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  • Rabobank: MMT-rump

    ZeroHedge - Apr 1st 2020 9:50am EDT

    Rabobank: MMT-rump Submitted by Michael Every of Rabobank Another day, another trillion dollars. After noting for the nth time yesterday that not all currencies are equal, and that the Eurodollar system–that is to say, offshore USD liquidity–remains a structural issue regardless of the recent introduction of (too small) Fed swap lines with (too few) central […]

  • Ford Is Delaying North American Production “Indefinitely”

    ZeroHedge - Apr 1st 2020 9:35am EDT

    Ford Is Delaying North American Production “Indefinitely” With what are sure to be ugly March sales numbers looming, Ford has now decided it is cancelling plans to re-start production in the U.S. and Mexico over the next two weeks.  Citing risks associated with the coronavirus, the automaker has said the the suspension is “indefinite” and […]

  • Whiting Petroleum Files For Prepackaged Bankruptcy

    ZeroHedge - Apr 1st 2020 9:20am EDT

    Whiting Petroleum Files For Prepackaged Bankruptcy Talk about a coincidence: just as we were discussing why April would be “apocalyptic” for the oil industry, as Saudi Arabia just unleashed an unprecedented record amount of oil to buyers in a scramble to put its high-priced competitors out of business, warning that “countless oil producers would file […]

  • “It’s Hard To Envision That”: Biden Doubts Democratic National Convention Will Go Forward As Planned

    ZeroHedge - Apr 1st 2020 9:14am EDT

    “It’s Hard To Envision That”: Biden Doubts Democratic National Convention Will Go Forward As Planned Joe Biden doesn’t think the Democratic National Convention in Milwaukee will go off as planned this summer, telling MSNBC “It’s hard to envision that.” “Again, we should listen to the scientists,” he added. On the Democratic National Convention going forward […]

  • A Long Way Down To Value Still

    ZeroHedge - Apr 1st 2020 9:00am EDT

    A Long Way Down To Value Still Via Global Macro Monitor, Summary The stock market has completed the first phase of a bear market with a rapid and sharp Q1 sell-off caused by massive deleveraging Stocks still need to deal with its valuation problem as well as discounting the long-term financial and economic impact of […]

  • “Apocalyptic April”: Trump Fails To End Oil Price War As Saudis Unleash Oil Tsunami On The World

    ZeroHedge - Apr 1st 2020 8:49am EDT

    “Apocalyptic April”: Trump Fails To End Oil Price War As Saudis Unleash Oil Tsunami On The World Oil held steady near $20 on Wednesday, after President Trump’s pledge to meet with feuding producers Saudi Arabia and Russia (whose real feud is with US Shale producers) to support the market failed to bolster prices after their […]

  • Russia Sends “Very, Very Large Planeload” Of Masks, Medical Equipment To US

    ZeroHedge - Apr 1st 2020 8:46am EDT

    Russia Sends “Very, Very Large Planeload” Of Masks, Medical Equipment To US Reporters hounded President Trump during yesterday’s White House press conference about a Monday phone conversation between Trump and Russian President Vladimir Putin, where the two leaders agreed to hold talks about the chaos in the oil market. And in a gesture of goodwill, […]

  • Tucker Carlson: The WHO Helped China Cover-Up COVID-19

    ZeroHedge - Apr 1st 2020 8:30am EDT

    Tucker Carlson: The WHO Helped China Cover-Up COVID-19 Authored by Paul Joseph Watson via Summit News, Tucker Carlson exposed during a powerful monologue last night how the World Health Organization helped China cover-up the severity of coronavirus and how the U.S. media turned a blind eye. The Fox News host noted how World Health Organization […]

  • Small Businesses Lost Most Jobs Since Financial Crisis, ADP Reports

    ZeroHedge - Apr 1st 2020 8:18am EDT

    Small Businesses Lost Most Jobs Since Financial Crisis, ADP Reports Despite last week’s mind-numbing explosion in initial jobless claims, expectations were for a rather modest 150k drop in ADP employment in March… and in a shocking turn of events – ADP employment dropped a mere 27k jobs!?? Source: Bloomberg Both Goods and Services firms saw […]

