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  • China Says That If It Has To Pay For COVID-19, US Has To Pay For AIDS, 1918 Spanish Flu

    ZeroHedge - May 8th 2020 8:47am EDT

    China Says That If It Has To Pay For COVID-19, US Has To Pay For AIDS, 1918 Spanish Flu Authored by Steve Watson via Summit News, In its latest tirade against America, Chinese state media argued Thursday that if lawsuits are filed against the communist state by the US, then international lawsuits should be filed […]

  • Government Lockdowns Send US Unemployment To 14.7% to Fight a Flu

    ZeroHedge - May 8th 2020 8:33am EDT

    Worst Jobs Report In History: 20.5 Million Jobs Lost As Unemployment Rate Hits Record 14.7% While economic fundamentals ceased to matter about a month ago when the Fed went nuclear and not only injected trillions in the bond and repo market, but also directly backstopped the corporate bond market (with many expecting it will do […]

  • Companies Are Far More Terrified Than They Were In 2008

    ZeroHedge - May 8th 2020 8:30am EDT

    Companies Are Far More Terrified Than They Were In 2008 After aggregating data from Q1 conference calls, one thing appears to be clear: companies are far more scared now than they were during the global financial crisis.  Those were the findings of a new study by the Federal Reserve, which used a “machine-reading program” to […]

  • Rabobank On Negative Rate: If The US Is In That Much Trouble, Imagine How Much Trouble Everyone Else Is In

    ZeroHedge - May 8th 2020 8:15am EDT

    Rabobank On Negative Rate: If The US Is In That Much Trouble, Imagine How Much Trouble Everyone Else Is In Submitted by Michael Every of Rabobank 75 years ago, the Allies defeated Nazism. Today is VE (Victory in Europe) Day, and a Bank Holiday Friday for once in the UK. Following VE day and the […]

  • “We’re Going To Live With This For A Long Time” – Sweden’s Top Epidemiologist Defends COVID-19 Response: Live Updates

    ZeroHedge - May 8th 2020 8:04am EDT

    “We’re Going To Live With This For A Long Time” – Sweden’s Top Epidemiologist Defends COVID-19 Response: Live Updates On an otherwise quiet Friday morning, President Trump has announced that he will be interviewed on Fox & Friends beginning at 8amET, setting the president up to react to one of the most important data releases […]

  • Bad Look Of High Stock Prices & High Unemployment

    ZeroHedge - May 8th 2020 7:58am EDT

    Bad Look Of High Stock Prices & High Unemployment Via Global Macro Monitor, In less than an hour, the BLS will release the employment situation for April, which will illustrate the devastation the COVID crisis has inflicted on the U.S. labor market.  Since the crisis began 30 million plus American workers have filed for unemployment insurance, […]

  • Futures Jump Ahead Of Worst Unemployment Report In US History

    ZeroHedge - May 8th 2020 7:52am EDT

    Futures Jump Ahead Of Worst Unemployment Report In US History The US is about to report that it lost some 22 million (according to consensus) jobs in April, and potentially as much as 54 million, with the unemployment rate soaring in what will easily be the worst unemployment report in US history… … but futures […]

  • 1996 Court Filing Corroborates Biden Accuser’s Claim She Was Harassed

    ZeroHedge - May 8th 2020 7:00am EDT

    1996 Court Filing Corroborates Biden Accuser’s Claim She Was Harassed A court declaration from 1996 corroborates former Biden staffer Tara Reade’s claim that she was sexually harassed while working for him in 1993, according to the Sacramento Bee. The filing – made by Reade’s ex-husband Theodore Dronen while contesting a restraining order she filed against […]

  • Futures Jump As Trade Negotiators Vow To Save US-China Trade Deal

    ZeroHedge - May 8th 2020 6:30am EDT

    Futures Jump As Trade Negotiators Vow To Save US-China Trade Deal Futures are pointing to a higher open again Friday morning (though that hasn’t exactly worked out so well for bulls so far this week) following reports that a hastily-arranged phone call between American and Chinese trade negotiators has produced a commitment to “continue to […]

  • Father And Son Charged With Murder In Killing Of Ahmaud Arbery

    ZeroHedge - May 8th 2020 6:03am EDT

    Father And Son Charged With Murder In Killing Of Ahmaud Arbery The father-and-son duo caught on camera fatally shooting unarmed 25-year-old Ahmaud Arbery – who was out for a jog on a sunny day when he was suddenly confronted by the two men – have been arrested and charged in the controversial case, which has […]

  • Investors “Need To Be Mindful” As Bonds & Stocks Suffer “Biggest Disconnect”

    ZeroHedge - May 8th 2020 6:00am EDT

    Investors “Need To Be Mindful” As Bonds & Stocks Suffer “Biggest Disconnect” Since the early March lows, Global stock markets are up over 25%, global central bank sponsored liquidity is up over $3 trillion, and global sovereign bond prices are also up around 3%. As the chart below shows, bonds and stocks are sending drastically […]

  • From “Hopelessly F**ked To Just Sort Of Sh**ty” – One Trader Is Taking His Foot Off The Gas

    ZeroHedge - May 8th 2020 5:30am EDT

    From “Hopelessly F**ked To Just Sort Of Sh**ty” – One Trader Is Taking His Foot Off The Gas Via AdventuresInCapitlism.com, When I add a position, my first question is always the same; is there a way to hedge this? To most people, a hedge means buying puts or shorting an index, both of which have […]

  • Automakers In Chaos As Broke Rental Car Companies Stop Placing Orders For Vehicles

    ZeroHedge - May 8th 2020 4:55am EDT

    Automakers In Chaos As Broke Rental Car Companies Stop Placing Orders For Vehicles Recall, it was just weeks ago that we pointed out how a crash in used car prices could be putting significant pressure on the rental car industry. That is, obviously, in addition to the fact that nobody is traveling.  Since then, it has […]

