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  • 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    Twitter Sells Out – Will Allow Chinese Government Propaganda About Virus Origin Having withdrawn guidance for the rest of the year earlier in the evening, following a collapse in advertising revenue, it appears Twitter CEO Jack Dorsey has once again sold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 […]

  • Ackman Goes All In: “That’s About The Most Bullish Thing We’ve Done. We’re All Long, No Shorts”

    ZeroHedge - Mar 23rd 2020 7:05pm EDT

    Ackman Goes All In: “That’s About The Most Bullish Thing We’ve Done. We’re All Long, No Shorts” Though his silvery mane and piercing blue eyes have helped to make him an instantly recognizable figure in the financial press, most American retirees probably know Bill Ackman as that lunatic who recently inspired their terrified in-laws to […]

  • “This Is The Biggest Thing Since 1776…” Doug Casey Explains How COVID-19 Will Spark The Greater Depression

    ZeroHedge - Mar 23rd 2020 6:45pm EDT

    “This Is The Biggest Thing Since 1776…” Doug Casey Explains How COVID-19 Will Spark The Greater Depression Via InternationalMan.com, Panicked people are emptying supermarket shelves and stockpiling toilet paper. Hand sanitizer is impossible to find anywhere. Is the impact of the fear and hysteria greater than the risk of the virus itself? Doug Casey: Yes, […]

  • India Is Now Hand-Stamping People Who Are Suspected To Have COVID-19 Infections

    ZeroHedge - Mar 23rd 2020 6:25pm EDT

    India Is Now Hand-Stamping People Who Are Suspected To Have COVID-19 Infections After an all-day curfew was observed by the entire nation Sunday, millions of Indians are remaining on lockdown because of the global coronavirus pandemic. You will find more infographics at Statista And now, as if the coronavirus containment scenes from around the world […]

  • The Third Bull Run For Precious Metals Is Here As Physical Demand Soars

    ZeroHedge - Mar 23rd 2020 6:05pm EDT

    The Third Bull Run For Precious Metals Is Here As Physical Demand Soars Via Birch Gold Group, Over the past couple of weeks, precious metals prices have been pulling back from their recent highs. For anyone taking a short-term view, it’s not a positive development. But appearances are sometimes much different from reality – especially once you […]

  • “The Situation Is Unthinkable” – Restaurant Suppliers Give Away Unsold Produce As Industry Freezes

    ZeroHedge - Mar 23rd 2020 5:45pm EDT

    “The Situation Is Unthinkable” – Restaurant Suppliers Give Away Unsold Produce As Industry Freezes We’ve noted in recent weeks that OpenTable has shown a collapse in restaurant traffic across the US and in London. Some five to seven million people working in the US restaurant industry are expected to lose their jobs over the next three months. With restaurants […]

  • As “Big Short 2” Explodes, Citi, Deutsche Bank Stuck With Billions In Unsellable CMBS Debt

    ZeroHedge - Mar 23rd 2020 5:40pm EDT

    As “Big Short 2” Explodes, Citi, Deutsche Bank Stuck With Billions In Unsellable CMBS Debt Earlier today we reported that amid a growing investor panic that the Wu Flu will be the final nail in the malls’ coffin, resulting in countless retail outlet closures and a collapse in rental payments crushing the commercial real estate […]

  • Kunstler: “I Doubt The Federal Govt As We Know It Can Survive This”

    ZeroHedge - Mar 23rd 2020 5:25pm EDT

    Kunstler: “I Doubt The Federal Govt As We Know It Can Survive This” Authored by James Howard Kunstler via Kunstler.com, I never subscribed to the nostrums of Marxism, but old Karl sure had a point when he said, “All that is solid melts into air, all that is holy is profaned, and man is at […]

