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  • 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 […]

  • It’s Not “Just The Flu”: Here’s Why You Definitely Don’t Want To Catch COVID-19…

    ZeroHedge - Mar 24th 2020 9:45am EDT

    It’s Not “Just The Flu”: Here’s Why You Definitely Don’t Want To Catch COVID-19… Authored by Michael Snyder via TheMostImportantNews.com, Can you imagine being in “blinding pain” for weeks, constantly gasping for air as you feel like you are being suffocated, and screaming for mercy because you are in so much constant torment?  As you […]

  • Musk Cops Out On Tesla Making Ventilators, Buys Them From China Instead

    ZeroHedge - Mar 24th 2020 9:30am EDT

    Musk Cops Out On Tesla Making Ventilators, Buys Them From China Instead Man, Elon Musk and China sure are getting along very well over the last couple years… Not just content with trying to get some good PR by sticking his nose into another humanitarian crisis (after failing to fix the Flint Water crisis, the […]

  • Futures Hit Limit Up, Treasuries Extend Drop As $2 Trillion Stimulus Deal Nears

    ZeroHedge - Mar 24th 2020 9:16am EDT

    Futures Hit Limit Up, Treasuries Extend Drop As $2 Trillion Stimulus Deal Nears US equities hit ‘limit up’ in pre-market trading on Tuesday on news that the Senate and the White House are close to an agreement on a $2 trillion coronavirus aid package which was delayed after Democrats held it hostage for a wish […]

  • Rabobank: Many Are Questioning The Point Of Having A Market If The Fed Is Backstopping Everything

    ZeroHedge - Mar 24th 2020 9:05am EDT

    Rabobank: Many Are Questioning The Point Of Having A Market If The Fed Is Backstopping Everything Submitted by Michael Every of Rabobank Although Powell was still reluctant to call the Fed’s bond purchases quantitative easing last week, the FOMC has now confirmed that they will have no limits when purchasing US Treasuries. An increase of […]

  • New York’s Javits Center Will Be A 2,000 Bed Hospital Within A Week

    ZeroHedge - Mar 24th 2020 8:52am EDT

    New York’s Javits Center Will Be A 2,000 Bed Hospital Within A Week This week, the Jacob K. Javits center in New York City is being turned into a 1,000 bed hospital. That’s part of a plan to eventually turn it into a 2,000 bed hospital, according to Bloomberg. Governor Andrew Cuomo has proposed that […]

  • 1929 Redux – This Is Not Your Ordinary Crisis

    ZeroHedge - Mar 24th 2020 8:35am EDT

    1929 Redux – This Is Not Your Ordinary Crisis Authored by Sven Henrich via NorthmanTrader.com, When a house is on fire nobody has time to think about the future. All effort is on extinguishing the fire and save what’s left. That’s the Fed’s role right now dousing the burning economy and market duplex with zero […]

  • S&P Futures Hit Limit Up As Dollar Tumbles, Gold Soars

    ZeroHedge - Mar 24th 2020 8:20am EDT

    S&P Futures Hit Limit Up As Dollar Tumbles, Gold Soars With the market losing all gains since the Trump election on Monday, on Tuesday we may see Dow 20,000 again today (assuming this rally continues). The last time Dow 20K hit: the start of 2017. One day after futures hit limit down to start the […]

  • As Default Risk Soars, GM Draws Down $16 Billion From Credit Lines, Suspends Guidance

    ZeroHedge - Mar 24th 2020 8:15am EDT

    As Default Risk Soars, GM Draws Down $16 Billion From Credit Lines, Suspends Guidance The credit market is pricing the odds of default for General Motors at 49% as the economic collapse triggered by COVID-19 mitigation ripples through almost every industry. And so, like many other companies, GM is erring on the side of more […]

  • US Reports Largest Jump In COVID-19 Cases, Deaths; Japan Delays Tokyo Games Until 2021: Live Updates

    ZeroHedge - Mar 24th 2020 8:02am EDT

    US Reports Largest Jump In COVID-19 Cases, Deaths; Japan Delays Tokyo Games Until 2021: Live Updates Summary: US reports more than 10k new cases in largest daily jump yet Number of new coronavirus cases confirmed over last 2 days largest yet Alaska orders visitors to quarantine US records more than 100 deaths in a day […]

  • “European PMIs are… Well, There Is No Word For That!”

    ZeroHedge - Mar 24th 2020 7:41am EDT

    “European PMIs are… Well, There Is No Word For That!” Submitted by Christopher Dembik of Saxo Bank Speechless. March statistics are very ugly everywhere in Europe. German Flash manufacturing PMI is out at 45.7 and services PMI is falling at 34.5 (yes, 34.5!!!). The below chart is the first of many others that will look […]