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  • Joe Biden Says “We’ve Had Enough Debates” As The Atlantic Urges Him Simply To ‘Stay Alive’

    ZeroHedge - Mar 26th 2020 12:10pm EDT

    Joe Biden Says “We’ve Had Enough Debates” As The Atlantic Urges Him Simply To ‘Stay Alive’ The Libertarian Institute’s Scott Horton hilariously observes “Old Man Biden just ain’t up to talking for an hour without a teleprompter. Could the Democrats have run out of cocaine?” Biden said this week, “I think we’ve had enough debates” suggesting an unwillingness to spar […]

  • “This Is It!”

    ZeroHedge - Mar 26th 2020 11:55am EDT

    “This Is It!” Authored by Kevin Smith and Tavi Costa via Crescat Capital, This is it! It’s the market and economic downturn we have been preparing for since late 2017. That’s when we first showed that the US stock market was in historic bubble territory across a composite of valuation and leverage measures. We believe […]

  • In Stunning Show Of Hypocrisy, China Shuts All Borders To Foreigners Over Virus Fears

    ZeroHedge - Mar 26th 2020 11:40am EDT

    In Stunning Show Of Hypocrisy, China Shuts All Borders To Foreigners Over Virus Fears Two months ago, as deaths from China’s virus were rapidly escalating and spreading across the nation, Beijing expressed outrage at the measures enacted by the global community to limit the spread of the deadly virus, saying they went way beyond standards […]

  • Cheesecake Factory Refuses To Pay Rent, Cites “Tremendous Financial Blow”

    ZeroHedge - Mar 26th 2020 11:30am EDT

    Cheesecake Factory Refuses To Pay Rent, Cites “Tremendous Financial Blow” It goes without saying that restaurants, bars, and the service industry have been hit hardest by the nation-wide coronavirus lockdown, but commercial real estate will be the next to feel the squeeze in the coming weeks. Late Wednesday it was revealed that The Cheesecake Factory notified landlords at locations […]

  • Bahrain, Belgium Report COVID-19 Treatment Touted By Trump Is Working For Patients

    ZeroHedge - Mar 26th 2020 11:15am EDT

    Bahrain, Belgium Report COVID-19 Treatment Touted By Trump Is Working For Patients Authored by Christine Dolan via JustTheNews.com, Bahrain and Belgium report their hospitals are successfully treating coronavirus patients with the anti-malaria drug hydroxychloroquine touted by President Trump as a possible breakthrough in the pandemic. The Kingdom of Bahrain’s Supreme Council of Health chairman said his country was among the […]

  • The “Fallen Angel” Avalanche Arrives: S&P Downgrading Companies At Fastest Pace On Record

    ZeroHedge - Mar 26th 2020 11:00am EDT

    The “Fallen Angel” Avalanche Arrives: S&P Downgrading Companies At Fastest Pace On Record Last week, the rating agencies – which during the financial crisis were accused, and for good reason, of being too slow to respond to the deterioration in credit fundamentals – vowed that they would be much faster in taking the hammer to […]

  • Senator Cotton: China Unleashed This Plague On The World

    ZeroHedge - Mar 26th 2020 10:45am EDT

    Senator Cotton: China Unleashed This Plague On The World Authored by Steve Watson via Summit News, GOP Senator Tom Cotton touted legislation Wednesday that would end US dependency on China for pharmaceuticals, stating that it poses a national security risk, as he asserted that China ‘unleashed’ the coronavirus on the rest of the planet and […]

  • US Brings Drug Trafficking Charges Against Maduro, Labels Venezuela A “State Sponsor Of Terror”

    ZeroHedge - Mar 26th 2020 10:30am EDT

    US Brings Drug Trafficking Charges Against Maduro, Labels Venezuela A “State Sponsor Of Terror” Like Iran, Venezuela isn’t in great shape to confront a potentially devastating pandemic. And instead of loosening sanctions and offering aid to the Maduro regime, the Trump Administration is cranking up the pressure, hoping to use the outbreak as more leverage […]

  • Nearly Half Of All Patients At Bay Area Hospital Are Confirmed Or Suspected Coronavirus Cases

