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  • “This Is The Biggest Shock We’ve Had For Generations”: El-Erian Says ‘Buckle Up’ For Bumpy Ride

    ZeroHedge - May 18th 2020 2:15pm EDT

    “This Is The Biggest Shock We’ve Had For Generations”: El-Erian Says ‘Buckle Up’ For Bumpy Ride Tyler Durden Mon, 05/18/2020 – 14:15 Mohamed El-Erian does not see a smooth, V-shaped recovery from the coronavirus pandemic in the cards – and instead says that it will probably look more like a series of Ws. “Think of […]

  • COVID-19 Panic Sparks Surge In Democratic Socialists Of America Memberships

    ZeroHedge - May 18th 2020 1:59pm EDT

    COVID-19 Panic Sparks Surge In Democratic Socialists Of America Memberships Tyler Durden Mon, 05/18/2020 – 13:59 Authored by Robert Wenzel via TargetLiberty.com, Memberships in Democratic Socialist of America chapters around the country have surged in the past eight weeks, reports The Atlantic. An estimated 10,000 people have joined since March, bringing the group’s total membership to roughly […]

  • “We Are With Them!” – Trump Celebrates As More Than 100 States Back COVID China Probe

    ZeroHedge - May 18th 2020 1:45pm EDT

    “We Are With Them!” – Trump Celebrates As More Than 100 States Back COVID China Probe Tyler Durden Mon, 05/18/2020 – 13:45 President Xi’s generous promises to share a (non-existent) Chinese COVID vaccine “with the world” while extending some $2 billion in aid to the poorest nations apparently failed to dissuade the 54-member African Union […]

  • It Already Pays Better To Be Unemployed… Illegals Next?

    ZeroHedge - May 18th 2020 1:30pm EDT

    It Already Pays Better To Be Unemployed… Illegals Next? Tyler Durden Mon, 05/18/2020 – 13:30 Authored by Mike Shedlock via MishTalk, In many states workers can do better collecting unemployment than being employed. Please consider the Coronavirus Unemployment Calculator to determine when and where it’s better not to work. Under the CARES Act, Americans laid off due […]

  • Bars And Restaurants Allowed To Reopen If They Agree To Snitch On Customers

    ZeroHedge - May 18th 2020 1:02pm EDT

    Bars And Restaurants Allowed To Reopen If They Agree To Snitch On Customers Tyler Durden Mon, 05/18/2020 – 13:02 Via MassprivateI blog, If you’re anything like me, you are looking forward to finally getting out of your house and maybe having a few drinks or a nice dinner at your local bar or restaurant. But […]

  • A Potemkin Market Exposed – Howard Marks Fears The Fed Can’t Fake-It Forever

    ZeroHedge - May 18th 2020 12:45pm EDT

    A Potemkin Market Exposed – Howard Marks Fears The Fed Can’t Fake-It Forever Tyler Durden Mon, 05/18/2020 – 12:45 As everyone is well aware, today we’re experiencing unprecedented (or at least highly exceptional) developments in four areas: the pandemic, the economic contraction, the oil price collapse and the Fed/government response.  Thus, as Oaktree Capital’s Howard […]

  • Xi Supports WHO Probe Into COVID Origins, Vows To Share Vaccine ‘With The World’ In WHA Keynote

    ZeroHedge - May 18th 2020 12:30pm EDT

    Xi Supports WHO Probe Into COVID Origins, Vows To Share Vaccine ‘With The World’ In WHA Keynote Tyler Durden Mon, 05/18/2020 – 12:30 Beijing has been working to reframe the global narrative surrounding the coronavirus outbreak by playing up the generous medical aid it has extended to some of its allies (including Italy, Russia, Iran […]

  • Austrian Study Finds “Sign Of Human Intervention” In COVID-19

    ZeroHedge - May 18th 2020 12:16pm EDT

    Austrian Study Finds “Sign Of Human Intervention” In COVID-19 Tyler Durden Mon, 05/18/2020 – 12:16 Authored by Steve Watson via Summit News, A scientific study in Austria has found that SARS-CoV-2, the coronavirus that has led to a pandemic, was likely created in a lab, barring some “remarkable coincidence” that led to the virus naturally evolving to be optimised […]

  • FBI Cracks Into Pensacola Shooter’s iPhone, Find “Significant Ties” To Al Qaeda

