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  • SoftBank Held Secret LBO Talks With Elliott As Masa Plots “Going Private” Rescue

    ZeroHedge - Mar 24th 2020 8:05pm EDT

    SoftBank Held Secret LBO Talks With Elliott As Masa Plots “Going Private” Rescue Yesterday, we joked that SoftBank’s decision to pursue a massive share buyback and deleveraging, ostensibly made to please activist investors like Paul Singer’s Elliott Capital Management, might have an important ancillary benefit: it could place Masa Son one step closer to taking […]

  • Here’s What A Lockdown Of India’s 1.3BN People Looks Like, Or One-Fifth The World’s Population

    ZeroHedge - Mar 24th 2020 7:45pm EDT

    Here’s What A Lockdown Of India’s 1.3BN People Looks Like, Or One-Fifth The World’s Population Or rather we should ask whether this is even possible, given that as of the first night following Prime Minister Narendra Modi announcing in a televised address the immediate lockdown which orders some one-fifth of the world’s population to ‘stay indoors’ […]

  • Saudi Arabia & The US Could Form The World’s Newest Oil Cartel

    ZeroHedge - Mar 24th 2020 7:25pm EDT

    Saudi Arabia & The US Could Form The World’s Newest Oil Cartel Authored by Irina Slav via OilPrice.com, The United States and Saudi Arabia have been discussing the idea of setting up an oil accord, Bloomberg reports, citing Energy Secretary Dan Brouillette. Such an agreement would effectively amount to a cartel, which, by definition, is […]

  • Boober Eats: Portland Exotic Dancers Pivot To Food Delivery As Strip Clubs Forced To Close

    ZeroHedge - Mar 24th 2020 7:05pm EDT

    Boober Eats: Portland Exotic Dancers Pivot To Food Delivery As Strip Clubs Forced To Close Who says we can’t adapt and pull together in times of crisis, right? Certainly that’s the feeling in Portland, where strippers are now delivering food after the Lucky Devil Lounge was forced to close down. However, the same order that […]

  • Like Freedom? Then You Won’t Like The FREEDOM Act

    ZeroHedge - Mar 24th 2020 6:45pm EDT

    Like Freedom? Then You Won’t Like The FREEDOM Act Authored by Ron Paul via The Ron Paul Institute for Peace & Prosperity, Last Monday, a bipartisan group of Senators and a coalition including libertarian and progressive activists thwarted a scheme to ram through the Senate legislation renewing three provisions of the USA FREEDOM Act (previously […]

  • California’s Public Employees Retirement System Just Lost A Stunning $69 Billion In One Month

    ZeroHedge - Mar 24th 2020 6:25pm EDT

    California’s Public Employees Retirement System Just Lost A Stunning $69 Billion In One Month In what is likely to become a trend around the country, California’s Public Employees Retirement System just watched $69 billion go up in smoke as the coronavirus panic has gripped global markets.  CALPERS total fund balance is now about $335 billion, […]

  • Fed Hires World’s Largest Asset Manager To Manage Its Massive Asset Purchases

    ZeroHedge - Mar 24th 2020 6:13pm EDT

    Fed Hires World’s Largest Asset Manager To Manage Its Massive Asset Purchases In the latest echo from the Lehman crisis response, on Tuesday the Fed announced that, just as it did in the aftermath of the global financial crisis, it has hired the world’s largest asset manager BlackRock to manage several of the Fed’s brand […]

  • DOJ Asks Congress For “Indefinite Detention Powers” To Fight The Coronavirus

    ZeroHedge - Mar 24th 2020 6:05pm EDT

    DOJ Asks Congress For “Indefinite Detention Powers” To Fight The Coronavirus Authored by Mac Slavo via SHTFplan.com, The Justice Department is using the outbreak of the coronavirus to expand their power. They have reportedly asked Congress for the power to detain Americans indefinitely without a trial in order to fight the outbreak which has so […]

  • Meet The ‘Covidiot’: “A Dense Creature That Ignores Simple Instructions, Endangers Others”

