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  • Just How Bad Is It Going To Get: JPMorgan Halts All Non-Government Guaranteed Small Business Loans

    ZeroHedge - Apr 8th 2020 7:47pm EDT

    Just How Bad Is It Going To Get: JPMorgan Halts All Non-Government Guaranteed Small Business Loans With America’s small and medium businesses suffering from cardiac arrest now that the economy is in a indefinite coma, it is hardly a surprise that the largest US bank, JPMorgan Chase has been inundated with more than 375,000 requests […]

  • If Every Citizen Had N95 Masks, Would Government Be Justified In Locking-Down The Population Next Time?

    ZeroHedge - Apr 8th 2020 7:20pm EDT

    If Every Citizen Had N95 Masks, Would Government Be Justified In Locking-Down The Population Next Time? Authored by Darren Smith via JonathanTurley.org, I have to wonder if our state government’s lockdown of the population, curtailment of civil liberties, destruction of job opportunities, and denial of basic medical, education, and cultural needs would have been necessary […]

  • America’s New Breadlines Are Growing…

    ZeroHedge - Apr 8th 2020 7:00pm EDT

    America’s New Breadlines Are Growing… Over the past month, the American economy has collapsed into a depression, with the most significant unemployment spike in history. Millions of people have just lost their jobs, and as we’ve been documenting, food bank networks across the country are becoming overwhelmed.  We recently said that some food banks had seen an eightfold […]

  • Nomura: “This Unenthusiastic, Inorganic Bear Market Rally” Faces An April 22 Day Of Reckoning

    ZeroHedge - Apr 8th 2020 6:40pm EDT

    Nomura: “This Unenthusiastic, Inorganic Bear Market Rally” Faces An April 22 Day Of Reckoning Just in case Nomura’s quant Masanari Takada wasn’t clear enough yesterday when he said that the current rally, which pushed the S&P back into a bull market from its March 24 lows was nothing more than a giant “bear squeeze” rally, […]

  • Bankrupting America

    ZeroHedge - Apr 8th 2020 6:20pm EDT

    Bankrupting America Authored by John Stossel, op-ed via Townhall.com, Two weeks ago, President Donald Trump signed the largest stimulus bill in U.S. history: more than $2 trillion. For once, both Republicans and Democrats agreed. The Senate voted 96-0. The House didn’t even bother with a formal vote. At the White House, a reporter asked the […]

  • WeWork Has Stopped Paying Rent On Multiple Locations

    ZeroHedge - Apr 8th 2020 6:00pm EDT

    WeWork Has Stopped Paying Rent On Multiple Locations Amid asset sales, boardroom battles, and seemingly endless litigation, WeWork has decided to jump on the “well, why should we have to pay according to a signed contract when no one else is” bandwagon and is reportedly skipping rent payments on numerous properties. Amid an effort to […]

  • States Use “Purge” Sirens, Fines, And Arrests To Force People To Comply With Stay-At-Home Order

    ZeroHedge - Apr 8th 2020 5:40pm EDT

    States Use “Purge” Sirens, Fines, And Arrests To Force People To Comply With Stay-At-Home Order Via Mass Private I, Historically speaking, it is hard for Americans to see how their liberties have been taken away. With the COVID-19 pandemic spreading across the country, hopefully that will no longer be the case. In Crowley, Louisiana police […]

  • Pelosi Warns Next Small Business Stimulus Spending Bill Would Not Pass House If Democrats Don’t Get What They Want

    ZeroHedge - Apr 8th 2020 5:26pm EDT

    Pelosi Warns Next Small Business Stimulus Spending Bill Would Not Pass House If Democrats Don’t Get What They Want Unlike the Phase 3 of the fiscal stimulus, which represented $2.2 trillion in bailout aid for America’s small and medium business, and which passed through Congress without a glitch if with some delays, the next – […]

  • COVID-19 To “Shock” US Economy Into Deep Contraction, 13% Unemployment By June, WSJ Survey Says

