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  • 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 […]

  • California Man Arrested 3 Times In 12 Hours But Repeatedly Released Due To Zero-Bail Policy

    ZeroHedge - May 5th 2020 1:30pm EDT

    California Man Arrested 3 Times In 12 Hours But Repeatedly Released Due To Zero-Bail Policy Authored by Jonathan Turley, There are have been various accounts of criminals who were released due to the pandemic only to quickly commit serious criminal acts. However, few have gone as viral as Dijon Landrum, 24.   Landrum succeeded in being arrested […]

  • ‘Believe Women’ Is Now ‘Believe Obama’

    ZeroHedge - May 5th 2020 1:00pm EDT

    ‘Believe Women’ Is Now ‘Believe Obama’ Authored by W.J.Astore via BracingViews.com, Joe Biden has a history of getting up close and personal – but Obama says it’s OK, according to Tom Perez Tara Reade’s allegations of sexual assault against Joe Biden have generated a spate of hypocrisy, special pleading, and revealing responses like Nancy Pelosi’s statement that “Joe Biden is […]

  • Bank Of America: Buying Stocks Here Only Makes Sense If The Fed Is Buying Them Too

    ZeroHedge - May 5th 2020 12:45pm EDT

    Bank Of America: Buying Stocks Here Only Makes Sense If The Fed Is Buying Them Too One week after Bank of America’s Benjamin Bowler showed the one indicator that convinced him that another crash is coming, today the equity derivatives strategist doubles down on his bearish outlook and writes that with valuations currently near tech-bubble […]

  • Ron Paul: The Fed Is Far More Lethal Than COVID-19

    ZeroHedge - May 5th 2020 12:30pm EDT

    Ron Paul: The Fed Is Far More Lethal Than COVID-19 Authored by Ron Paul via The Ron Paul Institute for Peace & Prosperity, Last week the Federal Reserve announced it will keep interest rates at or near zero until the economy recovers from the government-imposed shutdown. Following this announcement, Federal Reserve Chairman Jerome Powell urged […]

  • China Slams ‘Evil Liar’ Pompeo Over Wuhan Lab ‘Nonsense’

    ZeroHedge - May 5th 2020 12:15pm EDT

    China Slams ‘Evil Liar’ Pompeo Over Wuhan Lab ‘Nonsense’ Secretary of State Mike Pompeo must be over the target, as he’s been taking massive amounts of flack from Chinese state media after he said there was “enormous evidence” that the COVID-19 pandemic started in a Wuhan laboratory where scientists were experimenting with coronavirus. In a […]

  • These Are The Top 8 Things Goldman Is Watching As The Economy Reopens

    ZeroHedge - May 5th 2020 12:00pm EDT

    These Are The Top 8 Things Goldman Is Watching As The Economy Reopens Authored by Goldman economist Zach Pandl 1. Virus transmission through reopening still a major source of two-sided risk. In our view the most important risks to confidence in a reversal of economic damage are medical in nature. The key unknown, in our […]

  • A Fifth Of Wendy’s Restaurants Said To Be Out Of Beef As Shortage Spreads

    ZeroHedge - May 5th 2020 11:49am EDT

    A Fifth Of Wendy’s Restaurants Said To Be Out Of Beef As Shortage Spreads Rolling meat shortages are now underway in the US. We warned several weeks ago that this would begin in the first half of May as a crisis unfolds at the nation’s meat processing plants due to coronavirus outbreaks.  At the moment, the food […]

  • In Uncharted Territory: Are You Really Buying At These Valuations?

    ZeroHedge - May 5th 2020 11:30am EDT

    In Uncharted Territory: Are You Really Buying At These Valuations? Via Global Macro Monitor, More than his words, he spoke with his wallet. He usually relishes a down stock market to take advantage of lower prices. Not this time. He hadn’t made any purchases recently; he didn’t buy up stocks when they had fallen last […]

  • Ex-NBC Producer Says NY Attorney General Investigating Sexual Misconduct Claims; Slams Outgoing Chairman Andy Lack

    ZeroHedge - May 5th 2020 11:15am EDT

    Ex-NBC Producer Says NY Attorney General Investigating Sexual Misconduct Claims; Slams Outgoing Chairman Andy Lack Former NBC News producer Rich McHugh slammed his former network following the departure of NBC News/MSNBC chairman Andy Lack. Lack and NBC News president Noah Oppenheim came under fire after trying to kill negative reports about Harvey Weinstein by Ronan […]

  • Elvis Was King, Ike Was President, & 116,000 Americans Died In A Pandemic

    ZeroHedge - May 5th 2020 10:55am EDT

    Elvis Was King, Ike Was President, & 116,000 Americans Died In A Pandemic Authored by Jeffrey Tucker via The American Institute for Economic Research, The year was 1957.  Elvis’s new movie “Jailhouse Rock” was packing the theaters. The last episode of “I Love Lucy” aired on television. The show “West Side Story” held tryouts in […]

  • Venezuela Captures Two American “Mercenaries” Involved In Failed ‘Invasion’ Attempt

    ZeroHedge - May 5th 2020 10:35am EDT

    Venezuela Captures Two American “Mercenaries” Involved In Failed ‘Invasion’ Attempt An astounding and unexpected development which is about to launch US regime change efforts in Venezuela straight back into the headlines. The Maduro government says it has captured two Americans who were leading a ‘Rambo-style’ armed coup effort. CNN reports:  Venezuelan President Nicolas Maduro says two American […]

  • Trump Slams Beijing, Says Dr. Fauci Will Testify To Senate

    ZeroHedge - May 5th 2020 10:31am EDT

    Trump Slams Beijing, Says Dr. Fauci Will Testify To Senate President Trump is speaking to a group of reporters and has just confirmed that contrary to the administration’s earlier decision, Dr. Fauci will make time in his busy schedule to testify to the Senate (not the Democrat-controlled House). He also shared some thoughts on “very […]

  • US Universities Creating Social-Credit-Style COVID-Surveillance System

    ZeroHedge - May 5th 2020 10:15am EDT

    US Universities Creating Social-Credit-Style COVID-Surveillance System Authored by Steve Watson via Summit News, Three US universities are responding to the coronavirus crisis by creating (irony of all ironies) a Chinese style social credit surveillance system that will ‘score’ people based on their exposure to the virus. According to a report from Tech site dot.LA, researchers at the University […]

  • ISM/PMI Surveys Signal Q1 Collapse In US GDP “Will Be Dwarfed By What’s To Come”

    ZeroHedge - May 5th 2020 10:05am EDT

    ISM/PMI Surveys Signal Q1 Collapse In US GDP “Will Be Dwarfed By What’s To Come” ISM’s data continues to lag Markit’s (due to the utter farce of supplier delivery reversals not being factored as a devastatingly bad thing in the former). Markit Manufacturing 36.1 (record low) Markit Services 26.7 (record low) ISM Manufacturing 41.5 (not […]

  • New York Confirms Another 1,700 Unreported Nursing Home Deaths Caused By COVID-19

    ZeroHedge - May 5th 2020 9:58am EDT

    New York Confirms Another 1,700 Unreported Nursing Home Deaths Caused By COVID-19 Yesterday, Gov. Cuomo was urging local officials across his state to start preparing for the reopening on May 15. On Tuesday, state health officials reported another 1,700 previously unreported deaths from America’s nursing homes and adult-care facilities. The revision follows a similar update […]