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  • Market Rallies Into The “Resistance Zone”

    ZeroHedge - Apr 18th 2020 3:35pm EDT

    Market Rallies Into The “Resistance Zone” Authored by Lance Roberts via RealInvestmentAdvice.com, Market Rallies Into The “Resistance Zone” This week’s newsletter will be somewhat condensed as the bulk of our current positioning is based upon the information contained in the two reports referenced herein. The goal of this week’s letter is simply to outline the […]

  • Insolvent Illinois Begs Congress For Pension Bailout

    ZeroHedge - Apr 18th 2020 2:45pm EDT

    Insolvent Illinois Begs Congress For Pension Bailout Authored by Mike Shedlock via MishTalk, Illinois pension plans are in serious trouble. So serious, the states seeks a federal bailout. Cities are in trouble too! The president of the Illinois State Senate seeks $40 billion to help the pension system, fund unemployment insurance and aid hospitals and […]

  • Getting Out Of Dodge: After Exiting Loans And Hiking Mortgage Standards, JPMorgan Stops Accepting HELOCs

    ZeroHedge - Apr 18th 2020 2:20pm EDT

    Getting Out Of Dodge: After Exiting Loans And Hiking Mortgage Standards, JPMorgan Stops Accepting HELOCs Earlier this week, JPMorgan reported that its loan loss provision surged five fold to over $8.2 billion for the first quarter, the biggest quarterly increase since the financial crisis (even if its total reserve for losses is still a fraction […]

  • The New COVID-19 Authoritarians Will Only Give Up Power If They Fear Blowback

    ZeroHedge - Apr 18th 2020 1:55pm EDT

    The New COVID-19 Authoritarians Will Only Give Up Power If They Fear Blowback Authored by Allen Stevo via The Mises Institute, It was autumn 1989. Momentous things were taking place in the world. The Berlin Wall had fallen. The people of the Eastern Bloc had succeeded at getting to the West through Hungary. The firm […]

  • “The Fed Is All The Buyers Have”: The Banks Agree Stocks Have Never Been More Expensive

    ZeroHedge - Apr 18th 2020 1:30pm EDT

    “The Fed Is All The Buyers Have”: The Banks Agree Stocks Have Never Been More Expensive Late last week, we showed a chart from Credit Suisse which we described simply as “insanity” because it demonstrated that as the US careened into a depression, with GDP crashing and the unemployment rate soaring, between the latest Fed-driven […]

  • “V-Shaped Recovery” Narrative Crushed As Small Business Firings Start

    ZeroHedge - Apr 18th 2020 1:05pm EDT

    “V-Shaped Recovery” Narrative Crushed As Small Business Firings Start Authored by Bruce Wilds via Advancing Time blog, The Paycheck Protection Program or PPP was funded with $350 billion in the last stimulus bill, this money is now gone. Of the thirty million small businesses in America, only 1.7 million received money from the 2.3 trillion dollar […]

  • NYC Housing Activists Urge “Massive Wave” Of Rent-Strikes Because “Landlords Have Gotten Taken Care Of” 

    ZeroHedge - Apr 18th 2020 12:40pm EDT

    NYC Housing Activists Urge “Massive Wave” Of Rent-Strikes Because “Landlords Have Gotten Taken Care Of”  The wealth inequality story is not a complicated one to figure out. In essence, tens of millions of Americans were already suffering from insurmountable debts, no savings, and low wage jobs, even before the pandemic unfolded and crashed the economy. […]

  • The Idiocracy Experiment

    ZeroHedge - Apr 18th 2020 12:15pm EDT

    The Idiocracy Experiment Authored by Robert Wright via The American Institute for Economic Research, The title comes from the two movies reviewed below, Idiocracy (2006) and Experimenter: The Stanley Milgram Story (2015). In normal times, neither would merit mention, much less review, at such a late date. But unless you are just coming off six months on a trapline […]

  • Wuhan Reopening Spells Trouble For A World Emerging From Lockdown

    ZeroHedge - Apr 18th 2020 11:50am EDT

    Wuhan Reopening Spells Trouble For A World Emerging From Lockdown Residents of Wuhan, China –  the epicenter of the global pandemic which has killed more than 150,000 people in roughly four months – are now free to venture out after more than two months of home confinement in the largest quarantine in human history. Unfortunately […]

  • What’s The Difference Between Fake News & Hypernormalisation?