    ZeroHedge - May 18th 2020 12:00pm EDT

    FBI Cracks Into Pensacola Shooter’s iPhone, Find “Significant Ties” To Al Qaeda Tyler Durden Mon, 05/18/2020 – 12:00 After months of trying to break into the encrypted iPhone of the Pensacola, Florida naval base shooter – Saudi Arabian national Mohammed Saeed Alshamrani, the FBI was able to access information on the device and discovered a […]

  • Powell Makes History By Unleashing Record “Buying Panic” In Stocks

    ZeroHedge - May 18th 2020 11:47am EDT

    Powell Makes History By Unleashing Record “Buying Panic” In Stocks Tyler Durden Mon, 05/18/2020 – 11:47 Powell’s promise to the American people that there is a “lot more [the Fed] can do”, coupled with his ‘explanation’ that the Fed “prints money digitally”, alongside the news that a tiny coronavirus vaccine trial showed promise, was enough […]

  • Euro, EU Bonds Surge On Merkel/Macron EU Bailout Fund Headlines

    ZeroHedge - May 18th 2020 11:42am EDT

    Euro, EU Bonds Surge On Merkel/Macron EU Bailout Fund Headlines Tyler Durden Mon, 05/18/2020 – 11:42 It’s not ‘coronabonds’ yet, but on a day like this it doesn’t matter. Reuters headlines from France’s Macron and Germany’s Merkel have sparked a panic bid for EURUSD, European stocks (and US stocks), and European peripheral debt. The two […]

  • Uber Surges After Announcing Another 3,000 Job Cuts, Bringing Total Layoffs To A Quarter Of Its Workforce

    ZeroHedge - May 18th 2020 11:27am EDT

    Uber Surges After Announcing Another 3,000 Job Cuts, Bringing Total Layoffs To A Quarter Of Its Workforce Tyler Durden Mon, 05/18/2020 – 11:27 Last week, Wall Street was shocked following a report that Uber was seeking to acquire its biggest competitor in the food delivery space, Grubhub, in hopes of creating a food-delivery giant. The […]

  • Consumer Spending Will Not Rebound – Here’s Why

    ZeroHedge - May 18th 2020 11:05am EDT

    Consumer Spending Will Not Rebound – Here’s Why Tyler Durden Mon, 05/18/2020 – 11:05 Authored by Charles Hugh Smith via OfTwoMinds blog, Any economy that concentrates its wealth and income in the top tier is a fragile economy. There are two structural reasons why consumer spending will not rebound, no matter how “open” the economy […]

  • Obama Staffer Scrambles To Salvage Reputation After Trump-Russia Lies Exposed, Implies Zero Hedge A “Disinformation Clearinghouse”

    ZeroHedge - May 18th 2020 10:46am EDT

    Obama Staffer Scrambles To Salvage Reputation After Trump-Russia Lies Exposed, Implies Zero Hedge A “Disinformation Clearinghouse” Tyler Durden Mon, 05/18/2020 – 10:46 Atlantic Council senior fellow, Congressional candidate, and Russia conspiracy theorist Evelyn Farkas is desperately trying to salvage her reputation after recently released transcripts from her closed-door 2017 testimony to the House Intelligence Committee […]

  • Wall Street Caught Short Again As “Money Printer Go BRRRRRR To 11”

    ZeroHedge - May 18th 2020 10:32am EDT

    Wall Street Caught Short Again As “Money Printer Go BRRRRRR To 11” Tyler Durden Mon, 05/18/2020 – 10:32 With US equity futures soaring to start the week on the combination of Powell’s 60 Minutes affirmation that the Fed’s money printer go BRRRRR to 11 (as Nomura’s Charlie McElligott poetically puts it) coupled with favorable news […]

  • Gold, Silver, Dollar, & Bonds Dumped Because 8 Healthy Young People Didn’t Die From Test Vaccine

    ZeroHedge - May 18th 2020 10:26am EDT

    Gold, Silver, Dollar, & Bonds Dumped Because 8 Healthy Young People Didn’t Die From Test Vaccine Tyler Durden Mon, 05/18/2020 – 10:26 Great news America – 8 healthy, young people did not show any adverse effects from being injected with a potential vaccine for COVID-19… “All eight initial participants” in the Moderna trial developed neutralizing […]

  • Turley: The ‘Unmasking’ Of Joe Biden

    ZeroHedge - May 18th 2020 10:00am EDT

    Turley: The ‘Unmasking’ Of Joe Biden Tyler Durden Mon, 05/18/2020 – 10:00 Authored by Jonathan Turley, The contradictions revealed in recent disclosures, including the list of officials seeking to “unmask” the identity of former National Security Adviser Michael Flynn, are shocking.  There seems a virtual news blackout on these disclosures, including the fact that both […]

  • Retail Rout? Robinhood & E*Trade Are Down!

