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  • Yields Surge After Treasury Announces Record $96BN In Treasury Refunding, Launches 20-Year Coupon Bond

    ZeroHedge - May 6th 2020 8:47am EDT

    Yields Surge After Treasury Announces Record $96BN In Treasury Refunding, Launches 20-Year Coupon Bond Two days after the Treasury announced it would sell a record $3 trillion (sorry, $2.999 trillion) in debt in the current quarter… … moments ago we got the details of what the upcoming helicopter money takeoff will look like when the […]

  • Texas Bar Owner, Quarantine Protesters Arrested After SWAT Team Swoops In

    ZeroHedge - May 6th 2020 8:45am EDT

    Texas Bar Owner, Quarantine Protesters Arrested After SWAT Team Swoops In A SWAT team in the western Texas town of Odessa arrested a bar owner and a group of armed men conducting a peaceful protest against the coronavirus lockdown on Monday, after police say they violated the state’s order to remain closed. According to Everything […]

  • “It’s Going To Get A Lot Worse” – Underestimating The Buba/ECB Split

    ZeroHedge - May 6th 2020 8:36am EDT

    “It’s Going To Get A Lot Worse” – Underestimating The Buba/ECB Split Authored by Bill Blain via The Morning Porridge, “Let us sing more cheerful songs, more songs full of joy!” I am wondering if my FT App is broken? I opened it this morning and the front pages of the Pink Un didn’t rate […]

  • Oil Suddenly Crashes After Jobs Report

    ZeroHedge - May 6th 2020 8:27am EDT

    Oil Suddenly Crashes After Jobs Report It would appear no one told the machines that ADP would report a devastatingly ugly jobs print this morning… Oil started sliding earlier but the ‘better than expected’ ADP print actually seemed to spark a panic puke for some reason ahead of this morning’s EIA inventory/production report.     […]

  • “Unprecedented” – Companies Slashed Over 20 Million Jobs In April, ADP

    ZeroHedge - May 6th 2020 8:19am EDT

    “Unprecedented” – Companies Slashed Over 20 Million Jobs In April, ADP Given the fact that over 30 million Americans have filed for initial jobless claims in the last six weeks, it is perhaps no surprise that economists expected a 20.5 million ADP job loss in April. In fact, silver lining, the number ‘beat’ with 20.236 […]

  • ‘Everything Is Fixed’: China Sees 0 New Coronavirus Cases As Brussels Warns Outbreak Could Destroy EU: Live Updates

    ZeroHedge - May 6th 2020 7:33am EDT

    ‘Everything Is Fixed’: China Sees 0 New Coronavirus Cases As Brussels Warns Outbreak Could Destroy EU: Live Updates Summary: China reports 0 new cases Brussels warns of massive contractions, virus threatens EU Russia reports 10k+ cases for 4th day in a row Volkswagen reports China sales may near pre-corona targets for 2020 NYC subway closes […]

  • Here Is The “Achilles Heel” Of The Fed’s ETF Buying Program

    ZeroHedge - May 6th 2020 7:29am EDT

    Here Is The “Achilles Heel” Of The Fed’s ETF Buying Program Last Friday, Bank of America and Jeff Gundlach opened a can of worms when they pointed out two things: i) that the Fed had not yet bought a single corporate bond under its month-old Secondary Market Corporate Credit Facility and ii) that it’s time […]

  • Mysterious Coronavirus-Linked Syndrome Spreads From London To New York

    ZeroHedge - May 6th 2020 6:30am EDT

    Mysterious Coronavirus-Linked Syndrome Spreads From London To New York An unusually deadly coronavirus-linked respiratory syndrome initially observed among a cluster of children in the UK has apparently popped up in New York City, according to local media reports. ABC 7 says a group of 15 children in NYC have been hospitalized with unusual symptoms similar […]

  • “Where’s The Beef?” – Not On The Horizon!

