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  • COVID-America: 73,400 Dead; 33 Million Jobless; Stocks Soaring

    ZeroHedge - May 7th 2020 8:33am EDT

    COVID-America: 73,400 Dead; 33 Million Jobless; Stocks Soaring Following a 1576.9% YoY surge in job cuts, according to Challenger, Gray, and Christmas… Source: Bloomberg It’s not a huge surprise that the string of huge spikes in jobless claims continues. In the last week 3.169 million Americans filed for unemployment benefits for the first time (slightly […]

  • BoE Warns Of Worst Economic Slump In 300 Years 

    ZeroHedge - May 7th 2020 8:23am EDT

    BoE Warns Of Worst Economic Slump In 300 Years  The Bank of England’s Monetary Policy Committee (MPC) “voted unanimously” to keep the banking rate at 0.1% and left its bond-buying program unchanged despite the country’s worst economic slump in 300 years, caused by coronavirus lockdowns.  MPC voted 7-2 to leave its bond-buying program unchanged at £645 billion. Two of its […]

  • New Coronavirus Cases Surge To Highest Level In 2 Weeks: Live Updates

    ZeroHedge - May 7th 2020 8:23am EDT

    New Coronavirus Cases Surge To Highest Level In 2 Weeks: Live Updates As more US states and countries move ahead with reopening their economies, Johns Hopkins said it had recorded the largest number of new coronavirus infections worldwide on Wednesday in two weeks, the latest sign that reopening economies has led to a slight pickup […]

  • Futures Soar On Chinese Exports, Trade Talk Optimism, Oil Spike

    ZeroHedge - May 7th 2020 8:22am EDT

    Futures Soar On Chinese Exports, Trade Talk Optimism, Oil Spike It’s been a while since we used the headline “Futures surge on trade talk optimism” but here we are again. US equity futures rebounded from Wednesday’s slump, climbing alongside stocks in Europe on Thursday following an unexpected jump in Chinese exports and, drumroll, optimism of […]

  • LBMA Gold Price Benchmark Ignores Market Conditions, Short-Changing Investors

    ZeroHedge - May 7th 2020 8:09am EDT

    LBMA Gold Price Benchmark Ignores Market Conditions, Short-Changing Investors Submitted by Ronan Manly, BullionStar.com As the gaping spread between London (LBMA) spot gold prices and front-month COMEX gold futures prices persists for a sixth week triggered by the bullion bank EFP liquidity blow up on Monday 23 March 2020, one unappreciated aspect of this gold […]

  • Oil Surges After Saudis Slash Price Discounts In Bid To Prop Up Market

    ZeroHedge - May 7th 2020 7:48am EDT

    Oil Surges After Saudis Slash Price Discounts In Bid To Prop Up Market After slumping much of yesterday, Brent soared on Thursday morning, after Saudi Arabia stepped in to prop up the recovery in the energy market by raising crude prices for its customers worldwide. Saudi Aramco increased pricing for most of its grades for shipment […]

  • BoE Tees Up Another £100bn In QE

    ZeroHedge - May 7th 2020 7:27am EDT

    BoE Tees Up Another £100bn In QE Authored by George Buckley of Nomura Today’s Bank of England decision to leave interest rates and the asset purchase target unchanged is not a surprise. After all, official rates are already at what the BoE considers to be their effective lower bound, and at its current pace the […]

  • Top Trade Negotiators From US, China To Meet As Trump Threatens To Scrap Deal

    ZeroHedge - May 7th 2020 7:10am EDT

    Top Trade Negotiators From US, China To Meet As Trump Threatens To Scrap Deal As we noted earlier, Secretary Mnuchin was clearly dealing with some serious stress last night as President Trump stormed about the possibility of cancelling the US-China trade pact,  fuming about the uncertainty surrounding whether China plans to honor the agreement. As […]

  • “What Have You Done For The Country Lately?” – Steve Mnuchin And Axl Rose Are Beefing On Twitter

