News From ZeroHedge, Page 2909

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  • New York City Is Dead And It’s “Only Going To Get Worse”

    ZeroHedge - Aug 23rd 2020 9:00pm EDT

    New York City Is Dead And It’s “Only Going To Get Worse” Tyler Durden Sun, 08/23/2020 – 21:00 Authored by Paul Joseph Watson via Summit News, Former hedge fund manager and entrepreneur James Altucher says New York City is dead and it’s not coming back. Born and bred in New York, Altucher took his family […]

  • Four Reasons Why Morgan Stanley Believes The Covid Recession Triggered A Structural Shift Toward Higher Inflation

    ZeroHedge - Aug 23rd 2020 8:35pm EDT

    Four Reasons Why Morgan Stanley Believes The Covid Recession Triggered A Structural Shift Toward Higher Inflation Tyler Durden Sun, 08/23/2020 – 20:35 In a time when the most important question in all of finance is whether “what comes next” is inflationary or deflationary, earlier today we posted an eloquent twitter thread in which the author […]

  • The Big Lie & The Robinhood Rally

    ZeroHedge - Aug 23rd 2020 8:10pm EDT

    The Big Lie & The Robinhood Rally Tyler Durden Sun, 08/23/2020 – 20:10 Authored by Kevin Duffy via LewRockwell.com, As cities burn and statues topple, the Nasdaq races to all-time highs.  As unemployment explodes to levels not seen since the 1930s, gambling on dicey stocks soars.  As private property becomes less secure, titles to property […]

  • US Bill Seeks To Ban Title “President” For China’s Xi Jinping

    ZeroHedge - Aug 23rd 2020 7:45pm EDT

    US Bill Seeks To Ban Title “President” For China’s Xi Jinping Tyler Durden Sun, 08/23/2020 – 19:45 A new bill introduced in Washington seeks to change the way the federal government refers to the leader of China, prohibiting the use of the term “president”, and will – if passed – lead to a dramatic escalation […]

  • Oregon May Soon Decriminalize Low-Level Possession Of All Drugs, Massively Reducing Arrests

    ZeroHedge - Aug 23rd 2020 7:20pm EDT

    Oregon May Soon Decriminalize Low-Level Possession Of All Drugs, Massively Reducing Arrests Tyler Durden Sun, 08/23/2020 – 19:20 Authored by Elias Marat via TheMindUnleashed.com, With opinions changing across the country over the need for urgent criminal justice reform, there’s no time like the present to enact a much-needed overhaul of laws that criminalize poverty and […]

  • A Love Letter To The Fed From The Adoring Stock Market

    ZeroHedge - Aug 23rd 2020 6:30pm EDT

    A Love Letter To The Fed From The Adoring Stock Market Tyler Durden Sun, 08/23/2020 – 18:30 Authored by Michael Regan via Bloomberg (emphasis ours), Dear Fed, Hey there! It’s me, the stock market. I know it’s weird to write you like this, but I felt like I needed to drop a quick thank-you note […]

  • Uber Eats Found To Be Underpaying Drivers On 30% Of Trips, Programming Sleuth Finds

    ZeroHedge - Aug 23rd 2020 6:05pm EDT

    Uber Eats Found To Be Underpaying Drivers On 30% Of Trips, Programming Sleuth Finds Tyler Durden Sun, 08/23/2020 – 18:05 As the controversy of how Uber classifies its employees in California drags on, Uber Eats could find itself dealing with another set of very real legal problems – very soon. That’s because a programmer and […]

  • NYT’s ‘Debunked’ 1619 Project Will “Set The Tone” For The School Year At Massachusetts College

    ZeroHedge - Aug 23rd 2020 5:40pm EDT

    NYT’s ‘Debunked’ 1619 Project Will “Set The Tone” For The School Year At Massachusetts College Tyler Durden Sun, 08/23/2020 – 17:40 Authored by Lela Gallery via Campus Reform, The New York Times’ debunked 1619 Project will be the literature that “sets the tone” for the year at one Massachusetts college. In a school-wide email on August 13, […]

  • California Wildfires Cover 1 Million Acres In A Week As Storms Expected To Fan Flames

