News From ZeroHedge, Page 3191

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  • Fed’s Cure Risks Being Worse Than The Disease: James Bianco

    ZeroHedge - Mar 27th 2020 10:45am EDT

    Fed’s Cure Risks Being Worse Than The Disease: James Bianco Authored by Jim Bianco, op-ed via Bloomberg.com, An alphabet soup of new asset-buying programs will essentially nationalize large swaths of the financial markets, and the consequences could be profound… The economic debate of the day centers on whether the cure of an economic shutdown is worse […]

  • Cruise Stocks Sink After COVID-19 Bailouts Unlikely

    ZeroHedge - Mar 27th 2020 10:30am EDT

    Cruise Stocks Sink After COVID-19 Bailouts Unlikely Shares in cruise line stocks fell sharply Friday morning after a change to the coronavirus stimulus package blocking companies that aren’t incorporated in the US will prevent them from receiving aid, according to a Dow Jones report. Despite the three largest cruise companies being headquartered in Miami, Florida […]

  • Watch: No Lines & No Protective Gear At Local Pennsylvania Hospital Drive-Thru Testing Center

    ZeroHedge - Mar 27th 2020 10:15am EDT

    Watch: No Lines & No Protective Gear At Local Pennsylvania Hospital Drive-Thru Testing Center Via InvestmentWatchBlog.com, I drove over to check the scene out today, it was raining but I got some footy that should give an idea of what is going on in a smallish city like mine in SE Pa of about 150,000. […]

  • UMich Consumer Sentiment Crashes Most Since Oct 2008

    ZeroHedge - Mar 27th 2020 10:07am EDT

    UMich Consumer Sentiment Crashes Most Since Oct 2008 While UMich’s preliminary March sentiment survey showed weakness, the final March print – taken after the lockdowns and market carnage began – was expected to plummet further.. and it did: The final sentiment index for the month slumped 11.9 points to a three-year low of 89.1, data Friday showed. […]

  • Trump Slams “Grandstanding” Rep. Massie As Kentucky Republican Threatens To Delay Vote

    ZeroHedge - Mar 27th 2020 10:01am EDT

    Trump Slams “Grandstanding” Rep. Massie As Kentucky Republican Threatens To Delay Vote Update (1002ET): Speaker Pelosi jut told reporters that the House will hold the vote on Friday…come hell or high water…as the vote will likely be extended to three hours, and then the house will vote in about 2 hours time. *  *  * […]

  • “No Bid”: In Stunning Development, Dealers Run Out Of Securities To Use In Fed Repo Operations

    ZeroHedge - Mar 27th 2020 9:52am EDT

    “No Bid”: In Stunning Development, Dealers Run Out Of Securities To Use In Fed Repo Operations Two weeks ago, just after the Fed first announced its massive overnight and term repo operation expansion which now amounts to some $1 trillion in daily repo capacity (and before Powell expanded this bazooka to included ZIRP and unlimited […]

  • Rabobank: There Is One Critical Element Missing That Prevents Us From Becoming Even Remotely Optimistic

    ZeroHedge - Mar 27th 2020 9:30am EDT

    Rabobank: There Is One Critical Element Missing That Prevents Us From Becoming Even Remotely Optimistic Submitted by Piotr Matys, Jane Foley and Philip Marey of Rabobank A corrective rebound in US stocks extended on Thursday as the S&P 500 Index closed 6.24% and the DJIA 6.38% higher. Severely battered EM currencies trimmed their substantial losses […]

  • WTI Tumbles To $21 Handle After Saudis Crush Hopes Of Russia Detente

    ZeroHedge - Mar 27th 2020 9:19am EDT

    WTI Tumbles To $21 Handle After Saudis Crush Hopes Of Russia Detente While oil prices were already sliding, headlines from the Saudis that there are no talks with Russia ongoing sent prices tumbling with WTI back to a $21 handle… “There have been no contacts between Saudi Arabia and Russia energy ministers over any increase […]

