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  • Immunity-Segregation, Outdoor Classes, & Quarantine-Dorms: US College Campuses Prepare To Reopen

    ZeroHedge - May 5th 2020 7:25pm EDT

    Immunity-Segregation, Outdoor Classes, & Quarantine-Dorms: US College Campuses Prepare To Reopen “There will be changes for sure.” That’s the message from one college president as he reflects on what is to come as university students (hopefully) head back to (or enter for the first time) campus life in the fall. Student sits with her belongings […]

  • The Bare Necessities: Federal Court Rules That Strip Clubs Are Entitled To Pandemic Loans

    ZeroHedge - May 5th 2020 7:05pm EDT

    The Bare Necessities: Federal Court Rules That Strip Clubs Are Entitled To Pandemic Loans Authored by Jonathan Turley, We recently discussed the controversy when a Nevada brothel filed for pandemic stimulus money as a small business forced to suspend operation.  Now, U.S. District Judge Lynn Adelman has ruled (correctly) that the owners of four Silk Exotic Gentleman’s Clubs in […]

  • It’s Now Virtually Impossible To Get Bank Credit As Lending Standards Soar

    ZeroHedge - May 5th 2020 6:45pm EDT

    It’s Now Virtually Impossible To Get Bank Credit As Lending Standards Soar Two weeks ago we pointed out something concerning:shortly after JPMorgan reported that its loan loss provision surged five fold to over $8.2 billion for the first quarter, the biggest quarterly increase since the financial crisis, in preparation for the biggest wave of commercial […]

  • Tempers Flare Over Lockdown, Masks, & Money: Is All-Out Civil Unrest About To Erupt?

    ZeroHedge - May 5th 2020 6:25pm EDT

    Tempers Flare Over Lockdown, Masks, & Money: Is All-Out Civil Unrest About To Erupt? Authored by Daisy Luther via The Organic Prepper blog, Across the nation, tempers are flaring over the continued lockdowns in many parts of America, and also on the requirement to wear masks in public. I wrote previously about the possibility of civil […]

  • Daily Briefing – May 5, 2020

    ZeroHedge - May 5th 2020 6:22pm EDT

    Daily Briefing – May 5, 2020   Real Vision’s Ash Bennington and Tony Greer, editor of Morning Navigator, discuss recent market action. Bennington and Greer discuss price action in the S&P 500, whipsawing oil markets, and the reopening of the US economy. Real Vision’s Peter Cooper discusses shifts in consumer spending over the last few […]

  • Coronavirus Mutates Into Now-Dominant, More Contagious Form As Doctors Ponder ‘East Coast vs. West Coast’ Strains

    ZeroHedge - May 5th 2020 6:05pm EDT

    Coronavirus Mutates Into Now-Dominant, More Contagious Form As Doctors Ponder ‘East Coast vs. West Coast’ Strains A new study from Los Alamos National Laboratory has revealed a new, now-dominant strain of the coronavirus which appears to be more contagious, according to the authors. Meanwhile, doctors in the United States are wondering if the harder-hit East […]

  • Enjoy Your Future; We’re Spending It Now

    ZeroHedge - May 5th 2020 5:45pm EDT

    Enjoy Your Future; We’re Spending It Now Authored by Michael Muharrey via SchiffGold.com, Welcome to your future. Your government is spending it right now. And your children’s and grandchildren’s future to boot… The US Treasury plans to borrow $2.99 trillion in the second quarter. The Treasury also plans to borrow another $677 billion in the July-September quarter, bringing […]

  • Lazard Warns Of “Cascading” Bankruptcies Without More Stimulus

    ZeroHedge - May 5th 2020 5:25pm EDT

    Lazard Warns Of “Cascading” Bankruptcies Without More Stimulus While mass corporate bankruptcies are a dismal sign for the US economy, leading to sharp declines in living standards as formerly zombie companies finally succumb to their fate letting millions of people go in the process, they are also a cause of celebration for financial and legal […]

