News From ZeroHedge, Page 3190

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  • Global Pandemic Response Handing Governments Sweeping Powers They May Never Relinquish

    ZeroHedge - Mar 27th 2020 6:25pm EDT

    Global Pandemic Response Handing Governments Sweeping Powers They May Never Relinquish While the response to the coronavirus pandemic have ranged from mocking the disease (such has Brazil’s Bolsonaro) to physically sealing people inside of apartment buildings in China, governments are deploying an array of legislative and technical measures to track and control citizens during the […]

  • COVID-19 Is Not Even Close To America’s Biggest Problem

    ZeroHedge - Mar 27th 2020 6:05pm EDT

    COVID-19 Is Not Even Close To America’s Biggest Problem Authored by Bryce Buchanan via AmericanThinker.com, The COVID-19 pandemic can be used to illustrate two problems that are both more destructive than the virus.   The problems relate to how Americans view the role of government in their lives and to the belief that government money can […]

  • New Orleans Mayor: Mardis Gras Go-Ahead Was ‘Trump’s Fault’ As Big Easy Becomes Southern Epicenter

    ZeroHedge - Mar 27th 2020 5:45pm EDT

    New Orleans Mayor: Mardis Gras Go-Ahead Was ‘Trump’s Fault’ As Big Easy Becomes Southern Epicenter “Hot spots like Detroit, like Chicago, like New Orleans… will have a worse week next week than what they had this week,” US Surgeon General Dr. Jerome Adams warned in a “CBS This Morning” on Friday. This as Louisiana has surpassed 2,300 […]

  • Fitch Downgrades UK Credit Rating To AA- After Sterling’s Best Week Since 1985 Plaza Accord

    ZeroHedge - Mar 27th 2020 5:30pm EDT

    Fitch Downgrades UK Credit Rating To AA- After Sterling’s Best Week Since 1985 Plaza Accord The Pound Sterling soared a stunning 7.1% this week – its greatest weekly gains since 1985 and the beginning of the Plaza Accord – but apparently that strengthening currency was not enough for Fitch who downgraded The United Kingdom’s credit […]

  • Not All Americans Are Fighting Over Toilet Paper: 5 Good Deeds Done During The COVID-19 Pandemic

    ZeroHedge - Mar 27th 2020 5:25pm EDT

    Not All Americans Are Fighting Over Toilet Paper: 5 Good Deeds Done During The COVID-19 Pandemic Authored by Cassius K. via The Organic Prepper blog, During difficult times, you’ll notice an emergence of conscience and courage in a lot of people. You might see people being willing to help others even when they are at […]

  • JPMorgan’s Equity Derivatives Desk Has Made A Massive $1.5 Billion Score So Far This Year

    ZeroHedge - Mar 27th 2020 5:05pm EDT

    JPMorgan’s Equity Derivatives Desk Has Made A Massive $1.5 Billion Score So Far This Year While there has been widespread chaos among Wall Street, with the coronavirus proving to some alpha male traders that they’re not as tough as they think there are, there has been one sliver of the street that has been making […]

  • When, Exactly, Was The Moment When The Financial World Broke With Reality?

    ZeroHedge - Mar 27th 2020 4:45pm EDT

    When, Exactly, Was The Moment When The Financial World Broke With Reality? Authored by James Howard Kunstler via Kunstler.com, Historians of the future, pan-roasting fresh-caught June bugs over their campfires, may wonder when, exactly, was the moment when the financial world broke with reality. Was it when Nixon slammed the “gold window” shut? When “maestro” […]

  • COVID-19 May Attack Testicles, Reduce Testosterone: Study

    ZeroHedge - Mar 27th 2020 4:25pm EDT

    COVID-19 May Attack Testicles, Reduce Testosterone: Study Doctors in central Wuhan are planning to conduct a long-term study of the effects of COVID-19 on the male reproductive system after a small study of 81 men revealed that coronavirus patients haed roughly half the normal ratio of testosterone after contracting the disease, according to SCMP. Though […]