  • Loonie Dips After Bank Of Canada Emergency Rate-Cut, Launches QE

    ZeroHedge - Mar 27th 2020 9:09am EDT

    Loonie Dips After Bank Of Canada Emergency Rate-Cut, Launches QE The Bank of Canada has just gone full-Fed-tard by slashing rates to just 0.2% and launching a commercial-paper-buying program and has committed to buy C$5bn Canadian Treasuries per week… Negative rates next? Full Bank of Canada Statement: The Bank of Canada today lowered its target […]

  • The Battle Begins (And It’s Going To Hurt)

    ZeroHedge - Mar 27th 2020 9:01am EDT

    The Battle Begins (And It’s Going To Hurt) Authored by Sven Henrich via NorthmanTrader.com, Lots of proclamations and predictions out there. Lots of certitude expressed at a time of the greatest uncertainty. My take here: Everybody calm themselves on making predictions especially considering most never saw this crash coming and certainly not the event that […]

  • China Industrial Profits Plunge Most On Record

    ZeroHedge - Mar 27th 2020 8:43am EDT

    China Industrial Profits Plunge Most On Record On Friday morning local time, China reported that industrial profits crash the most on record in January-February, both due to the Lunar new year, but mostly due to the virus outbreak and the government’s restrictive measures to contain the virus. In year-over-year terms, profit growth was -38.3%, the […]

  • Americans Started Saving Aggressively As COVID-19 Concerns Picked Up In February

    ZeroHedge - Mar 27th 2020 8:42am EDT

    Americans Started Saving Aggressively As COVID-19 Concerns Picked Up In February Americans’ incomes grew at 0.6% MoM in February (following a 0.6% MoM jump in January and better than the expected 0.4% rise) as their spending slowed to just a 0.2% MoM growth (also for the second month in a row). Source: Bloomberg On a […]

  • Blain: “The Shortest Bear Market In History Ain’t Over”

    ZeroHedge - Mar 27th 2020 8:25am EDT

    Blain: “The Shortest Bear Market In History Ain’t Over” Authored by Bill Blain via MorningPorridge.com, Good Or Bad News? “It’s got nothing to do with your Vorsprung Durch technique, you know..” What do you want to hear first? The good new or the bad news?  The Good News It now looks like the economic catastrophe the […]

  • Futures Tumble As Best Rally Since Great Depression Crumbles

    ZeroHedge - Mar 27th 2020 8:09am EDT

    Futures Tumble As Best Rally Since Great Depression Crumbles The market moves are coming fast and furious now, and after plunging 36% from its all time highs about a month ago, stocks staged a furious rebound, rising 20% in just the past four days and entering a new bull market, with the return in just […]

  • Why Washington’s COVID-19 Relief Package Must Be Stopped!

    ZeroHedge - Mar 27th 2020 7:53am EDT

    Why Washington’s COVID-19 Relief Package Must Be Stopped! Authored by Mike Whitney via The Unz Review, The Senate’s $2 Trillion Coronavirus Relief Package is not fiscal stimulus and it’s not a lifeline for the tens of millions of working people who have suddenly lost their jobs. It’s a fundamental restructuring of the US economy designed to […]

  • Stunning Visualization Reveals Where Spring Break Covidiots Traveled After Flooding Florida Beaches

    ZeroHedge - Mar 27th 2020 7:37am EDT

    Stunning Visualization Reveals Where Spring Break Covidiots Traveled After Flooding Florida Beaches On Monday we reported how thousands of young Americans laughed off warnings to self-isolate and partied on Florida beaches anyway for spring break – with several now testing positive for COVID-19. The poster child for these selfish ‘covidiots’ – who will statistically survive […]

  • House Prepares Vote On $2 Trillion Stimulus Bill As US Death Toll From COVID-19 Passes 1,300: Live Updates

    ZeroHedge - Mar 27th 2020 7:02am EDT

    House Prepares Vote On $2 Trillion Stimulus Bill As US Death Toll From COVID-19 Passes 1,300: Live Updates Just a few short days ago, the Dow was still trading below 20k, Italy still had a higher COVID-19 case count than the US and New York City hospitals still had a few available beds. Just a […]

  • Go Big Or Go Home… Is This The Ruling Elites Last Stand?