  • 18 Signs That We’re Facing A Record Breaking Economic Implosion In 2020

    ZeroHedge - May 5th 2020 5:05pm EDT

    18 Signs That We’re Facing A Record Breaking Economic Implosion In 2020 Authored by Michael Snyder via The Economic Collapse blog, In just six weeks, the entire global economy has completely come apart. All over the world we are seeing numbers fall faster than we ever have before, and the outlook for the rest of […]

  • Scientist Whose Doomsday Models Sparked Global Lockdown Resigns After Breaking Quarantine To Bang Married Lover

    ZeroHedge - May 5th 2020 4:45pm EDT

    Scientist Whose Doomsday Models Sparked Global Lockdown Resigns After Breaking Quarantine To Bang Married Lover Professor Neil Ferguson – whose dire coronavirus predictions prompted worldwide lockdown measures still in place – broke his own advice on the need for strict social distancing to hook up with his married lover, according to the Telegraph. Neil Ferguson […]

  • WTI Extends Huge Gains Despite Bigger-Than-Expected Crude Build

    ZeroHedge - May 5th 2020 4:36pm EDT

    WTI Extends Huge Gains Despite Bigger-Than-Expected Crude Build More optimism on re-opening demand and following a Genscape report on Cushing stocks, oil prices have exploded higher in recent days, especially that front-month WTI contract (and Brent tags $30)… President Trump tweeted his enthusiasm for higher gas prices this morning: “Oil prices moving up nicely as […]

  • Disney Earnings Plunge 63% As Theme Parks Close

    ZeroHedge - May 5th 2020 4:29pm EDT

    Disney Earnings Plunge 63% As Theme Parks Close Walt Disney reported earnings of 60 cents a share, below the consensus estimate of 86-cent and down 63% from the $1.61 the company earned a year ago. Pretax income cratered 85% from $7.2BN to Just $1.1BN. The huge income and EPS hit took place despite a 21% […]

  • “We’re In A Global Recession” – Fed’s Clarida Spoils Today’s Economy-Ignoring Surge In Stocks

    ZeroHedge - May 5th 2020 3:59pm EDT

    “We’re In A Global Recession” – Fed’s Clarida Spoils Today’s Economy-Ignoring Surge In Stocks The Nasdaq 100 has been green for 2020 for a week and the broader Nasdaq Composite got close today as the fantastic five stocks lift the index against all rationality. Source: Bloomberg As CALSTRS CIO Ailman noted earlier: “this market is […]

  • “The Bull Market’s Over” – Largest US Teachers Retirement Fund CIO Warns “We’re Far From Out Of The Woods”

    ZeroHedge - May 5th 2020 3:45pm EDT

    “The Bull Market’s Over” – Largest US Teachers Retirement Fund CIO Warns “We’re Far From Out Of The Woods” “The bull market’s over” warns Chris Ailman, CIO of CalSTRS – the largest teachers retirement fund in the US, and the 11th largest public pension fund in the world – “and we’re in a bear market…” […]

  • Airbnb To Lay Off 1,900 Employees As Tourism Industry Collapses  

    ZeroHedge - May 5th 2020 3:34pm EDT

    Airbnb To Lay Off 1,900 Employees As Tourism Industry Collapses   Update (1544ET): As per Bloomberg, here’s part of the email Airbnb CEO Officer Brian Chesky wrote to employees: “We are collectively living through the most harrowing crisis of our lifetime, and as it began to unfold, global travel came to a standstill,” the email said. “Airbnb’s business has been hit hard, with […]

  • Knock, Knock. We’re From The Government & We Want Your Family’s Blood

    ZeroHedge - May 5th 2020 3:30pm EDT

    Knock, Knock. We’re From The Government & We Want Your Family’s Blood Authored by Adam Dick via The Ron Paul Institute for Peace & Prosperity, Talk about creepy… The Georgia Department of Public Health has announced that it, the United Sates Centers for Disease Control and Prevention (CDC), and county health boards are together sending teams […]

  • Junk Bond Leverage Hits Record High As “Fed Rewards The Worst Abusers”