    ZeroHedge - Aug 23rd 2020 5:15pm EDT

    California Wildfires Cover 1 Million Acres In A Week As Storms Expected To Fan Flames Tyler Durden Sun, 08/23/2020 – 17:15 In the course of just one week, wildfires blazing across the state of California have burned through nearly one million acres statewide, destroying hundreds of homes ahead of an expected storm system heading toward […]

  • Private Equity Billionaire Leon Black To Receive Subpoena Over Decades-Long Relationship With Jeffrey Epstein

    ZeroHedge - Aug 23rd 2020 4:50pm EDT

    Private Equity Billionaire Leon Black To Receive Subpoena Over Decades-Long Relationship With Jeffrey Epstein Tyler Durden Sun, 08/23/2020 – 16:50 Officials in the US Virgin Islands plan to subpoena billionaire investor Leon Black over his decades-long relationship with convicted sex offender Jeffrey Epstein, according to the New York Times. Epstein served as a director on […]

  • “Where’s Our Fu*kin’ Bailout?”: Ice Cube Slams Democrats For Abandoning Blacks

    ZeroHedge - Aug 23rd 2020 4:25pm EDT

    “Where’s Our Fu*kin’ Bailout?”: Ice Cube Slams Democrats For Abandoning Blacks Tyler Durden Sun, 08/23/2020 – 16:25 Rapper Ice Cube has turned cold on the Democratic party, complaining in a Saturday rant that the DNC has financially abandoned the black community, and that even if Trump is voted out of office – “then what?” Translation: […]

  • Haunting Photos Of San Francisco’s Desolate Financial District During Morning “Rush Hour”

    ZeroHedge - Aug 23rd 2020 4:00pm EDT

    Haunting Photos Of San Francisco’s Desolate Financial District During Morning “Rush Hour” Tyler Durden Sun, 08/23/2020 – 16:00 Authored by Wolf Richter via WolfStreet.com, On Tuesday, August 18, during morning rush hour, I walked through and around the Financial District of San Francisco and took photos to document the spookiness of it all. Pedestrians used […]

  • De Blasio’s ‘Utopia’? Quarter-Mile Food-Bank Line Spotted In Queens

    ZeroHedge - Aug 23rd 2020 3:35pm EDT

    De Blasio’s ‘Utopia’? Quarter-Mile Food-Bank Line Spotted In Queens Tyler Durden Sun, 08/23/2020 – 15:35 Three weeks into a fiscal cliff, a large food bank line emerged on Saturday (Aug. 22) in Queens, a New York City borough, stretching for nearly a quarter-mile down the street.  With each passing day, the failure of Congress and the Trump […]

  • On Inflation (& How It’s Not What Happens Next)

    ZeroHedge - Aug 23rd 2020 3:10pm EDT

    On Inflation (& How It’s Not What Happens Next) Tyler Durden Sun, 08/23/2020 – 15:10 Everyone is convinced the dollar is going to inflate because more dollars are entering the system. But are they really? That is the question that sparked a succinct Twitter thread by Travis K (@ColoradoTravis) explaining why inflation is not what […]

  • Trump Considers Fast-Tracking AstraZeneca Covid Vaccine Ahead Of Elections

    ZeroHedge - Aug 23rd 2020 2:26pm EDT

    Trump Considers Fast-Tracking AstraZeneca Covid Vaccine Ahead Of Elections Tyler Durden Sun, 08/23/2020 – 14:26 With Trump expected to make a “major therapeutic announcement” at 530pm “sharp”, and tweeting that the “important White House news conference” will be “very good news”… Important White House News Conference at 5:30 (sharp) today. Very good news! — Donald […]

  • When Reparations For Slavery Become Just Another Welfare Program

    ZeroHedge - Aug 23rd 2020 2:20pm EDT

    When Reparations For Slavery Become Just Another Welfare Program Tyler Durden Sun, 08/23/2020 – 14:20 Authored by Ryan McMaken via The Mises Institute, The idea that former slaves and their descendants ought to receive reparations for the wrongs committed against them is not new. Having grasped the fact that slavery is nothing less than kidnapping […]

  • BofA: “It Is Unrealistic To Have Widespread Vaccine Availability In Q1 2021”

    ZeroHedge - Aug 23rd 2020 1:55pm EDT

    BofA: “It Is Unrealistic To Have Widespread Vaccine Availability In Q1 2021” Tyler Durden Sun, 08/23/2020 – 13:55 As Deutsche Bank wrote at the start of August, whereas vaccines normally require years of testing and additional time to produce at scale, amidst the covid pandemic scientists are hoping to develop a coronavirus vaccine within an […]

