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  • 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 […]

  • BofA: “Vol Liquidity Is In Tatters. There Is No Depth To This Market”

    ZeroHedge - Apr 20th 2020 6:30am EDT

    BofA: “Vol Liquidity Is In Tatters. There Is No Depth To This Market” From Bank of America Vol liquidity is in shatters. Lower absolute vol levels have led to a phantom perception that market liquidity has recovered from last month’s stress. Nothing could be farther from the truth. While top of the book spreads are […]

  • Banks Will Not Bail Out The Economy

    ZeroHedge - Apr 20th 2020 6:00am EDT

    Banks Will Not Bail Out The Economy Authored by Daniel Lacalle, These days, we hear a lot that banks were the problem in the 2008 crisis and now they are the part of the solution.  Banking was not the main problem of the 2008 crisis, but one of the symptoms that indicated a more serious […]

  • Muni Market Chaos Sparked By Covid Has Potential To Trigger Default Tsunami

    ZeroHedge - Apr 20th 2020 5:30am EDT

    Muni Market Chaos Sparked By Covid Has Potential To Trigger Default Tsunami The economic collapse triggered by COVID-19 lockdowns across America has torpedoed the municipal bond market, which has come under severe stress in the last 4-6 weeks. The Federal Reserve has expanded a bailout facility to make sure liquidity continues to flow to crucial states and municipal […]

  • Disturbing Developments In UK Policing

    ZeroHedge - Apr 20th 2020 5:00am EDT

    Disturbing Developments In UK Policing Via Off-Guardian.org, A couple of days ago someone brought the following clip to our attention on Twitter: The other week journalist @MikeSegalov got hassled and shouted at by the police for filming an incident in a park. Here’s the footage. Not a good look for the police – breaking social […]

  • Watch: Berlin Cops Aggressively Breakup Protest Against Nation’s “Authoritarian” Lockdown

    ZeroHedge - Apr 20th 2020 4:15am EDT

    Watch: Berlin Cops Aggressively Breakup Protest Against Nation’s “Authoritarian” Lockdown We have suggested that the next phase of the COVID-19 pandemic will likely be a “flare-up of social unrest across major Western cities as millions have lost their jobs,” and the global economy has plunged into depression. We said that about three weeks ago, and now with […]

  • The European Union Is Dead But Does Not Yet Know It

    ZeroHedge - Apr 20th 2020 3:30am EDT

    The European Union Is Dead But Does Not Yet Know It Authored by Giulio Meotti via The Gatestone Institute, The new coronavirus appears to be tearing apart the fragile framework of the European Union. “Europe” said the former Commission chief and a EU godfather, Jacques Delors, “is in “mortal danger”. If citizens feel themselves abandoned […]

  • Cape Town Cops Fire Rubber Bullets, Teargas As South African Food Shortages Spark Riots, Looting

    ZeroHedge - Apr 20th 2020 2:45am EDT

    Cape Town Cops Fire Rubber Bullets, Teargas As South African Food Shortages Spark Riots, Looting COVID-19 has now claimed over 1,000 lives across Africa, and is accelerating fast, with a total of 52 of Africa’s 54 countries having reported cases and the number of infection approaching 20,000. In an effort to control the spread of […]

  • Led By “The Science” Towards A Medical Despotism?

    ZeroHedge - Apr 20th 2020 2:00am EDT

    Led By “The Science” Towards A Medical Despotism? Authored by Rob Slane via TheBlogMire.com, Having packed my TV in a box some 20 years ago (did I miss anything good?), I feel I have developed a certain immunity to some of the more blatant propaganda techniques waged upon the populace by the media and Government. […]