News From ZeroHedge, Page 3198

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  • Poll: 100% Of Americans Expect To Get COVID-19

    ZeroHedge - Mar 25th 2020 1:16pm EDT

    Poll: 100% Of Americans Expect To Get COVID-19 Authored by Steve Watson via Summit News, A new survey has discovered that every single American is convinced they will get the coronavirus, highlighting just how entrenched the message about the crisis has become in the US. The poll by Survey USA finds that 100 percent of respondents said […]

  • Stocks Roar, Dow Up 1,000 After More Clarity Emerges On Buyback Ban

    ZeroHedge - Mar 25th 2020 1:00pm EDT

    Stocks Roar, Dow Up 1,000 After More Clarity Emerges On Buyback Ban Earlier today we reported that one of the reasons why futures slumped after rising as high as 2,500 in the overnight session following the announcement that a fiscal stimulus deal had been reached between the White House and Congress, is that according to […]

  • Bill Ackman’s Spectacular Trade: How Pershing Square Made $2.6 Billion – A 100x Return – In Just Three Weeks

    ZeroHedge - Mar 25th 2020 12:49pm EDT

    Bill Ackman’s Spectacular Trade: How Pershing Square Made $2.6 Billion – A 100x Return – In Just Three Weeks Over the past week, an at-times manic Bill Ackman made headlines when he appeared, on several occasions, on CNBC and Bloomberg, urging viewers (and certainly his LPs) to remain invested in the market which until yesterday’s […]

  • DHS Warns NYC Morgues Near Capacity As Local Hospitals Construct Makeshift Facilities

    ZeroHedge - Mar 25th 2020 12:45pm EDT

    DHS Warns NYC Morgues Near Capacity As Local Hospitals Construct Makeshift Facilities New York City morgues are nearing capacity and will be full as soon as next week, according to a Department of Homeland Security official which was corroborated by a Politico source. Makeshift tents outside Manhattan’s Bellevue Hospital Another person familiar with the situation […]

  • $5 Trillion Down The Drain

    ZeroHedge - Mar 25th 2020 12:30pm EDT

    $5 Trillion Down The Drain Authored by Stephen Moore via RasmussenReports.com, In the face of the coronavirus pandemic, everyone should read Robert Higgs’ economic classic “Crisis and Leviathan.” The critical warning of this masterpiece is that government always uses a crisis – from the Civil War to the Great Depression to World War II – […]

  • Mayor de Blasio Fighting Coronacrisis By Letting Hundreds Of Criminals Out Of Prison

    ZeroHedge - Mar 25th 2020 12:15pm EDT

    Mayor de Blasio Fighting Coronacrisis By Letting Hundreds Of Criminals Out Of Prison In the latest example of “outside the box thinking” from America’s favorite mayor, Bill de Blasio – whose city is being ravaged by the coronavirus and is slowly becoming the epicenter for the outbreak in the U.S. – decided to release inmates […]

  • Environmentalist Group: “Corona Is The Cure – Humans Are The Disease”

    ZeroHedge - Mar 25th 2020 12:00pm EDT

    Environmentalist Group: “Corona Is The Cure – Humans Are The Disease” Authored by Paul Joseph Watson via Summit News, A climate change group that aligns itself with Extinction Rebellion posted stickers claiming that coronavirus is a “cure” for the “disease” that is humanity. “Earth is healing. The air and water is clearing,” tweeted Extinction Rebellion […]

  • Japan’s QE On Verge Of Failure As Nobody Wants To Sell To The BOJ

    ZeroHedge - Mar 25th 2020 11:45am EDT

    Japan’s QE On Verge Of Failure As Nobody Wants To Sell To The BOJ Over a decade since central bankers started a stealthy nationalization of capital markets by purchasing a wide range of securities from Trasuries, to MBS, to corporate bonds, to ETFs and single stocks, their actions are finally catching up to them, and […]