    ZeroHedge - Apr 18th 2020 11:25am EDT

    What’s The Difference Between Fake News & Hypernormalisation? Submitted by Mark E. Jeftovic of EasyDNS Before the current Coronavirus pandemic, the Canadian government took delivery of the Broadband Telecom Legislative Review.  The 235-page report offered 97 recommendations for revamping internet and broadcasting oversight, most of them bad ones. Among them were provisions for requiring all […]

  • “What’s Next… A Train To Dachau?” – Snitching On Social-Distance-Deniers Sparks Outrage Across America

    ZeroHedge - Apr 18th 2020 11:00am EDT

    “What’s Next… A Train To Dachau?” – Snitching On Social-Distance-Deniers Sparks Outrage Across America Public shaming is nothing new, nevertheless, shaming others on social media. Now people have taken it to an entirely new level by shaming those on social media who are violating social distancing rules.  From Facebook to the community app Nextdoor, people […]

  • Taibbi Warns: Wall Street & Main Street ‘Rescues’ Look Increasingly Disconnected From One Another

    ZeroHedge - Apr 18th 2020 10:35am EDT

    Taibbi Warns: Wall Street & Main Street ‘Rescues’ Look Increasingly Disconnected From One Another Authored by Matt Taibbi, It’s early days, but the Federal Reserve “bazooka” has mostly impacted the 1%… Take a look at some contrasting sets of headlines. First, from planet earth: Weekly Jobless Claims Hit 5.425 Million, Raising Monthly Loss To 22 […]

  • Beijing Arrests Hong Kong Media Tycoon & 14 Activists In Sweeping Pro-Democracy Crackdown

    ZeroHedge - Apr 18th 2020 10:10am EDT

    Beijing Arrests Hong Kong Media Tycoon & 14 Activists In Sweeping Pro-Democracy Crackdown We’ve been watching Hong Kong closely these past few weeks to see if Beijing, having mostly reopened the mainland economy, relieving the pressure for the first time in months, would turn its attention back to its top priority pre-corona: Crushing an insurgent […]

  • Spain “Authorizes” Military Planes To Spray Disinfectants Over Cities 

    ZeroHedge - Apr 18th 2020 9:45am EDT

    Spain “Authorizes” Military Planes To Spray Disinfectants Over Cities  The Spanish government has just “authorized” the military to prepare planes for aerial spraying of disinfectants across major metro areas as confirmed COVID-19 cases and deaths continue to rise, reported La Razón News. The order was first published in the Boletín Oficial del Estado, the country’s official gazette, […]

  • Gorbachev: World Must Come Together After COVID “Or Risk Sliding Into Chaos”

    ZeroHedge - Apr 18th 2020 9:20am EDT

    Gorbachev: World Must Come Together After COVID “Or Risk Sliding Into Chaos” Authored by Mikhail Gorbachev, op-ed via TIME.com, When The Pandemic Is Over, The World Must Come Together During the first months of this year, we have seen once again how fragile is our global world, how great the danger of sliding into chaos. […]

  • Air Force Eyes Hypersonic Weapons For B1 Bomber

    ZeroHedge - Apr 18th 2020 8:45am EDT

    Air Force Eyes Hypersonic Weapons For B1 Bomber The Air Force Global Strike Command (AFGSC) is preparing to mount hypersonic AGM-183 Air-launched Rapid Response Weapons (ARRW) externally on the Rockwell B-1 Lancer supersonic bomber. AFGSC chief Gen. Timothy Ray told Air Force Magazine, in an interview that will appear in the May issue, that the Air […]

  • Shocking Reports Claim 1000s Perished Uncounted In NY, UK Nursing Homes; Spanish Death Toll Tops 20k: Live Updates

    ZeroHedge - Apr 18th 2020 8:26am EDT

    Shocking Reports Claim 1000s Perished Uncounted In NY, UK Nursing Homes; Spanish Death Toll Tops 20k: Live Updates Summary: Spain death toll tops 20k, joining US & Italy Report claims 7,500 died uncounted in UK nursing homes NYPost claims nursing home deaths in NY went uncounted Japan case total passes 10k Dr. Fauci says tests […]