    ZeroHedge - Apr 8th 2020 5:20pm EDT

    COVID-19 To “Shock” US Economy Into Deep Contraction, 13% Unemployment By June, WSJ Survey Says The Wall Street Journal published a new monthly survey that outlines the severe economic impact of shutting down cities across America to mitigate the spread of the COVID-19 pandemic.  The survey of 57 economists from April 3-7 includes 14.4 million job losses and […]

  • Three In Four Americans Have Self-Isolated In Their Household: Gallup

    ZeroHedge - Apr 8th 2020 5:00pm EDT

    Three In Four Americans Have Self-Isolated In Their Household: Gallup Authored by Justin McCarthy of Gallup, Three in four Americans say they have completely (28%) or mostly (47%) isolated themselves from people outside their household. The percentage who are self-isolating rapidly increased between March 16 and 26, but has shown only modest change since then. […]

  • Watch Live: White House Coronavirus Task Force Delivers Wednesday Press Briefing

    ZeroHedge - Apr 8th 2020 4:55pm EDT

    Watch Live: White House Coronavirus Task Force Delivers Wednesday Press Briefing It’s that time again. As the global coronavirus case total passes 1.5 million, President Trump and the VP Mike Pence-led coronavirus task force will deliver their big Wednesday night update some time after 5 p.m.         Tyler Durden Wed, 04/08/2020 – […]

  • “Black Swan” Hedge Fund Advised By Nassim Taleb Returns 3,612% In March

    ZeroHedge - Apr 8th 2020 4:40pm EDT

    “Black Swan” Hedge Fund Advised By Nassim Taleb Returns 3,612% In March During the financial crisis, when most hedge funds suffered catastrophic returns forcing many to gate their investors, Mark Spitznagel, who is perhaps best known for the phrase “I spend all my time thinking about looming disaster”, made what the WSJ reported was “huge […]

  • Encounters Of An Average American Nobody With The ‘Curious’ COVID New World

    ZeroHedge - Apr 8th 2020 4:20pm EDT

    Encounters Of An Average American Nobody With The ‘Curious’ COVID New World Authored by Doug “Uncola” Lynn via TheBurningPlatform.com, Last week, I read an online article in my local paper telling of a 68-year-old gentleman who died from COVID-19. In the article, it described how the man had retired in the last year because of cancer. Then, two […]

  • Stocks Bounce On ‘Peak Virus’ Hope Despite World’s Deadliest Day Yet

    ZeroHedge - Apr 8th 2020 4:01pm EDT

    Stocks Bounce On ‘Peak Virus’ Hope Despite World’s Deadliest Day Yet After the deadliest virus day in the world yesterday, today started with optimistic comments by Fauci about a turning point and the total deaths likely be lower than predicted… only to be crushed by the deadliest day ever in UK, the deadliest day ever […]

  • S&P Futures Surge 20 Points In One Tick On $2BN MOC Buy Imbalance

    ZeroHedge - Apr 8th 2020 4:00pm EDT

    S&P Futures Surge 20 Points In One Tick On $2BN MOC Buy Imbalance In a mirror image of yesterday’s last 10 minutes action, when the S&P dumped by 40 points in seconds, when a $2.4BN “market on close” sale imbalance was announced at 3:50pm ET… … moments ago, the market on close imbalance was unveiled, […]

  • Nelson Peltz’s Trian Partners Down 16% In March As Unhedged Bets In Food & Beverage Slammed

    ZeroHedge - Apr 8th 2020 3:45pm EDT

    Nelson Peltz’s Trian Partners Down 16% In March As Unhedged Bets In Food & Beverage Slammed Nelson Peltz and Trian Partners were amongst those not “immune” to the coronavirus impact on markets to start the year, with his portfolio taking a 16% hit in March alone. Year to date, it puts the asset manager down […]

  • Morgan Stanley Spots Something Very Strange About This Rally

    ZeroHedge - Apr 8th 2020 3:30pm EDT

    Morgan Stanley Spots Something Very Strange About This Rally Following an earlier note from Morgan Stanley’s quants which observed that the rally in stocks and the plunge in the VIX has been abnormally fast for a country sliding into a deep recession… … a follow up report has found something outright bizarre about the rally: […]

