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  • Sunday Humor? Congress Allocates $2 Trillion To Bail Out Struggling Bailout Industry

    ZeroHedge - Mar 22nd 2020 5:20pm EDT

    Sunday Humor? Congress Allocates $2 Trillion To Bail Out Struggling Bailout Industry Fact or Fiction? In order to alleviate the heavy damage the crucial financial sector is facing in the midst of the ongoing Covid-19 outbreak, the United States Congress announced Tuesday that they would be allocating $2 trillion in order to bail out the […]

  • After Bernanke & Yellen Demand ‘Monetize Everything’, Congress Considers Allowing Fed To Buy Corporate Bonds

    ZeroHedge - Mar 22nd 2020 5:00pm EDT

    After Bernanke & Yellen Demand ‘Monetize Everything’, Congress Considers Allowing Fed To Buy Corporate Bonds So far in this ‘everything bubble’-burst crisis, the Fed has: 1) Cut interest rates from 1.25% to 0.15%. 2) Launched over $700 billion in Quarantitative Easing (QE). 3) Launched a $1.5 trillion repo program. 4) Launched another $1 trillion repo […]

  • Fed’s Bullard Warns Unemployment May Soar To 30%, GDP Crash 50% In Q2

    ZeroHedge - Mar 22nd 2020 4:46pm EDT

    Fed’s Bullard Warns Unemployment May Soar To 30%, GDP Crash 50% In Q2 Last Friday, when Goldman predicted a 24% drop in Q2 GDP ostensibly in response to JPM’s own -14% downgrade to Q2, we were frankly shocked, and wondered who would have the guts to come out with an even more apocalyptic prediction. Well, […]

  • Harvey Weinstein Transferred Out Of Rikers Island As Coronavirus Cases Explode

    ZeroHedge - Mar 22nd 2020 4:40pm EDT

    Harvey Weinstein Transferred Out Of Rikers Island As Coronavirus Cases Explode High-profile inmate Harvey Weinstein was transferred out of Rikers Island right as coronavirus cases have begun to explode at the infamous New York prison. On Wednesday, the 68-year-old disgraced movie mogul was transferred to the maximum security Wende Correctional Facility near Buffalo, according to […]

  • Joe Biden MIA During National Emergency; Apparently Ceilings In His Mansion ‘Too Low’ For Broadcast

    ZeroHedge - Mar 22nd 2020 4:21pm EDT

    Joe Biden MIA During National Emergency; Apparently Ceilings In His Mansion ‘Too Low’ For Broadcast People have been wondering why former Vice President Joe Biden has been silent over the last week as the nation grapples with the the COVID-19 national emergency. According to “a source with knowledge of the campaign,” Biden’s campaign is working […]

  • “The Speed Of Business Erosion Is Unprecedented”: Goldman Sees S&P Dropping To 2,000, Cuts EPS By 33%

    ZeroHedge - Mar 22nd 2020 4:20pm EDT

    “The Speed Of Business Erosion Is Unprecedented”: Goldman Sees S&P Dropping To 2,000, Cuts EPS By 33% We were curious what Goldman’s hilariously optimistic market strategist David Kostin, who until Friday was confident that the S&P would still end the year at 3,200, would do with the news from his economist team that GDP in […]

  • What Happens If Oil Prices Go Negative?

    ZeroHedge - Mar 22nd 2020 4:00pm EDT

    What Happens If Oil Prices Go Negative? Authored by Sturart Barnes via OilPrice.com, Various reports hit the news feeds today quoting a deliberately headline-grabbing statement by Paul Sankey, managing director at Mizuho Securities, in which he is reported as saying, “Oil prices can go negative.” That is, they could as a combination of Saudi Arabia (and […]

  • The 3 Pillars Of Trump’s Reelection Campaign Are Shaking Simultaneously 

    ZeroHedge - Mar 22nd 2020 3:40pm EDT

    The 3 Pillars Of Trump’s Reelection Campaign Are Shaking Simultaneously  In a little over a month, the three pillars underpinning President Trump’s argument for reelection have crashed: “the greatest economy ever;” running against Bernie Sanders and demonizing socialism; and “draining the swamp” of big government as the administration combats the virus with big government and […]