  • Professor: Economic Impact Of Lockdown Will Cause More Deaths Than COVID-19

    ZeroHedge - May 8th 2020 4:20am EDT

    Professor: Economic Impact Of Lockdown Will Cause More Deaths Than COVID-19 Authored by Paul Joseph Watson via Summit News, Peter Nilsson, a professor of internal medicine and epidemiology at Lund University, warns that the economic devastation caused by lockdowns will cause more deaths than the coronavirus itself. Nilsson was commenting on Sweden’s approach to coronavirus, […]

  • China Daily Censors Opinion Article Written By EU Officials; Removes Any Mention Of China As Virus Origin

    ZeroHedge - May 8th 2020 3:45am EDT

    China Daily Censors Opinion Article Written By EU Officials; Removes Any Mention Of China As Virus Origin BuzzFeed’s Alberto Nardelli points out that the European Union failed to discuss edits, including the removal of references to the spread of COVID-19, in an op-ed jointly published by all 27 member states in a Chinese-owned newspaper.  Some European officials did not […]

  • Leading German Virologist: “COVID-19 Less Deadly Than We Thought”

    ZeroHedge - May 8th 2020 3:10am EDT

    Leading German Virologist: “COVID-19 Less Deadly Than We Thought” Via 21stCenturyWire.com, German scientist, Professor Hendrik Streeck has been studying groups of subjects in his country and has reached a number of compelling provisional findings regarding the viral behaviour of the new Coronavirus. Streeck also explains why he thinks that draconian ‘lockdown’ measures were decided in […]

  • COVID-19 Wreaks Economic Havoc Across Europe

    ZeroHedge - May 8th 2020 2:35am EDT

    COVID-19 Wreaks Economic Havoc Across Europe The European Commission has released its Spring 2020 Economic Forecast which shows that COVID-19 is wreaking havoc on Europe’s economy. The collective GDP of the EU-27 was expected to grow 1.2 percent this year but it is now forecast contract 7.4 percent due to the pandemic. By contrast, Statista’s Niall McCarthy notes that […]

  • “Moral Vacuum” Exposed – European Leaders Cower In The Face Of China

    ZeroHedge - May 8th 2020 2:00am EDT

    “Moral Vacuum” Exposed – European Leaders Cower In The Face Of China Authored by Soeren Kern via The Gatestone Institute, Australia and the United States are leading a campaign for an independent inquiry into the origins of the coronavirus pandemic. Senior officials in both countries are seeking to determine if the virus originated in nature […]

  • “Keep Them In A Bubble”: Army Unit Deploys To War Zone During COVID “New Normal”

    ZeroHedge - May 8th 2020 1:00am EDT

    “Keep Them In A Bubble”: Army Unit Deploys To War Zone During COVID “New Normal” On Monday Secretary of Defense Mark Esper said that for the Pentagon and armed services a “new normal” should be expected for “an extended period of time”. This after the Pentagon has now for many weeks been down to what’s essentially a […]

  • Technofascism: Digital Book-Burning In A Totalitarian Age

    ZeroHedge - May 7th 2020 11:45pm EDT

    Technofascism: Digital Book-Burning In A Totalitarian Age Authored by John Whitehead via The Rutherford Institute, “Those who created this country chose freedom. With all of its dangers. And do you know the riskiest part of that choice they made? They actually believed that we could be trusted to make up our own minds in the […]

  • Visualizing America’s Energy Use, in One Giant Chart

    ZeroHedge - May 7th 2020 11:25pm EDT

    Visualizing America’s Energy Use, in One Giant Chart Have you ever wondered where the country’s energy comes from, and how exactly it gets used? Well now, thanks to Visual Capitalist’s Jeff Desjardins, we have the answer as The Lawrence Livermore National Laboratory (LLNL) crunches the numbers every year, outputting an incredible flow diagram that covers […]

  • Masks In America: “Buffalo’d Into A Very Binary Way Of Thinking”

    ZeroHedge - May 7th 2020 11:05pm EDT

    Masks In America: “Buffalo’d Into A Very Binary Way Of Thinking” Authored by Daniel Klein via The American Institute for Economic Research, In response to my piece on Masks in Sweden, I received the following fascinating note, by James Cooper, reproduced with his permission, which compares the attitude in Sweden with that in the United States. […]

  • For Albert Edwards This Is The One Chart Proving Just How Insane The Market Has Become

    ZeroHedge - May 7th 2020 10:45pm EDT

    For Albert Edwards This Is The One Chart Proving Just How Insane The Market Has Become By now everyone has seen some version of this chart which we first presented a month ago and updated yesterday, demonstrating just how disconnected stocks are from reality. SocGen’s resident permabear (… for stocks, and permabull for bonds) Albert […]

  • Computer Model That Locked Down The World Turns Out To Be Sh*tcode

    ZeroHedge - May 7th 2020 10:25pm EDT

    Computer Model That Locked Down The World Turns Out To Be Sh*tcode Submitted by Mark E. Jeftovic, of Axis of Easy It was an Imperial College computer model that forecasted 500K deaths in the UK (and 2.5 million in the US) should policymakers pursue a “herd immunity” approach (a la Sweden), that influenced them to reverse course and go […]

  • US B-1B Bombers Again Fly Near Chinese Airspace Amid ‘New Cold War’ Threat

    ZeroHedge - May 7th 2020 10:05pm EDT

    US B-1B Bombers Again Fly Near Chinese Airspace Amid ‘New Cold War’ Threat It goes without saying that US-China relations have reached their lowest point in decades, with a former Trump administration trade official warning the spike in tensions brought on by the coronacrisis on the heels of the trade war has marked “the start […]