  • Google Bans Zoom Software From Company Computers Over Security Concerns

    ZeroHedge - Apr 8th 2020 3:22pm EDT

    Google Bans Zoom Software From Company Computers Over Security Concerns Zoom has had quite a ride over the past few weeks, from darling WFH stock to virtually a piece of malware, as we declared earlier, especially now that attorneys general from at least 27 states have either raised questions or requested more information from Zoom […]

  • FDA Fast-Tracks Promising COVID-19 Treatment From Johns Hopkins

    ZeroHedge - Apr 8th 2020 3:14pm EDT

    FDA Fast-Tracks Promising COVID-19 Treatment From Johns Hopkins While the use of hydroxychloroquine (and zinc) to treat COVID-19 has dominated headlines for weeks, a new method of treatment developed by Johns Hopkins Hospital has just been given special approval by the FDA to be fast-tracked. Known as convalescent serum therapy, the antibody-rich blood plasma from […]

  • The Liquidity Crisis Is Quickly Becoming A Global Solvency Crisis As FRA/OIS, Euribor Soar

    ZeroHedge - Apr 8th 2020 3:00pm EDT

    The Liquidity Crisis Is Quickly Becoming A Global Solvency Crisis As FRA/OIS, Euribor Soar One month after turmoil was unleashed on capital markets, when the combination of the Saudi oil price war and the sweeping impact of the coronavirus pandemic finally hit developed nations, what was until now mostly a liquidity crisis is starting to […]

  • The Worst Economic Collapse Ever?

    ZeroHedge - Apr 8th 2020 2:45pm EDT

    The Worst Economic Collapse Ever? Authored by Tuomas Malinen via GnSEconomics.com, Country after country has reported extremely dark economic numbers. The gigantic jobless claims, 6.6 million from the U.S. last week, are just the tip of the iceberg. For example, the service sector PMIs have been simply ghastly across the globe. We are now in a crisis […]

  • Crude Soars, USO Halted After Algeria Says OPEC+ Production Cuts Could Reach 10MMb/d

    ZeroHedge - Apr 8th 2020 2:29pm EDT

    Crude Soars, USO Halted After Algeria Says OPEC+ Production Cuts Could Reach 10MMb/d Crude has exploded higher, in the process triggering a limit up circuit breaker of the biggest oil ETF, the USO… … following a report quoting the Algeria oil minister that OPEC+ production cuts could reach 10mmb/d when OPEC+ meets in its teleconference […]

  • Schiff: People Are Still Too Focused On The ‘Pin’ & Not The ‘Bubble’

    ZeroHedge - Apr 8th 2020 2:20pm EDT

    Schiff: People Are Still Too Focused On The ‘Pin’ & Not The ‘Bubble’ Via SchiffGold.com, There seems to be some optimism in the markets that the end of the coronavirus shutdown is getting closer. There is also this resistant myth that the economy will just fire back up at the snap of a finger. Peter Schiff recently […]

  • FOMC Minutes Signal “Profoundly Uncertain” Outlook, Feared Treasury Market Disfunction

    ZeroHedge - Apr 8th 2020 2:07pm EDT

    FOMC Minutes Signal “Profoundly Uncertain” Outlook, Feared Treasury Market Disfunction Today’s minutes will provide detail on the Fed decisions announced on March 3 and March 15 after Fed Chair Jerome Powell convened emergency meetings as the scale of the pandemic and its risk to the U.S. economy became clear. The readout may also include their […]

  • Senator Liquidates Remaining Stocks After Coronavirus Controversy

    ZeroHedge - Apr 8th 2020 1:50pm EDT

    Senator Liquidates Remaining Stocks After Coronavirus Controversy Sen. Kelly Loeffler (R-GA) and her husband Jeffrey Sprecher are liquidating the rest of their stock holdings and will instead invest in exchange traded funds (ETFs), according to Axios. The move comes after Loeffler and other lawmakers came under fire for selling stocks following a private congressional briefing […]