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  • 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 […]

  • Asia Risk Reprieve in Play

    ZeroHedge - Mar 24th 2020 7:30am EDT

    Asia Risk Reprieve in Play Submitted by Eleanor Creagh of Saxobank Summary: After the Feds actions overnight, risk is bouncing in Asia and traders are optimistic on an incoming US fiscal relief package After yesterday’s Asia bloodbath, despite US stocks closing lower as the Senate again stalls on the stimulus bill, the region is set to […]

  • China’s Diplomats Contradict Each Other In Rare Communist Party Split Over Trump

    ZeroHedge - Mar 24th 2020 5:35am EDT

    China’s Diplomats Contradict Each Other In Rare Communist Party Split Over Trump China’s diplomatic corps is famous for its remarkably consistent ability to show a unified front it toeing the Communist Party line; however, Trump may have finally broken that.  Bloomberg reports of an extremely unusual public spat between two top Chinese diplomats: The differences spilled […]

  • “Helicopter Money”: This Is The Game-Changer Geo-Politically

    ZeroHedge - Mar 24th 2020 5:00am EDT

    “Helicopter Money”: This Is The Game-Changer Geo-Politically Authored by Charles Hugh Smith via OfTwoMinds blog, The collateral supporting the global mountain of debt is crumbling as speculative bubbles deflate. A great many freebies are being tossed in the Helicopter Money basket. That households experiencing declines in income need immediate support is obvious, as is the […]

  • Electricity Consumption In Italy Plummets Amid Countrywide Quarantine

    ZeroHedge - Mar 24th 2020 4:15am EDT

    Electricity Consumption In Italy Plummets Amid Countrywide Quarantine Italy has gone full “Wuhan” with a massive lockdown across the country amid a virus crisis that has paralyzed its economy. So far, 63,927 confirmed cases of COVID-19 had been reported, with 6,077 deaths. The Italian economy is being dragged into a depression as the fast-spreading virus cripples its northern regions, forcing the […]

  • Germany Closes Border To Europeans, But Migrants Still Allowed In

    ZeroHedge - Mar 24th 2020 3:30am EDT

    Germany Closes Border To Europeans, But Migrants Still Allowed In Authored by Paul Joseph Watson via Summit News, Germany has closed its border to visitors from Europe due to coronavirus, but migrants claiming asylum from the Middle East and Africa are still allowed to enter the country. Aside from exemptions for people from France, Luxembourg, […]

  • Chinese Factories Working 24/7 To Build Ventilators For Italy, New York

    ZeroHedge - Mar 24th 2020 2:45am EDT

    Chinese Factories Working 24/7 To Build Ventilators For Italy, New York Approximately 19% of those who contract coronavirus become seriously ill, according to a large Chinese study, while just under 14% fall into the ‘severe’ category, and 5% become critical – typically requiring a ventilator to breathe while suffering from multiple organ dysfunction. And while […]

  • COVID-19 & China’s Propaganda Campaign In Europe

    ZeroHedge - Mar 24th 2020 2:00am EDT

    COVID-19 & China’s Propaganda Campaign In Europe Authored by Soeren Kern via The Gatestone Institute, The Chinese government has been fast-tracking shipments of medical aid to Europe, which has become the epicenter of the coronavirus pandemic that first emerged in the Chinese city of Wuhan. The largesse appears to be part of a public relations […]

  • UK, Europe & IMF Ramp Up Pressure For Trump To Ease Sanctions On Virus-Ravaged Iran

    ZeroHedge - Mar 24th 2020 1:00am EDT

    UK, Europe & IMF Ramp Up Pressure For Trump To Ease Sanctions On Virus-Ravaged Iran Reports and in some cases video began emerging last week of mass shipments of humanitarian supplies being halted and grounded by skittish EU countries worried about violating US-led sanctions on Iran.  This as Iranian leaders have lashed out at Washington […]

  • Sperm-19 And Egg-18: Squashing The Virus Of Death

    ZeroHedge - Mar 24th 2020 12:05am EDT

    Sperm-19 And Egg-18: Squashing The Virus Of Death Authored (satirically) by Vladimir Golstein via Off-Guardian.org, Scientists at Michael Bloomberg School of Multiplication at Johns Hopkins University have discovered a new and highly dangerous and contagious source of death. It is called life. The discovery was long in the making, with some great sages of Ancient […]

  • DOJ Orders First Shutdown Of Website Selling Fraudulent COVID-19 Cure 

    ZeroHedge - Mar 23rd 2020 11:45pm EDT

    DOJ Orders First Shutdown Of Website Selling Fraudulent COVID-19 Cure  The US Department of Justice (DOJ) announced on Sunday that “it has taken its first action in federal court to combat fraud related to the coronavirus (COVID-19) pandemic” via the shutdown of a website offering a cure.  Detailed in the civil complaint filed on Saturday, the operators […]

  • The Everything Bubble, Fictitious Capital, & COVID-19

    ZeroHedge - Mar 23rd 2020 11:25pm EDT

    The Everything Bubble, Fictitious Capital, & COVID-19 Authored by Frank Lee via Off-Guardian.org, The years since the 1970s are unprecedented in terms of their volatility in the price of commodities, currencies, real estate and stocks. There have been 4 waves of financial crises: a large number of banks in three, four or more countries collapsed […]

  • 67 Million Americans Could Miss Their Credit Payments Thanks To Virus Crisis

    ZeroHedge - Mar 23rd 2020 11:05pm EDT

    67 Million Americans Could Miss Their Credit Payments Thanks To Virus Crisis As social gatherings are limited and businesses shutter operations to reduce the spread of COVID-19, millions of Americans could be laid off in the next couple of months as the economy dives into a depression.  Most of the job loss will be seen across […]

  • COVID-19 Lesson #1 For Investors: Beware Predictions Of Market Bottoms

    ZeroHedge - Mar 23rd 2020 10:45pm EDT

    COVID-19 Lesson #1 For Investors: Beware Predictions Of Market Bottoms Authored by Daniel Nevins via NevinsResearch.com, With hoops “out” and exponentials “in” (referring to March Madness, the 2020 pandemic definition), there’s a new, customary disclaimer on economics and financial sites. Mine says that I, too, knew nothing about infectious disease modeling only two months ago. […]

  • “Biggest Lockdown In World History” – India Paralyzed As COVID-19 Crisis Unfolds 

    ZeroHedge - Mar 23rd 2020 10:25pm EDT

    “Biggest Lockdown In World History” – India Paralyzed As COVID-19 Crisis Unfolds  Indian stocks crashed on Monday, suffering their worst single-day loss on record, as domestic and foreign investors were absolutely terrified that a nationwide lockdown triggered by a COVID-19 outbreak could crash the economy.  The NIFTY 50 is the flagship index on the National Stock Exchange […]

  • Pandemic: The Invention Of A Disease Called Fear

    ZeroHedge - Mar 23rd 2020 10:05pm EDT

    Pandemic: The Invention Of A Disease Called Fear Authored by Julain Rose via Counterpunch.org, The word ‘pandemic’ bears a similarity to the word ‘panic’ and indeed ‘pandemonium’. In fact ‘pandemic’ evokes an almost instant flush of fear in those easily manipulated by mass media, before any details have even touched the surface or context in […]