    ZeroHedge - Mar 26th 2020 10:15am EDT

    Nearly Half Of All Patients At Bay Area Hospital Are Confirmed Or Suspected Coronavirus Cases Approximately half of the patients at a Kaiser Permanente hospital in San Jose, California are either confirmed or suspected coronavirus cases, according to a hospital vice president. A drive-through COVID-19 testing site is operational at Kaiser Permanente – San Jose […]

  • BMO: “Today’s Session Will Be An Inflection Point In Markets”

    ZeroHedge - Mar 26th 2020 10:00am EDT

    BMO: “Today’s Session Will Be An Inflection Point In Markets” Authored by Ian Lyngen and Jon Hill of BMO Capital Markets Today holds the promise of being a defining day in the US rates market; in large part due to the release of the first Covid-19 impacted employment data via initial jobless claims. The consensus […]

  • “You Don’t Make The Timeline, The Virus Makes The Timeline” – Dr. Fauci Contradicts Trump On CNN

    ZeroHedge - Mar 26th 2020 9:45am EDT

    “You Don’t Make The Timeline, The Virus Makes The Timeline” – Dr. Fauci Contradicts Trump On CNN President Trump and the administration have forcefully denied reports that Dr. Anthony Fauci, the director of the National Institute for Allergies and Infectious Diseases and member of the White House Task Force dedicated to fighting the novel coronavirus […]

  • One Month. 20 Years. Same Story

    ZeroHedge - Mar 26th 2020 9:30am EDT

    One Month. 20 Years. Same Story Submitted by Nicholas Colas of DataTrek Research Three points today, 2 focused on the short term and 1 very, very long term: #1: An update on our “buy the 5% down days” strategy and what it says about the comparison of 2020’s COVID-19 Crisis to 2008’s Financial Crisis in […]

  • Lombardy Reports Acceleration In New Cases, Dashing Hopes For Outbreak’s ‘Peak’

    ZeroHedge - Mar 26th 2020 9:15am EDT

    Lombardy Reports Acceleration In New Cases, Dashing Hopes For Outbreak’s ‘Peak’ Authorities in Lombardy were all too eager to play up what appeared to be a drop in new cases earlier in the week. But as it turns out, claims that the outbreak might finally be waning in Italy’s worst-hit region – claims that helped […]

  • Caterpillar Withdraws 2020 Guidance, Halts Some US Production

    ZeroHedge - Mar 26th 2020 9:08am EDT

    Caterpillar Withdraws 2020 Guidance, Halts Some US Production At a time when the COVID-19 pandemic has disrupted global supply chains, crashed China’s economy, and now could tip the US economy into recession, Caterpillar has announced in a new update, that it is yanking its financial outlook for 2020 and halting production at some US facilities.  “The magnitude […]

  • Trump Warns Suicides From The Coming Economic Depression Will Far Surpass Those From The Virus

    ZeroHedge - Mar 26th 2020 8:55am EDT

    Trump Warns Suicides From The Coming Economic Depression Will Far Surpass Those From The Virus Authored by Mac Slavo via SHTFplan.com, Social distancing rules may be relaxed sometime soon to prevent “tremendous death” from the economic depression that could end up worse than the coronavirus itself, President Donald Trump said.  But even a few more […]

  • Meaningless Final Revision Of Q4 GDP Sees US Economy Growing 2.1% Ahead Of Coming Depression

    ZeroHedge - Mar 26th 2020 8:46am EDT

    Meaningless Final Revision Of Q4 GDP Sees US Economy Growing 2.1% Ahead Of Coming Depression With the Labor Department reporting that an unprecedented 3.3 million initial jobless claim were filed in the past week as the economy collapsed due to the Wu Flu shutdown, the last thing anyone will care about is what happened in […]

  • A Record 3.3 Million Americans Just Filed For Unemployment Benefits

    ZeroHedge - Mar 26th 2020 8:34am EDT

    A Record 3.3 Million Americans Just Filed For Unemployment Benefits The pace at which Americans are losing their jobs is absolutely breathtaking.  According to the Wall Street Journal, the largest number of new claims for unemployment benefits ever recorded in a single week prior to this year was 695,000 during the week that ended October 2nd, […]