  • Watch Live: White House Coronavirus Task Force Holds Monday Briefing

    ZeroHedge - Mar 23rd 2020 5:25pm EDT

    Watch Live: White House Coronavirus Task Force Holds Monday Briefing As President Trump and VP Pence have both raised the issue of limiting the lockdown’s economic fallout, both have promised thatthe White House will ‘reevaluate’ its stay-at-home recommendation when the 15-day-period ends on March 30. The battle over the critical second economic stimulus package is […]

  • Minerd: “How Do We Know We Haven’t Reached The Bottom? When The Talking Heads On CNBC Are Buying”

    ZeroHedge - Mar 23rd 2020 5:05pm EDT

    Minerd: “How Do We Know We Haven’t Reached The Bottom? When The Talking Heads On CNBC Are Buying” Guggenheim CIO Scott Minerd hasn’t been exactly bullish in recent weeks. In fact, the weightlifting asset manager, best known perhaps for repeatedly warning about the corporate bond bubble and the threat of fallen angels, last month prudently […]

  • Twitter Withdraws Q1 Guidance As Ad Revenues Crash

    ZeroHedge - Mar 23rd 2020 4:52pm EDT

    Twitter Withdraws Q1 Guidance As Ad Revenues Crash So sad. Moments ago Twitter, which in recent months has taken upon itself to become the supreme arbiter of all that is politically correct, noble and just (or at least is not frowned upon by the Chinese Communist Party) in this cruel world where readers are completely […]

  • Weeks Where Decades Happen

    ZeroHedge - Mar 23rd 2020 4:45pm EDT

    Weeks Where Decades Happen Authored by Jim Quinn via The Burning Platform blog, “There are decades where nothing happens; and there are weeks where decades happen.” -Vladimir Ilyich Lenin  “A Crisis mood does not guarantee that the new governing policies will be well designed or will work as intended. To the contrary: Crisis eras are […]

  • David Tepper: “My Balls Are In My Jockstrap,” As Stocks Could Drop Another 15%

    ZeroHedge - Mar 23rd 2020 4:25pm EDT

    David Tepper: “My Balls Are In My Jockstrap,” As Stocks Could Drop Another 15% As Bill Ackman babbles about ‘hell on earth’, and Ray Dalio commits billions of dollars to pay the bills of health care workers (please take this report with a grain of salt) as his firm’s flagship fund was reportedly blindsided by […]

  • Unnamed White House Correspondent Has Suspected COVID-19 Case

    ZeroHedge - Mar 23rd 2020 4:15pm EDT

    Unnamed White House Correspondent Has Suspected COVID-19 Case The White House Correspondents Association says it has been informed of a suspected case of coronavirus among the White House press corps, according to Reuters. “We have been informed that one of our colleagues has a suspected case of COVID-19.  The individual was at the White House […]

  • Gold Surges Most Since 2009 After Fed Unveils QEternity, Stocks & Bond Yields Tumble

    ZeroHedge - Mar 23rd 2020 4:00pm EDT

    Gold Surges Most Since 2009 After Fed Unveils QEternity, Stocks & Bond Yields Tumble The Fed unveiled its ultimate bazooka today – unlimited buying of pretty much any- and every-thing until this all calms down. The problem is – it didn’t reassure investors as they’ve had 10 years of knowing that whatever The Fed ‘creates’ […]

  • Is It Time To Buy Stuff?

    ZeroHedge - Mar 23rd 2020 3:45pm EDT

    Is It Time To Buy Stuff? Submitted by Kuppy via Adventures in Capitalism It’s said that you want to buy when others are fearful. It sure seems that investors are currently losing their minds. Look, I get it, there’s a virus and there’s a good chance that a lot of us will get it. There’s […]

  • Moderna’s Experimental COVID-19 Vaccine Might Be Ready For Limited Use By The Fall

    ZeroHedge - Mar 23rd 2020 3:31pm EDT

    Moderna’s Experimental COVID-19 Vaccine Might Be Ready For Limited Use By The Fall A human trial being held in Washington State to research a promising drug designed to fight COVID-19 is reportedly going better than expected, and it’s possible that a handful of infected patients – likely health-care workers – could be administered the drug […]