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  • The Fed’s Balance Sheet Will Expand By 38% Of GDP, More Than Double QE1, 2 And 3 Combined

    ZeroHedge - May 3rd 2020 7:50pm EDT

    The Fed’s Balance Sheet Will Expand By 38% Of GDP, More Than Double QE1, 2 And 3 Combined Authored by Chetan Ahya, chief Morgan Stanley economist and global head of economics The 1Q GDP data releases for the US and euro area this week provide official confirmation of what we have known for some time […]

  • There Is Now A Record 375 Million Barrels Of Oil Stored On Tankers

    ZeroHedge - May 3rd 2020 7:25pm EDT

    There Is Now A Record 375 Million Barrels Of Oil Stored On Tankers Last weekend we showed that as oil storage on land was rapidly filling up, a familiar sight was seen off the coast of Asia’s oil hub in Singapore: a record surge in tankers on anchor used as seaborne storage, and taking advantage […]

  • Stocks, Yuan, Oil Are All Tumbling As Asia Opens

    ZeroHedge - May 3rd 2020 7:01pm EDT

    Stocks, Yuan, Oil Are All Tumbling As Asia Opens No Buffett buying spree, and no Federal bailout #4 (or is it 6?)… and the result – in admittedly thin liquidity – is US equity futures, crude oil futures, and offshore yuan are all dumping as Asian markets open… Dow futures are down over 350 points… […]

  • “Passive Aggressive Flows”: The Oil Whale

    ZeroHedge - May 3rd 2020 7:00pm EDT

    “Passive Aggressive Flows”: The Oil Whale Authored by Ryan Fitzmaurice of Rabobank Passive aggressive flows Summary The recent and erratic moves in oil prices have highlighted the growing influence and significant impact passive funds can have on commodity and financial markets The rise of commodity ETFs over the past decade has led to a surge […]

  • David Stockman On The Three Nations Of COVID, & A Windbag Named Fauci

    ZeroHedge - May 3rd 2020 6:10pm EDT

    David Stockman On The Three Nations Of COVID, & A Windbag Named Fauci Authored by David Stockman via Contra Corner blog, If you don’t think our so-called mainstream rulers has gone off the deep end, just consider New York Mayor Bill de Blasio’s recent menacing tweets to the orthodox Jewish community in Brooklyn, which has […]

  • The FAAMGs Are Up 10% In 2020; The Remaining 495 S&P Stocks Are Down 13%

    ZeroHedge - May 3rd 2020 5:49pm EDT

    The FAAMGs Are Up 10% In 2020; The Remaining 495 S&P Stocks Are Down 13% One week ago, Goldman triggered a selloff in growth and momentum stocks, when it pointed out that  the five largest S&P 500 stocks, the FAAMGS (or MSFT, AAPL, AMZN, GOOGL, FB) have risen to account for 20% of index market […]

  • Indifference To Illegality Of Illinois’ Stay-At-Home Order Is Frightening

    ZeroHedge - May 3rd 2020 5:20pm EDT

    Indifference To Illegality Of Illinois’ Stay-At-Home Order Is Frightening Authored by Mark Glennon via Wirepoints.org, Over two thousand years ago, Marcus Tullius Cicero devoted his life to a struggle to preserve the best of the Roman Republic – constitutional checks on power, the rule of law and, to a significant degree for the age, democracy […]

  • Newsom Says California Went From Surplus To ‘Tens Of Billions In Deficit’ In Weeks, Won’t Get By Without Federal Help

    ZeroHedge - May 3rd 2020 4:55pm EDT

    Newsom Says California Went From Surplus To ‘Tens Of Billions In Deficit’ In Weeks, Won’t Get By Without Federal Help California Governor Gavin Newsom (D) says the nation’s most populous state has flipped from ‘tens of billions in surplus’ to deficits over the course of weeks. “Last year I did a May revise with a […]

  • Of Tin-Foil Hats & Radical Uncertainty

    ZeroHedge - May 3rd 2020 4:30pm EDT

    Of Tin-Foil Hats & Radical Uncertainty Authored by Mark Jeftovich via Guerilla-Capitalism.com, This is part of the ongoing Jackpot Chronicles, looking at four possible Coronavirus scenarios or lenses… The last instalment was “Force Majeure”, which posited a complete breakdown in seemingly permanent institutions. As it may turn out, these seemingly immovable edifices may not survive this economic […]