  • Stocks Soar To Best Week Since The ’30s As Dollar & Bond Yields Crash

    ZeroHedge - Mar 27th 2020 4:00pm EDT

    Stocks Soar To Best Week Since The ’30s As Dollar & Bond Yields Crash After an unprecedented explosion in fiscal largesse… Led by USA… And the greatest easing of monetary policy ever… Which, for The Fed, looks like this… Source: Bloomberg Who would be surprised that we saw stocks dead-cat-bounce this week… Source: Bloomberg Exactly […]

  • Stocks Tumble After Fed Announces It Will Reduce Treasury QE From $75BN to $60BN Per Day

    ZeroHedge - Mar 27th 2020 3:45pm EDT

    Stocks Tumble After Fed Announces It Will Reduce Treasury QE From $75BN to $60BN Per Day After desperately trying to ramp to green, stocks are tumbling (along with bond yields) after The Fed confirmed that there is now a sudden shortage of bonds as demonstrated by the recent repo ops that saw zero submissions (as […]

  • Hubei Residents Riot After Quarantine Lifted; Police Beaten With Their Own Shield, Cop Cars Overturned

    ZeroHedge - Mar 27th 2020 3:35pm EDT

    Hubei Residents Riot After Quarantine Lifted; Police Beaten With Their Own Shield, Cop Cars Overturned Residents of Hubei province in China teamed up with their local police force to battle the police from neighboring Jiangxi province – who set up a roadblock on the Yangtze River Bridge to prevent the people of Hubei from crossing […]

  • It’s Not About Jobless Claims Today, It’s About What Will Hamper Job Growth In A Few Months

    ZeroHedge - Mar 27th 2020 3:20pm EDT

    It’s Not About Jobless Claims Today, It’s About What Will Hamper Job Growth In A Few Months Authored by Jeffrey Snider via Alhambra Investments, You’ve no doubt heard about the jobless claims number. At an incomprehensible 3.28 million Americans filing for unemployment for the first time, this level far exceeded the wildest expectations as the […]

  • Here Is A Breakdown Of The $12 Trillion In Global Stimulus Passed This Month

    ZeroHedge - Mar 27th 2020 3:05pm EDT

    Here Is A Breakdown Of The $12 Trillion In Global Stimulus Passed This Month A favorite phrase of Bank of America’s chief investment strategist, and certainly an accurate one, is that “Markets stop panicking when policy makers start panicking.” Seen in this light, the only question is whether policymakers have panicked enough in response to […]

  • Ginnie Mae Weighs Bailout For Servicers After Major Mortgage-Lender Slashes 70% Of Workforce

    ZeroHedge - Mar 27th 2020 2:52pm EDT

    Ginnie Mae Weighs Bailout For Servicers After Major Mortgage-Lender Slashes 70% Of Workforce Update (1500ET): A top U.S. regulator is exploring whether to throw a lifeline to mortgage servicers stressed by the coronavirus pandemic by tapping a program meant to address natural disasters. Bloomberg reports that, in order to prepare for an expected wave of […]

  • “What’s Happening Now Is Epic” – Un-hedged & Un-hinged Fund Managers Manic Amid Corona-Crisis

    ZeroHedge - Mar 27th 2020 2:25pm EDT

    “What’s Happening Now Is Epic” – Un-hedged & Un-hinged Fund Managers Manic Amid Corona-Crisis It’s been a tough year for hedge funds so far. In fact, truth be told, it’s been a tough few years as the incessant flood of free money into markets has made ‘masters of the universe’ of the dumbest investors and […]

  • With Heroes Like This, Who Needs Villains?

    ZeroHedge - Mar 27th 2020 2:04pm EDT

    With Heroes Like This, Who Needs Villains? Via SchiffGold.com, According to Owen Ullmann in an op-ed published by USA Today, there are some unsung “heroes” in the battle against the coronavirus pandemic – the brave and courageous bankers at the Federal Reserve. I think Ulmann misspelled “villains.” Ulmann writes that the Fed “has taken extraordinary steps to […]

  • “The Bond Bubble Pops”: This Is Why The Fed Bailed Out The Bond Market

    ZeroHedge - Mar 27th 2020 1:47pm EDT

    “The Bond Bubble Pops”: This Is Why The Fed Bailed Out The Bond Market There is a reason why the Fed took the unprecedented step to announce it would begin buying corporate bonds this week: according to Bank of America, which is looking at the latest EPFR fund flow data, March 20 was the “bond […]