  • Germany: Still Too Much Free Speech, Says European Commission Against Racism & Intolerance

    ZeroHedge - Apr 18th 2020 8:10am EDT

    Germany: Still Too Much Free Speech, Says European Commission Against Racism & Intolerance Authored by Judith Bergman via The Gatestone Institute, The European Commission against Racism and Intolerance (ECRI) recently published its sixth monitoring report on Germany. Even though Germany has some of the most repressive hate speech laws in Europe, ECRI decided that, according to it, […]

  • Bearish FinTwit Oil Traders Make Millions On Oil’s Collapse

    ZeroHedge - Apr 18th 2020 7:35am EDT

    Bearish FinTwit Oil Traders Make Millions On Oil’s Collapse While oil has been plunging, there has been one group of misfit traders who were short the commodity and are finally getting the credit they deserve: FinTwit’s oil traders. In fact, they were so pronounced in making the call to short oil, they got their own […]

  • “Lethal For Bullion Banks” – The Looming $600 Trillion Derivatives Crisis

    ZeroHedge - Apr 18th 2020 7:00am EDT

    “Lethal For Bullion Banks” – The Looming $600 Trillion Derivatives Crisis Authored by Alasdair Macleod via GoldMoney.com, The powerful forces of bank credit contraction are at the heart of a rapidly evolving financial crisis in global derivatives, whose gross value is over $600 trillion; an unimaginable sum. Central banks are on course to destroy their […]

  • Did Xi Jinping Deliberately Sicken The World?

    ZeroHedge - Apr 18th 2020 12:00am EDT

    Did Xi Jinping Deliberately Sicken The World? Authored by Ben Lowsen via TheDiplomat.com, PRC moral turpitude forces us to consider the unthinkable… We often ascribe a basic level of humanity to even the cruelest leaders, but People’s Republic of China leader Xi Jinping’s actions have forced us to rethink this assumption. Although the emergence of […]

  • COVID Concerns Crush World’s Oldest Profession – Demand Plunges 80%

    ZeroHedge - Apr 17th 2020 11:40pm EDT

    COVID Concerns Crush World’s Oldest Profession – Demand Plunges 80% In mid-March, we pointed out how sex worker income was on the verge of collapse as states imposed social-distancing rules and enforced lockdowns amid the COVID-19 pandemic.  About a month later, the world’s oldest profession, that is prostitution, has seen an unprecedented slide in income […]

  • The Real Reason Russia & China Teamed-Up… Here’s What Comes Next For American Preeminence & The Dollar

    ZeroHedge - Apr 17th 2020 11:20pm EDT

    The Real Reason Russia & China Teamed-Up… Here’s What Comes Next For American Preeminence & The Dollar Via InternationalMan.com, Vladimir Pozner is Russia’s most influential political TV talk-show host, journalist and broadcaster. Pozner has hosted several shows on Russian television, where he has interviewed famous figures such as Hillary Clinton, Alain Delon, President Dimitri Medvedev […]

  • Watch: Failed Israeli Drone Strike On Top Hezbollah Official Caught In Rare Video

    ZeroHedge - Apr 17th 2020 11:00pm EDT

    Watch: Failed Israeli Drone Strike On Top Hezbollah Official Caught In Rare Video Israeli Defense Forces (IDF) have once again ramped up operations along the southern Lebanese border at a moment Hezbollah leadership has declared it is “fully prepared for war with Israel”. The latest escalation came Wednesday when an Israeli drone targeted a car full […]

  • How The Military-Industrial Complex Is Using The Coronavirus

    ZeroHedge - Apr 17th 2020 10:40pm EDT

    How The Military-Industrial Complex Is Using The Coronavirus Authored by William Hartung and Ben Freeman via TheNation.com, Arms industry lobbyists are addressing this pandemic and preparing for the next by pushing weapons sales… There’s a battle brewing for the future of national security spending. On one side, there’s a growing bipartisan consensus that the coronavirus […]