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  • New Mexico Governor Quarantines Entire City, Closes All Roads That Lead Into Town

    ZeroHedge - May 4th 2020 10:50pm EDT

    New Mexico Governor Quarantines Entire City, Closes All Roads That Lead Into Town Today in “monitoring your civil liberties” news… Taking a page out of the Wuhan coronavirus playbook, one New Mexico city has invoked the state’s Riot Control Act to lock down the entire city of Gallup, shutting down all roads leading into the city. […]

  • Beef Prices Explode To Record High As More Stores Limit Meat Purchases

    ZeroHedge - May 4th 2020 10:31pm EDT

    Beef Prices Explode To Record High As More Stores Limit Meat Purchases Just a few days ago we marveled as wholesale beef prices had soared over 60% from their February lows to a record $331 per 100 pounds. Well, that was then, because today alone, the wholesale price soared by 8.6% or $32.60 to a […]

  • It Is Not Our Ignorance That Will Kill Us, But Our Arrogance

    ZeroHedge - May 4th 2020 10:30pm EDT

    It Is Not Our Ignorance That Will Kill Us, But Our Arrogance Authored by Peter Boettke via The American Institute for Economic Research, Ignorance isn’t bliss. Ignorance is horrible. When the social reform movement in the late 19th and early 20th century emerged it took aim at five giants: want (poverty), ignorance (education), disease (public health), squalor […]

  • Renters Now Have 12 Months To Repay Unpaid Rent In Santa Monica

    ZeroHedge - May 4th 2020 10:10pm EDT

    Renters Now Have 12 Months To Repay Unpaid Rent In Santa Monica In a move that is undoubtedly going to cause chaos for landlords in Santa Monica, the city extended its moratorium on residential and commercial evictions to June 30 and extended from six to twelve months the time tenants have to pay rent they were […]

  • After Cuomo, Clintons And Newsom Call For ‘Army Of Contact Tracers’ To Monitor Citizens, DC Posts Job Openings For ‘Trace Force’

    ZeroHedge - May 4th 2020 9:50pm EDT

    After Cuomo, Clintons And Newsom Call For ‘Army Of Contact Tracers’ To Monitor Citizens, DC Posts Job Openings For ‘Trace Force’ After former President Clinton, NY Governor Cuomo, Chelsea Clinton and CA Governor Newsom called for an ‘army of contact tracers’ to monitor citizens who have tested positive for COVID-19 and their contacts, Washington DC […]

  • Here Is JPMorgan’s Latest Trade Idea: Buy Bond ETFs Before The Fed Does

    ZeroHedge - May 4th 2020 9:26pm EDT

    Here Is JPMorgan’s Latest Trade Idea: Buy Bond ETFs Before The Fed Does It’s strange how capital markets work under central planning. As a reminder, late on Friday Jeff Gundlach tweeted something which we had observed just one day earlier, namely that “the Fed has not actually bought any Corporate Bonds via the shell company […]

  • The Pseudo-Science Behind The Mysterious Assault On Hydroxychloroquine

    ZeroHedge - May 4th 2020 9:10pm EDT

    The Pseudo-Science Behind The Mysterious Assault On Hydroxychloroquine Authored by Leo Goldstein via WattsUpWithThat.com, This is a research article published as information for health care professionals and public officials, and for an open peer review. It is not medical advice. Summary I reviewed the scientific literature on hydroxychloroquine (HCQ), azithromycin (AZ), and their use for […]

  • Trump Administration “Turbocharging” Efforts To Grapple Global Supply Chains From China 

    ZeroHedge - May 4th 2020 8:50pm EDT

    Trump Administration “Turbocharging” Efforts To Grapple Global Supply Chains From China  President Trump’s trade war is back. It’s an election year, and the efforts by the administration to ‘turbocharge’ an initiative to deglobalize that world by removing critical supply chains from China could be seen with new rounds of tariffs to strike Beijing for its handling […]

