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  • Gold & Cryptos Surge, Stocks & Oil Purge As Global Economy Crashes

    ZeroHedge - Apr 24th 2020 4:01pm EDT

    Gold & Cryptos Surge, Stocks & Oil Purge As Global Economy Crashes Global economic data disappointed/crashed by the most on record this week, plunging to its weakest since the great financial crisis… Source: Bloomberg But, but, but… stocks are up over the last few weeks right… Source: Bloomberg And then there’s the ongoing increase in […]

  • Record Collapse In Liqudity Means Something Very Odd Takes Place Every Day At 3:50pm

    ZeroHedge - Apr 24th 2020 3:46pm EDT

    Record Collapse In Liqudity Means Something Very Odd Takes Place Every Day At 3:50pm First the good news: global index implied volatility has fallen sharply as markets rallied from their lows, even if volatility is by no means low. Markets both in and out of equities are pricing in a longer duration of high volatility; […]

  • BofA: The End Of The Lockdown Will Be The Catalyst That Ends The Stock Rally

    ZeroHedge - Apr 24th 2020 3:25pm EDT

    BofA: The End Of The Lockdown Will Be The Catalyst That Ends The Stock Rally Earlier this week we noted that the most confusing thing in the market at the moment is the huge dichotomy between what will be one of the worst synchronized global economic slumps in history, against what is now the largest […]

  • The One Certain Victor In The Pandemic War

    ZeroHedge - Apr 24th 2020 3:10pm EDT

    The One Certain Victor In The Pandemic War Authored by Patrick Buchanan via Buchanan.org, “War is the health of the state,” wrote the progressive Randolph Bourne during the First World War, after which he succumbed to the Spanish flu. America’s war on the coronavirus pandemic promises to be no exception to the axiom. However long […]

  • Brazil In Turmoil, Markets Plummet After Justice Minister’s Shock Resignation Over Bolsonaro “Political Interference”

    ZeroHedge - Apr 24th 2020 2:55pm EDT

    Brazil In Turmoil, Markets Plummet After Justice Minister’s Shock Resignation Over Bolsonaro “Political Interference” Political chaos has struck the heart of the Jair Bolsonaro administration after the Friday shock resignation of his celebrity justice minister Sérgio Moro, angry over Bolsonaro’s sacking the head of Brazil’s federal police hours earlier.  Brazilian markets plunged immediately upon Moro’s fiery speech accusing […]

  • Fed Cuts Pace Of Treasury QE To Just $10 Billion Per Day

    ZeroHedge - Apr 24th 2020 2:48pm EDT

    Fed Cuts Pace Of Treasury QE To Just $10 Billion Per Day From an initial $75 billion per day when the Fed announced the launch of Unlimited QE, the US central bank first reduced its daily buying to $60 billion per day, then  three weeks ago announced another ‘taper’ in its bond-buying program to $50 […]

  • Zoom Tumbles After Facebook Launches Free Video Calling For Up To 50 People

    ZeroHedge - Apr 24th 2020 2:30pm EDT

    Zoom Tumbles After Facebook Launches Free Video Calling For Up To 50 People Facebook stock has jumped to session highs and Zoom slumped negative, after an announcement from the world’s biggest social network that it is directly taking on the video chat market dominated by Zoom, and is launching a slew of new video-calling features […]

  • Hickey: “This Is A Perfect Environment For Gold”

    ZeroHedge - Apr 24th 2020 2:14pm EDT

    Hickey: “This Is A Perfect Environment For Gold” Authored by Christoph Gisiger via TheMarket.ch, Fred Hickey, editor of the investment newsletter «The High-Tech Strategist», warns that the stock market is still in a bubble. The veteran investor says why he avoids red hot technology stocks like Amazon and instead bets his money on gold mining […]

  • After Holding Up Small Business Relief Funds, Democrats Go Full Throttle On Bailing Out Blue States

