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  • Will Amazon Kill Small Business?

    ZeroHedge - Apr 17th 2020 5:00pm EDT

    Will Amazon Kill Small Business? Submitted by Market Crumbs Four weeks. That’s how long it took for all of the jobs created over the last 11 years since the Great Recession to be wiped out as a result of the outbreak of COVID-19. The Labor Department reported yesterday that nearly 5.25 million Americans filed for […]

  • US Launches ‘Full-Scale Investigation’ Into Wuhan Lab

    ZeroHedge - Apr 17th 2020 4:44pm EDT

    US Launches ‘Full-Scale Investigation’ Into Wuhan Lab The United States has launched a ‘full scale investigation’ into whether COVID-19 escaped from a biolab in Wuhan, China, according to Fox News. According to the report, US intelligence operatives are gathering information regarding the laboratory and the initial outbreak of the virus, which was found in a […]

  • As The Bottom 60% Lose Lives & Livelihoods, The Fed & The Top 10% Cheer Market Rebound

    ZeroHedge - Apr 17th 2020 4:20pm EDT

    As The Bottom 60% Lose Lives & Livelihoods, The Fed & The Top 10% Cheer Market Rebound Authored by Charles Hugh Smith via OfTwoMinds blog, If you have any doubt that the Fed and Wall Street will some day be dismantled, please re-read this “real life in America” list again. The pandemic is a stark, […]

  • Crude Crashes As Mega-Tech Stocks Soar Amid Record Surge In Deaths & Unemployment

    ZeroHedge - Apr 17th 2020 4:00pm EDT

    Crude Crashes As Mega-Tech Stocks Soar Amid Record Surge In Deaths & Unemployment Nasdaq stocks soared on the week (second week in a row) as Small Caps and Trannies disappointed… Sending tech stocks back to dotcom levels of exuberance relative to domestically-focused smaller cap stocks… Source: Bloomberg But bonds were not buying it (even as […]

  • Guggenheim CIO Sees S&P500 Falling As Low As 1,200

    ZeroHedge - Apr 17th 2020 3:27pm EDT

    Guggenheim CIO Sees S&P500 Falling As Low As 1,200 With Morgan Stanley’s (former) uber-bear Michael Wilson emerging recently as one of the biggest bulls on Wall Street, a power – or rather wildlife – vacuum emerged over the spot of who will be crowned Wall Street’s next super bear (excluding such icons as Albert Edwards) […]

  • Outrage Over Bank Seizures Of Coronavirus Relief Payments From Debt-Strapped Veterans

    ZeroHedge - Apr 17th 2020 3:10pm EDT

    Outrage Over Bank Seizures Of Coronavirus Relief Payments From Debt-Strapped Veterans Authored by Jake Johnson & Eoin Higgins via CommonDreams.org, Hours after David Dayen reported Thursday at The American Prospect that USAA was seizing coronavirus stimulus money from veterans with accounts at the financial institution, the bank reversed course, telling Dayen in a statement that the money seized would […]

  • ‘Pandemic Bonds’ Face Near-Total Loss After Soaring Global Deaths Trigger Risk Transfer

    ZeroHedge - Apr 17th 2020 2:54pm EDT

    ‘Pandemic Bonds’ Face Near-Total Loss After Soaring Global Deaths Trigger Risk Transfer In early February  we detailed that a little known specialized bond created in 2017 by the World Bank may have held the answer as to why global health authorities had, until then, declined to label the global spread of the novel coronavirus a […]

  • The Outdated Law Threatening US “Energy Independence”

    ZeroHedge - Apr 17th 2020 2:40pm EDT

    The Outdated Law Threatening US “Energy Independence” Authored by Alex Kimani via OilPrice.com, After months of high drama and unceasing tedium, the OPEC+ group of countries, led by Saudi Arabia and Russia, finally granted President Trump his wish and agreed to pull some by 9.7 million barrels/day from the market in response to the epic collapse in […]

