News From ZeroHedge, Page 3211

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  • The Crash Of 2020 Is Now Worse Than The Great Depression

    ZeroHedge - Mar 20th 2020 12:51pm EDT

    The Crash Of 2020 Is Now Worse Than The Great Depression Back in December, someone in China made bat soup (at least according to the officially accepted narrative that doesn’t get you banned on Facebook, Twitter, etc), and the rest is history: in the next three months, the global equity market has lost $24 trillion […]

  • Schumer Asks Trump To Invoke Act For Emergency Medical Equipment; Trump Immediately Orders It Done

    ZeroHedge - Mar 20th 2020 12:25pm EDT

    Schumer Asks Trump To Invoke Act For Emergency Medical Equipment; Trump Immediately Orders It Done President Trump has ordered his administration to immediately prepare to invoke the Defense Production act to “get ventilators and other important medical equipment to those who need it,” after Senate Minority Leader Chuck Schumer (D-NY) asked the president by phone […]

  • Distressed Debt In The US Doubles In 2 Weeks To $500BN As BofA Expects Surge In Defaults

    ZeroHedge - Mar 20th 2020 12:20pm EDT

    Distressed Debt In The US Doubles In 2 Weeks To $500BN As BofA Expects Surge In Defaults Last week, in the aftermath of the historic oil price collapse, we warned that the long-awaited “fallen angel” day has arrived, as $140 billion in oil producer (and up to $360 if one includes the mid-stream companies) investment […]

  • After Trading Limit-Up Overnight, Nasdaq Has Crashed Into The Red

    ZeroHedge - Mar 20th 2020 12:13pm EDT

    After Trading Limit-Up Overnight, Nasdaq Has Crashed Into The Red Despite The Fed’s biggest asset-purchase week ever, US equity markets refuse to hold a bid. After trading limit-up overnight )on what we have no idea), Nasdaq is now down almost 1% on the day… What next Jay?   Tyler Durden Fri, 03/20/2020 – 12:13

  • New York Times Deletes Word “Wuhan” From Its Coronavirus Tracking Map

    ZeroHedge - Mar 20th 2020 12:05pm EDT

    New York Times Deletes Word “Wuhan” From Its Coronavirus Tracking Map Authored by Paul Joseph Watson via Summit News, Following a media narrative that President Trump is “racist” for calling COVID-19 the ‘Chinese virus’, the New York Times has now deleted the word ‘Wuhan’ from its coronavirus tracking map. Trump has repeatedly referred to the […]

  • Second Great Depression Begins? Goldman Now Expects A Record 24% Crash In Q2 GDP; Sees 9% Unemployment

    ZeroHedge - Mar 20th 2020 11:51am EDT

    Second Great Depression Begins? Goldman Now Expects A Record 24% Crash In Q2 GDP; Sees 9% Unemployment On Wednesday we mused that a race had emerged between Goldman and JPMorgan over who can downgrade the US GDP growth rate the most. Up until that point, Goldman held the lead, with its recently announced -5% cut […]

  • Watch Live: White House COVID-19 Task Force Holds Friday Meeting

    ZeroHedge - Mar 20th 2020 11:48am EDT

    Watch Live: White House COVID-19 Task Force Holds Friday Meeting As the number of confirmed cases of COVID-19 passes 14,000, the White House task force is holding its Friday task force, where we imagine we’ll be hearing an update about the Senate’s proposed $1 trillion economic stimulus and ‘helicopter money’ package. It’s slated to start […]

  • Are Americans All-In For A Long ‘War On Virus’?

