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  • “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 […]

  • If You Haven’t Bought Physical Gold Yet, It’s Probably Too Late

    ZeroHedge - Mar 23rd 2020 9:45pm EDT

    “It’s Selling Like Toilet Paper”: If You Haven’t Bought Physical Gold Yet, It’s Probably Too Late 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. As gold became increasingly financialized in […]

  • Trump Is Finally Happy With Powell: “I Called Him Today And I Said ‘Jerome, Good Job'”

    ZeroHedge - Mar 23rd 2020 9:39pm EDT

    Trump Is Finally Happy With Powell: “I Called Him Today And I Said ‘Jerome, Good Job'” It finally happened. After the Fed cut rates to zero, launched unlimited QE, is on pace to buy $1 trillion in Treasurys and MBS in 2 weeks, backstopped pretty much every asset class and announced it would purchase bonds, […]

  • US Prisons ‘Ticking Time Bombs’ For Coronavirus Explosion, Congress Members Warn

    ZeroHedge - Mar 23rd 2020 9:25pm EDT

    US Prisons ‘Ticking Time Bombs’ For Coronavirus Explosion, Congress Members Warn Authored by Jessica Corbett via CommonDreams.org, Rights advocates and Democrats holding state and federal elected offices across the United States are doubling down on demands for the release of “at-risk” inmates and more preventive measures in jails and prisons to prevent mass outbreaks of the new […]

  • Twitter Sells Out – Will Allow Chinese Government Propaganda About Virus Origin

    ZeroHedge - Mar 23rd 2020 9:05pm EDT

    Twitter Sells Out – Will Allow Chinese Government Propaganda About Virus Origin Having withdrawn guidance for the rest of the year earlier in the evening, following a collapse in advertising revenue, it appears Twitter CEO Jack Dorsey has once again sold out to the Chinese government (among others). At the time we mocked: Who knows […]

  • “The World You Lived In No Longer Exists” – Mike Krieger Exposes The ‘Massive Power Grab’

    ZeroHedge - Mar 23rd 2020 8:45pm EDT

    “The World You Lived In No Longer Exists” – Mike Krieger Exposes The ‘Massive Power Grab’ Authored by Mike Krieger via Liberty Blitzkrieg blog, I met a traveller from an antique landWho said: Two vast and trunkless legs of stoneStand in the desert. Near them, on the sand,Half sunk, a shattered visage lies, whose frown,And […]

  • SoftBank Sells $41 Billion In Assets To Finance More Stock Buybacks

    ZeroHedge - Mar 23rd 2020 8:25pm EDT

    SoftBank Sells $41 Billion In Assets To Finance More Stock Buybacks SoftBank’s shift from long-term ‘vision’ to short-term ‘survival’ is now complete. After the infamous string of blowups that hammered both SoftBank’s private investments as well as its $100 billion ‘Vision Fund’, which consisted mostly of money from the Saudis and Abu Dhabi most notoriously […]

  • The Financial System Isn’t The Economy – Mind The Gap

    ZeroHedge - Mar 23rd 2020 8:05pm EDT

    The Financial System Isn’t The Economy – Mind The Gap Authored by Bruce Wilds via Advancing Time blog, The financial system is not the economy even though many people do not recognize the distinction. This means the gigantic efforts by the world’s central banks and governments to essentially “bail-out” both will prove somewhat ineffective. Covid-19 has […]

  • No Refunds: Costco Hoarders Discover They Can’t Return Toilet Paper

    ZeroHedge - Mar 23rd 2020 7:45pm EDT

    No Refunds: Costco Hoarders Discover They Can’t Return Toilet Paper Panic hoarders who rushed into Costco to buy years-worth of toilet paper are finding themselves out of luck when it comes to the big-box store’s typically generous return policy. Those who have regrets after realizing that COVID-19 isn’t a ‘pooping disease’ were met with signs […]

  • “Travel Papers” & The Pandemic Patriot Act 2.0

    ZeroHedge - Mar 23rd 2020 7:25pm EDT

    “Travel Papers” & The Pandemic Patriot Act 2.0 Authored by Daisy Luther via The Organic Prepper blog, Did you ever think we’d reach the point in the United States where you had to have papers to freely travel from one place to another? It appears we’re at the point. The MTA issued “travel papers” to […]