News From ZeroHedge, Page 3158

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  • Surrendered Without A Shot…

    ZeroHedge - Apr 9th 2020 11:51am EDT

    Surrendered Without A Shot… Authored by Robert Gore via Straight Line Logic blog, The Global War on Germs will put the Global War on Terror to shame… Their “cure” for the coronavirus will be far deadlier than the disease. The quarantines and lockdowns will bring the world to a standstill—that’s the point… – “The Last […]

  • Bernie Led The US To The Holy MMT Land But Didn’t Get To Go In

    ZeroHedge - Apr 9th 2020 11:45am EDT

    Bernie Led The US To The Holy MMT Land But Didn’t Get To Go In From Michael Every of Rabobank For once there are headlines that are not 100% virus-focused. First, the US presidential election officially became a two-horse race when Bernie Sanders decided to follow the advice from The Highlander: “You know what they […]

  • Papadopoulos Denied Trump Campaign Involvement With DNC ‘Hack’ In Secretly Recorded Conversation

    ZeroHedge - Apr 9th 2020 11:36am EDT

    Papadopoulos Denied Trump Campaign Involvement With DNC ‘Hack’ In Secretly Recorded Conversation Former 2016 Trump campaign adviser George Papadopoulos was secretly recorded by a FBI confidential source (CHS), two weeks before the election, where he denied that the campaign was involved in obtaining the DNC’s emails which were later published by WikiLeaks, according to CBS […]

  • The World Has Changed More Than We Know

    ZeroHedge - Apr 9th 2020 11:00am EDT

    The World Has Changed More Than We Know Authored by Charles Hugh Smith via OfTwoMinds blog, Put another way: eras end. While the mainstream media understandably focuses on the here and now of the pandemic, some commentators are looking at the long-term consequences. Here is a small sampling: Coronavirus, synchronous failure and the global phase-shift Coronavirus Will […]

  • Oil Surges After Saudis, Russia Reportedly Reach Production Cut Deal; Cuts As Large As 20mmb/d “Discussed”

    ZeroHedge - Apr 9th 2020 10:47am EDT

    Oil Surges After Saudis, Russia Reportedly Reach Production Cut Deal; Cuts As Large As 20mmb/d “Discussed” With the virtual OPEC+ meeting starting the headlines and notorious jawbones and trial balloons are coming in fast, and Reuters reports that Saudi and Russia have reached a deal on deep oil output cuts, according to OPEC source while […]

  • London-Based ’50 Cent’-Fund Made $2.6 Billion As Markets Collapsed

    ZeroHedge - Apr 9th 2020 10:43am EDT

    London-Based ’50 Cent’-Fund Made $2.6 Billion As Markets Collapsed As we detailed last week, since 2017, we have been following the bread-crumbs of the mysterious VIX-whale nicknamed “50-Cent” – so-called for his habit of scooping up super-cheap VIX calls at a price around 50c (and with very good timing): April 2017 – Who Is The […]

  • The Nasdaq Just Puked Back Into The Red

    ZeroHedge - Apr 9th 2020 10:28am EDT

    The Nasdaq Just Puked Back Into The Red Well that’s not supposed to happen… Nasdaq has puked back all The Fed gains… For now, The Dow and S&P are holding gains… HYG is still up massively but is fading… If this move by The Fed doesn’t work… there’s only one thing left for them to […]

  • Consequences & Why COVID-19 Is The MacGuffin

    ZeroHedge - Apr 9th 2020 10:25am EDT

    Consequences & Why COVID-19 Is The MacGuffin Authored by Bill Blain via MorningPorridge.com, “And all I ask is a tall ship, and the wheel’s kick and the wind’s song and white sail’s breaking….” Another day in lockdown begins. When they come to make the film of this crisis, it will quickly become apparent the Virus is […]