  • Fed Cuts Pace Of Treasury QE By 50% To “Only” $15 Billion Per Day

    ZeroHedge - Apr 17th 2020 2:26pm EDT

    Fed Cuts Pace Of Treasury QE By 50% To “Only” $15 Billion Per Day From an initial $75 billion per day when the Fed announced the launch of Unlimited QE, the us central bank reduced its daily buying to $60 billion per day, then  two weeks ago announced another ‘taper’ in its bond-buying program to […]

  • In The Age Of Battling Narratives & Broken Consensus

    ZeroHedge - Apr 17th 2020 2:02pm EDT

    In The Age Of Battling Narratives & Broken Consensus Authored by James Howard Kunstler via Kunstler.com, Flight Path This age of battling narratives tends to conceal the broken consensus behind it. What’s gone is a broad social agreement that there are certain fundamental realities, and then codes of conduct that follow from them. When anything […]

  • Navy Reports Alarming ‘Stealth Transmission’ Rate: 60% Of Infected Carrier Crew Symptom-Free

    ZeroHedge - Apr 17th 2020 1:44pm EDT

    Navy Reports Alarming ‘Stealth Transmission’ Rate: 60% Of Infected Carrier Crew Symptom-Free In an extremely worrisome development signaling the coronavirus peak in the United States could last longer than expected, the US Navy has found that most COVID-19 cases aboard the virus-stricken aircraft carrier Theodore Roosevelt are among sailors who are asymptomatic.  “Sweeping testing of the entire crew […]

  • This Time Might Be Different

    ZeroHedge - Apr 17th 2020 1:25pm EDT

    This Time Might Be Different Authored by Lance Roberts via RealInvestmentAdvice.com, “Don’t fight the Fed.” – Every amateur investor who has never seen a bear market. Over the last decade, investors have been trained to “buy” the markets every time the Federal Reserve was engaging in providing liquidity to the financial markets. As I noted in “Pavlov’s Dogs:” “Classical […]

  • MSNBC Host Suggests Biden Form “A Shadow Government” To Counter Trump’s COVID Response

    ZeroHedge - Apr 17th 2020 12:55pm EDT

    MSNBC Host Suggests Biden Form “A Shadow Government” To Counter Trump’s COVID Response Authored by Jennie Taer via SaraACarter.com, MSNBC anchor Stephanie Ruhle suggested earlier this week that former Vice President and likely Democratic nominee in the 2020 race Joe Biden form “a shadow government” to counter President Donald Trump’s daily briefing on the White […]

  • After Deadly Easter, More Tornados Expected For South This Weekend

    ZeroHedge - Apr 17th 2020 12:40pm EDT

    After Deadly Easter, More Tornados Expected For South This Weekend Severe thunderstorms and tornadoes are expected for much of the South on Sunday, including areas that are still recovering from last weekend’s deadly storm. “The highest probability will be on Sunday across many of the same areas that saw severe weather on Easter,” CNN meteorologist Dave Hennen […]

  • Nasdaq Tumbles Into Red As Markets Realize “There Is No Reopening Plan”

    ZeroHedge - Apr 17th 2020 12:11pm EDT

    Nasdaq Tumbles Into Red As Markets Realize “There Is No Reopening Plan” Update (1215ET): While Small Caps remain up over 3.5%, Nasdaq has dropped into the red on the day… *  *  * US equity market have been roaring higher (especially so overnight) as hope trumped reality once again. But bonds were not buying it… […]

  • “Spectacular Momentum Crash” Imminent As Record Hedge Fund Selling Meets Furious CTAs Buying

    ZeroHedge - Apr 17th 2020 11:55am EDT

    “Spectacular Momentum Crash” Imminent As Record Hedge Fund Selling Meets Furious CTAs Buying One of the reasons cited for the explosive move overnight in futures – along with the sketchy STATnews/Feuerstein leak of Gilead’s remdesivir coronavirus trial – is optimism over the upcoming reopening of the US. However, as Nomura’s Charlie McElligott writes this morning, […]

  • Overcapacity / Oversupply Everywhere: Massive Deflation Dead Ahead

    ZeroHedge - Apr 17th 2020 11:40am EDT

    Overcapacity / Oversupply Everywhere: Massive Deflation Dead Ahead Authored by Charles Hugh Smith via OfTwoMinds blog, The price of a great many assets will crash, out of proportion to the decline in demand. Oil is the poster child of the forces driving massive deflation: overcapacity / oversupply and a collapse in demand. Overcapacity / oversupply and […]