  • Italin, Greek, Spanish Bonds Soar After ECB Starts Buying Under Emergency Program

    ZeroHedge - Mar 26th 2020 8:25am EDT

    Italin, Greek, Spanish Bonds Soar After ECB Starts Buying Under Emergency Program One can time almost to the dot the moment the ECB started buying European (mostly peripheral) bonds under the central bank’s latest QE facility. At just around 4am ET, a wave of buying pushed European peripheral debt sharply higher, sparking speculation that the […]

  • The Pandemic Is Accelerating The Breakdown That Began A Decade Ago

    ZeroHedge - Mar 26th 2020 8:20am EDT

    The Pandemic Is Accelerating The Breakdown That Began A Decade Ago Authored by Charles Hugh Smith via OfTwoMinds blog, The feedback loop has reversed: by saving more, people will spend, borrow and speculate less, draining the fuel from any broadbased expansion. In eras of confidence and certainty, people save less and spend more freely. When we’re […]

  • This Is The Most Important US Data This Week

    ZeroHedge - Mar 26th 2020 8:16am EDT

    This Is The Most Important US Data This Week Submitted by Christopher Dembik of Saxobank Summary:  Today at 12:30 GMT, weekly U.S. jobless claims data will be released for the week ending March 21. It is the most important U.S. statistics this week as it will give an early indication of how much the COVID-19 outbreak […]

  • “That’s A Huge Warning For What Lies Ahead”: Futures Tumble After Senate Passes Massive Bailout Bill

    ZeroHedge - Mar 26th 2020 8:08am EDT

    “That’s A Huge Warning For What Lies Ahead”: Futures Tumble After Senate Passes Massive Bailout Bill Buy the rumor of the “Largest Rescue Package in American History”, one which will explode both the US deficit and US debt and unleash helicopter money by the Fed… and sell the news. That’s what happened overnight, when after […]

  • We’re Not “Writing Blank Checks” – Jay Powell Claims “Nothing Fundamentally Wrong With Economy”

    ZeroHedge - Mar 26th 2020 8:00am EDT

    We’re Not “Writing Blank Checks” – Jay Powell Claims “Nothing Fundamentally Wrong With Economy” Federal Reserve Chairman Jerome Powell was on NBC’s Today show on Thursday morning, explaining how the COVID-19 pandemic has thrown the US economy into an unprecedented situation.  Powell said the Fed still has room for monetary policy maneuverability, indicating “there can […]

  • US Reports Largest Jump In New Cases, Deaths As “Apocalyptic” Surge Rocks Hospitals In New York, New Orleans: Live Updates

    ZeroHedge - Mar 26th 2020 7:38am EDT

    US Reports Largest Jump In New Cases, Deaths As “Apocalyptic” Surge Rocks Hospitals In New York, New Orleans: Live Updates President Trump’s hurried demands to get the nation “back to work” before Easter probably couldn’t come at a worse time. Across the US, but mainly in a handful of ‘hot spots’, most notably New York […]

  • Investor Sentiment Fades In Asia As Eyes Turn To Jobless Claims And Rising Fatality Rates

    ZeroHedge - Mar 26th 2020 7:30am EDT

    Investor Sentiment Fades In Asia As Eyes Turn To Jobless Claims And Rising Fatality Rates Submitted by Eleanor Creagh of Saxobank Following the first sustained 2-day bounce since the COVID-19 panic reared its head, sentiment is fading as fatality rates climb in the US. A mixed day for risk across Asia today, Australia leading the […]

  • Senate Passes “Largest Rescue Package in American History” 

    ZeroHedge - Mar 26th 2020 6:12am EDT

    Senate Passes “Largest Rescue Package in American History”  The $2 trillion emergency aid bill unanimously passed by the Senate late on Wednesday night. The unanimous vote, 96-0, is for an economic rescue package (the largest economic relief bill in US history) that would cushion businesses, workers, and health care systems from the impact of the COVID-19 outbreak.  […]