    ZeroHedge - Mar 27th 2020 6:10am EDT

    Go Big Or Go Home… Is This The Ruling Elites Last Stand? Authored by Charles Hugh Smith via The Daily Reckoning blog, To understand why the financial dominoes toppled by the Covid-19 pandemic lead to global insolvency, let’s start with a household example. The point of this exercise is to distinguish between the market value […]

  • Prof Who Predicted 500K UK Deaths Now Says Under 20K Will Die, Peak In Two Weeks

    ZeroHedge - Mar 27th 2020 5:35am EDT

    Prof Who Predicted 500K UK Deaths Now Says Under 20K Will Die, Peak In Two Weeks Imperial College London’s Neil Ferguson – who originally estimated 500,000 deaths in the UK due to Coronavirus, now says that the virus will peak in just two or three weeks, and that UK deaths from the disease are now […]

  • No Need For Hard Quarantine In Russia, Which Closed Its Border Back In January

    ZeroHedge - Mar 27th 2020 5:00am EDT

    No Need For Hard Quarantine In Russia, Which Closed Its Border Back In January Authored by Paul Joseph Watson via Summit News, A World Health Organization official says there is no need for Russia to implement a hard quarantine to fight coronavirus after Moscow closed most of its border back in January. The WHO’s representative […]

  • France, Czechs, & Other US Allies Exit Iraq Over COVID-19 Fears

    ZeroHedge - Mar 27th 2020 4:15am EDT

    France, Czechs, & Other US Allies Exit Iraq Over COVID-19 Fears The United States has shown itself willing to both keep up its ‘maximum pressure’ campaign on Iran and its proxies while riding roughshod over Iraqi sovereignty by remaining in the country even as Baghdad leaders and the broader population demand a final exit.  But […]

  • Millions Of 15-Minute Coronavirus Home Testing Kits Will Be Available To UK Public “Within Days”

    ZeroHedge - Mar 27th 2020 3:30am EDT

    Millions Of 15-Minute Coronavirus Home Testing Kits Will Be Available To UK Public “Within Days” Authored by Elias Marat via TheMindUnleashed.com, New 15-minute home coronavirus tests will soon be available over the counter or via home delivery within days in the U.K., according to public health authorities, in a move that could see the country […]

  • COVID-19 Reaction Boosts Key British Politicians’ Popularity

    ZeroHedge - Mar 27th 2020 2:45am EDT

    COVID-19 Reaction Boosts Key British Politicians’ Popularity The UK government’s response to the coronavirus outbreak in the country has so far been well received by the public. At least, that is what survey figures from YouGov suggest. As Statista’s Martin Armstrong points out, when comparing the favorability of politicians key to the pandemic response, a clear positive trend can […]

  • Former UK Prime Minister Calls For Global Government To Fight COVID-19

    ZeroHedge - Mar 27th 2020 2:00am EDT

    Former UK Prime Minister Calls For Global Government To Fight COVID-19 Authored by Paul Joseph Watson via Summit News, Former Prime Minister of the UK Gordon Brown has called on world leaders to create “a temporary form of global government” to fight the coronavirus outbreak. Brown wants international organizations like the WHO and the UN […]

  • US Warship Transits Taiwan Strait As Virus Blame-Game Escalates

    ZeroHedge - Mar 27th 2020 1:00am EDT

    US Warship Transits Taiwan Strait As Virus Blame-Game Escalates The Wall Street Journal’s Jacky Wong pretty much sums it up: “World War 3 during a pandemic wasn’t something I expected.”  World War 3 during a pandemic wasn’t something I expected https://t.co/DanPluaFlr — Jacky Wong (@jackycwong) March 26, 2020 A US warship transited through the Taiwan […]