  • Kiwi QE: New Zealand Launches Emergency Quantitative Easing

    ZeroHedge - Mar 22nd 2020 3:35pm EDT

    Kiwi QE: New Zealand Launches Emergency Quantitative Easing For years, the billionaires’ favorite bug out destination of New Zealand remained an island of calm in a world of insanity, monetary and otherwise, sporting not only the world’s most pristine natural environment but never having done QE or experimented with negative rates. Alas, last week’s emergency […]

  • “The World Cannot Be Saved” – Von Greyerz Warns Global Financial System “Broken & Bankrupt”

    ZeroHedge - Mar 22nd 2020 3:20pm EDT

    “The World Cannot Be Saved” – Von Greyerz Warns Global Financial System “Broken & Bankrupt” Via Greg Hunter’s USAWatchdog.com, Financial and precious metals expert Egon von Greyerz (EvG) operates the largest private gold vault in the world in Switzerland. More than a year and a half ago, EvG warned here on USAWatchdog.com that “risk is exponential and […]

  • SEC Uses Coronavirus As Excuse To Abandon Audit Requirement Rules For Small Companies

    ZeroHedge - Mar 22nd 2020 3:00pm EDT

    SEC Uses Coronavirus As Excuse To Abandon Audit Requirement Rules For Small Companies “Never let a crisis go to waste,” were the famed words of Rahm Emanuel some years back. And now, it looks like the SEC is abiding by those words. While the rest of the world faces the existential threat of the coronavirus, […]

  • Congressman Warns: “I’m Seeing No Discussions About Limits Of State & Federal Power”

    ZeroHedge - Mar 22nd 2020 2:40pm EDT

    Congressman Warns: “I’m Seeing No Discussions About Limits Of State & Federal Power” Authored by Adam Dick via The Ron Paul Institute for Peace & Prosperity, Fear of coronavirus, or the use of such fear being present among the people to justify expanding control, is driving decisions in much of American local, state, and national […]

  • Tokyo 2020: IOC Sets Deadline For Olympics Decision After Prominent Teams Demand Postponement

    ZeroHedge - Mar 22nd 2020 2:27pm EDT

    Tokyo 2020: IOC Sets Deadline For Olympics Decision After Prominent Teams Demand Postponement The International Olympic Committee has set a deadline of four weeks to make a decision on whether they will postpone the 2020 games in Tokyo due to the Chinese coronavirus pandemic, according to the BBC. The move comes after most prominent teams […]

  • Taleb’s Turkey Gets The Chop: Equity Positioning Crashes To Lowest On Record

    ZeroHedge - Mar 22nd 2020 2:20pm EDT

    Taleb’s Turkey Gets The Chop: Equity Positioning Crashes To Lowest On Record Once upon a time, Nasem Taleb famously showed a chart showing phase discontinuity as represented by the well-being of a turkey, which has a delightful life for 1000 days, and then on day 1,001, i.e., Thanksgiving… “surprise.” The exact same thing just took […]

  • Stockman: The Crony Capitalist Thieves Are Back

    ZeroHedge - Mar 22nd 2020 2:02pm EDT

    Stockman: The Crony Capitalist Thieves Are Back Authored by David Stockman via Contra Corner blog, The nerve of it is a wonder to behold. The US airline industry has spent a decade shoving itself into harm’s way by strip-mining their balance sheets to fund share buybacks and goose top executive stock options. For crying out […]

  • Martial Law? Baltimore Residents Spot National Guard Troops Across State Amid COVID-19 Crisis

    ZeroHedge - Mar 22nd 2020 1:40pm EDT

    Martial Law? Baltimore Residents Spot National Guard Troops Across State Amid COVID-19 Crisis We reported on Friday that the Maryland National Guard has become more visible across the Baltimore Metropolitan Area as the COVID-19 crisis could lead to a statewide Martial Law-style lockdown.  The Baltimore Patch is reporting that National Guard troops have been spotted not just in Baltimore City, but […]

  • Italy Bans Any Movement Inside The Country As Germany Bans All Gatherings Of More Than 2 People

