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  • A Lot Of “The Worst Ever”s

    ZeroHedge - Apr 16th 2020 11:55am EDT

    A Lot Of “The Worst Ever”s Submitted by Market Crumbs With the outbreak of COVID-19 being unlike anything seen before in our lifetimes, the resulting economic damage is starting to enter unprecedented territory as well. Just a day after the International Monetary Fund warned “The Great Lockdown” would be the worst economic downturn since the […]

  • Chris Whalen Exposes The Real Bank Earnings Armageddon

    ZeroHedge - Apr 16th 2020 11:25am EDT

    Chris Whalen Exposes The Real Bank Earnings Armageddon Authored by Chris Whalen via TheInstitutionalRiskAnalyst.com, This week, The Institutional Risk Analyst releases our Q1 2020 bank earnings report, which is for sale in our online store. In our latest credit comment, we feature net loss rate and earnings estimates for JPMorgan, U.S. Bancorp, Bank of America […]

  • First JC Penney, Now Neiman Marcus Set To File For Bankruptcy

    ZeroHedge - Apr 16th 2020 11:09am EDT

    First JC Penney, Now Neiman Marcus Set To File For Bankruptcy Yesterday we reported that ancient retail icon and anchor tenant at malls everywhere, JC Penney, was finally preparing to call it a day, and was set to file for bankruptcy protection, in the process ending lease payments and putting the thousands of malls in […]

  • This Is A “Cataclysmic” Problem For FANGs: Diller Warns Of Record Crash In Ad Spend

    ZeroHedge - Apr 16th 2020 10:55am EDT

    This Is A “Cataclysmic” Problem For FANGs: Diller Warns Of Record Crash In Ad Spend While the FANG stocks has staged a dramatic rebound from their March lows, and have in fact surged to new all time highs… … fundamentally these trillion-dollar companies are nothing more than ad platforms, whose viability and growth depends on […]

  • The $349 Billion Small Business Loan Program Is Now Out Of Money

    ZeroHedge - Apr 16th 2020 10:41am EDT

    The $349 Billion Small Business Loan Program Is Now Out Of Money We warned yesterday that it was imminent, and now it has occurred… The Trump administration’s Paycheck Protection Program (PPP) for small businesses slammed by coronavirus has run out of funds, hitting the $349 billion initial allotment Thursday morning, according to the Small Business […]

  • Rabobank: “If We Don’t Get The Reopening Just Right We Can Start The Clock To The Second Infection Wave”

    ZeroHedge - Apr 16th 2020 10:30am EDT

    Rabobank: “If We Don’t Get The Reopening Just Right We Can Start The Clock To The Second Infection Wave” Submitted by Michael Every of Rabobank Break-out > Lockdown > Break-up As mentioned yesterday, with recognition that virus may have peaked we see that momentum continues to build to try to get us back to normal. […]

  • Andrew Cuomo Hires McKinsey To “Trump-Proof” New York’s Plan To Reopen Economy

    ZeroHedge - Apr 16th 2020 10:15am EDT

    Andrew Cuomo Hires McKinsey To “Trump-Proof” New York’s Plan To Reopen Economy Left-wing critics on Twitter have slammed President Trump for appointing economic advisors like Larry Kudlow to the White House coronavirus task force. Many argued that the notion an economist can help epidemiologists solve a problem of pathology isn’t just arrogant, it’s extremely ignorant. […]

  • Declassified Horowitz Footnotes Show Obama Officials Knew Steele Dossier Was Russian Disinfo Designed To Target Trump

    ZeroHedge - Apr 16th 2020 10:00am EDT

    Declassified Horowitz Footnotes Show Obama Officials Knew Steele Dossier Was Russian Disinfo Designed To Target Trump Authored by Sara Carter via SaraACarter.com, Systemic FBI Effort To Legitimize Steele and Use His Information To Target POTUS Newly declassified footnotes from Department of Justice Inspector General Michael Horowitz’s December FBI report reveals that senior Obama officials, including members of […]

  • Scientists Discover Alarming Coronavirus Mutation That Could Render Vaccine Useless

    ZeroHedge - Apr 16th 2020 9:45am EDT

    Scientists Discover Alarming Coronavirus Mutation That Could Render Vaccine Useless The prospect that SARS-CoV-2, the “novel” coronavirus responsible for causing the illness COVID-19, might be mutating and evolving as it spreads across the globe has been such a terrifying prospect for the scientific community, that medical experts like Dr. Anthony Fauci seem to avoid even […]

  • Is Nassim Taleb “The Only Man That Has A Clue”?