    ZeroHedge - May 7th 2020 6:28am EDT

    “What Have You Done For The Country Lately?” – Steve Mnuchin And Axl Rose Are Beefing On Twitter Secretary Steven Mnuchin took a quick break from pleading with President Trump not to unilaterally withdraw from the US-China ‘Phase 1′ trade pact to pick a twitter fight with Guns N’ Roses frontman Axl Rose Wednesday night. […]

  • Turkey Has Recruited 11,000 Mostly Syrian Mercenaries To Fight In Libya: Report

    ZeroHedge - May 7th 2020 5:00am EDT

    Turkey Has Recruited 11,000 Mostly Syrian Mercenaries To Fight In Libya: Report Via AlMasdarNews.com, The Syrian Observatory for Human Rights (SOHR), based in Britain, reported that the number of mercenaries recruited by Turkey to fight in Libya had risen to about 11,000, including 261 killed in combat. Libyan war file image, via AFP/Bloomberg The observatory […]

  • US Navy Sends Warships Into ‘Russia’s Gulf Of Mexico’ For First Time Since Cold War

    ZeroHedge - May 7th 2020 4:15am EDT

    US Navy Sends Warships Into ‘Russia’s Gulf Of Mexico’ For First Time Since Cold War The US has decided that the right time to stage its first operations in the far northern Barents Sea since the Cold War is while itself and much of the globe remains locked down by a pandemic.  “U.S. Navy surface […]

  • 18 Million People Entered The UK As The COVID-19 Pandemic Was Raging

    ZeroHedge - May 7th 2020 3:30am EDT

    18 Million People Entered The UK As The COVID-19 Pandemic Was Raging Authored by Paul Joseph Watson via Summit News, 18 million people entered the UK in the three months before lockdown with hardly any of them undergoing health screenings or being put into quarantine, it has been revealed. “Only 273 people out of 18.1million […]

  • 20 Years Of Putin

    ZeroHedge - May 7th 2020 2:45am EDT

    20 Years Of Putin Today, May 7, 2020, marks twenty years since Vladimir Putin first assumed office as President of Russia and, as this infographic shows, he will have served 24.7 years in power by the end of his current stint in 2024. You will find more infographics at Statista As Statista’s Martin Armstrong notes, […]

  • COVID-19 “Nonsense” Is Exposing Britain’s Once-Reliable Office Of National Statistics

    ZeroHedge - May 7th 2020 2:00am EDT

    COVID-19 “Nonsense” Is Exposing Britain’s Once-Reliable Office Of National Statistics Authored by Iain Davis via Off-Guardian.org, The mortality statistics for COVID 19 have been incessantly hammered into our heads by the mainstream media (MSM). Every day they report these hardest of facts to justify the lockdown (house arrest) and to prove to us that living in abject […]

  • China Readies Unveiling Of Stealth Nuclear Bomber Capable Of Reaching LA

    ZeroHedge - May 7th 2020 1:00am EDT

    China Readies Unveiling Of Stealth Nuclear Bomber Capable Of Reaching LA President Trump is preparing to ‘turbocharge’ deglobalization by removing critical supply chains from China could be seen with new rounds of tariffs to strike Beijing. Heighten tensions between Washington and Beijing are expected to develop over the summer months as the “evolution of the pandemic and economic crash […]

  • America’s Design Causes It To Fail The COVID-19 Challenge

    ZeroHedge - May 6th 2020 11:45pm EDT

    America’s Design Causes It To Fail The COVID-19 Challenge Authored by Eric Zuesse via The Strategic Culture Foundation, America isn’t the only country which is so corrupt as to stand at or near the top of the global coronavirus-infection rankings, but, as the June 2020 issue of The Atlantic headlines, “We Are Living in a Failed State: The coronavirus didn’t break […]

  • California County To Remove COVID-19 Patients From Homes Based On ‘Living Situation’ — Will Place In ‘Other Kinds Of Housing’

    ZeroHedge - May 6th 2020 11:25pm EDT

    California County To Remove COVID-19 Patients From Homes Based On ‘Living Situation’ — Will Place In ‘Other Kinds Of Housing’ Officials in Ventura County, California will be expanding coronavirus testing, tracking the infected and those who they’ve been in contact with, and moving people out of their homes and into specialized housing for COVID-19 patients. […]