  • Futures Tumble As Bear Market Rally Ends; Gundlach, Marks Expect New Lows

    ZeroHedge - Apr 1st 2020 8:09am EDT

    Futures Tumble As Bear Market Rally Ends; Gundlach, Marks Expect New Lows With the only question on traders’ mind whether the March 20 liquidation cascade was the market low, the market itself may be ready to give us the answer, because on the first day of the new month and new quarter – when the […]

  • End The Shutdown!

    ZeroHedge - Apr 1st 2020 7:56am EDT

    End The Shutdown! Via The Editors of The Mises Institute, The shutdown of the American economy by government decree should end. The lasting and far-reaching harms caused by this authoritarian precedent far outweigh those caused by the COVID-19 virus. The American people – individuals, families, businesses – must decide for themselves how and when to […]

  • Q2 Begins On The Back Foot

    ZeroHedge - Apr 1st 2020 7:35am EDT

    Q2 Begins On The Back Foot Submitted by Saxo Bank’s Elizabeth Creagh With the slate cleared of month/quarter end flows and pension fund rebalancing, Asia equity markets begin mixed. At the time of writing, ASX 200 +1.71%, Nikkei 225 -1.14%, KOSPI +0.40% and US futures heading lower on light volumes in the Asia session. This […]

  • Spanish COVID-19 Cases Pass 100k, Japan Closes Border To US & UK Citizens: Live Updates

    ZeroHedge - Apr 1st 2020 7:23am EDT

    Spanish COVID-19 Cases Pass 100k, Japan Closes Border To US & UK Citizens: Live Updates Just as the rate of new infections finally appears to have plateaued in Italy, Spain and France are reporting enough new cases to steal the spotlight. On Wednesday, the big story was Spain: Health Officials in Madrid reported. Once again, […]

  • As Pandemic Rages, NATO Shows Itself To Be As Irrelevant As Ever

    ZeroHedge - Apr 1st 2020 6:10am EDT

    As Pandemic Rages, NATO Shows Itself To Be As Irrelevant As Ever Authored by Brian Cloughley via The Strategic Culture Foundation, In 2015 Bill Gates gave a talk titled “We’re Not Ready for the Next Epidemic” in which, in a remarkable exhibition of understated and uncannily accurate prescience, he reflected on the outbreak of Ebola virus and […]

  • Why Did Russia Just Halt Domestic Gold Purchases?

    ZeroHedge - Apr 1st 2020 5:35am EDT

    Why Did Russia Just Halt Domestic Gold Purchases? As the gold market continues to deal with global liquidity issues, and virus-lockdown-related disruptions between paper and physical pricing as extremely high physical demand creates shortages, Russia made a surprise announcement on Monday. Starting April 1, Russia will be suspending its domestic gold purchases: “Since April 1, […]

  • Who’s Next To Fail In The Post-COVID World?

    ZeroHedge - Apr 1st 2020 5:00am EDT

    Who’s Next To Fail In The Post-COVID World? Authored by Tom Luongo via Gold, Goats, ‘n Guns blog, As much as I hate to invoke The Ayn Rand lest I give off the impression I’m some kind of Objectivist, which I am most certainly not, the engine of the world is coming to a halt. […]

  • Europe & Iran Complete First INSTEX Transaction, Dodging US Sanctions 

    ZeroHedge - Apr 1st 2020 4:15am EDT

    Europe & Iran Complete First INSTEX Transaction, Dodging US Sanctions  The very first transaction of the INSTEX special purpose ‘alternative’ vehicle between Europe and Iran has been successfully completed, according Germany’s Foreign Ministry Tuesday. “France, Germany and the United Kingdom confirm that INSTEX has successfully concluded its first transaction, facilitating the export of medical goods from […]

