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  • Here’s The Next Problem: Where Do 100 Million Oil Barrels Get Delivered… And What Happens Next Month?

    ZeroHedge - Apr 20th 2020 3:08pm EDT

    Here’s The Next Problem: Where Do 100 Million Oil Barrels Get Delivered… And What Happens Next Month? The entire financial world is watching in stunned amazement as the May WTI contract crashed as low as -$40, an unprecedented – until today – event, and one which is sparking frenzied speculation who will be oil’s “Amaranth”, […]

  • Something Impossible Just Happened: A CLO Just Failed Its AAA Overcollateralization Test

    ZeroHedge - Apr 20th 2020 2:21pm EDT

    Something Impossible Just Happened: A CLO Just Failed Its AAA Overcollateralization Test Over the weekend, we reported that in its quest to bailout the richest Americans and the country’s financial system, the Fed unleashed an unprecedented array of actions meant to backstop capital markets, going so far as buying investment grade, high yield bonds and […]

  • Exactly How Many Deaths Are Needed To Justify Giving Government’s Control Of Everything?

    ZeroHedge - Apr 20th 2020 2:06pm EDT

    Exactly How Many Deaths Are Needed To Justify Giving Government’s Control Of Everything? Authored by Jim Fedako via The Mises Institute, The CDC estimates that 61,000 Americans died from the flu during the 2017–18 flu season (with a range of 46,000 to 95,000 deaths). Few of us even remember that event. Stores stayed open, folks […]

  • Facebook Bans Civil Disobedience, Removes Posts Organizing Anti-Lockdown Protests

    ZeroHedge - Apr 20th 2020 1:45pm EDT

    Facebook Bans Civil Disobedience, Removes Posts Organizing Anti-Lockdown Protests Facebook has removed several pages promoting protests against state quarantine orders designed to slow the spread of coronavirus. The social media giant acknowledged removing the posts promoting protests in California, New Jersey and Nebraska which violated measures taken by governors to slow the spread of COVID-19. […]

  • The Extremely-Overvalued & Top-Heavy US Stock Market

    ZeroHedge - Apr 20th 2020 1:25pm EDT

    The Extremely-Overvalued & Top-Heavy US Stock Market Via Global Macro Monitor, Caveat freaking emptor. After the Fed effectively fully nationalized the financial markets by bailing out junk bonds on April 9th, turning Wall Street into a Soviet Sausage Factory,  almost any type of analysis, which was on its way out anyway,  was rendered completely meaningless. The new rocket scientists […]

  • Fauci: No Recovery Possible If Virus Isn’t “Under Control”

    ZeroHedge - Apr 20th 2020 1:05pm EDT

    Fauci: No Recovery Possible If Virus Isn’t “Under Control” President Trump’s top doctor on the White House coronavirus task force has pushed back against protesters demonstrating against stay-at-home orders, warning that the US economy won’t recover until COVID-19 is “under control.” “This is something that is hurting from the standpoint of economics,” Fauci acknowledged during […]

  • Investing In The Age Of COVID…

    ZeroHedge - Apr 20th 2020 12:30pm EDT

    Investing In The Age Of COVID… Via AdventuresInCapitalism.com, Four weeks ago, the stock market was in free-fall and I made the point that “if you aren’t buying stock down here, you’re simply doing it all wrong.” I fortuitously published it on the day that the market bottomed. Looking back at my call to “buy stuff,” the Fed […]

  • United Reports $2.1BN Loss As Airlines Brace To Fire 100,000 Once Bailout Loans Expire

    ZeroHedge - Apr 20th 2020 11:55am EDT

    United Reports $2.1BN Loss As Airlines Brace To Fire 100,000 Once Bailout Loans Expire United Airlines confirmed the carnage hitting US airlines today when it reported a $2.1 billion loss for first quarter as the coronavirus pandemic drove travel demand down to the lowest level in decades. United said revenue plunged 17% in the first […]

  • Harvard And Other ‘Well Endowed’ Colleges Face Backlash For Tapping Tens Of Millions In Stimulus Funds