    ZeroHedge - Apr 16th 2020 9:30am EDT

    Is Nassim Taleb “The Only Man That Has A Clue”? Authored by Raul Ilargi Meijer via The Automatic Earth blog, Today, I’m going to try to show you how and why we know that in the case of a pandemic like the one we’re in, surrounded by doubts and uncertainties, there are still a series […]

  • ‪Shocking Images Show Body-Bags Piled Up In Vacant Detroit Hospital Rooms

    ZeroHedge - Apr 16th 2020 9:15am EDT

    ‪Shocking Images Show Body-Bags Piled Up In Vacant Detroit Hospital Rooms Detroit’s Sinai-Grace Hospital is making headlines this week via a new report from CNN that shows alleged images of body bags stacked inside a vacant room and in refrigerated trucks.  News of the hospital overwhelmed by COVID-19 deaths comes as refrigerated trucks were called in to […]

  • Elon Musk: “What I Find Most Surprising is That CNN Still Exists”

    ZeroHedge - Apr 16th 2020 8:59am EDT

    Elon Musk: “What I Find Most Surprising is That CNN Still Exists” Authored by Paul Joseph Watson via Summit News, Elon Musk called out CNN for erroneously reporting that more than 1,000 ventilators sent by Tesla to California hospitals hadn’t been received while expressing his surprise that the news network “still exists.” Last month, Musk […]

  • Philly Fed Collapses By Most Ever To 40 Year Lows

    ZeroHedge - Apr 16th 2020 8:50am EDT

    Philly Fed Collapses By Most Ever To 40 Year Lows Philly Fed joined the rest of the regional Fed surveys in an utter bloodbath. Against expectations of a -32.0 print, Philly Fed crashed to -56.6 – the lowest since 1980 and the biggest 2-month drop in history… Source: Bloomberg Under the hood it’s ugly: April […]

  • Housing Starts Collapse By Most In 36 Years

    ZeroHedge - Apr 16th 2020 8:41am EDT

    Housing Starts Collapse By Most In 36 Years Carnage in homebuilder sentiment following a record collapse in homebuyer sentiment means it really should not be a total surprise to see Housing Starts crash 22.3% MoM (the biggest drop since 1984)… Building Permits also plunged (down 6.8% MoM). Source: Bloomberg Under the hood, Single-family starts fell […]

  • Despite Stellar Trading Results Morgan Stanley Hit By Loss Provisions; Warning Of 30% Drop In April Trading Volume

    ZeroHedge - Apr 16th 2020 8:38am EDT

    Despite Stellar Trading Results Morgan Stanley Hit By Loss Provisions; Warning Of 30% Drop In April Trading Volume While corporate America’s income statement has been hit hard by the plunge in revenue and cash flow, its balance sheet remains resilient for now, although not for long with the pain expected to come over time as […]

  • 22 Million Jobless Claims In 1 Month: Last 4 Weeks Erase All Jobs Created Since The Great Recession

    ZeroHedge - Apr 16th 2020 8:34am EDT

    22 Million Jobless Claims In 1 Month: Last 4 Weeks Erase All Jobs Created Since The Great Recession In the last week 5.245 million Americans filed for unemployment benefits for the first time. Source: Bloomberg This level comes in right aaround Goldman’s estimate… That brings the four-week total to 22.025, which is over 10 times […]

  • Blain: Beware The Market “Judder”