    ZeroHedge - May 5th 2020 3:15pm EDT

    Junk Bond Leverage Hits Record High As “Fed Rewards The Worst Abusers” A quarter of issuers in the broad Russell 3000 index have reported their Q1 results so far, with an average Y/Y EPS drop of 12% (this figure is not materially different between large and small caps, with the former segment at -11% and […]

  • Oil Soars 20%, Hits Goldman’s Q3 Target 4 Months Early, But Here Comes June Maturity

    ZeroHedge - May 5th 2020 3:12pm EDT

    Oil Soars 20%, Hits Goldman’s Q3 Target 4 Months Early, But Here Comes June Maturity Just two trading days after Goldman flipped bullish on oil, saying that “it now appears likely that the market is passing its test on storage capacity” and hiking its oil price forecasts to $25/$30 for Q2/Q3 Brent, and sees WTI […]

  • How Long Can Biden Stay In His Basement?

    ZeroHedge - May 5th 2020 3:00pm EDT

    How Long Can Biden Stay In His Basement? Authored by Patrick Buchanan via Buchanan.org, Where Barack Obama achieved notoriety for “leading from behind,” Joe Biden, these last two months, has been leading from the basement. And, one must add, doing so quite successfully. Since his rout of Bernie Sanders on Super Tuesday, Biden has led […]

  • White House Plans To “Wind Down” Coronavirus Task Force In Coming Weeks

    ZeroHedge - May 5th 2020 2:54pm EDT

    White House Plans To “Wind Down” Coronavirus Task Force In Coming Weeks In case the dire projections published yesterday by the NYT didn’t scare you enough, the NYT’s Maggie Haberman reports that the White House is planning to “wind down” the federal coronavirus task force without a “clear idea” of what – “if anything” – […]

  • The Creator Of The Bond Volatility Index Reveals When The Fed Will Finally Lose Control

    ZeroHedge - May 5th 2020 2:45pm EDT

    The Creator Of The Bond Volatility Index Reveals When The Fed Will Finally Lose Control In his latest ad hoc investing note “Where Is The Folder”, the legendary creator of the MOVE bond volatility index and the iconic Merrill Lynch RateLab, Harley Bassman, opines on the coronavirus pandemic and wonders how the United States could […]

  • Unemployment Kills: The Longer Lockdowns Last, The Worse It Will Get

    ZeroHedge - May 5th 2020 2:30pm EDT

    Unemployment Kills: The Longer Lockdowns Last, The Worse It Will Get Authored by Ryan McMaken via The Mises Institute, Fed chairman Jerome Powell on Wednesday announced the economic data now coming out “is worse than any data we have seen for the economy.” This is due in part to to twenty years of stimulus-driven economic growth based […]

  • DoJ Charges 2 Men In First Fraud Case Tied To Small Business Bailout Program

    ZeroHedge - May 5th 2020 2:15pm EDT

    DoJ Charges 2 Men In First Fraud Case Tied To Small Business Bailout Program In what appears to be the first case of its kind, two men from Rhode Island have been charged by federal prosecutors with attempting to defraud the SBA-Treasury joint “Paycheck Protection Program” – the first actual prosecution following whispers of widespread […]

  • Yet Another University Shuts Down Chinese Communist Party-Funded Confucious Institute

    ZeroHedge - May 5th 2020 2:00pm EDT

    Yet Another University Shuts Down Chinese Communist Party-Funded Confucious Institute Authored by Arik Schneider via CampusReform.org, The University of California-Davis announced Tuesday plans to close the Confucius Institute on campus. The institute, which opened in 2013, is set to close effective August 15. The closure comes as U.S. officials debate the proper course of action […]

  • Amazon VP Quits “In Dismay” Over Bezos’ “Chickensh*t Firing Of Whistleblowers”

    ZeroHedge - May 5th 2020 1:45pm EDT

    Amazon VP Quits “In Dismay” Over Bezos’ “Chickensh*t Firing Of Whistleblowers” While Amazon warehouse employees were striking on May Day, a top engineer at Amazon Web Services (AWS) “quit in dismay” over the company’s “firing of whistleblowers who were making noise about warehouse employees frightened of Covid-19.”  In a blog post titled “Bye, Amazon,” Tim Bray, a distinguished engineer at […]