    ZeroHedge - Mar 24th 2020 5:45pm EDT

    Meet The ‘Covidiot’: “A Dense Creature That Ignores Simple Instructions, Endangers Others” “Are you seriously going to visit grandma? Dude, don’t be such a covidiot.” ​​​​​​​ That covidiot is hugging everyone she sees,” – Urban Dictionary.  On Saturday, a new term caught the internet by storm, that is, ‘Covidiot’ – and first defined on Urban Dictionary, […]

  • Peter Schiff: COVID-19 Is Exposing The Truth About The Economy

    ZeroHedge - Mar 24th 2020 5:25pm EDT

    Peter Schiff: COVID-19 Is Exposing The Truth About The Economy Via SchiffGold.com, It wasn’t long ago that all of the pundits were telling us that the economy was strong. As a result, a lot of people seem to think that once the coronavirus situation is resolved, the economy will quickly go back to normal. In […]

  • Situation On Riker’s Island “Unimaginably Bad” As COVID-19 Tears Through Prison

    ZeroHedge - Mar 24th 2020 5:05pm EDT

    Situation On Riker’s Island “Unimaginably Bad” As COVID-19 Tears Through Prison This weekend we reported that Harvey Weinstein had tested positive for coronavirus just days after being transported out of Riker’s Island prison in New York, where 38 people had been infected with COVID-19 and another 58 inmates were under observation. On Monday, Brooklyn public […]

  • ‘Helicopter Money’: This Is The True Geopolitical Game-Changer

    ZeroHedge - Mar 24th 2020 4:45pm EDT

    ‘Helicopter Money’: This Is The True Geopolitical Game-Changer Authored by Alastair Crooke via The Strategic Culture Foundation, As the US and the UK, to stem Covid-19 infections, adopt a close-to-wartime approach, with intrusive levels of intervention into social life, these governments – as the corollary to lockdown – are proposing massive bail-outs. At first brush, […]

  • WTI Extends “Hope For More Stimulus” Gains On Surprise Crude Draw

    ZeroHedge - Mar 24th 2020 4:36pm EDT

    WTI Extends “Hope For More Stimulus” Gains On Surprise Crude Draw Oil prices rallied along with the rest of the markets today on hope The Fed’s buying will work and optimism that US Congress will agree a bigly Stimulus Bill. Notwithstanding today’s gains, there are still concerns about the outlook for near term energy demand. […]

  • “The Chances Of A Greater Depression Are Increasing By The Day” Warns Dr.Doom

    ZeroHedge - Mar 24th 2020 4:25pm EDT

    “The Chances Of A Greater Depression Are Increasing By The Day” Warns Dr.Doom Authored by Nouriel Roubini via Project Syndicate, The shock to the global economy from COVID-19 has been both faster and more severe than the 2008 global financial crisis (GFC) and even the Great Depression. In those two previous episodes, stock markets collapsed […]

  • Dow Squeezes To Best Day Since 1933, Gold Soars As Dollar Dips

    ZeroHedge - Mar 24th 2020 4:01pm EDT

    Dow Squeezes To Best Day Since 1933, Gold Soars As Dollar Dips The day ended with still no Stimulus Bill (the 1100-page plus pork-fest is ‘close’ reportedly), with Italy’s virus-death-count resurgent (dashing optimism that they peaked), no clear indication of when the economy will reopen (despite Trump and Kudlow pushing the narrative), and a total […]

  • President Trump’s Job Approval Rating Up to 49%; 60% Approve Of COVID-19 Response

    ZeroHedge - Mar 24th 2020 3:55pm EDT

    President Trump’s Job Approval Rating Up to 49%; 60% Approve Of COVID-19 Response Authored by Jeffrey M. Jones via Gallup Story Highlights Approval rating up five percentage points from prior poll 60% approve of president’s response to COVID-19 Job approval higher among independents, Democrats * * * President Donald Trump may be enjoying a small […]

  • “We’re Going To Be Fine” – Nobel-Winning Biophysicist Predicts Quicker COVID-19 Recovery

    ZeroHedge - Mar 24th 2020 3:40pm EDT

    “We’re Going To Be Fine” – Nobel-Winning Biophysicist Predicts Quicker COVID-19 Recovery Michael Levitt, a Stanford biophysicist who was awarded the Nobel Prize in Chemistry in 2013, has made a bold statement that the end of COVID-19 pandemic could be near and has cited China’s curve flattening to support his hypothesis, reported the Los Angeles Times.  Levitt is […]

