Despite Record Builder Sentiment, Housing Starts Collapse Led By Rental Unit Crash
ZeroHedge - Sep 17th 2020 8:39am EDT Despite Record Builder Sentiment, Housing Starts Collapse Led By Rental Unit Crash Tyler Durden Thu, 09/17/2020 – 08:39 After yesterday’s record-high homebuilder sentiment, it may seem odd that analysts’ expectations were for a small drop MoM in Housing Starts (and only a modest rise MoM in Building Permits) in August. July’s massive rebounds in both […]
860,000 Americans Filed For First-Time Jobless Benefits Last Week
ZeroHedge - Sep 17th 2020 8:34am EDT 860,000 Americans Filed For First-Time Jobless Benefits Last Week Tyler Durden Thu, 09/17/2020 – 08:34 While some may celebrate the fact that initial jobless claims was below 1 million for the 3rd week in a row, the fact remains that a stunning 860,000 Americans filed for first time unemployment benefits last week… Source: Bloomberg That […]
A Fed ‘Apple’ A Day… Leaves You Broke
ZeroHedge - Sep 17th 2020 8:21am EDT A Fed ‘Apple’ A Day… Leaves You Broke Tyler Durden Thu, 09/17/2020 – 08:21 Authored by Bill Blain via MorningPorridge.com, “Central bankers all acknowledge in private that low rates are like rocket fuel for asset prices; indeed, this is considered a key transmission channel for monetary policy.” Yesterday the Fed communicated clearly(ish) saying the recovery […]
Futures Slide After Fed “Not-Dovish-Enough”, Tech Tumbles On Reflation Rotation Fears
ZeroHedge - Sep 17th 2020 8:08am EDT Futures Slide After Fed “Not-Dovish-Enough”, Tech Tumbles On Reflation Rotation Fears Tyler Durden Thu, 09/17/2020 – 08:08 It all started just before 3pm on Wednesday, when during his press conference, Fed chair Jerome Powell said that “more fiscal support is likely to be needed”, sparking concerns that the Fed’s monetary toolkit is running dry and […]
Pound Tumbles After BOE Said It Discussed Implementation Of Negative Rates
ZeroHedge - Sep 17th 2020 7:34am EDT Pound Tumbles After BOE Said It Discussed Implementation Of Negative Rates Tyler Durden Thu, 09/17/2020 – 07:34 There were no initial surprises when the first headlines hit from the BOE’s decision this morning in which, just like the Fed and the BOJE hours before it, the central bank kept its rates on hold and its […]
Trump Administration Forces Qatari News Network Al Jazeera To Register As ‘Foreign Agent’
ZeroHedge - Sep 17th 2020 6:46am EDTTrump Administration Forces Qatari News Network Al Jazeera To Register As ‘Foreign Agent’ Tyler Durden Thu, 09/17/2020 – 06:46 Earlier this year, the Trump Administration started forcing Chinese state media outlets operating in the US to register as foreign agents. Twitter and other social media companies followed suit by labeling accounts linked to Chinese and […]
Carnival Shares Tumble 4% As Cruise Cancellations Extended Through Spring 2021
ZeroHedge - Sep 17th 2020 6:19am EDT Carnival Shares Tumble 4% As Cruise Cancellations Extended Through Spring 2021 Tyler Durden Thu, 09/17/2020 – 06:19 On Tuesday, Carnival Crop announced plans for a $1 billion stock offering, while warning investors about a $2.9 billion loss for Q3, typically its busiest quarter. The latest offering adds to the growing mountain of billions in debt […]
COVID – Why Terminology Really, Really Matters
ZeroHedge - Sep 17th 2020 5:30am EDT COVID – Why Terminology Really, Really Matters Tyler Durden Thu, 09/17/2020 – 05:30 Authored by Dr. Malcolm Kendrick, COVID – Why terminology really, really matters [And the consequences of getting it horribly wrong] When is a case not a case? Since the start of the COVID pandemic I have watched almost everyone get mission critical […]
The Holy Grail Of Endless Energy: Harvesting Blackholes
ZeroHedge - Sep 17th 2020 4:20am EDT The Holy Grail Of Endless Energy: Harvesting Blackholes Tyler Durden Thu, 09/17/2020 – 04:20 Authored by Alex Kimani via OilPrice.com, A year ago, House representative Alexandria Ocasio-Cortez of New York and Senator Edward J. Markey of Massachusetts, both Democrats, proposed the Green New Deal, a nonbinding congressional resolution that lays out a grand plan for tackling […]
US Global Image Plummets Amid Virus-Handling Debacle
ZeroHedge - Sep 17th 2020 3:45am EDT US Global Image Plummets Amid Virus-Handling Debacle Tyler Durden Thu, 09/17/2020 – 03:45 The United States’ image has tumbled to a record-low among a new 13-nation Pew Research Center poll released Tuesday. America’s reputation, nevertheless, confidence in the Trump administration, have both rapidly declined over the past year due to the handling of the coronavirus pandemic. President Trump attempted to […]
Greece Vs Turkey: Is A War Inside NATO Possible?
