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  • Fed Will Start Buying Bond ETFs Tuesday; Blackrock To Make Over $15 Million In Fees

    ZeroHedge - May 11th 2020 11:31pm EDT

    Fed Will Start Buying Bond ETFs Tuesday; Blackrock To Make Over $15 Million In Fees Last Monday, in response to a Gundlach tweet in which the bond king said “I am told the Fed has not actually bought any Corporate Bonds via the shell company set up to circumvent the restrictions of the Federal Reserve […]

  • “OBAMAGATE!” Trump Tweets Tucker Carlson’s Crushing Breakdown Why The Former President Should Be Panicking

    ZeroHedge - May 11th 2020 11:25pm EDT

    “OBAMAGATE!” Trump Tweets Tucker Carlson’s Crushing Breakdown Why The Former President Should Be Panicking Why is former President Obama calling forth all his defensive resources now?  Why did former national security advisor Susan Rice write her CYA letter?  Why have republicans in congress not been willing to investigate the true origins of political surveillance?  What […]

  • New Orleans Uses Prison Labor After Garbagemen Go On Strike

    ZeroHedge - May 11th 2020 11:05pm EDT

    New Orleans Uses Prison Labor After Garbagemen Go On Strike Dozens of striking New Orleans garbagemen who are demanding hazard pay and paid sick leave due to the coronavirus have been replaced by inmates from a nearby prison, according to Payday Report. The workers were employed by the temp service People Ready, which contracts with […]

  • As COVID-19 Spreads In Meat Plants, 200 USDA Inspectors Test Positive

    ZeroHedge - May 11th 2020 10:45pm EDT

    As COVID-19 Spreads In Meat Plants, 200 USDA Inspectors Test Positive Authored by Lillianna Byington of FoodDive, Summary: A U.S. Agriculture Department spokesperson told Food Dive that 197 field employees in the Food Safety and Inspection Service ​are absent from work after testing positive for coronavirus and 120 FSIS employees are under self-quarantine due to contact […]

  • Disinfecting Drones Could Be MLB’s Solution To Reopen Stadiums

    ZeroHedge - May 11th 2020 10:25pm EDT

    Disinfecting Drones Could Be MLB’s Solution To Reopen Stadiums A startup in New York must be closely watching the response efforts seen in Asia and Europe because any country decimated by the virus tends to deploy an army of robot drones with sprayer devices to disinfect public areas. These drones have been seen in China, South Korea, Italy, Spain, Germany, […]

  • Yuan, Futures Slide After Trump Orders Retirement Fund Investment In Chinese Stocks Blocked

    ZeroHedge - May 11th 2020 10:07pm EDT

    Yuan, Futures Slide After Trump Orders Retirement Fund Investment In Chinese Stocks Blocked Having threatened last week that “COVID reparation” would be paid one way or another – and following Peter Navarro’s comments echoing the same rhetoric this morning – FOX Business reports that President Trump is moving ahead with his plans to block a government […]

  • PBOC To Cut Rates Next: China CPI Huge Miss, PPI Prints At 4 Year Low

    ZeroHedge - May 11th 2020 10:07pm EDT

    PBOC To Cut Rates Next: China CPI Huge Miss, PPI Prints At 4 Year Low Heading into today’s Chinese inflation print, the bond market was sending a mixed message: while consensus expected that China’s economy would be hit hard by the coronavirus pandemic, the yield on China’s government bonds climbed to the highest level in […]

  • Snyder: It’s Much Worse Than You Are Being Told

    ZeroHedge - May 11th 2020 10:05pm EDT

    Snyder: It’s Much Worse Than You Are Being Told Authored by Michael Snyder via The Economic Collapse blog, For a long time I warned that our economic bubble would burst and that we would plunge into a nightmarish economic collapse.  Now it has happened, and it turns out that fear of COVID-19 was the “black […]