  • How COVID-19 May Move Markets From Here

    ZeroHedge - Mar 25th 2020 11:30am EDT

    How COVID-19 May Move Markets From Here Authored by Patrick Hill via RealInvestmentAdvice.com, As the pandemic drives markets to the 2018 lows, certain relationships in trends between the markets and the COVID-19 virus are evident.  As social distancing increases, markets continue to fall. So, by looking at the expected breakout levels of the virus, we […]

  • CME Urged To Change Physical Gold Delivery Rules Amid Market “Breakdown”

    ZeroHedge - Mar 25th 2020 11:15am EDT

    CME Urged To Change Physical Gold Delivery Rules Amid Market “Breakdown” Over the past decade, one of the most fascinating observations in the world of precious metals has been the bizarre decoupling in the supply/demand dynamics and thus pricing, between paper and physical gold. And, as we detailed yesterday, that decoupling has become extreme. A […]

  • Why Did Hundreds Of CEOs Resign Just Before The World Started Going Absolutely Crazy?

    ZeroHedge - Mar 25th 2020 11:00am EDT

    Why Did Hundreds Of CEOs Resign Just Before The World Started Going Absolutely Crazy? Authored by Michael Snyder via The End of The American Dream blog, In the months prior to the most ferocious stock market crash in history and the eruption of the biggest public health crisis of our generation, we witnessed the biggest […]

  • Putin Postpones Controversial National Referendum After COVID-19 Cases Leap Overnight

    ZeroHedge - Mar 25th 2020 10:45am EDT

    Putin Postpones Controversial National Referendum After COVID-19 Cases Leap Overnight A day after Putin donned a hazmat suit for a ‘high risk’ photo op while visiting Covid-19 patients at a hospital outside Moscow, the Russian president gave an important address to the nation, updating the country on new drastic measures amid the pandemic, starting with urging the […]

  • WTI Erases Overnight Gains On Demand Fears, Crude Inventory Build

    ZeroHedge - Mar 25th 2020 10:35am EDT

    WTI Erases Overnight Gains On Demand Fears, Crude Inventory Build Oil prices extended gains overnight, along with the rest of the markets, on hope The Fed’s buying will work and optimism that US Congress will agree a bigly Stimulus Bill and helped by a surprise crude draw reported by API. But early on this morning […]

  • The Massive Fiscal Stimulus Deal Is Done – Now Comes The Hard Part

    ZeroHedge - Mar 25th 2020 10:25am EDT

    The Massive Fiscal Stimulus Deal Is Done – Now Comes The Hard Part After the traditionally infuriating song and dance, early on Wednesday morning Congress agreed to a $2 trillion fiscal stimulus package (+4$ trillion in Fed buying power) that is so full of pork that there is no way it would not have passed. […]

  • “Sell The News”? Stocks Are Crashing After 2 Massive Pumps Overnight

    ZeroHedge - Mar 25th 2020 10:12am EDT

    “Sell The News”? Stocks Are Crashing After 2 Massive Pumps Overnight Despite getting help from Boeing’s gains, The Dow has now crashed over 1000 points twice from the post-“we have a deal” highs… and is back in the red for the day… This all has the stench of some major gamma pukes with VIX flying […]

  • Mortgage Apps Crash Most Since 2009

    ZeroHedge - Mar 25th 2020 10:11am EDT

    Mortgage Apps Crash Most Since 2009 While The Fed cut rates to zero and unleashed unprecedented QE and backstops, mortgage rates have spiked in the last two weeks… Source: Bloomberg So much for “helping Main Street.” Amid COVID-19 shutdowns and quarantines and related financial turmoil, general anxiety has taken the shine off a renaissance in […]

  • Despite QEternity & “Record” Bailout-Bill, The US Dollar Shortage Is Intensifying…

    ZeroHedge - Mar 25th 2020 9:55am EDT

    Despite QEternity & “Record” Bailout-Bill, The US Dollar Shortage Is Intensifying… Dear Jay Powell, you have a problem… Despite unprecedented actions by The Fed: The FOMC expanded its large scale asset purchase program by promising to purchase ‘in the amounts needed.’ Previously, the FOMC had said it would purchase at least $500bn of Treasury securities […]

  • Details Of $2 Trillion Coronavirus Stimulus Package Emerge

    ZeroHedge - Mar 25th 2020 9:42am EDT

    Details Of $2 Trillion Coronavirus Stimulus Package Emerge While it will take some time to sort through all the pork contained in the massive $2 trillion coronavirus legislation negotiated between the Trump administration and Congressional leaders early Wednesday, here are some of the major provisions via Bloomberg. The bill – which still needs to be […]

  • Blain: Is This The Moment To Buy?