  • America Is A Technocracy, Not A Democracy

    ZeroHedge - May 4th 2020 8:30pm EDT

    America Is A Technocracy, Not A Democracy Authored by Ryan McMaken via The Mises Institute, Perhaps never before in American history have the unelected technocrats played such an enormous role in shaping public policy in America… In recent weeks, members of Congress have been missing in action. Late last month, the House of Representatives passed the […]

  • Why A New Diplomatic Crisis With China Is Critical For Trump If He Wants To Be Re-elected

    ZeroHedge - May 4th 2020 8:10pm EDT

    Why A New Diplomatic Crisis With China Is Critical For Trump If He Wants To Be Re-elected Amid all the discussion of whether (or not) it is time to reopen the economy, and take the potential risk of a second wave of infections and deaths resulting in what could be a far more devastating second […]

  • Advanced Russian Radar System Discovered Near Israeli Border: Report

    ZeroHedge - May 4th 2020 7:50pm EDT

    Advanced Russian Radar System Discovered Near Israeli Border: Report Via AlMasdarNews.com, A Russian publication reported this week that the Russian Armed Forces have deployed their Resonance radar system in an area near the Israeli border. According to the NZIV publication, the Russian Resonance radar was identified in two locations in the eastern Mediterranean region, including […]

  • Supreme Court Cases Go ‘Remote’ Over Fears Of Ageing Justices; Already Beset By Audio ‘Hiccups’

    ZeroHedge - May 4th 2020 7:30pm EDT

    Supreme Court Cases Go ‘Remote’ Over Fears Of Ageing Justices; Already Beset By Audio ‘Hiccups’ How long before all branches of government and federal agencies stop meeting in person? Is it perhaps an overly hasty, drastic and dangerous precedent Constitutionally speaking? This rush to move all proceedings to online ‘remote’ interaction – even the highest levels of […]

  • A Message From The Ministry Of COVID-Compliance

    ZeroHedge - May 4th 2020 7:10pm EDT

    A Message From The Ministry Of COVID-Compliance Authored by ‘Sundance’ via The Burning Platform blog, The Ministry of Covid Compliance is reminding us this week how the virus has a genetic targeting mechanism able to differentiate between essential cans of vegetables, bottles of liquor, lottery tickets and non-essential products like sneakers and paint.  Thus the […]

  • Despite China’s “Reopening”, Global Smartphone Market Suffers Record Crash In Shipments

    ZeroHedge - May 4th 2020 6:50pm EDT

    Despite China’s “Reopening”, Global Smartphone Market Suffers Record Crash In Shipments For months China has tried to convince the world through official economic data that it has successfully achieved a V-shaped recovery, though alternative data has shown otherwise. In the latest confirmation, China’s economy has not stabilized but instead continues to drown in economic turmoil are signs […]

  • The Crisis Experts Are Themselves The Crisis

    ZeroHedge - May 4th 2020 6:30pm EDT

    The Crisis Experts Are Themselves The Crisis Authored by John Tamny via RealClearMarkets.com, Assuming there’s a 2020 NFL season and Anthony Fauci attends a Washington Redskins game, it’s not unreasonable to suggest that Fauci will be the smartest individual at the stadium. Some say his intelligence is formidable. At the same time, Fauci’s mental capacity […]

  • Daily Briefing – May 4, 2020

    ZeroHedge - May 4th 2020 6:14pm EDT

    Daily Briefing – May 4, 2020   Ash Bennington hosts Real Vision’s Managing Editor Ed Harrison to discuss recent developments in markets, macro, and the coronavirus crisis. Today, Bennington and Harrison discuss Warren Buffett and his statements at the Berkshire Hathaway Annual Shareholders Meeting, the state of the airline industry, and the risks and limitations […]

  • Watch: What It’s Like To Be Stung By An Asian “Murder Hornet”

    ZeroHedge - May 4th 2020 6:10pm EDT

    Watch: What It’s Like To Be Stung By An Asian “Murder Hornet” Seemingly overnight, another horror has emerged from the deep jungle recesses of Asia to invade the nightmares of squeamish North Americans: the Asian (or Japanese) Giant Hornet – better known as the “Murder Hornet”. The hornet’s nicknamed is derived from three qualities, the […]