    ZeroHedge - Apr 24th 2020 2:00pm EDT

    After Holding Up Small Business Relief Funds, Democrats Go Full Throttle On Bailing Out Blue States While small business owners continue to die on the vine, Nancy Pelosi held up a GOP plan for emergency funding to replenish the Paycheck Protection Program (PPP) with a ‘clean’ (pork-free) bill. Now, Pelosi is champing at the bit […]

  • Kunstler: “The Old System Is Permanently Broken Now”

    ZeroHedge - Apr 24th 2020 1:45pm EDT

    Kunstler: “The Old System Is Permanently Broken Now” Authored by James Howard Kunstler via Kunstler.com, It’s one thing to get sandbagged by a public health crisis ­– a plague being about the worst kind – and quite another for an advanced, complex economy to fall away under your feet like a freight elevator that snapped […]

  • Here Are The Key Dates As The World Reopens From The Coronavirus Coma

    ZeroHedge - Apr 24th 2020 1:30pm EDT

    Here Are The Key Dates As The World Reopens From The Coronavirus Coma On April 16, the Trump administration released guidelines for reopening of the US. The Administration has suggested that Governors base their plans on criteria consisting of three aspects: a downward trend in documented cases over 14 days, or a downward trend in […]

  • As The US Rig Count Collapses Most Since 2014, Will The Fed Bail Out Oil Companies?

    ZeroHedge - Apr 24th 2020 1:14pm EDT

    As The US Rig Count Collapses Most Since 2014, Will The Fed Bail Out Oil Companies? After a chaotic week in the energy complex, today’s data from Baker Hughes suggests American oil companies are finally starting to draw the line as rig counts collapse to their lowest since July 2016, having collapsed at the fastest […]

  • The “Hiro” They Deserve: Tesla Brings On Vocal Anti-Short-Selling-Official As “Independent” Director

    ZeroHedge - Apr 24th 2020 12:59pm EDT

    The “Hiro” They Deserve: Tesla Brings On Vocal Anti-Short-Selling-Official As “Independent” Director Hiromichi Mizuno has been appointed to Tesla’s Board of Directors, the company announced on Thursday. He will also serve on the company’s audit committee, according to filings made on Thursday.  And who better to help oversee Tesla? After all, Mizuno’s track record includes […]

  • Bitcoin Bid? To Halve And To Hold…

    ZeroHedge - Apr 24th 2020 12:45pm EDT

    Bitcoin Bid? To Halve And To Hold… Authored by Ashish Singhal via CoinTelegraph.com, The upcoming Bitcoin halving may result in greater demand and higher prices, but what are the challenges for the 2020 halving? image courtesy of CoinTelegraph Sometimes less is more. That’s a tenet of modern design, but it’s also a central belief of […]

  • Trump Will Try To Delay Election – Biden Claims In Latest “Conspiracy Theory Ramblings”

    ZeroHedge - Apr 24th 2020 12:30pm EDT

    Trump Will Try To Delay Election – Biden Claims In Latest “Conspiracy Theory Ramblings” Joe Biden is floating the mother of all campaign conspiracy theories, saying President Trump is planning to push back the presidential election using COVID-19 as an excuse in order to maintain power and ultimately win another four years in office.  “Mark my […]

  • Land Of The Free? Home Of The Brave?

    ZeroHedge - Apr 24th 2020 12:14pm EDT

    Land Of The Free? Home Of The Brave? Authored by Jeff Harris via The Ron Paul Institute for Peace & Prosperoty, During a bank robbery in Stockholm, Sweden back in 1973 four bank employees were held hostage for six days in the bank’s vault. A curious “bond” appeared to develop between the hostages and their […]

  • Fresh Reports Say Kim ‘Evacuated’ From Pyongyang As Trump Slams “Fake News” Of His Sudden Decline 

    ZeroHedge - Apr 24th 2020 12:00pm EDT

    Fresh Reports Say Kim ‘Evacuated’ From Pyongyang As Trump Slams “Fake News” Of His Sudden Decline  Kim Jong Un was last seen publicly on the weekend of April 11th, but after he was nowhere in sight during the national holiday celebration of his grandfather’s birthday on April 15 — highly unusual for the important “Day of the […]

  • What’s Going On In The Silver Market?