  • How To Get A Free Hotel Stay (And Free Drugs) In San Francisco

    ZeroHedge - May 11th 2020 9:45pm EDT

    How To Get A Free Hotel Stay (And Free Drugs) In San Francisco Even as San Francisco ushers its homeless population into ritzy hotels (at city expense), the city’s streets – particularly in districts like the Tenderloin – have seen a growing number of tents pitched by the homeless. And according to a lawsuit filed […]

  • CrowdStrike Had No Evidence Of Russians Stealing Emails From DNC, Declassified Transcript Shows

    ZeroHedge - May 11th 2020 9:25pm EDT

    CrowdStrike Had No Evidence Of Russians Stealing Emails From DNC, Declassified Transcript Shows Authored by Ivan Pentchoukov via The Epoch Times, The cybersecurity firm that investigated and remediated the alleged hack of the Democratic National Committee’s servers in 2016 found no direct evidence that hackers stole any data or emails, according to a newly declassified interview […]

  • Futures Slide After China Escalates Trade War With Australia, Imposes Beef Import Ban Over Coronavirus Origin Probe

    ZeroHedge - May 11th 2020 9:11pm EDT

    Futures Slide After China Escalates Trade War With Australia, Imposes Beef Import Ban Over Coronavirus Origin Probe At the end of April, China sparked a diplomatic row after it threatened Australia with an economic hit if it doesn’t stop investigating the origins, and Beijing handling, of the coronavirus pandemic. As a reminder, Chinese Ambassador Cheng […]

  • Modern Alchemy: This Is How Wall Street Converts A Portfolio Of 96% Junk Loans Into 87% Investment Grade Bonds

    ZeroHedge - May 11th 2020 9:05pm EDT

    Modern Alchemy: This Is How Wall Street Converts A Portfolio Of 96% Junk Loans Into 87% Investment Grade Bonds There is a reason why so much attention has fallen on Collateralized Loan Obligations since the March market crash, and it has more to do than merely why an AAA-rated CLO recently breached its overcollateralization test, […]

  • McGovern: Twin Pillars Of Russiagate Crumble

    ZeroHedge - May 11th 2020 8:45pm EDT

    McGovern: Twin Pillars Of Russiagate Crumble Authored by Ray McGovern via ConsortiumNews.com, House Intelligence Committee documents released Thursday reveal that the committee was told two and half years ago that the FBI had no concrete evidence that Russia hacked Democratic National Committee computers to filch the DNC emails published by WikiLeaks in July 2016. The until-now-buried, closed-door […]

  • Luxury Real Estate Suffers Price Declines, Suffocated By Social Distancing And Lockdowns 

    ZeroHedge - May 11th 2020 8:25pm EDT

    Luxury Real Estate Suffers Price Declines, Suffocated By Social Distancing And Lockdowns  Deutsche Bank published a new note this week, suggesting its global forecast “has turned decidedly gloomier…[M]uch of the world has struggled mightily with the virus, and the economic fallout…we now see global GDP falling 10% in Q2 and remaining well below pre-virus levels through most […]

  • China’s State-Run Media Claims COVID “Data Revision” Is “Common International Practice”

    ZeroHedge - May 11th 2020 8:05pm EDT

    China’s State-Run Media Claims COVID “Data Revision” Is “Common International Practice” Authored by Jennie Taer via SaraACarter.com, China’s State-run news channel CGTN issued a “fact check” Monday claiming that the coronavirus “data revision in Wuhan” is “common international practice.” The Chinese government, however, according to U.S. officials, has withheld key information from the world about the virus from the […]

  • Carnival Cruise Bookings Surge 600% After August Relaunch Announcement

    ZeroHedge - May 11th 2020 7:45pm EDT

    Carnival Cruise Bookings Surge 600% After August Relaunch Announcement Many eyes are on the cruise line industry as it reels from the impacts of coronavirus. And, as The Winglest reports here, too, things are starting to look up because last week, Carnival Cruise Lines announced it was scheduling its return to the sea for August […]