  • Mortgage Massacre Latest Casualty: $10 Billion m-REIT MFA Can’t Meet Margin Calls

    ZeroHedge - Mar 24th 2020 3:36pm EDT

    Mortgage Massacre Latest Casualty: $10 Billion m-REIT MFA Can’t Meet Margin Calls First, its was Invesco, then ED&F Man Capital and now the mortgage mayhem that erupted as a daisy-chain of mortgage REITs suddenly imploded, has taken down MFA Financial, whose crashing stock was halted after the company reported that “due to the turmoil in […]

  • Nothing Is Working… What’s Next For America?

    ZeroHedge - Mar 24th 2020 3:25pm EDT

    Nothing Is Working… What’s Next For America? Authored by Mike Shedlock via MishTalk, Eventually, the coronavirus depression will subside. But what will America look like when it does? Jim Bianco: “This virus is the event of this generation. In the future, we will refer to this as pre-virus, post-virus.” Jim Bianco at Bianco Research made […]

  • China Coronavirus Official Warns Of Resurgence; Blames Foreigners

    ZeroHedge - Mar 24th 2020 3:10pm EDT

    China Coronavirus Official Warns Of Resurgence; Blames Foreigners China is facing a new outbreak of COVID-19, and is blaming foreigners for an increasing number of infections detected among those entering the country. According to one of Beijing’s leading experts handling the crisis, Professor Li Lanjuan, she is “very worried that imported cases could trigger another […]

  • The ‘New’ Federal Reserve As Garbage Can For All Capitalist Debt

    ZeroHedge - Mar 24th 2020 2:55pm EDT

    The ‘New’ Federal Reserve As Garbage Can For All Capitalist Debt Authored by Jack Rasmus via Counterpunch.org, Yesterday, the Federal Reserve crossed its latest liquidity free money Rubicon. It announced it will provide unlimited credit–and assume the bad debts, not just of banks, shadow banks, and wealthy investors but for what it called ‘Main St.’ […]

  • “The Gold Market Is Breaking Down”: Gold Spreads Explode As LBMA Warns Of Liquidity Problems

    ZeroHedge - Mar 24th 2020 2:40pm EDT

    “The Gold Market Is Breaking Down”: Gold Spreads Explode As LBMA Warns Of Liquidity Problems Last night, when observing the unprecedented “gold run” on precious metals dealers which has left all gold vendors with little to no physical gold, we said that “the price of physical gold has decoupled from paper gold” as a result […]

  • Stocks Surged This Morning As Trump Spoke With Hedge Funds About Re-Opening Economy, Fed Rescue

    ZeroHedge - Mar 24th 2020 2:35pm EDT

    Stocks Surged This Morning As Trump Spoke With Hedge Funds About Re-Opening Economy, Fed Rescue While the words all sound like he cares about “we, the people,” we can’t help but feel like President Trump’s true driver in his anti-virus efforts are focused on the only thing that matters – the stock market. Having pushed […]

  • Pigs At The Trough: Amtrak Is Latest Company Begging For Bailout As Ridership Plunges 92%

    ZeroHedge - Mar 24th 2020 2:20pm EDT

    Pigs At The Trough: Amtrak Is Latest Company Begging For Bailout As Ridership Plunges 92% Welcome to the latest episode of our ongoing “Pigs At The Trough” series, documenting how companies who have taken zero financial precautions over the last decade are now rushing to Uncle Sam and the American taxpayer for their “do-overs”.  Next […]

  • WHO Expert: Lock-Downs Won’t Stop This Virus

    ZeroHedge - Mar 24th 2020 2:05pm EDT

    WHO Expert: Lock-Downs Won’t Stop This Virus Authored by Mac Slavo via SHTFplan.com, A World Health Organization expert has come forward warning that lockdowns and economic depression are not going to stop this virus. Michael Ryan, who heads the WHO’s Health Emergencies Program, urged world governments to take further tyrannical measures in combating the coronavirus. […]