    ZeroHedge - Apr 24th 2020 11:40am EDT

    What’s Going On In The Silver Market? Via SchiffGold.com, Gold has been in the spotlight in recent months with the economic chaos caused by the coronavirus pandemic and governments’ response. Peter Schiff called gold a “no-brainer” investment. But silver is worth paying attention to as well. The Silver Institute has released its World Silver Survey 2020 report featuring a detailed […]

  • Goldman Sees Global Oil Storage Full In 3-4 Weeks; Expects Another Oil Price Crash

    ZeroHedge - Apr 24th 2020 11:25am EDT

    Goldman Sees Global Oil Storage Full In 3-4 Weeks; Expects Another Oil Price Crash While it may be tempting to argue that the worst is behind us for oil price given the historic collapse in WTI which crashed to negative $40 on Monday as holders of May WTI futures panicked to sell their holdings at […]

  • Trump Slams “Garbage Network” CNN As AT&T CEO Randall Stephenson “Forced Out”

    ZeroHedge - Apr 24th 2020 11:10am EDT

    Trump Slams “Garbage Network” CNN As AT&T CEO Randall Stephenson “Forced Out” The DoJ may have failed in its efforts to block the “vertical” merger of AT&T and CNN-owner Time Warner, although the delays caused by the the federal lawsuit certainly hurt the company. But President Trump hasn’t yet let go of his antipathy toward […]

  • Yale Prof: Trump’s Using Subconscious Techniques To Push “Armed Troops In The Streets” Toward A “Massacre”

    ZeroHedge - Apr 24th 2020 11:05am EDT

    Yale Prof: Trump’s Using Subconscious Techniques To Push “Armed Troops In The Streets” Toward A “Massacre” Authored by Jonathan Turley, It often appears that there is no medical or legal theory that is too unhinged to trigger criticism in the media so long as it is targeting President Donald Trump or his supporters.   I […]

  • The S&P Is Caught In A Gamma Trap, Preventing Turmoil From Record High Valuations

    ZeroHedge - Apr 24th 2020 10:50am EDT

    The S&P Is Caught In A Gamma Trap, Preventing Turmoil From Record High Valuations Over the past three days, despite a barrage of negative news about the global economy and crushed hopes about Gilead’s Remdesivir treatment which according to the FT was a “flop”, stocks have been stuck in a tight range around the 2,800 […]

  • “Washed Under The Rug”: Small Business Owners Livid Over PPP Bailout Debacle

    ZeroHedge - Apr 24th 2020 10:35am EDT

    “Washed Under The Rug”: Small Business Owners Livid Over PPP Bailout Debacle Small business owners who were shut out of the government’s $349 billion Paycheck Protection Program (PPP) after it ran out of money last week are livid after learning that banks doled out tens of billions in funds to large corporations – around 20% […]

  • Martenson: Debunking The Hydroxychloroquine “Controversy”

    ZeroHedge - Apr 24th 2020 10:16am EDT

    Martenson: Debunking The Hydroxychloroquine “Controversy” Update (1005ET): Minutes after this post was created, the U.S. Food and Drug Administration (FDA) warned patients against taking two malaria medications that have been talked up by President Trump for Covid-19, unless carefully monitored in a hospital or as part of a clinical trial. The FDA said it was […]

  • UMich Consumer Sentiment Crashes By Most Ever, Home-Buying Conditions Worst In 37 Years

    ZeroHedge - Apr 24th 2020 10:07am EDT

    UMich Consumer Sentiment Crashes By Most Ever, Home-Buying Conditions Worst In 37 Years The preliminary April UMich confidence data was a bloodbath, and the final data (albeit very marginally better than the flash print) offered little hope for any change anytime soon… The University of Michigan’s final sentiment index for April slumped 17.3 points to 71.8 from […]