    ZeroHedge - Apr 16th 2020 8:20am EDT

    Blain: Beware The Market “Judder” Authored by Bill Blain via MorningPorridge.com, “It was a closest run thing you ever saw in your life…” Markets stumbled y’day – caught between hopes the global economy will shortly reopen versus the increasingly dire economic outlook and the complexities of reopening. Yesterday’s record 8.7% decline in US retail sales […]

  • Futures Rebound Ahead Of 6 Million More In Jobless Claims

    ZeroHedge - Apr 16th 2020 8:02am EDT

    Futures Rebound Ahead Of 6 Million More In Jobless Claims Europe rebounded from yesterday’s slump, reversing earlier weakness in Asia, pushing global stock markets higher on Thursday as tentative moves to reopen parts of the some of its larger coronavirus-hit economies offset some truly stinking global economic numbers. U.S. stock index futures edged higher on […]

  • Global Food Supply Chains Beginning To Erode As Crisis Looms

    ZeroHedge - Apr 16th 2020 7:50am EDT

    Global Food Supply Chains Beginning To Erode As Crisis Looms Authored by Tom Lewis via GoldTelegraph.com, As the coronavirus continues to infect more and more people, food supply chains have started to become more strained in recent days. It was announced yesterday; the world’s biggest pork producer is closing a primary U.S plant indefinitely after […]

  • EU Apologizes To Italy For Tepid Coronavirus Response After Global Outbreak’s Deadliest Day: Live Updates

    ZeroHedge - Apr 16th 2020 7:10am EDT

    EU Apologizes To Italy For Tepid Coronavirus Response After Global Outbreak’s Deadliest Day: Live Updates Summary: Germany reports jump in new cases, deaths Spain reports most new cases in a week Turkey releases mafia boss from prison Global Times editor denies report about leak from Wuhan lab Chinese factories on verge of second shutdown European […]

  • Canadian Meat Industry Warns Of “Immediate And Drastic” Impact To Supply

    ZeroHedge - Apr 16th 2020 6:30am EDT

    Canadian Meat Industry Warns Of “Immediate And Drastic” Impact To Supply We have been covering the impact of coronavirus on meat processing facilities in the U.S. and now it looks as though Canada is feeling the shockwaves as well.  The country’s supply chain could come under pressure as industry leaders in Canada have warned of “immediate […]

  • Jim Rickards: “Get Ready For Social Disorder”

    ZeroHedge - Apr 16th 2020 6:00am EDT

    Jim Rickards: “Get Ready For Social Disorder” Authored by James Rickards via The Daily Reckoning, The stock market has rallied significantly in recent weeks, spurred by the Fed’s massive recent liquidity injections. But you really shouldn’t be terribly surprised by the rally. Even the worst bear markets see substantial bouncebacks. And you can expect the […]

  • Italian Beachtowns Plan “Plexiglass Cages” To Enforce Safe-Sunbathing This Summer

    ZeroHedge - Apr 16th 2020 5:30am EDT

    Italian Beachtowns Plan “Plexiglass Cages” To Enforce Safe-Sunbathing This Summer Once the quarantine is over, there will be time to explore and observe how society has evolved rapidly. Well, by the time everyone makes it out of the house this summer, we all might be ushered back into quarantine by fall as the second coronavirus […]

  • Welcome To The “New Normal” (In 50 Headlines)

    ZeroHedge - Apr 16th 2020 5:00am EDT

    Welcome To The “New Normal” (In 50 Headlines) Via Off-Guardian.org, Consent Factory have put together a wonderful collection of all the great work being done by our Beloved Governments to keep us all safe. Always remember that these Measures are for your own good. Doubting The Measures is a possible sign of infection. Consult your treatment diary for […]

  • World War Z? Dead Patient Infects Medical Examiner With COVID-19

    ZeroHedge - Apr 16th 2020 4:15am EDT

    World War Z? Dead Patient Infects Medical Examiner With COVID-19 It should now make sense why China was so adamant in cremating bodies as the fast-spreading virus terrorized Wuhan earlier this year. That is because, a new report published on April 11 says a medical examiner recently passed away after contracting COVID-19 from a corpse.  The incident […]