  • WeWork Founder & Ex-Billionaire Adam Neumann Sues SoftBank For Renegging On $3 Billion Buyout

    ZeroHedge - May 4th 2020 6:00pm EDT

    WeWork Founder & Ex-Billionaire Adam Neumann Sues SoftBank For Renegging On $3 Billion Buyout As was widely expected, WeWork co-founder and ex-billionaire Adam Neumann has sued SoftBank – the one-time biggest backer of Neumann’s former firm – over its decision to reneg on a $3 billion payment, setting the stage for a “The Social Network”-style […]

  • Hertz Hurts! Car-Renter Shares Routed On Reports Restructuring Adviser Hired

    ZeroHedge - May 4th 2020 5:34pm EDT

    Hertz Hurts! Car-Renter Shares Routed On Reports Restructuring Adviser Hired It would appear an already over-levered car-rental business is not “essential”? Just days after The Wall Street Journal reported that Hertz is preparing for a possible bankruptcy filing after the rental-car company failed to make lease payments to preserve cash amid the Covid-19 pandemic, the […]

  • Neiman Marcus Nears Deal With Lenders To Join J Crew, JC Penney In Bankruptcy

    ZeroHedge - May 4th 2020 5:31pm EDT

    Neiman Marcus Nears Deal With Lenders To Join J Crew, JC Penney In Bankruptcy It’s the coronavirus outbreak’s latest – and perhaps its biggest – retail casualty. Neiman Marcus is joining J Crew and JC Penney in restructuring as the department store – a class of retailer that has been particularly hard-hit by the outbreak […]

  • Victoria Dumped: L Brands Plunges After Agreeing To Terminate LBO Deal With Sycamore

    ZeroHedge - May 4th 2020 4:55pm EDT

    Victoria Dumped: L Brands Plunges After Agreeing To Terminate LBO Deal With Sycamore Victoria’s Secret parent L Brands is plunging after hours after announcing it had reached a mutual agreement with Sycamore Partners to terminate their previously announced going private transaction. The announcement comes ten days after  Victoria was dumped – for the first time […]

  • Offices Will Never Look The Same In Post-COVID World Of Plexiglass & Temperature Checks

    ZeroHedge - May 4th 2020 4:45pm EDT

    Offices Will Never Look The Same In Post-COVID World Of Plexiglass & Temperature Checks When Americans finally return to their business parks, complexes, skyscrapers, and ultimately their desks for ‘regular’ in-person work to resume, it will be a much different world.  A recent Bloomberg exploration of just what the typical American office worker can expect imagines […]

  • Mexico’s Economy Is Disintegrating

    ZeroHedge - May 4th 2020 4:43pm EDT

    Mexico’s Economy Is Disintegrating While few have lofty expectations for economic performance with the global economy still largely shutdown, what is happening in Mexico is simply unprecedented. Here are some striking observations detailing the unprecedented economic collapse of the southern US neighbor, courtesy of Goldman. Business confidence declined sharply in April (the seventh consecutive monthly […]

  • “Ordinary Americans Are Going To Get Super-Pissed…”

    ZeroHedge - May 4th 2020 4:25pm EDT

    “Ordinary Americans Are Going To Get Super-Pissed…” Authored by James Howard Kunstler via Kunstler.com, Spring is popping now with a ferocious energy that can only remind the sullenly sequestered masses that life is going on without them. Every living thing is busy making-and-doing out there, except the poor humans, idled without work or purpose. That won’t last […]

  • ‘Investors’ Ignore Mumbling 90-Year-Old Omaha Man – BTFD As Buffett Sells

    ZeroHedge - May 4th 2020 4:01pm EDT

    ‘Investors’ Ignore Mumbling 90-Year-Old Omaha Man – BTFD As Buffett Sells It’s not just airlines… Here’s the real reason why billionaire investing ‘genius’ Warren Buffett didn’t spend one penny of his massive cash pile as stocks plunged at record pace… according to his favorite broad market indicator, US stocks have never been more expensive… Source: […]