  • UMich Consumer Sentiment Crashes By Most Ever

    ZeroHedge - Apr 9th 2020 10:14am EDT

    UMich Consumer Sentiment Crashes By Most Ever While not entirely surprising, the scale and suddenness of the collapse on confidence among American consumers is stunning. The latest data from University of Michigan is a bloodbath… The preliminary University of Michigan consumer sentiment survey for April fell to 71.0 vs. 89.1 prior month, largest monthly decline […]

  • Powell Promises Spark Biggest Junk Bond Price-Spike In Over A Decade

    ZeroHedge - Apr 9th 2020 10:01am EDT

    Powell Promises Spark Biggest Junk Bond Price-Spike In Over A Decade HYG – the largest high yield bond ETF – is up a stunning 8% this morning after The Fed surprised the market with its new “we’ll buy any old crap” policy. This is the biggest daily jump since Oct 2008… The broad credit market […]

  • Watch Live: Powell Speaks At Brookings After Unveiling New Fed Bailout Program

    ZeroHedge - Apr 9th 2020 9:57am EDT

    Watch Live: Powell Speaks At Brookings After Unveiling New Fed Bailout Program With the “Paycheck Protection Program” in turmoil as banks drag their feet over concerns about culpability for fraud and abuse, the Fed once again stepped up as Jerome Powell ordered the Fed to provide another $2.3 trillion in emergency loans along with new […]

  • When Work Is Punished: Did The ‘Generous’ CARES Act Just Guarantee High Unemployment Is Here To Stay?

    ZeroHedge - Apr 9th 2020 9:55am EDT

    When Work Is Punished: Did The ‘Generous’ CARES Act Just Guarantee High Unemployment Is Here To Stay? A number of years ago, we first introduced the topic of a ‘welfare cliff’ at which more work was punished – i.e. the ‘generosity’ of the package of welfare benefits creates a perverse incentive not to work any […]

  • Gold Is Soaring…

    ZeroHedge - Apr 9th 2020 9:41am EDT

    Gold Is Soaring… The Fed just went full retard (even fuller retard than it had gone two weeks ago) and along with its promise to buy pretty much anything and make all collateral money-good, it has eased an apparent resurgence in dollar liquidity stresses. The FRA-OIS spread had been blowing out, signaling dollar tightness… well […]

  • Free Markets Are Dead: Fed To Start Buying Junk Bonds, Junk ETFs

    ZeroHedge - Apr 9th 2020 9:37am EDT

    Free Markets Are Dead: Fed To Start Buying Junk Bonds, Junk ETFs Back on March 23, when the Fed unveiled it would start buying investment grade corporate bonds, we said “now that the Fed is effectively all in, it will buy stocks and junk bonds next.” We were right. But let’s back up. A few […]

  • UK Unleashes Helicopter Money: In Historic Move, BOE Becomes First Central Bank To Openly Monetize Deficit

    ZeroHedge - Apr 9th 2020 9:14am EDT

    UK Unleashes Helicopter Money: In Historic Move, BOE Becomes First Central Bank To Openly Monetize Deficit In a historical move, the Bank of England announced this morning that it will begin to finance the short-term needs of the Treasury, in other words it will directly monetize the UK deficit, something central banks had – for […]

  • Dr. Fauci Says US COVID-19 US Deaths Could Be As Low As 60K After Warning “Millions Could Die”

    ZeroHedge - Apr 9th 2020 9:10am EDT

    Dr. Fauci Says US COVID-19 US Deaths Could Be As Low As 60K After Warning “Millions Could Die” A few weeks ago, Dr. Anthony Fauci sat down in front of Congress and warned that millions of Americans could die if the federal government didn’t take the outbreak seriously. And now, after the Trump Administration scrambled […]

  • US Fighter Jets Intercept Two Russian Aircraft Over Bering Sea

    ZeroHedge - Apr 9th 2020 8:54am EDT

    US Fighter Jets Intercept Two Russian Aircraft Over Bering Sea US F-22 fighter jets intercepted two Russian IL-38 patrol aircraft entering the Alaskan Air Defense Identification Zone on Wednesday, according to a Thursday report by the North American Aerospace Defense Command. The US jets were accompanied by a KC-135 Stratotanker and an E-3 AWACS aircraft. […]