  • Grenell Takes Action To ‘Unmask’ Obama Officials Involved In Unmasking Scandal

    ZeroHedge - May 11th 2020 7:25pm EDT

    Grenell Takes Action To ‘Unmask’ Obama Officials Involved In Unmasking Scandal Richard Grenell, President Trump’s acting Director of National Intelligence who successfully pressured Adam Schiff (D-CA) into releasing bombshell transcripts from the Russia investigation, is now after former officials from the Obama administration involved in the so-called “unmasking” of former National Security Adviser Michael Flynn during […]

  • Martin Armstrong Explains Why No Democrat Will Admit The Truth About COVID-19

    ZeroHedge - May 11th 2020 6:45pm EDT

    Martin Armstrong Explains Why No Democrat Will Admit The Truth About COVID-19 Authored by Martin Armstrong via ArmstrongEconomics.com, QUESTION:  Why are the democrats refusing to address the recent information which confirms that COVID-19 has a death rates of less than 1%? Why do they continue to try to scare people and pass acts to invade […]

  • Daily Briefing – May 11, 2020

    ZeroHedge - May 11th 2020 6:32pm EDT

    Daily Briefing – May 11, 2020   Real Vision’s Ash Bennington and Managing Editor Ed Harrison discuss Raoul’s Expert View, “Global Recession – What’s Next?”, which was released today. Bennington and Harrison then take a deep dive into the real economy with a special focus on the risks posed by debt deflation. The pair also […]

  • Boris Johnson: There May ‘Never’ Be A COVID-19 Vaccine

    ZeroHedge - May 11th 2020 6:25pm EDT

    Boris Johnson: There May ‘Never’ Be A COVID-19 Vaccine UK Prime Minister Boris Johnson has warned that a coronavirus treatment or vaccine may be more than a year away – and in fact may never arrive, according to a 60-page ‘Covid-19 recovery strategy’ document which details how the UK plans to emerge from lockdown. “A […]

  • With The World Distracted By COVID-19, A Series Of Large Earthquakes Is Rocking “The Ring Of Fire”

    ZeroHedge - May 11th 2020 6:10pm EDT

    With The World Distracted By COVID-19, A Series Of Large Earthquakes Is Rocking “The Ring Of Fire” Authored by The End of The American Dream blog, Within the past several days, large earthquakes have been striking all along the outer rim of the Pacific Ocean, and many are wondering if all of this activity could […]

  • As Russia Now Has World’s 3rd Most COVID-19 Cases, Med Students Being Thrown To Front Lines

    ZeroHedge - May 11th 2020 5:40pm EDT

    As Russia Now Has World’s 3rd Most COVID-19 Cases, Med Students Being Thrown To Front Lines Coming off multiple record numbers in daily coronavirus case jumps, including another record increase of 11,656 new infections on Monday, Russia briefly reached the grim achievement of ranking as the third most infected country in the world, behind the United States […]

  • What I Learned During The COVID Crisis

    ZeroHedge - May 11th 2020 5:25pm EDT

    What I Learned During The COVID Crisis Authored by Daisy Luther via The Organic Prepper blog, The COVID-19 crisis has affected just about every family in the United States in some way or another. All of our situations are unique and everyone I’ve spoken to has learned some lessons about their levels of preparedness. Some […]

  • “We’re At War, Make No Mistake” – White House Official Blasts China Over COVID-Contagion

    ZeroHedge - May 11th 2020 5:10pm EDT

    “We’re At War, Make No Mistake” – White House Official Blasts China Over COVID-Contagion Outspoken White House official Peter Navarro cranked up the anti-China rhetoric to ’11’ this morning, telling Fox News that the US is currently “at war” with China: “We are at war, make no mistake about that. The Chinese unleashed a virus […]

  • NIRP Panic Fades, But Here’s One Reason Why The Fed May Have No Other Choice

    ZeroHedge - May 11th 2020 4:54pm EDT

    NIRP Panic Fades, But Here’s One Reason Why The Fed May Have No Other Choice After last week’s negative rate scare, which hammered the dollar as fed fund futures traded above par as close as the November contract… … suggesting markets were pricing in negative rates in just 6 months – prompting much confusion in […]