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  • The Global Food Supply-Chain Wasn’t Designed For This

    ZeroHedge - Apr 7th 2020 11:30am EDT

    The Global Food Supply-Chain Wasn’t Designed For This Authored by Simon Black via SovereignMan.com, In the early 1980s, doctors and medical researchers around the world were confounded by the growing number of young, otherwise healthy patients who were dying of rare infections that typically only occurred in people with very weak immune systems. The situation […]

  • Nomura: This Is Nothing More Than A Giant “Bear Squeeze” Rally

    ZeroHedge - Apr 7th 2020 11:15am EDT

    Nomura: This Is Nothing More Than A Giant “Bear Squeeze” Rally For two weeks in a row the clients of top Wall Street firms – first Goldman then Morgan Stanley – had just one question for their highly paid financial advisors: was March 23, the day the Fed went all in and announced unlimited QE […]

  • Paris Bans Exercise As Lockdown Tightens

    ZeroHedge - Apr 7th 2020 10:59am EDT

    Paris Bans Exercise As Lockdown Tightens Authored by Paul Joseph Watson via Summit News, Authorities in Paris have announced they will ban outdoor exercise between the hours of 10am and 7pm as the coronavirus lockdown tightens. “All physical exercise – running, walking – will be banned in Paris between 10am and 7pm from tomorrow (Wed […]

  • Michael ‘Big Short’ Burry Blasts “Unjustifiable” Lockdowns As “Most Devastating Economic Force In History”

    ZeroHedge - Apr 7th 2020 10:45am EDT

    Michael ‘Big Short’ Burry Blasts “Unjustifiable” Lockdowns As “Most Devastating Economic Force In History” Infamous for his massive (winning) “big short” bet against mortgage securities before the 2008 financial crisis, Michael Burry, the doctor-turned-hedge-fund-manager has been on a multi-day Twitter rant claiming that the lockdowns intended to contain the COVID-19 pandemic are worse than the […]

  • Job Openings Smash Expectations In Delayed JOLTS Report

    ZeroHedge - Apr 7th 2020 10:30am EDT

    Job Openings Smash Expectations In Delayed JOLTS Report There was some good and some bad news in today’s JOLTs/job openings report. The good news was that coming in at 6.882 million, down modestly from 7.012 million in January, the number smashed consensus expectation of 6.5 million which in turn was a surprisingly low number which […]

  • Did Capital One Run Into A Commodity Prepay Wall?

    ZeroHedge - Apr 7th 2020 10:18am EDT

    Did Capital One Run Into A Commodity Prepay Wall? Submitted by Jacques Simon, In our last post we touted a too-big too fail return in the commodity-sector (a name nobody dare to pronounced. Today prices are down but market volatility is up (VaR is up, prices are down). Capital one, a FDIC-insured bank is allowed to skip a $1B […]

  • As Europe Looks For Lockdown Exit Strategy, WHO Urges ‘Don’t Ease Measures Too Early’

    ZeroHedge - Apr 7th 2020 10:00am EDT

    As Europe Looks For Lockdown Exit Strategy, WHO Urges ‘Don’t Ease Measures Too Early’ Europe is finally seeing signs that its lockdowns are working, as over the weekend Europe’s epicenter of Italy finally saw its smallest daily increase in deaths since March 19, and Spain – with more total infections than Italy – also saw its daily […]

  • Not Even The End Of The Beginning…

    ZeroHedge - Apr 7th 2020 9:45am EDT

    Not Even The End Of The Beginning… Authored by Bill Blain via MorningPorridge.com, “I bet it was Carole Baskin that gave the Tigers C-19!” As predicted, yesterday’s vague indications the numbers are improving turned into a spectacular rally as markets’ high-fived themselves, anticipating imminent victory against the Coronavirus. Markets appear to be way too excited.  […]

  • Kudlow Claims Fed Still Has “Ultimate Bazooka”