ZeroHedge - Sep 17th 2020 3:10am EDT Greece Vs Turkey: Is A War Inside NATO Possible? Tyler Durden Thu, 09/17/2020 – 03:10 Authored by Timoschuk via TheDuran.com, The political dispute between Greece and Turkey over the disputed territories continues to escalate… On Saturday, US Secretary of State Mike Pompeo was forced to fly to Nicosia to discuss the situation in the Mediterranean […]
Russia’s Foreign Spy Chief Says US Is “Stage Managing” Belarus Unrest
ZeroHedge - Sep 17th 2020 2:35am EDT Russia’s Foreign Spy Chief Says US Is “Stage Managing” Belarus Unrest Tyler Durden Thu, 09/17/2020 – 02:35 Just after Moscow announced Tuesday that Russian force reserve units would be withdrawn from the Lithuanian border, top Russian officials have slammed NATO “flexing its muscle” during the ongoing ‘Tobruq Legacy 2020’ drills in Lithuania. A top official, Alexander Kanshin, […]
China Poses “The Greatest Threat To World Order”: UK Military Intel Chief
ZeroHedge - Sep 17th 2020 2:00am EDT China Poses “The Greatest Threat To World Order”: UK Military Intel Chief Tyler Durden Thu, 09/17/2020 – 02:00 Authored by Alexander Zhang via The Epoch Times, The Chinese regime “poses the greatest threat to world order,” Britain’s Chief of Defence Intelligence told British media this week. Lt. Gen. Jim Hockenhull, speaking at the first media briefing at […]
Nashville Authorities Concealed Evidence That Hardly Any COVID-19 Cases Contracted At Bars And Restaurants: Leaked Emails
ZeroHedge - Sep 17th 2020 1:07am EDT Nashville Authorities Concealed Evidence That Hardly Any COVID-19 Cases Contracted At Bars And Restaurants: Leaked Emails Tyler Durden Thu, 09/17/2020 – 01:07 Leaked emails between the senior adviser to Nashville’s Mayor and a health department official reveal a disturbing effort to conceal extremely low coronavirus cases emanating from bars and restaurants, while the lion’s share […]
Trump Says He Would Sell Other Gulf Countries Same Advanced Weapons Given To Israel
ZeroHedge - Sep 17th 2020 12:45am EDT Trump Says He Would Sell Other Gulf Countries Same Advanced Weapons Given To Israel Tyler Durden Thu, 09/17/2020 – 00:45 Authored by Dave DeCamp via AntiWar.com, In an interview ahead of the signing ceremony for the normalization agreement between Israel and the United Arab Emirates and Bahrain, Trump said he would be willing to sell […]
Dr. Strangelove’s Spoon-Benders: How The US Military Learned To Stop Worrying And Love The Bomb
ZeroHedge - Sep 16th 2020 11:30pm EDT Dr. Strangelove’s Spoon-Benders: How The US Military Learned To Stop Worrying And Love The Bomb Tyler Durden Wed, 09/16/2020 – 23:30 Authored by Cynthia Chung via The Strategic Culture Foundation, It is the belief held by top officials within the U.S. military industrial complex that their ideology of appropriate morality is to prevail and that […]
Trump Agrees With Powell: “Much Higher” Fiscal Stimulus Is Needed… And Why That Could Crash Stocks
ZeroHedge - Sep 16th 2020 11:18pm EDT Trump Agrees With Powell: “Much Higher” Fiscal Stimulus Is Needed… And Why That Could Crash Stocks Tyler Durden Wed, 09/16/2020 – 23:18 One can clearly see the moment the market’s mood reversed today during Powell’s FOMC press conference: it took place just as Powell warned that “more fiscal stimulus is likely to be needed”, noting […]
“Sci-Fi Awesome” – Hypersonic “Smart Bullet” Fired From Tank Downs Cruise Missile