    ZeroHedge - May 6th 2020 6:00am EDT

    “Where’s The Beef?” – Not On The Horizon! Authored by Tom Luongo via Gold, Goats, ‘n Guns blog, The reports continue to come in that there’s a real problem with the U.S. food supply. From McDonald’s reviewing their supply chain for beef to the pleas of ranchers already staring at feeding issues with last year’s […]

  • “Winter-Like Chill” Targets East For Mother’s Day Weekend 

    ZeroHedge - May 6th 2020 5:30am EDT

    “Winter-Like Chill” Targets East For Mother’s Day Weekend  Warming weather trends across the US over the last week forced many people out of their homes and into parks and beaches, to only ignore the government enforced stay-at-home public health orders. Now there’s a blast of frigid air that is expected to bring record-low temperatures in some areas for […]

  • While Brits Are On Lockdown, 100,000 People From Abroad Arrive At Airports Every Week

    ZeroHedge - May 6th 2020 5:00am EDT

    While Brits Are On Lockdown, 100,000 People From Abroad Arrive At Airports Every Week Authored by Paul Joseph Watson via Summit News, While Brits remain on lockdown and most domestic flights are cancelled, it has been revealed that 100,000 people are arriving at British airports from abroad every single week. The detail was revealed in […]

  • Zimbabwe Begs For Aid To Avoid “Collapse”

    ZeroHedge - May 6th 2020 4:15am EDT

    Zimbabwe Begs For Aid To Avoid “Collapse” Zimbabwe finds itself in economic dire straits. Again. The South African nation which previously wiped out its debt with a historic round of hyperinflation, is trying a different approach this time and is pleading with international institutions to help it eliminate billions of dollars in debt so the […]

  • Masks In Sweden

    ZeroHedge - May 6th 2020 3:30am EDT

    Masks In Sweden Authored by Daniel Klein via The American Institute for Economic Research, I have been puzzling over attitudes about masks and other facial coverings, particularly in Sweden. Here I use “mask” to mean also a scarf or any other kind of covering over one’s mouth and nose. In early March 2020, at the […]

  • Ferrari Touts “Strong Order Book”, Expects To Outperform In 2H 2020 Despite Auto Industry Implosion

    ZeroHedge - May 6th 2020 2:45am EDT

    Ferrari Touts “Strong Order Book”, Expects To Outperform In 2H 2020 Despite Auto Industry Implosion If there’s one topic we have covered widely since the coronavirus pandemic started, it has been the collapse of the auto industry. Over the last week we have detailed how used car prices will likely cripple what little interest in […]

  • France To Use Existing Surveillance Grid To Enforce Social Distancing, Mask Wearing; Report

    ZeroHedge - May 6th 2020 2:00am EDT

    France To Use Existing Surveillance Grid To Enforce Social Distancing, Mask Wearing; Report Authored by Steve Watson via Summit News, France will use its existing network of surveillance cameras to monitor how many people are wearing masks and track how citizens are complying with social distancing after its coronavirus lockdown is eased next week, according […]

  • Chinese Buyers Flee Hong Kong Real Estate In Major Hit To World’s Priciest Property Market

    ZeroHedge - May 6th 2020 1:00am EDT

    Chinese Buyers Flee Hong Kong Real Estate In Major Hit To World’s Priciest Property Market Mainland Chinese are no fools. They’re shunning commercial real estate deals in Hong Kong as a deep recession unfolds.  According to Bloomberg, citing a new CBRE Group Inc. report, there were no mainland Chinese buyers for property transactions greater than HK$77 […]

  • Escobar: Get Ready For The Next Game-Changer – The Gold-Backed Digital Yuan

    ZeroHedge - May 6th 2020 12:05am EDT

    Escobar: Get Ready For The Next Game-Changer – The Gold-Backed Digital Yuan Authored by Pepe Escobar via The Strategic Culture Foundation, A new, radical paradigm shift is in progress. The U.S. economy may shrink as much as 40% in the first semester of 2020. China, already the world’s largest economy by PPP for a few years now, […]

