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  • 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 […]

  • How Brokerage-App “Game-ification” Enticed A Generation Of Lemmings To Day-Trade This Market

    ZeroHedge - May 11th 2020 4:40pm EDT

    How Brokerage-App “Game-ification” Enticed A Generation Of Lemmings To Day-Trade This Market Millennial retail traders who have been piling into retail brokerage accounts over the past few months, desperate to capitalize on what many fear might be their last chance to buy stocks on the cheap. Stock positioning at free brokerage app Robinhood has become […]

  • White House Orders All Staff To Wear Face Masks ‘At All Times’

    ZeroHedge - May 11th 2020 4:04pm EDT

    White House Orders All Staff To Wear Face Masks ‘At All Times’ President Trump and Chief of Staff Mark Meadows have issued a memo to all who work in the West Wing that masks must be worn at all times inside the building except when at one’s desk, WSJ reports. The decision is notable since […]

  • Banks Battered, Bitcoin Bruised, As Big-Tech Buying-Spree Continues

    ZeroHedge - May 11th 2020 4:00pm EDT

    Banks Battered, Bitcoin Bruised, As Big-Tech Buying-Spree Continues The Nasdaq is now up over 40% off the March lows… As Nasdaq earnings continue to collapse… Source: Bloomberg Valuations are soaring back near record highs… Source: Bloomberg As world stocks ride the ‘white pony’ of central bank narcotics… Source: Bloomberg Because The Fed went full “Rick […]

  • Watch Live: Trump Holds Briefing After Pledging Just $11 Billion To States

    ZeroHedge - May 11th 2020 3:55pm EDT

    Watch Live: Trump Holds Briefing After Pledging Just $11 Billion To States President Trump and the White House task force will deliver a press conference Monday – what could be the first real team briefing since the task force ended their regular briefings two weeks ago – to talk about aid to help the states […]

  • The Fed Is Fueling A Revolt That It Cannot Control

    ZeroHedge - May 11th 2020 3:50pm EDT

    The Fed Is Fueling A Revolt That It Cannot Control Authored by Charles Hugh Smith via OfTwoMinds blog, It’s not that hard to forecast a populist revolt against the parasitic class that’s grown obscenely wealthy as a direct result of Fed policies. Under the tender care of the Federal Reserve, America’s wealth inequality has skyrocketed […]

  • China Quietly Drops Vow “Not To Flood Economy With Liquidity” As It Injects An April Record ¥3.1 Trillion In Credit

    ZeroHedge - May 11th 2020 3:20pm EDT

    China Quietly Drops Vow “Not To Flood Economy With Liquidity” As It Injects An April Record ¥3.1 Trillion In Credit In response to a world that has unleashed a record liquidity flood in the past two months, over the weekend China’s PBoC said in its quarterly monetary policy report that it will resort to “more […]

  • “We’re All Government-Sponsored Enterprises Now…”

    ZeroHedge - May 11th 2020 3:05pm EDT

    “We’re All Government-Sponsored Enterprises Now…” Authored by Scott Minerd, Global CIO, Guggenheim Investments, Eight weeks have passed since the Federal Open Market Committee held an extraordinary Sunday meeting and cut the fed funds rate to zero. Since then the Federal Reserve (Fed) and Congress have unleashed vast fiscal and monetary resources to support the economy […]

  • Meat Exports To China Soar As US Supplies Dwindle & Workers Risk COVID-19 Infection

    ZeroHedge - May 11th 2020 2:50pm EDT

    Meat Exports To China Soar As US Supplies Dwindle & Workers Risk COVID-19 Infection As wholesale beef prices exploded to record highs and President Trump ordered workers at meatpacking plants around the US to get back to work after COVID-19 outbreaks prompted ~1/3rd of them to close (as we explained at the time, meatpacking plants […]

  • iPhone Sales Crash 77% In April, Hammered By COVID-19 Lockdowns

    ZeroHedge - May 11th 2020 2:35pm EDT

    iPhone Sales Crash 77% In April, Hammered By COVID-19 Lockdowns KeyBanc Capital Markets outlines in a new report, using internal credit card data, that Apple’s iPhone sales recorded a “sharp decline” in April as coronavirus-related shutdowns crimped consumer spending and kept many of the company’s brick and mortar stores closed. The report says iPhone sales plunged 77% on a year-over-year […]

  • A New Reality: Pandemic-Induced Layoffs May Be Permanent  

    ZeroHedge - May 11th 2020 2:23pm EDT

    A New Reality: Pandemic-Induced Layoffs May Be Permanent   A new report from the University of Chicago found that pandemic-induced layoffs will result in permanent job loss, which shreds the Wall Street narrative of how many of these lost jobs will return once lockdowns are lifted. As if the Wall Street consensus has a damn clue about the […]