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  • 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. […]

  • Boeing, Which Demands A $60BN Taxpayer Bailout, Refuses To Give US An Equity Stake

    ZeroHedge - Mar 24th 2020 12:50pm EDT

    Boeing, Which Demands A $60BN Taxpayer Bailout, Refuses To Give US An Equity Stake Here is a snapshot of America’s bailout culture: beggars, and those demanding bailouts, can not only be choosers, but can dictate under what terms they are bailed out. With populist anger growing in response to Boeing’s demands for a taxpayer-funded bailout […]

  • Here Is Where The World Now Is On The “Corona Curve” At This Moment

    ZeroHedge - Mar 24th 2020 12:21pm EDT

    Here Is Where The World Now Is On The “Corona Curve” At This Moment With 1.7 billion people in the world under quarantine (and India about to make that 3 trillion) and desperate to find out where on the coronavirus “curve” they are to calculate how much more pain there is, JPM has made an […]

  • The One Thing – Playing The “Bear Market” Rally

    ZeroHedge - Mar 24th 2020 12:05pm EDT

    The One Thing – Playing The “Bear Market” Rally Authored by Lance Roberts via RealInvestmentAdvice.com, Let’s flashback to a time not so long ago, May 2019. “It was interesting to see Federal Reserve Chairman Jerome Powell, during an address to the Fernandina Beach banking conference, channel Ben Bernanke during his speech on corporate ‘sub-prime’ debt (aka leveraged […]

  • At Moment UN Chief Urged ‘Global Ceasefire’ To Stop COVID-19, Pentagon Held War Games Aimed At Iran

    ZeroHedge - Mar 24th 2020 11:50am EDT

    At Moment UN Chief Urged ‘Global Ceasefire’ To Stop COVID-19, Pentagon Held War Games Aimed At Iran Will the deadly coronavirus pandemic be the moment war is temporarily halted on a global scale? Not if the Pentagon has its way. United Nations Secretary-General António Guterres urged the leaders to declare a ‘global ceasefire’ and halt […]

  • Must We Kill The Economy To Kill The Virus?

    ZeroHedge - Mar 24th 2020 11:36am EDT

    Must We Kill The Economy To Kill The Virus? Authored by Patrick Buchanan via Buchanan.org, “We cannot let the cure be worse than the problem itself,” tweeted the president on Sunday night, adding that, after the current 15-day shutdown, “we will make a decision as to which way we want to go.” President Trump is […]

  • Pelosi’s $2.5 Trillion Corona-Counterproposal Includes Delays For Mortgage, Auto, And Credit Card Payments

    ZeroHedge - Mar 24th 2020 11:20am EDT

    Pelosi’s $2.5 Trillion Corona-Counterproposal Includes Delays For Mortgage, Auto, And Credit Card Payments The $2.5 trillion economic stimulus plan unveiled by House Speaker Nancy Pelosi (and which is ‘on the 5 yard line’ according to Senate Majority Leader Mitch McConnell) will have significant implications for the financial sector – forcing lenders to grant reprieves from […]

  • McElligott: Shhh… It’s Working

    ZeroHedge - Mar 24th 2020 10:55am EDT

    McElligott: Shhh… It’s Working One man’s fake market is another man’s blast off rally. On the same day Rabobank’s Michael Every asked rhetorically what’s the point of having a market if the Fed is backstopping everything in what is a de facto nationalization of risk, Nomura’s Charlie McElligott is focused on a more practical aspect […]

  • Back To Work By End Of March? Kudlow Pushes To Reopen Economy In Non-“Hot-Zones”

    ZeroHedge - Mar 24th 2020 10:41am EDT

    Back To Work By End Of March? Kudlow Pushes To Reopen Economy In Non-“Hot-Zones” As Bob Luddy writes in The Spectator, “America has no choice [but to reopen for business soon] if it is to avoid total disaster…” China and Russia are open for business and working at close to capacity, as America shutters most […]

  • Richmond Fed Business Survey Shockingly Rises… Here’s Why

    ZeroHedge - Mar 24th 2020 10:27am EDT

    Richmond Fed Business Survey Shockingly Rises… Here’s Why The Richmond Fed Business Survey smashed expectations today – printing an expansionary +2, from February’s -2 – massively better than the -13 print expected… Source: Bloomberg The reason for this shocking beat is not optimism… or a sign of a corner being turned… it is purely technical […]

  • COVID-19 Exposes Americans’ Financial Irresponsibility

    ZeroHedge - Mar 24th 2020 10:22am EDT

    COVID-19 Exposes Americans’ Financial Irresponsibility Authored by Kristin Tate, op-ed via TheHill.com, How long could you sustain your household if you were to stop earning income? If you are like most Americans, the answer is not for long. Only 40 percent of Americans can afford an unexpected $1,000 expense with their savings. In fact, nearly 80 percent of workers […]

  • New Home Sales Tumble In March, Despite Plunging Mortgage Rates

    ZeroHedge - Mar 24th 2020 10:09am EDT

    New Home Sales Tumble In March, Despite Plunging Mortgage Rates It seems the collapse in the stock market and overall global sentiment in the last few weeks has overwhelmed any ‘value’ seen from leveraging lower mortgage rates. New Home Sales plunged 4.4% MoM (from an upwardly-revised 10.5% MoM surge in February) Source: Bloomberg Based on […]

  • Nancy Pelosi “Optimistic” A Deal On $2.5 Trillion Stimulus Bill Can Be Reached “In A Few Hours”

    ZeroHedge - Mar 24th 2020 10:03am EDT

    Nancy Pelosi “Optimistic” A Deal On $2.5 Trillion Stimulus Bill Can Be Reached “In A Few Hours” During one of her famous phone interviews with CNBC host Jim Cramer, House Speaker Nancy Pelosi assured investors that there’s “real optimism that we could get something done” in the next few hours on the $2.5 trillion coronavirus […]

  • US Domestic Flights Could Completely Shut Down Due To Pandemic

    ZeroHedge - Mar 24th 2020 10:02am EDT

    US Domestic Flights Could Completely Shut Down Due To Pandemic Virtually all domestic passenger flights in the US could be halted due to COVID-19, as major US airlines have been drafting plans for a voluntary shutdown – while government agencies have been considering an order to do so anyway, according to the Wall Street Journal. […]

  • US Services Economy Collapses At Record Pace, Signal 5% GDP Plunge

    ZeroHedge - Mar 24th 2020 9:54am EDT

    US Services Economy Collapses At Record Pace, Signal 5% GDP Plunge Following disastrous PMI prints across Europe (and China last month), preliminary March US Manufacturing and Services data was expected to plunge notably into contraction (having already tumbled in February).. and they both did… US Manufacturing PMI dropped to 49.2 (contraction) – a 127-month low […]