    ZeroHedge - Apr 7th 2020 9:30am EDT

    Kudlow Claims Fed Still Has “Ultimate Bazooka” Having increased its balance sheet by the most ever, directly monetizing Treasury issuance, unleashing unlimited swap lines, and started buying everything from bond ETFs to personal loan paper, and promised implicitly to do the now-proverbial ‘whatever it takes’ to save the world (markets), it appears The Fed has […]

  • Everything Is Broken: The Most Profitable Trade Since 1993 Is Now Upside Down

    ZeroHedge - Apr 7th 2020 9:15am EDT

    Everything Is Broken: The Most Profitable Trade Since 1993 Is Now Upside Down Ever since 1993, one of the most familiar and loved patterns by daytraders everywhere, was buying the overnight session and shorting the regular, or cash session, because as the Bespoke chart below shows, the cumulative returns on “buying the close and selling […]

  • Rabobank: “There Is Really Only One Headline Today – That PM Boris Johnson Is In Intensive Care”

    ZeroHedge - Apr 7th 2020 9:00am EDT

    Rabobank: “There Is Really Only One Headline Today – That PM Boris Johnson Is In Intensive Care” Submitted by Michael Every of Rabobank ICU There is really only one headline today – that UK PM Boris Johnson is in intensive care. Indeed, as several medical experts have attested, given the critical shortage of ICU beds […]

  • Small Business Optimism Crashes By Most Ever

    ZeroHedge - Apr 7th 2020 8:45am EDT

    Small Business Optimism Crashes By Most Ever The NFIB Small Business Optimism Index fell 8.1 points in March to 96.4, the largest monthly decline in the survey’s history and ending a historic run of 39-months of strong small business optimism above 100. Nine of the 10 Index components declined, which is evidence that economic disruptions […]

  • Downing Street Says BoJo Hasn’t Been Diagnosed With Pneumonia; PM In “Good Spirits”

    ZeroHedge - Apr 7th 2020 8:35am EDT

    Downing Street Says BoJo Hasn’t Been Diagnosed With Pneumonia; PM In “Good Spirits” As all of Britain (with the possible exception of a handful of extremely bitter remoaners) wishes Prime Minister Boris Johnson a speedy recovery, his spokesman told reporters on Tuesday that the PM hasn’t been diagnosed with pneumonia, and although he has received […]

  • Exxon Cuts 2020 Capex By 30% On Expectations For 25-30% Demand Drop

    ZeroHedge - Apr 7th 2020 8:25am EDT

    Exxon Cuts 2020 Capex By 30% On Expectations For 25-30% Demand Drop With oil trading at prices that are uneconomical even for the world’s biggest majors, on Tuesday morning Exxonmobil announced it cut its 2020 Capex by 30% and cash Opex by 15% as the CEO said he expects a record 25-30% demand drop this […]

  • NYC Restaurateurs Plead With Landlords For Rent Forgiveness And Deferment

    ZeroHedge - Apr 7th 2020 8:25am EDT

    NYC Restaurateurs Plead With Landlords For Rent Forgiveness And Deferment Authored by Ryan Sutton, of Eater.com, New York bars and restaurants, which reportedly laid off tens of thousands of staffers in March, are now negotiating with landlords to stave off another crisis: paying April rent. Photo credit: Bess Adler/Eater Real estate relief efforts are underway, […]

  • Futures, Global Markets Soar For Second Day As Virus Fears Fade, Dollars Slides

    ZeroHedge - Apr 7th 2020 8:10am EDT

    Futures, Global Markets Soar For Second Day As Virus Fears Fade, Dollars Slides Global markets rallied for the second day as signs of progress against the coronavirus in both Europe and the United States and more aggressive helpings of stimulus kept investors charging back in.  US index futures bounced for a second straight day on […]

  • US Outbreak Worsens, European Numbers Continue To Fall, As Global COVID-19 Infections Near 1.5 Million: Live Updates

    ZeroHedge - Apr 7th 2020 6:49am EDT

    US Outbreak Worsens, European Numbers Continue To Fall, As Global COVID-19 Infections Near 1.5 Million: Live Updates Summary: Russia reports another concerning jump in cases Downing Street offers update on Johnson’s condition Abe kicks off Japan’s 1-month state of emergency Spain reports jump in deaths following drop over the weekend US cases accelerate faster than […]