  • Michigan Governor Changes Plan, Says State Will Start Reopening On May 1

    ZeroHedge - Apr 17th 2020 11:07am EDT

    Michigan Governor Changes Plan, Says State Will Start Reopening On May 1 Less than one full day has passed since President Trump officially delegated responsibility for reopening their economies to the states, and to our surprise, it appears the first governor to start pushing for a May 1 target to begin reopening is Michigan’s Gretchen […]

  • Cantor Fitzgerald Slashes Jobs, Prepares To Cut More Amid Economic Downturn

    ZeroHedge - Apr 17th 2020 11:05am EDT

    Cantor Fitzgerald Slashes Jobs, Prepares To Cut More Amid Economic Downturn Even before the virus pandemic crashed the global economy into recession, if not depression, for the second quarter, the investment bank industry was already on shaky ground. As we’ve noted over the last year, investment banks, such as Barclays, JPMorgan, HSBC, Deutsche Bank, and many others, have been […]

  • US “Leading” Economic Indicators Crash By Most In Over 60 Years

    ZeroHedge - Apr 17th 2020 10:35am EDT

    US “Leading” Economic Indicators Crash By Most In Over 60 Years The US Conference Board’s leading economic index crashed 6.7% in March – the biggest monthly drop since the series began in 1959… Source: Bloomberg Under the hood: The biggest positive contributor to the leading index was interest rate spread at 0.03 The biggest negative […]

  • Michael Cohen Gets Early Prison Release Due To COVID-19

    ZeroHedge - Apr 17th 2020 10:20am EDT

    Michael Cohen Gets Early Prison Release Due To COVID-19 Former Trump attorney Michael Cohen can drop the soap in peace, after the federal Bureau of Prisons ruled that he can spend the remainder of his three-year sentence at home due to concerns over COVID-19 spreading in prisons, his lawyer said Thursday night. The 53-year-old Cohen […]

  • Irony Defined – Adam Schiff Blasts Grenell For ‘Politicizing The Intelligence Community’

    ZeroHedge - Apr 17th 2020 10:05am EDT

    Irony Defined – Adam Schiff Blasts Grenell For ‘Politicizing The Intelligence Community’ Authored by Sara Carter via SaraACarter.com, House Intelligence Committee Chairman Adam Schiff accused acting Director of National Intelligence Richard Grenell last week of ‘undermining critical intelligence functions’ but nothing could be further from the truth. Why? Because Grenell is restructuring an agency that should have […]

  • The Market Is Now Just 5 Stocks: S&P Now More Concentrated In Top 5 Names Then Ever

    ZeroHedge - Apr 17th 2020 9:45am EDT

    The Market Is Now Just 5 Stocks: S&P Now More Concentrated In Top 5 Names Then Ever Yesterday, when we showed that the Nasdaq had turned green for the year as FANG stocks hit a new all time high… … even as small cap stocks were down 30% in 2020, we showed that the ratio […]

  • We’re Not Going Back To ‘Normal’…

    ZeroHedge - Apr 17th 2020 9:26am EDT

    We’re Not Going Back To ‘Normal’… Authored by Michael Muharrey via SchiffGold.com, Turn the key and the economy will restart. That’s a myth a lot of people in the mainstream have peddled since governments started shutting down the economy in response to the coronavirus pandemic. That’s not going to happen. We’re not going back to […]

  • Twitter Outlaws Political Satire, Civil Disobedience With Fresh Bans Of Conservative Influencers

    ZeroHedge - Apr 17th 2020 9:05am EDT

    Twitter Outlaws Political Satire, Civil Disobedience With Fresh Bans Of Conservative Influencers Twitter has taken it upon themselves to remove two prominent voices from the public square, once again. The first victim of Twitter’s ban hammer was Infowars host Owen Shroyer – who was encouraging followers to gather in person at the Texas state Capitol […]