ZeroHedge - Sep 16th 2020 11:10pm EDT “Sci-Fi Awesome” – Hypersonic “Smart Bullet” Fired From Tank Downs Cruise Missile Tyler Durden Wed, 09/16/2020 – 23:10 The U.S. Air Force used a hyper velocity projectile (HVP), capable of traveling Mach 7.3, or about 5,600 mph, fired from an Army M109 howitzer tank, to shoot down a fast-moving cruise missile over a missile range in New Mexico. “Tanks shooting down […]
Self-Censorship Soars In The US
ZeroHedge - Sep 16th 2020 10:50pm EDT Self-Censorship Soars In The US Tyler Durden Wed, 09/16/2020 – 22:50 Authored by Judith Bergman via The Gatestone Institute, A recent survey of 2,000 Americans by Cato Institute/YouGov found that 62% of Americans say “the political climate these days prevents them from saying things they believe because others might find them offensive”. This is up from 2017, when […]
China & India In Major Himalayan Border Troop Build-Up Expected To “Extend To Winter”
ZeroHedge - Sep 16th 2020 10:30pm EDT China & India In Major Himalayan Border Troop Build-Up Expected To “Extend To Winter” Tyler Durden Wed, 09/16/2020 – 22:30 After a summer of high level military to military talks appear to have unraveled — though they’ve prevented another major border breach like the June 15 brutal hand-to-hand combat clash which saw 20 Indian troops killed — multiple […]
Paul Craig Roberts: The Democrat Ticket Is Puzzling
ZeroHedge - Sep 16th 2020 10:10pm EDTPaul Craig Roberts: The Democrat Ticket Is Puzzling Tyler Durden Wed, 09/16/2020 – 22:10 Authored by Paul Craig Roberts, I am puzzled, as I assume my readers are, why the powers-that-be chose the two least electable candidates for the Democrat nominations for president and vice president. It makes no sense to choose people who have […]
Yelp Reveals 60% Of Business Closures Are Now Permanent
ZeroHedge - Sep 16th 2020 9:50pm EDT Yelp Reveals 60% Of Business Closures Are Now Permanent Tyler Durden Wed, 09/16/2020 – 21:50 The virus pandemic shock is generating deep economic scarring, the likes of which many have never seen before. The virus-induced downturn has led the economy into a “liquidity trap,” in which interest rates will likely reside on the zero lower bound until 2023, and monetary […]
Tyranny Down Under: From Blue Shirts To Brown
ZeroHedge - Sep 16th 2020 9:30pm EDT Tyranny Down Under: From Blue Shirts To Brown Tyler Durden Wed, 09/16/2020 – 21:30 Authored by Alan Hamilton via Off-Guardian.org, “On at least 3 or 4 occasions in the past week we’ve had to smash the windows of people in cars and pull them out of there so they could provide their details – because […]
US Pushes Unprecedented 7 Major Weapons Systems Sales To Taiwan At Once
ZeroHedge - Sep 16th 2020 9:10pm EDT US Pushes Unprecedented 7 Major Weapons Systems Sales To Taiwan At Once Tyler Durden Wed, 09/16/2020 – 21:10 Despite Beijing’s threats centered on the ‘red line’ of the Taiwan issue, Washington only looks to ramp up its arms sales, which will no doubt earn more condemnations alleging violation of the ‘One China’ policy. Reuters points […]
Dalio Sheds Light On Chinese Thinking On Trade Deal
ZeroHedge - Sep 16th 2020 8:50pm EDT Dalio Sheds Light On Chinese Thinking On Trade Deal Tyler Durden Wed, 09/16/2020 – 20:50 Authored by Ye Xie, Bloomberg macro commentator and analyst There were few surprises at the FOMC meeting as the Fed signaled it plans to leave rates near zero for at least three years, even as it upgraded growth forecasts. The […]