    ZeroHedge - Apr 20th 2020 11:25am EDT

    Harvard And Other ‘Well Endowed’ Colleges Face Backlash For Tapping Tens Of Millions In Stimulus Funds Several US colleges with multi-billion dollar endowments have been tapping into the massive coronavirus stimulus passed by Congress and signed into law by President Trump in January. As part of the $2 trillion Coronavirus Aid, Relief and Economic Security […]

  • Losing Faith In Fiat – COVID Crisis Has Dragged Forward The Moment When “The Money Is No Good”

    ZeroHedge - Apr 20th 2020 11:12am EDT

    Losing Faith In Fiat – COVID Crisis Has Dragged Forward The Moment When “The Money Is No Good” Via Greg Hunter’s USAWatchdog.com , Money manager and economist Michael Pento says the Federal Reserve has only massive money printing left to try to save the economy from the current and ongoing debt implosion. There is going to […]

  • The Last Time This Happened To Oil, Stocks Collapsed 30%

    ZeroHedge - Apr 20th 2020 10:55am EDT

    The Last Time This Happened To Oil, Stocks Collapsed 30% While the velocity of stock markets’ rebound is making headlines, it’s the energy complex that is screaming at the top of its lungs – something is wrong, very wrong. A total bloodbath in black gold this morning as a combination of fundamental (weaker and weaker […]

  • Watch: Trump Vows To End Obama Admin’s Funding To Wuhan Virus Lab

    ZeroHedge - Apr 20th 2020 10:40am EDT

    Watch: Trump Vows To End Obama Admin’s Funding To Wuhan Virus Lab Authored by Steve Watson via Summit News, President Trump vowed over the weekend to end US funding to the tune of $3.7 million that had been approved to the Wuhan Institute of Virology by the Obama administration. With questions swirling over the lab being […]

  • Fed’s National Activity Index Crashes Into Deep Recession Territory

    ZeroHedge - Apr 20th 2020 10:25am EDT

    Fed’s National Activity Index Crashes Into Deep Recession Territory On the heels of ‘hard’ data crashing (retail sales, industrial production, and employment) and ‘soft’ data seeing all hope evaporating with regional Fed surveys collapsing at record pace, it is not surprising that The Fed’s National Activity Index has also suddenly imploded. Regional Fed Surveys have […]

  • If Movie Theaters Reopened, Would You Go?

    ZeroHedge - Apr 20th 2020 10:10am EDT

    If Movie Theaters Reopened, Would You Go? Authored by Mike Shedlock via MishTalk, Trump has slated movie theaters as one of the first businesses to reopen. Will you go? Trump has a Three Phase Plan to Reopen America.  Phase one: Restaurants, movie theaters, sporting venues, places of worship and gyms can reopen if they observe strict social […]

  • Historic Oil Crash Sends Canadian Oil Prices Negative

    ZeroHedge - Apr 20th 2020 9:56am EDT

    Historic Oil Crash Sends Canadian Oil Prices Negative When Goldman’s crude oil analysts turned apocalyptic last month, writing that “This Is The Largest Economic Shock Of Our Lifetimes”, they echoed something we said previously namely that the record surge in excess oil output amounting to a mindblowing 20 million barrels daily or roughly 20% of […]

  • Former FDA Commissioner Warns Waiting For “Optimal” Testing Capacity Before Reopening Simply “Not Possible”

    ZeroHedge - Apr 20th 2020 9:45am EDT

    Former FDA Commissioner Warns Waiting For “Optimal” Testing Capacity Before Reopening Simply “Not Possible” There’s no question that countries across the world are going to need to make hard choices and difficult judgment calls in the coming weeks and months as they confront the unavoidable fact that staying on lockdown until mass testing and even […]

  • Here We Go Again: When Bubbles Pop, Only The First Sellers Avoid Destruction

    ZeroHedge - Apr 20th 2020 9:40am EDT

    Here We Go Again: When Bubbles Pop, Only The First Sellers Avoid Destruction Authored by Charles Hugh Smith via OfTwoMinds blog, Bubbles always burst, and the confidence that “this isn’t a bubble” and “the Fed has our back” are counter-indicators. Here we go again: stocks have once again reached nosebleed valuations completely disconnected from reality–in […]