  • California Liberals Using Corona-Crisis To Transform State

    ZeroHedge - May 5th 2020 11:45pm EDT

    California Liberals Using Corona-Crisis To Transform State California liberals – the majority of lawmkers, have been ‘propelled by the urgency of the coronavirus crisis’ in order to enact various facets of their agenda, according to the New York Times. In addition to letting nearly 10,000 inmates out of overcrowded jails and prisons over the last […]

  • Twitter’s New Rules Urging Users Not To Curse Will Likely Spark Another Wave Of Censorship

    ZeroHedge - May 5th 2020 11:25pm EDT

    Twitter’s New Rules Urging Users Not To Curse Will Likely Spark Another Wave Of Censorship Twitter – the very same platform that suspended us permanently for accurately predicting that the Wuhan Institute of Virology was likely at the middle of the ongoing global pandemic – is now taking its censorship to ludicrous levels. The service is […]

  • Researcher On Cusp Of COVID-19 Breakthrough Killed In Bizarre Murder-Suicide

    ZeroHedge - May 5th 2020 11:05pm EDT

    Researcher On Cusp Of COVID-19 Breakthrough Killed In Bizarre Murder-Suicide A University of Pittsburgh researcher working on a coronavirus project was fatally shot on Saturday at his home in Ross Township, while associate Hao Gu, 46, was found dead in a car approximately 100 yards away of what appeared to be a self-inflicted gunshot. The […]

  • America Doesn’t Have A Justice System Anymore

    ZeroHedge - May 5th 2020 10:45pm EDT

    America Doesn’t Have A Justice System Anymore Authored by Kurt Schlichter via Townhall.com, The good news is that you might get out of future jury duty, because when you are asked under oath about your own biases during a federal criminal case jury selection you would have to answer honestly by responding, “Your Honor, I […]

  • “We Ask For Help But It Never Comes”: Dead Are Left To Rot, Then Buried In Mass Graves, As Coronavirus Overwhelms Brazil

    ZeroHedge - May 5th 2020 10:25pm EDT

    “We Ask For Help But It Never Comes”: Dead Are Left To Rot, Then Buried In Mass Graves, As Coronavirus Overwhelms Brazil Because of its size – both geographically and population-wise, as well as its economic heft – Brazil is often compared to the US. And when it comes to the progression of the coronavirus, […]

  • GOP: China Has Infiltrated US Higher Education To Impede Coronavirus Research

    ZeroHedge - May 5th 2020 10:05pm EDT

    GOP: China Has Infiltrated US Higher Education To Impede Coronavirus Research Authored by Steve Watson via Summit News, Congressional Republicans are accusing China of attempting to hinder US coronavirus research by infiltrating US universities and spreading communist propaganda. Reuters reports that ranking GOP members across seven House committees have delivered a letter to Education Secretary Betsy […]

  • What’s Really Driving Market Performance: A Look At Return Decomposition

    ZeroHedge - May 5th 2020 10:04pm EDT

    What’s Really Driving Market Performance: A Look At Return Decomposition Now that it is common knowledge that “The Market is Now Just Five Stocks” as we first put it over a month ago, with Goldman clarifying that the five largest S&P 500 stocks  – MSFT, AAPL, AMZN, GOOGL, FB – accounted for 20% of index […]

  • “Bracing For The Worst Crash Of Their Careers”: A Quarter Of All Outstanding CMBS Debt Is On Verge Of Default

    ZeroHedge - May 5th 2020 9:45pm EDT

    “Bracing For The Worst Crash Of Their Careers”: A Quarter Of All Outstanding CMBS Debt Is On Verge Of Default Last week we reported that according to the latest TREPP remittance data compiled by Morgan Stanley, a record 66 CMBS loans totaling $1.0bn became newly delinquent in April, which was the greatest month-over-month change. In […]