    ZeroHedge - Mar 25th 2020 9:25am EDT

    Blain: Is This The Moment To Buy? Blain’s Morning Porridge, submitted by Bill Blain, Hammersmith Palais, the Bolshoi Ballet, being rather silly and Porridge Oats..” This morning I have sniffles, a runny nose, I’m sneezing, and I’ve got a stonking headache. I’m certain it’s not the Wuhan flu – the symptoms started soon after I […]

  • “No Country Has An Exit Strategy” – Experts Warn Virus Disruptions Could Last Months, Years 

    ZeroHedge - Mar 25th 2020 9:07am EDT

    “No Country Has An Exit Strategy” – Experts Warn Virus Disruptions Could Last Months, Years  The duration of the pandemic is different among experts.  Michael Levitt, a Nobel laureate and Stanford biophysicist, said earlier this week that the COVID-19 pandemic could be nearing an end as he cited China’s curve flattening to support his hypothesis. Other experts […]

  • Why QE Is Not Working

    ZeroHedge - Mar 25th 2020 8:45am EDT

    Why QE Is Not Working Authored by Michael Lebowitz and Jack Scott via RealInvestmentAdvice.com, “The process by which money is created is so simple that the mind is repelled.” – JK Galbraith By formally announcing quantitative easing (QE) infinity on March 23, 2020, the Federal Reserve (Fed) is using its entire arsenal of monetary stimulus. Unlimited purchases of Treasury […]

  • February Durable Goods Orders Jumped Ahead Of Global Coronageddon, Thanks To War-Spending

    ZeroHedge - Mar 25th 2020 8:43am EDT

    February Durable Goods Orders Jumped Ahead Of Global Coronageddon, Thanks To War-Spending Preliminary data for February durable goods orders showed a surprise improvement (up 1.2% MoM vs expectations of a 0.9% drop) as it appears COVID-19;s impact hadn’t begun to hit quite yet. This resurgence has pushed the YoY growth in headline durable goods orders […]

  • ABN Amro Abandons 106 Year Physical Gold Business, Clients Forced To Sell

    ZeroHedge - Mar 25th 2020 8:22am EDT

    ABN Amro Abandons 106 Year Physical Gold Business, Clients Forced To Sell Seven years ago – to the day – Dutch megabank ABN Amro changed its precious metals custodian rules to “no longer allow physical delivery.” Have no fear, they reassuringly added, your account will be settled at the bid or offer price in the […]

  • Futures Slide After Bailout Deal Struck As Schumer Says Buybacks Banned

    ZeroHedge - Mar 25th 2020 8:07am EDT

    Futures Slide After Bailout Deal Struck As Schumer Says Buybacks Banned The event everyone was waiting for and knew was just a matter of time, resulting in Tuesday’s biggest one-day rally since 1933 – namely the Congressional taxpayer daylight robbery coronavirus bailout deal which started at $850BN and has since grown to $2 trillion (with […]

  • Prince Charles, Heir To British Throne, Tests Positive For COVID-19, Deaths In Spain Pass China After Largest Daily Jump: Live Updates

    ZeroHedge - Mar 25th 2020 8:00am EDT

    Prince Charles, Heir To British Throne, Tests Positive For COVID-19, Deaths In Spain Pass China After Largest Daily Jump: Live Updates The American press and the progressives who make up most of its journalists have so far focused on how the novel coronavirus will inevitably harm the poor and vulnerable. But so far, that’s not […]