  • Key Events In This Extremely Chaotic, Action-Packed Week

    ZeroHedge - Apr 20th 2020 9:32am EDT

    Key Events In This Extremely Chaotic, Action-Packed Week In what is sure to be a fast-moving, chaotic week, in which attention will focus on every marginal development in the war against Coronavirus (and Chinese exports thereof), Q1 earnings will step up a notch with 88 S&P 500 companies reporting this week and Europe joining the […]

  • Shake Shack To Return $10 Million PPP Loan After Large Businesses, Hedge Funds Criticized For Tapping

    ZeroHedge - Apr 20th 2020 9:13am EDT

    Shake Shack To Return $10 Million PPP Loan After Large Businesses, Hedge Funds Criticized For Tapping Shake Shack plans to return the $10 million support loan it tapped from the Paycheck Protection Program (PPP) amid brewing outrage over large businesses accessing government funds that were intended to save small businesses during the coronavirus pandemic. According […]

  • Rabobank: “Game Over, Man, Game Over”

    ZeroHedge - Apr 20th 2020 8:55am EDT

    Rabobank: “Game Over, Man, Game Over” Submitted by Michael Every of Rabobank Game Over, Man, Game Over Markets are currently on fast-forward as politicians are also on fast-forward on when we will remove economic lockdowns and go “back to normal” – as if the virus isn’t the one in the driving seat in all this. […]

  • ‘We’re Completely Overwhelmed’ – Mexico City Hospitals Turn Away Patients As Serious COVID-19 Cases Surge

    ZeroHedge - Apr 20th 2020 8:40am EDT

    ‘We’re Completely Overwhelmed’ – Mexico City Hospitals Turn Away Patients As Serious COVID-19 Cases Surge As the coronavirus outbreak gains traction across Latin America, horrifying stories – like the explosion of deaths across Ecuador that has left bodies piling up in the streets – are bound to become increasingly common. Brazil and Peru are grappling […]

  • Blain: Do Markets Even Matter Anymore?

    ZeroHedge - Apr 20th 2020 8:28am EDT

    Blain: Do Markets Even Matter Anymore? Authored by Bill Blain via MorningPorridge.com, What have we got to look forward to in markets?  The Coronavirus first wave is ebbing across Northern Europe and New York. Nations are now contemplating limited economic reopening.  Government bailouts, support packages and central bank QE infinity have handed markets an extraordinary […]

  • Futures Plunge As WTI Crashes By Most On Record, Tumbling To $11 Per Barrel

    ZeroHedge - Apr 20th 2020 8:13am EDT

    Futures Plunge As WTI Crashes By Most On Record, Tumbling To $11 Per Barrel Oil prices crashed on Monday, with the May WTI futures contract hitting its lowest level since 1999, plunging to $12.50 or down 37%, depressed by concern that U.S. crude storage will soon be full even as companies prepare to report the […]

  • Fears Of Nationwide 9MM Ammo Shortage Sparks Panic Hoarding

    ZeroHedge - Apr 20th 2020 8:01am EDT

    Fears Of Nationwide 9MM Ammo Shortage Sparks Panic Hoarding The evolution of Americans panic hoarding during the COVID-19 pandemic has ultimately led to the stocking up on guns and ammo.  Gun shop owners report while there are no weapon shortages yet, a run on ammo has undoubtedly been seen across the country.  We first documented the […]

  • Tokyo Hospitals Turn Away Patients As 1/5th Of World Takes First Steps Toward Reopening Economies: Live Updates

    ZeroHedge - Apr 20th 2020 7:24am EDT

    Tokyo Hospitals Turn Away Patients As 1/5th Of World Takes First Steps Toward Reopening Economies: Live Updates Across America, hundreds of protesters showed up to State Capitol buildings in Denver, Austin and elsewhere on Sunday to demand that governors lift their ‘stay-at-home’ orders immediately. The protests quickly became a flashpoint for confrontation as a few […]