    ZeroHedge - Mar 20th 2020 11:35am EDT

    Are Americans All-In For A Long ‘War On Virus’? Authored by Patrick Buchanan via Buchanan.org, “It’s a war,” says President Donald Trump of his efforts to contain the coronavirus pandemic, and likening his role to that of “wartime president.” New York Governor Andrew Cuomo welcomed the president’s claim to his commander in chief role in […]

  • Market Plunges Back Into Red After Cuomo Locks-Down New York

    ZeroHedge - Mar 20th 2020 11:27am EDT

    Market Plunges Back Into Red After Cuomo Locks-Down New York But, but, but… The Fed’s bailouts? The Dow just dived 600 points, back into the red, after NY Governor Cuomo told 100% of workers to stay home…       Tyler Durden Fri, 03/20/2020 – 11:27

  • Fed Expands Bailout Facility To Muni Bonds After Market Meltdown

    ZeroHedge - Mar 20th 2020 11:06am EDT

    Fed Expands Bailout Facility To Muni Bonds After Market Meltdown In yet another expansion of The Fed’s intervantionary reach into ‘markets’, The Fed has decided to “expand its program of support for flow of credit to the economy by taking steps to enhance liquidity and functioning of crucial state and municipal money markets.” This is […]

  • Is The Panic Worse Than The Virus?

    ZeroHedge - Mar 20th 2020 10:50am EDT

    Is The Panic Worse Than The Virus? Authored by MN Gordon via EconomicPrism.com, The Great Panic of 2020 is already one for the history books.  Yet the damage has only just begun.  We suspect the stock market crash, economic destruction, and forfeiture of freedoms will persist long after the coronavirus hobgoblin has been put to […]

  • Historic Day: Fed To Buy A Record $107 Billion In Securities Today Alone As Fed Balance Sheet Explodes

    ZeroHedge - Mar 20th 2020 10:22am EDT

    Historic Day: Fed To Buy A Record $107 Billion In Securities Today Alone As Fed Balance Sheet Explodes Back in December we predicted that at the rate “Not QE” (RIP) was going, the Fed balance sheet would surpass it all time high by late April. It turns out that we were overly optimistic: with the […]

  • NBC News Employee Dies From COVID-19

    ZeroHedge - Mar 20th 2020 10:16am EDT

    NBC News Employee Dies From COVID-19 For a handful of American journalists who have been covering the novel coronavirus outbreak, the battle against COVID-19 may have just become even more personal and immediate. NBC News announced Friday that Larry Edgeworth, an equipment room employee at ’30 Rock’, succumbed to complications caused by the virus. NBC […]

  • IRS Moves Tax-Day From April 15 To July 15, Mnuchin Says

    ZeroHedge - Mar 20th 2020 10:14am EDT

    IRS Moves Tax-Day From April 15 To July 15, Mnuchin Says The full-court-press efforts of the administration to assist Americans’ and American businesses’ cashflow continues with Treasury Secretary Steve Mnuchin confirming in a tweet this morning that the IRS will be moving ‘Tax Day’ back by 3 months… At @realDonaldTrump’s direction, we are moving Tax […]

  • Fed Announces “Enhanced” Central Bank Swap Lines To Ease Dollar Funding Shortage

    ZeroHedge - Mar 20th 2020 10:08am EDT

    Fed Announces “Enhanced” Central Bank Swap Lines To Ease Dollar Funding Shortage With the Fed throwing the kitchen sink at the global dollar funding shortage problem, and failing to make much of a dent on the renewed surge in the dollar, last night we said that we expect even more aggressive swap lines with global […]

  • Putin Won’t Blink First: Putin Rejects Potential US ‘Intervention’ In Russia-Saudi Oil War

    ZeroHedge - Mar 20th 2020 9:20am EDT

    Putin Won’t Blink First: Putin Rejects Potential US ‘Intervention’ In Russia-Saudi Oil War “We do not think that anyone should intervene in these relations,” the Russian presidency’s office stated Friday of its “good relationship” and “partnership” with the Saudis, hitting back at Trump’s comments on the emerging oil-price war. Yesterday President Trump described the Saudi-Russia oil price […]

  • “There’s Nothing Left To Sell” – Nomura Sees Today’s Quad Witch Ending The ‘Mechanical Sell Flow’