  • Avoid The Trap The System Is Setting To Ensnare You

    ZeroHedge - Aug 23rd 2020 1:30pm EDT

    Avoid The Trap The System Is Setting To Ensnare You Tyler Durden Sun, 08/23/2020 – 13:30 Authored by Chris Martenson via PeakProsperity.com, One Step Removed Millions of people are about to enter a financial purgatory, becoming little more than modern-day slaves. While they’ll be reported by the media as those “evicted” or “foreclosed on”, if […]

  • Portland BLM ‘Revolutionaries’ Bring Guillotine Into Suburbs Where They Burn American Flags, Fling Poo And Demand Shelter

    ZeroHedge - Aug 23rd 2020 1:05pm EDT

    Portland BLM ‘Revolutionaries’ Bring Guillotine Into Suburbs Where They Burn American Flags, Fling Poo And Demand Shelter Tyler Durden Sun, 08/23/2020 – 13:05 BLM protesters in Portland took to the streets once again Saturday night, dragging a mock guillotine through a suburban neighborhood, where they burned American flags and ‘executed’ a stuffed bear. Protesters cheer […]

  • Will Skilled Hands-On Labor Finally Become More Valuable?

    ZeroHedge - Aug 23rd 2020 12:40pm EDT

    Will Skilled Hands-On Labor Finally Become More Valuable? Tyler Durden Sun, 08/23/2020 – 12:40 Authored by Charles Hugh Smith via OfTwoMinds blog, The sands beneath what’s scarce and what’s over-abundant are shifting. On a recent visit to the welding shop where my niece’s husband works, I asked him if they had enough welders for their […]

  • Lukashenko Orders Military To React “Without Warning” If NATO Forces Violate Western Border

    ZeroHedge - Aug 23rd 2020 12:15pm EDT

    Lukashenko Orders Military To React “Without Warning” If NATO Forces Violate Western Border Tyler Durden Sun, 08/23/2020 – 12:15 A huge rally of tens of thousands draped in red-and-white opposition flags brought the center of Minsk to a standstill on Sunday, in what’s become a near daily occurrence for weeks since the Aug.9 reelection of […]

  • Tending The Portfolio “Garden” As Winter Approaches

    ZeroHedge - Aug 23rd 2020 11:50am EDT

    Tending The Portfolio “Garden” As Winter Approaches Tyler Durden Sun, 08/23/2020 – 11:50 Authored by Lance Roberts via RealInvestmentAdvice.com, Shortest Bear Market In History The bulls accomplished their task this week of pushing the S&P 500 index back to “all-time” highs. “The S&P 500 set a new record high this week for the first time since Feb. 19, […]

  • South Korea Confirms Most New COVID-19 Cases Since March; US Deaths Drop Below 1,000: Live Updates

    ZeroHedge - Aug 23rd 2020 11:25am EDT

    South Korea Confirms Most New COVID-19 Cases Since March; US Deaths Drop Below 1,000: Live Updates Tyler Durden Sun, 08/23/2020 – 11:25 Summary: US deaths below 1k Cases in line with average India passes 3 million Global cases hit 23.1 million South Korea suffers most new cases since March Australia sees new cases as Victoria […]

  • The Tyranny Of Groupthink

    ZeroHedge - Aug 23rd 2020 11:00am EDT

    The Tyranny Of Groupthink Tyler Durden Sun, 08/23/2020 – 11:00 Authored by David Stockman of Contra Corner blog, via LewRockwell.com, The broad market (S&P 500) is trading at the highest forward PE multiples since November 1999, but the financial press is rife with mendacious piffle claiming there is no bubble. For example, in celebration of […]

  • “Horrendous” Market Breadth “Stinks To High Heaven”, Screams Imminent Risk-Off

    ZeroHedge - Aug 23rd 2020 10:35am EDT

    “Horrendous” Market Breadth “Stinks To High Heaven”, Screams Imminent Risk-Off Tyler Durden Sun, 08/23/2020 – 10:35 With the S&P500 closing at a new all time high just shy of 3,400 on Friday, one may be tempted to think that there is a raging bull market (if one sparked by trillions in Fed liquidity, and certainly […]