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  • “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 […]

  • Jackpot: The “Big Short 2” Trade Has Absolutely Crushed It

    ZeroHedge - Mar 23rd 2020 3:00pm EDT

    Jackpot: The “Big Short 2” Trade Has Absolutely Crushed It Back in March 2017, a bearish trade emerged which quickly gained popularity on Wall Street, and promptly received the moniker “The Next Big Short.” As we reported at the time, similar to the run-up to the housing debacle, a small number of bearish funds were […]

  • Platts: 5 Commodity Charts To Watch This Week

    ZeroHedge - Mar 23rd 2020 2:30pm EDT

    Platts: 5 Commodity Charts To Watch This Week Via S&P Global Platts Insight blog, US oil exports are under pressure as WTI’s differential to Middle Eastern offers narrows, reducing its appeal in Asia. Meanwhile, the gut-punch to global demand from the coronavirus pandemic is playing out across markets, putting EU carbon prices high on traders’ watchlist after […]

  • White House Axed CDC ‘Eyes & Ears’ On The Ground In China Months Before Outbreak

    ZeroHedge - Mar 23rd 2020 2:15pm EDT

    White House Axed CDC ‘Eyes & Ears’ On The Ground In China Months Before Outbreak It appears Washington’s first failing to protect against the spread of the deadly coronavirus began on what would be the ‘front lines’ months prior to the emergence of the pandemic.  A lengthy investigative report in Reuters found that the White House […]

  • Garrison: Beware The Deep State In A Crisis

    ZeroHedge - Mar 23rd 2020 2:00pm EDT

    Garrison: Beware The Deep State In A Crisis Authored by Ben Garrison via GrrrGraphics.com, Old Saying: “Give them an inch and they will take a mile.” HOUSE DEMOCRAT WHIP: CORONAVIRUS A ‘TREMENDOUS OPPORTUNITY TO RESTRUCTURE THINGS TO FIT OUR VISION’ Big Government (the Deep State) claims to care about its subjects (We The People). This […]

  • Finally Good News: Slowdown In New Cases, Deaths Suggests Italy’s Outbreak May Be Peaking

    ZeroHedge - Mar 23rd 2020 1:48pm EDT

    Finally Good News: Slowdown In New Cases, Deaths Suggests Italy’s Outbreak May Be Peaking Italy’s Civil Protection Agency just reported a second straight drop in new cases, offering some hope to Italians, and the global community, as the government in Rome has been desperately struggling to slow the outbreak. All of a sudden about three […]

  • IOC Member Says 2020 Tokyo Olympics “Will Be Postponed” Likely To 2021

    ZeroHedge - Mar 23rd 2020 1:40pm EDT

    IOC Member Says 2020 Tokyo Olympics “Will Be Postponed” Likely To 2021 Veteran International Olympic Committee (IOC) member Dick Pound told USA Today on Monday that the 2020 Tokyo Olympic Games are going to be postponed to 2021, with more details coming next month. “On the basis of the information the IOC has, postponement has […]

  • How Big A Fiscal Package Is Needed? Try $3 Trillion To Start

    ZeroHedge - Mar 23rd 2020 1:35pm EDT

    How Big A Fiscal Package Is Needed? Try $3 Trillion To Start Submitted by Joe Carson, former chief economist of AllianceBernstein As Washington rushes to approve a fiscal aid package to cushion the economy from the coronavirus the critical question is how big of a fiscal response is needed. Drawing on the lessons of the […]

  • Germany Supports Rescue Loan For Italy Through Euro Area Bailout Fund

    ZeroHedge - Mar 23rd 2020 1:15pm EDT

    Germany Supports Rescue Loan For Italy Through Euro Area Bailout Fund Who would have thought just one month ago, that “stingy, austere” Germany would emerge in just a few short weeks as a supporter of a European fiscal stimulus gusher. After a weekend in which Germany’s “debt brake”, aka “black zero” balanced-budget policy was finally […]