  • Fed Unveils New Bailout Program, Will Provide Up To $2.3 Trillion In Loans To “Support Economy”

    ZeroHedge - Apr 9th 2020 8:44am EDT

    Fed Unveils New Bailout Program, Will Provide Up To $2.3 Trillion In Loans To “Support Economy” In our report from last night that JPM has halted all non-government guaranteed small business loans on what we surmised was fears of a default tsunami set to hit America’s companies, we asked “just how bad is it going […]

  • A Shocking 17 Million Americans Have Filed For Unemployment In Past 3 Weeks

    ZeroHedge - Apr 9th 2020 8:33am EDT

    A Shocking 17 Million Americans Have Filed For Unemployment In Past 3 Weeks Two weeks ago it was a record 3.3 million initial claims;  last week it was an  additional (upwardly revised) 6.875 million in initial claims, and this week another 6.606 million claims (almost exactly our expectation of 6.5 million). That is a shocking […]

  • Visualizing The Pandemiconomy: What Are Shoppers Buying Online During COVID-19?

    ZeroHedge - Apr 9th 2020 8:22am EDT

    Visualizing The Pandemiconomy: What Are Shoppers Buying Online During COVID-19? The COVID-19 pandemic is having a significant impact on every aspect of life, including how people shop for their necessities, and their not-so-necessities. With online retail sales estimated to reach an eye-watering $6.5 trillion by 2023, the ecommerce sector was already booming. But, as Visual Capitalist’s Katie […]

  • Futures Reverse Rally As Oil Slides Ahead Of Surge In Unemployment Claims

    ZeroHedge - Apr 9th 2020 8:06am EDT

    Futures Reverse Rally As Oil Slides Ahead Of Surge In Unemployment Claims U.S. stock index futures dipped on Thursday, reversing a 3-day rally as investors braced for another staggering weekly jobless claims number, while European stocks clung to modest gains on the last trading day before the Easter holiday. Oil initially rose in the wake […]

  • Japan & Russia Report Worrisome Surge In New Cases, Britons Warned Lockdown To Be Extended: Live Updates

    ZeroHedge - Apr 9th 2020 7:27am EDT

    Japan & Russia Report Worrisome Surge In New Cases, Britons Warned Lockdown To Be Extended: Live Updates As Holy Week draws to a close and the long Holiday Weekend begins, the optimism that helped inspire the biggest bounce since the ‘rona rout appears to have faded, and Dow futs are back to being three figures […]

  • When Plagues Pass: Slower Growth, Social Unrest, & Labor Gets The Upper Hand

    ZeroHedge - Apr 9th 2020 6:30am EDT

    When Plagues Pass: Slower Growth, Social Unrest, & Labor Gets The Upper Hand Authored by John Authers, op-ed via Bloomberg.com, As the Black Death scythed through Europe in 1348 and 1349, workers across the continent discovered that they had power for the first time in their lives. Textile workers in St. Omer in northern France asked […]

  • France Developing Surveillance App Called “StopCovid” To Mitigate Virus Spread

    ZeroHedge - Apr 9th 2020 6:00am EDT

    France Developing Surveillance App Called “StopCovid” To Mitigate Virus Spread The world is sleepwalking into a surveillance state. The march towards an Orwellian society is closer than ever, as governments have used COVID-19 as a perfect cover to implement totalitarian measures to track citizens that amount to human rights violations to “flatten the pandemic curve.” […]

  • Public Fears, Anger Over 5G-Virus Conspiracy-Theories “Shouldn’t Be Underestimated”

    ZeroHedge - Apr 9th 2020 5:30am EDT

    Public Fears, Anger Over 5G-Virus Conspiracy-Theories “Shouldn’t Be Underestimated” A conspiracy theory linking 5G to the coronavirus has spread like wildfire. In fact, so many people believe this theory that over the weekend, numerous 5G base transmission systems were burned down in Britain amid claims aired on social-media that the technology contributes to the spread […]