  • Spanish Government Being Sued For Encouraging Mass Gatherings Right As COVID-19 Hit

    ZeroHedge - Apr 1st 2020 3:30am EDT

    Spanish Government Being Sued For Encouraging Mass Gatherings Right As COVID-19 Hit Authored by Paul Joseph Watson via Summit News, The Spanish government is being sued for gross negligence after it encouraged citizens to attend giant feminist rallies across the country on March 8, potentially exposing hundreds of thousands of people to coronavirus. “A class […]

  • Iran Blames “Terrorists” For Pipeline Explosion On Turkish Border, Gas Exports Halted

    ZeroHedge - Apr 1st 2020 2:45am EDT

    Iran Blames “Terrorists” For Pipeline Explosion On Turkish Border, Gas Exports Halted On Tuesday a key pipeline carrying gas between Turkey and Iran exploded at the Gurbulak border gate on the Turkish side near the Iranian border, temporarily halting gas exports from Iran. Though most international reports treated the blast as mysterious in origin, including some Turkish […]

  • Sweden: Culture Of Silence

    ZeroHedge - Apr 1st 2020 2:00am EDT

    Sweden: Culture Of Silence Authored by Judith Bergman via The Gatestone Institute, A recent report published by Linköping University about the Swedish National Council for Crime Prevention (Brå), “Can Brå be trusted?” has claimed that Brå’s reports are politically biased. According to Brå’s own website, “Brå is an agency under the auspices of the Ministry of Justice and […]

  • Is America Able To Handle COVID-19? – Global Prospects Hang On This Question

    ZeroHedge - Apr 1st 2020 12:05am EDT

    Is America Able To Handle COVID-19? – Global Prospects Hang On This Question Authored by Alastair Crooke via The Strategic Culture Foundation, As the lockdowns across Europe began to bite, the U.S. Establishment began its ‘wobble’. The more elegant amongst élite circles pointed to a dangerous mis-match in timelines: The medical advice has been: ‘lockdown […]

  • It’s Happening: Oil Producers Are Now Paying Clients As Wyoming Sour Price Turns Negative

    ZeroHedge - Mar 31st 2020 11:57pm EDT

    It’s Happening: Oil Producers Are Now Paying Clients As Wyoming Sour Price Turns Negative When Goldman’s crude oil analysts wrote on Monday that “This Is The Largest Economic Shock Of Our Lifetimes”, they echoed something we said last week – nameley that the record surge in excess oil output amounting to a mindblowing 20 million […]

  • Harvard Acceptance Rates Rise As Most Ivy League Schools Become Less Selective

    ZeroHedge - Mar 31st 2020 11:45pm EDT

    Harvard Acceptance Rates Rise As Most Ivy League Schools Become Less Selective Ivy League schools, known for being the most selective colleges in the nation, became a little less selective this year. Names like Harvard, Dartmouth and Penn have all posted increased acceptance rates for classes that will begin this fall, according to a new […]

  • The Places In America With The Most “At Risk Populations” For COVID-19

    ZeroHedge - Mar 31st 2020 11:25pm EDT

    The Places In America With The Most “At Risk Populations” For COVID-19 Authored by Jen Hood, via MastersOfBusinessAnalytics.com, The coronavirus crisis has turned many Americans into amateur data scientists who are studying health data and statistics on a daily basis. Are the rates of infections rising? Are they rising but accelerating or decelerating? Are the […]

  • UBS: Does Anyone Know What Is Happening?

    ZeroHedge - Mar 31st 2020 11:10pm EDT

    UBS: Does Anyone Know What Is Happening? Authored by UBS Chief Economist, Paul Donovan Does anyone know what is happening? Economic data is likely to become increasingly unreliable as a result of the coronavirus lockdown. We know the global economy will be bad. We will not know, with much accuracy, just how bad. Annualizing data […]