    ZeroHedge - Mar 22nd 2020 1:28pm EDT

    Italy Bans Any Movement Inside The Country As Germany Bans All Gatherings Of More Than 2 People Europe is clamping down on any person-to-person contract in what can only be described as an unprecedented lockdown. On Sunday, Germany, whose coronavirus cases soared in the past week, announced it would ban gatherings of more than two […]

  • Everyone Wanting To Buy Suggests The Bear Still Prowls

    ZeroHedge - Mar 22nd 2020 1:20pm EDT

    Everyone Wanting To Buy Suggests The Bear Still Prowls Authored by Lance Robert svia RealInvestmentAdvice.com, “If you own 10% equities, as we do, and the market falls 100%, you will lose 10%. That said, you have 90 cents on the dollar to buy equities for free.” – Michael Lebowitz Let me explain his comment. Last week, […]

  • “Stop The Coronavirus Corporate Coup”: Here Is A List Of Everyone Demanding A Bail Out

    ZeroHedge - Mar 22nd 2020 1:00pm EDT

    “Stop The Coronavirus Corporate Coup”: Here Is A List Of Everyone Demanding A Bail Out Courtesy of BIG newsletter author and monopoly researcher, Matt Stoller, here is an ever expanding list of every industry and entity that has floated bailout demands in what Stoller dubs the “CoronavirusCoup” – which if allowed to continue will make […]

  • TARP Failure Monday? With Hours To Go Until Futures Open, Congress Deadlocked On Stimulus Deal

    ZeroHedge - Mar 22nd 2020 12:40pm EDT

    TARP Failure Monday? With Hours To Go Until Futures Open, Congress Deadlocked On Stimulus Deal With unemployment surging and GDP crashing, negotiations over a massive coronavirus stimulus package are coming down to the wire, as a 3 p.m. vote looms in the Senate over what is expected to cost between $1.5 – $2 trillion. After […]

  • “No One Was Ready” – Europe’s Desperate Doctors Use Trash Bags As Hazmat Suits 

    ZeroHedge - Mar 22nd 2020 11:55am EDT

    “No One Was Ready” – Europe’s Desperate Doctors Use Trash Bags As Hazmat Suits  Huge jumps in COVID-19 deaths and cases have been reported in the UK, Germany, Spain, Italy, and France this weekend. Hospital systems in many of these countries are running out of supplies, staff, hospital beds, and ICU-level treatments.  The shortage of […]

  • Fear… Is Here

    ZeroHedge - Mar 22nd 2020 11:30am EDT

    Fear… Is Here Authored by Sven Henrich via NorthmanTrader.com, This is no longer about bulls and bears, this is now about our way of life. I don’t want to sound hyperbole here, but we still don’t know how any of this will unfold. We can all rightfully hope that all the drastic measures we now […]

  • WHO Reverses Course, Whines Global Lockdowns ‘Not Sufficient’, As US Total Tops 25K: Live Updates

    ZeroHedge - Mar 22nd 2020 11:27am EDT

    WHO Reverses Course, Whines Global Lockdowns ‘Not Sufficient’, As US Total Tops 25K: Live Updates The surge in newly confirmed cases in the US and Europe continued overnight, as roughly 7,000 new cases were reported in the US, according to Johns Hopkins data, vaunting the US total above 25k while most Americans were asleep. According […]

  • Mnuchin: Fed To Make $4 Trillion In Business Loans, Send $3,000 Checks To Family Of Four

    ZeroHedge - Mar 22nd 2020 11:05am EDT

    Mnuchin: Fed To Make $4 Trillion In Business Loans, Send $3,000 Checks To Family Of Four The Federal Reserve will lend up to $4 trillion to businesses affected by the coronavirus pandemic, according to Treasury Secretary Steven Mnuchin. “Working with the Federal Reserve — we’ll have up to $4 trillion of liquidity that we can […]

  • One Third Of All Coronavirus Cases Show No Symptoms, Classified China Data Reveals

    ZeroHedge - Mar 22nd 2020 10:59am EDT

    One Third Of All Coronavirus Cases Show No Symptoms, Classified China Data Reveals China, which has been praising itself for its draconian response in shutting down much of the country for most of February and thus halting the spread of the coronavirus pandemic domestically (at least if one ignores the glaring discrepancies from reports  on […]