    ZeroHedge - May 18th 2020 9:48am EDT

    Retail Rout? Robinhood & E*Trade Are Down! Tyler Durden Mon, 05/18/2020 – 09:48 This is a major problem for the bulls… “I felt a great disturbance in the farce, as if millions of bullish Millennials cried out in terror and were suddenly silenced. I fear something terrible may happen…” Robinhood is down… Source: DownDetector And […]

  • Rabobank: Who? WHO?

    ZeroHedge - May 18th 2020 9:40am EDT

    Rabobank: Who? WHO? Tyler Durden Mon, 05/18/2020 – 09:40 Submitted by Michael Every of Rabobank Who? None other than Fed Chair Powell – saying on ’60 minutes’ for a mainstream audience that “Assuming there’s not a second wave of the coronavirus, I think you’ll see the economy recover steadily in the second half of this […]

  • World’s Largest Contract Chipmaker Halts Deliveries To Huawei As New US Sanctions Bite

    ZeroHedge - May 18th 2020 9:25am EDT

    World’s Largest Contract Chipmaker Halts Deliveries To Huawei As New US Sanctions Bite Tyler Durden Mon, 05/18/2020 – 09:25 The Commerce Department’s decision to tighten restrictions on Huawei announced a few days ago are already throwing a wrench in Huawei’s supply chain, a sign that the US is no longer playing around, and is going […]

  • “There Will Be Consequences” – Did The Fed Over-React To A “Natural Disaster”?

    ZeroHedge - May 18th 2020 9:10am EDT

    “There Will Be Consequences” – Did The Fed Over-React To A “Natural Disaster”? Tyler Durden Mon, 05/18/2020 – 09:10 Authored by Lance Roberts via RealInvestmentAdvice.com, Is it possible the Fed over-reacted to a natural disaster? There are two different types of “recessionary” events that occur throughout history. The first is a “business cycle” recession, which happens with some regularity […]

  • Key Events This Week: Things Quiet Down

    ZeroHedge - May 18th 2020 9:10am EDT

    Key Events This Week: Things Quiet Down Tyler Durden Mon, 05/18/2020 – 09:10 After several weeks of economic, political and corporate earnings, things finally quiet down this week as Q1 earnings season comes to an end with a handful of retailers (at least the ones that aren’t bankrupt yet) set to report. The main data […]

  • Oil Soars, Prompt WTI Contango Disappears As Chinese Oil Demand “Almost Back To Pre-Crisis Levels”

    ZeroHedge - May 18th 2020 8:53am EDT

    Oil Soars, Prompt WTI Contango Disappears As Chinese Oil Demand “Almost Back To Pre-Crisis Levels” Tyler Durden Mon, 05/18/2020 – 08:53 After plunging more than 20% in Q1 due to the economic shutdown from the coronavirus pandemic, Chinese oil demand is now “all but back to levels last seen before Beijing imposed a national lockdown […]

  • ‘Tidal Wave’ Of Delinquent Mortgages Set To Surpass Great Recession

    ZeroHedge - May 18th 2020 8:35am EDT

    ‘Tidal Wave’ Of Delinquent Mortgages Set To Surpass Great Recession Tyler Durden Mon, 05/18/2020 – 08:35 With nearly 4 million homeowners in some type of mortgage forbearance plan – representing 7.54% of all mortgages, delinquencies are set to eclipse the great recession which peaked at 10%. According to a new report from UK-based forecasting firm […]

  • Beware The CoronaNazis

    ZeroHedge - May 18th 2020 8:19am EDT

    Beware The CoronaNazis Tyler Durden Mon, 05/18/2020 – 08:19 Authored by Bill Blain via MorningPorridge.com, We learn and adapt quickly.  Business and markets are arbitraging government support packages and central bank QE Infinity to stay “insanely high” despite the massive economic hit of the virus. If the proverbial Martian visited the stock market today, he’d […]