  • China Using Alleged BuzzFeed Pedo’s Wuhan Lab Article For Propaganda War Against United States

    ZeroHedge - May 3rd 2020 4:05pm EDT

    China Using Alleged BuzzFeed Pedo’s Wuhan Lab Article For Propaganda War Against United States Remember BuzzFeed senior writer and boy band aficionado Ryan Broderick – who wrote in January that we ‘doxed’ a Chinese scientist who we ‘falsely accused of creating the coronavirus as a bioweapon’? We didn’t – the information was publicly available, the […]

  • Tadawful: Saudi Stocks Crash After FinMin Warns Of “Biggest Crisis In Decades”

    ZeroHedge - May 3rd 2020 3:56pm EDT

    Tadawful: Saudi Stocks Crash After FinMin Warns Of “Biggest Crisis In Decades” It looks like the dead bat bounce is over. Yesterday we cautioned that “Selling in May” may be a good risk strategy for 2020, and for traders in Saudi Arabia that warning is already being validated with Saudi stocks plunging the most in […]

  • Stock-To-Flow Creator Says Bitcoin Is “Not A Toy Anymore”

    ZeroHedge - May 3rd 2020 3:40pm EDT

    Stock-To-Flow Creator Says Bitcoin Is “Not A Toy Anymore” Authored by Benjamin Pirus via CoinTelegraph.com, PlanB, the pseudonymous creator of Bitcoin’s stock-to-flow model, explained Bitcoin’s journey from a proof-of-concept to a mainstream financial asset. image courtesy of CoinTelegraph Crypto analyst and Twitter personality, PlanB, recently said Bitcoin is serious business as he recapped the asset’s […]

  • Investing Legend Sees A Second Great Depression For Stocks By 2023

    ZeroHedge - May 3rd 2020 3:15pm EDT

    Investing Legend Sees A Second Great Depression For Stocks By 2023 The name of Kiril Sokoloff, author of the weekly WILTW (What I Learned This Week) newsletter through his advisory firm 13D Global Strategy & Research, needs no introduction on this website for the simple reason that over the past few years we have often […]

  • Global US Dollar Shortage Rises As Emerging Markets Lose Reserves

    ZeroHedge - May 3rd 2020 2:50pm EDT

    Global US Dollar Shortage Rises As Emerging Markets Lose Reserves Authored by Daniel Lacalle, The pace at which emerging market economies are losing FX reserves is staggering. In March, emerging economies lost around $1.5 billion in foreign exchange reserves per day, according to Bloomberg. Saudi Arabia alone lost $27 billion in reserves in March, according to […]

  • Did FBI Operative’s Lie Launch Flynn Investigation, And Did IG Horowitz Run Cover?

    ZeroHedge - May 3rd 2020 2:25pm EDT

    Did FBI Operative’s Lie Launch Flynn Investigation, And Did IG Horowitz Run Cover? For those who haven’t been paying attention, recently unsealed materials in the case against former Trump National Security Advisor Mike Flynn all but prove that the FBI set him up with a perjury trap (a ‘squeeze’ which even Bloomberg’s Eli Lake says […]

  • The Coronavirus Will Make A Mirage Of Saudi Arabia’s Vision 2030

    ZeroHedge - May 3rd 2020 2:00pm EDT

    The Coronavirus Will Make A Mirage Of Saudi Arabia’s Vision 2030 Submitted by The New Arab, As Saudi Arabia struggles to salvage its ailing economy and move away from oil dependency, the coronavirus crisis has rendered Crown Prince Mohammad bin Salman’s (MbS) future ambitions even more fragile. And as the world faces the prospect of a global […]

  • “Ashy & Bloated”: Analysts Pore Over Kim Jong Un Photos For Clues To Mystery Absence

    ZeroHedge - May 3rd 2020 1:35pm EDT

    “Ashy & Bloated”: Analysts Pore Over Kim Jong Un Photos For Clues To Mystery Absence Trump somewhat controversially reacted to Kim Jong Un’s Friday public reemergence at a ceremony at Sunchon Phosphatic Fertilizer Factory as follows after a 20-day absence by tweeting, “I, for one, am glad to see he is back, and well!” Pyongyang has vehemently […]