  • Poseidon Multi-Purpose Oceanic System And Russian Undersea Warfare

    ZeroHedge - May 6th 2020 11:05pm EDT

    Poseidon Multi-Purpose Oceanic System And Russian Undersea Warfare Submitted by SouthFront, The Poseidon has been described as a “nuclear torpedo”, which is true in at least one sense, namely its propulsion. The Poseidon is, by all accounts, powered by a nuclear reactor which makes it a submersible equivalent of the Burevestnik nuclear-powered cruise missile, with […]

  • ‘We Have To Adjust To New Reality’ – Pandemic Leads To Surge In Americans Drinking At Home

    ZeroHedge - May 6th 2020 10:45pm EDT

    ‘We Have To Adjust To New Reality’ – Pandemic Leads To Surge In Americans Drinking At Home Alcohol sales for home consumption jumped $2 billion more since the start of March than last year, while a top beer producer said the increase in sales at home would not offset lost ones seen at restaurants and bars.  A […]

  • Beijing May Dump US Treasuries In Response To US Hostility, Start Its Own QE: Chinese Media

    ZeroHedge - May 6th 2020 10:41pm EDT

    Beijing May Dump US Treasuries In Response To US Hostility, Start Its Own QE: Chinese Media In response to recent media speculation that as the blame game over the origins of the coronavirus pandemic escalates the US may cancel some of its $1.1 trillion debt owed to China, the South China Morning Post reported today […]

  • Your Genes May Determine Whether COVID-19 Puts You In Hospital Or Not

    ZeroHedge - May 6th 2020 10:25pm EDT

    Your Genes May Determine Whether COVID-19 Puts You In Hospital Or Not Authored by Austin Nguyen, Abhinav Nellore, and Reid Thompson via The Conversation, When some people become infected with the coronavirus, they only develop mild or undetectable cases of COVID-19. Others suffer severe symptoms, fighting to breathe on a ventilator for weeks, if they survive […]

  • Putin’s Approval Rating Hits Historic Low As 3 Cabinet Members Infected

    ZeroHedge - May 6th 2020 10:05pm EDT

    Putin’s Approval Rating Hits Historic Low As 3 Cabinet Members Infected Over the past decade, poll after poll in Russia has found President Vladimir Putin to be by far the most popular leader in modern Russia’s relatively short history (since the collapse of the USSR). He’s also of course been the longest ruling, currently serving his fourth […]

  • This Is What New Normal Looks Like After The Pandemic

    ZeroHedge - May 6th 2020 9:48pm EDT

    This Is What New Normal Looks Like After The Pandemic Authored by Bloomberg macro commentator Ye Xie The biggest market news Wednesday was the steepening of the Treasury yield curve as the government boosted planned sales of long-term debt to fund a $4 trillion deficit this year. With short-term rates possibly staying near zero for the next […]

  • The Art Of Survival, Part 1: Taoism & ‘Warring States’

    ZeroHedge - May 6th 2020 9:45pm EDT

    The Art Of Survival, Part 1: Taoism & ‘Warring States’ Authored by Charles Hugh Smith via OfTwoMinds blog, Longtime correspondent Paul B. suggested I re-publish three essays that have renewed relevance. This is the first essay, from June 2008. Thank you, Paul, for the suggestion. I’m not trying to be difficult, but I can’t help […]

  • Captured US Mercenary Says In Video ‘Confession’ Trump Ordered Plot To “Abduct” Maduro

    ZeroHedge - May 6th 2020 9:25pm EDT

    Captured US Mercenary Says In Video ‘Confession’ Trump Ordered Plot To “Abduct” Maduro The nutty ‘Bay of Pigs invasion Venezuela edition’ which appears to have been an utter failure and half-baked scheme nearly from the start just took a few more bizarre turns. Two days after Venezuelan armed forces captured two US former special forces soldiers turned mercenaries […]