  • “The Whole World’s F**ked!” – Raoul Pal Pulls No Punches In Latest Interview

    ZeroHedge - Apr 7th 2020 5:30am EDT

    “The Whole World’s F**ked!” – Raoul Pal Pulls No Punches In Latest Interview “The whole world’s f**ked.” That is how Raoul Pal, the former hedge-fund manager who founded Real Vision, reacted when he first heard of the uncontrolled and rapid contagion of COVID-19 across the globe. Speaking from his home in the Cayman Islands on […]

  • UK Cops Broadcast “Corona Rap” To Make People Stay Inside

    ZeroHedge - Apr 7th 2020 5:00am EDT

    UK Cops Broadcast “Corona Rap” To Make People Stay Inside Authored by Paul Joseph Watson via Summit News, In what some are lamenting as a perfect illustration of the state of law enforcement in the United Kingdom, a video shows a police officer performing a ‘coronavirus rap’ through a loudspeaker in an effort to make […]

  •  “We Will Whip You” – Zambian Police Crackdown On Non-Quarantine-Compliant Citizens

    ZeroHedge - Apr 7th 2020 4:30am EDT

     “We Will Whip You” – Zambian Police Crackdown On Non-Quarantine-Compliant Citizens We noted on Monday that Africa could be facing an economic collapse amid the COVID-19 pandemic. At least 54 countries on the continent have imposed lockdowns, curfews, and or travel bans to mitigate the spread of the virus. In Zambia, a country with 17 million people, has […]

  • No, Mr. Boomer, We’ve Run Out of God Pills…

    ZeroHedge - Apr 7th 2020 4:00am EDT

    No, Mr. Boomer, We’ve Run Out of God Pills… Authored by Tom Luongo via Gold, Goats, ‘Guns blog, Consider this an open message to The Davos Crowd. I can see you using the pandemic of COVID-19 to run the table on holding onto power while your institutions fail. It is obvious that by either design or […]

  • After Blasting “Russian Troll Attacks,” Swedish Ministers Admit Local Grandma Stoked Anti-5G Fears

    ZeroHedge - Apr 7th 2020 3:30am EDT

    After Blasting “Russian Troll Attacks,” Swedish Ministers Admit Local Grandma Stoked Anti-5G Fears Swedish Minister of Energy and Digital Development Anders Ygeman accused Russia “of destabilizing the Swedish 5G debate” by deploying Russian trolls on Facebook in late 2019. A new report by Swedish national broadcaster (SVT) found there was no evidence of Russian bots posting upwards […]

  • European Union Approves Bugs For Human Consumption

    ZeroHedge - Apr 7th 2020 3:00am EDT

    European Union Approves Bugs For Human Consumption Authored by Paul Joseph Watson via Summit News, The European Union’s Food Safety Authority has approved the sale of bugs as “novel food,” meaning that they are likely to be mass produced for human consumption throughout the continent by the end of the year. Can’t wait. “These have […]

  • “All The Jobs Are Gone” – Africa Facing ‘Complete Economic Collapse’ As Virus Spreads

    ZeroHedge - Apr 7th 2020 2:30am EDT

    “All The Jobs Are Gone” – Africa Facing ‘Complete Economic Collapse’ As Virus Spreads The COVID-19 pandemic and lockdowns across the African continent could trigger an economic collapse, according to one United Nations (UN) official, who spoke with Associated Press (AP).  Ahunna Eziakonwa, the UN Development Program regional director for Africa, warned that the pandemic would likely result in […]

  • China’s Fake News : Its “Superior System” Defeats COVID-19

    ZeroHedge - Apr 7th 2020 2:00am EDT

    China’s Fake News : Its “Superior System” Defeats COVID-19 Authored by Gordon Chang via The Gatestone Institute, China has “defeated” the coronavirus and declared “victory,” Communist Party media tells us. A funny thing happened on the way to victory, however. The virus is hitting China in a second wave. The second wave is claiming victims, […]