  • House Passes $2 Trillion COVID-19 Bill For Trump’s Signature

    ZeroHedge - Mar 27th 2020 1:34pm EDT

    House Passes $2 Trillion COVID-19 Bill For Trump’s Signature After holding up the process for over a week, the House has finally passed the $2 trillion coronavirus stimulus package via voice vote, despite a Republican lawmaker’s insistence that his colleagues go on record in favor of, or against the legislation.  It will be sent to […]

  • Despite “No Information”, Homeland Security Fearmongers That “Violent Extremists” Will Exploit Public’s Virus Fears 

    ZeroHedge - Mar 27th 2020 1:25pm EDT

    Despite “No Information”, Homeland Security Fearmongers That “Violent Extremists” Will Exploit Public’s Virus Fears  Alarmists at the Department of Homeland Security (DHS) are now suggesting, in a new memo, first seen by ABC News, that terrorists could soon attack critical infrastructure on US soil, plunging the country into deeper turmoil during the COVID-19 outbreak.  Besides the […]

  • The 1930s Guide To Whether The Rally Can Continue

    ZeroHedge - Mar 27th 2020 1:05pm EDT

    The 1930s Guide To Whether The Rally Can Continue Submitted by Peter Garnry, Head of Equity Strategy, Saxo Bank Summary: Yesterday’s close in S&P 500 marked a 17.6% gain in three trading session something we haven’t observed since the 1930s in a testimony to how volatile markets have become during this COVID-19 outbreak. We have […]

  • To Help Banks, Fed Delays Implementation Of “Biggest Bank Accounting Change In Decades”

    ZeroHedge - Mar 27th 2020 12:46pm EDT

    To Help Banks, Fed Delays Implementation Of “Biggest Bank Accounting Change In Decades” At the end of January, the American Banker website, a proxy voice for the US banking industry, published a report explaining why in the author’s view, the so-called CECL accounting standard (or Current Expected Credit Losses) is a threat to the financial […]

  • Tesla Furloughs Employees Due To “Very Few New Orders” And A “Drop In Demand”

    ZeroHedge - Mar 27th 2020 12:25pm EDT

    Tesla Furloughs Employees Due To “Very Few New Orders” And A “Drop In Demand” The “dumb” coronavirus panic, as Elon Musk once called it, is finally coming back to bite Musk in the ass. After a report yesterday that several Tesla employees had tested positive for coronavirus, possibly as a result of Elon Musk keeping […]

  • Pentagon Fears Foreigners Will Buy Control Of US Defense Firms Amid Coronavirus Volatility

    ZeroHedge - Mar 27th 2020 12:05pm EDT

    Pentagon Fears Foreigners Will Buy Control Of US Defense Firms Amid Coronavirus Volatility Authored by Dave DeCamp via AntiWar.com, With the coronavirus pandemic and the financial crisis that has come with it, the Pentagon is afraid of foreigners investing in and taking control of US defense companies. Pentagon officials are ready to take protective measures […]

  • Boaz Weinstein Stuns Hedge Fund Industry With 82% Return

    ZeroHedge - Mar 27th 2020 11:45am EDT

    Boaz Weinstein Stuns Hedge Fund Industry With 82% Return In retrospect we may have been too harsh more than a decade ago when we declared the end of Boaz Weinstein’s investing career back in 2009 in “The Rapid Rise and Blistering Fall Of Boaz Weinstein” following his huge losses incurred at Deutsche Bank (where he […]

  • Trump Blames GM, Ford For Ventilator Shortage, Accuses “Mary B” Of Charging “Top Dollar” During Crisis

    ZeroHedge - Mar 27th 2020 11:31am EDT

    Trump Blames GM, Ford For Ventilator Shortage, Accuses “Mary B” Of Charging “Top Dollar” During Crisis Update (1135ET): It looks like Trump just placed a big Amazon order. Unfortunately, those “ventilators” probably don’t qualify for prime shipping. We have just purchased many Ventilators from some wonderful companies. Names and numbers will be announced later today! […]