  • The Case Of General Flynn: Exposing Washington’s “Big Game Of Liars’ Poker”

    ZeroHedge - May 3rd 2020 1:10pm EDT

    The Case Of General Flynn: Exposing Washington’s “Big Game Of Liars’ Poker” Authored by ‘Zman’ via TheZman.com, The case of General Flynn, which has dragged on for years now, may finally be reaching a denouement. He was charged with and pleaded guilty to making false statements to the FBI during the Russian collusion hoax. For […]

  • Deadly “Murder Hornet” Swarms Arrive In North America

    ZeroHedge - May 3rd 2020 12:45pm EDT

    Deadly “Murder Hornet” Swarms Arrive In North America We nearly sprayed Red Bull all over our screens last night when we stumbled across a New York Times story with the headline “‘Murder Hornets’ in the U.S.: The Rush to Stop the Asian Giant Hornet”. Americans who were alive all the way back in the late […]

  • Don’t Expect Answers From Washington As The Fabric Of Society Unravels

    ZeroHedge - May 3rd 2020 12:20pm EDT

    Don’t Expect Answers From Washington As The Fabric Of Society Unravels Authored by Bruce Wilds via Advancing Time blog, One Face Of Unemployment Is Lost GDP Unemployment has several faces. It will be interesting to see how America handles the massive unemployment caused not so much by COVID-19 but the government’s effort to hold employers […]

  • There’s “Enormous Evidence” Coronavirus Originated From Wuhan Lab: Pompeo

    ZeroHedge - May 3rd 2020 11:55am EDT

    There’s “Enormous Evidence” Coronavirus Originated From Wuhan Lab: Pompeo Secretary of State Mike Pompeo says there’s “enormous evidence” that the coronavirus originated in the Wuhan Institute of Virology, while agreeing with the intelligence community’s determination that the disease is “not manmade or genetically modified.” Speaking with ABC’s “This Week” Sunday, Pompeo said: Martha, there’s enormous […]

  • Smackdown – Following The Bear Market Bounce Script

    ZeroHedge - May 3rd 2020 11:30am EDT

    Smackdown – Following The Bear Market Bounce Script Authored by Sven Henrich via NorthmanTrader.com, A violent rejection in markets following a furious rally that began on March 23. Small caps rallied 10% in 3 days only to give it all away in just 2 days. A coincidence? Hardly. Firstly the risk levels of this rally […]

  • Massachusetts Walmart Ravaged By COVID, 21% Of Employees Infected, Store Closed 

    ZeroHedge - May 3rd 2020 11:05am EDT

    Massachusetts Walmart Ravaged By COVID, 21% Of Employees Infected, Store Closed  Nearly 21% of the 391 employees at a Massachusetts Walmart have tested positive for COVID-19, reported WCVB-TV Boston, citing statements from local officials on Saturday.  According to WCVB’s Josh Brogadir on Sunday morning, “Walmart in Worcester normally open at 7AM but remains closed after #coronavirus outbreak.”  Walmart in Worcester normally […]

  • If The Bear Market Is Over, Why Are Commodities & Transports Underperforming?

    ZeroHedge - May 3rd 2020 10:40am EDT

    If The Bear Market Is Over, Why Are Commodities & Transports Underperforming? Authored by Bryce Coward via Knowledge Leaders Capital blog, As Steve highlighted yesterday, we are beginning to see some important divergences develop between the stock market and other data that suggest we are not out of the woods yet. …the divergence between high yield spreads […]

  • Russia Reports Record New Cases For 4th Day As COVID-19 Tears Through Moscow: Live Updates

    ZeroHedge - May 3rd 2020 10:36am EDT

    Russia Reports Record New Cases For 4th Day As COVID-19 Tears Through Moscow: Live Updates Every day, it seems, Russia sets a new record for the largest number of new COVID-19 cases confirmed in a day. Yesterday, Health officials in Moscow announced more than 9k new cases. On Sunday, they announced more than 10k new […]