    ZeroHedge - Mar 20th 2020 9:05am EDT

    “There’s Nothing Left To Sell” – Nomura Sees Today’s Quad Witch Ending The ‘Mechanical Sell Flow’ It’s ‘quad witch’ today, Historically, quad-witch weeks have meant a collapse in vol and surge in stocks – no matter what the news. But, this week (and last) has been different, to say the least… However, as Nomura’s Charlie […]

  • Blain: Why “We’re Still Only In The First Phase” Of This Chaos

    ZeroHedge - Mar 20th 2020 8:49am EDT

    Blain: Why “We’re Still Only In The First Phase” Of This Chaos Authored by Bill Blain via MorningPorridge.com, “How beauteous mankind is! O brave new world that has such people in it..” This is a very strange world we find ourselves in.  There is literally too much to write about in terms of how the […]

  • There’ll Be “Close To Zero” New Virus Cases By April, Elon Musk Tweets, Says Children Are “Essentially Immune”

    ZeroHedge - Mar 20th 2020 8:35am EDT

    There’ll Be “Close To Zero” New Virus Cases By April, Elon Musk Tweets, Says Children Are “Essentially Immune” Today in news of double standards… While Zero Hedge remains banned from Twitter for suggesting that a Chinese level-4 biolab experimenting with bat coronavirus (which is 96% genetically identical to COVID-19) – located roughly 900 feet from the Wuhan […]

  • Saxo: Have Global Equities Turned A Corner?

    ZeroHedge - Mar 20th 2020 8:21am EDT

    Saxo: Have Global Equities Turned A Corner? Submitted by Peter Garnry, Head of Equity Strategy, Saxo Bank Summary: European equities are up 17% from yesterday’s lows as risk-on sentiment is coming back as oil is rebounding. We are following EURNOK today as key risk indicators as stronger NOK comes with increasing confidence in liquidity, improved […]

  • Quad-Witching Craze: Futures Blast Off, Nasdaq Limit Up… But Can It Stick

    ZeroHedge - Mar 20th 2020 8:07am EDT

    Quad-Witching Craze: Futures Blast Off, Nasdaq Limit Up… But Can It Stick After a week of vomit-inducing limit up, limit down market moves, the week is set to end with another rollerocoaster bang, as the notorious gamma-slashing quadruple witching – the expiration of options and futures contacts – coincides with the ongoing market volatility. Having […]

  • How To React As People Lose Their Heads In Extreme Market Uncertainty

    ZeroHedge - Mar 20th 2020 8:00am EDT

    How To React As People Lose Their Heads In Extreme Market Uncertainty Authored by Dan Rasmussen via Verdad, We are in the midst of a significant market drawdown. These types of market panics have historically happened about once every decade, with this being the sharpest sell-off in the S&P 500 since 2009. As people around us are […]

  • Hong Kong Reports Largest Surge In Infections Yet As Experts Warn ” We’re On The Edge Of All-Out War” With COVID-19: Live Updates

    ZeroHedge - Mar 20th 2020 7:11am EDT

    Hong Kong Reports Largest Surge In Infections Yet As Experts Warn ” We’re On The Edge Of All-Out War” With COVID-19: Live Updates When historians look back at this time, we suspect that California Gov. Gavin Newsom’s landmark decision to order more than 40 million Californians to remain at home on Thursday night will be […]

  • Martial Law France: Citizens Forced To Fill Out Form Every Time They Leave Home

    ZeroHedge - Mar 20th 2020 6:10am EDT

    Martial Law France: Citizens Forced To Fill Out Form Every Time They Leave Home Authored by Paul Joseph Watson via Summit News, The coronavirus lockdown in France literally forces citizens to ‘show their papers’; They have to fill out a form explaining why they are outside and present it to police. A translation of the […]

  • Lockheed Martin Releases Clip Of Simulated Attack On Russian Defense Systems

    ZeroHedge - Mar 20th 2020 5:35am EDT

    Lockheed Martin Releases Clip Of Simulated Attack On Russian Defense Systems Leave it to a major US arms defense contractor to hype the “ever-evolving threats” to US national security in a new hugely provocative video at a time the world fights an “invisible enemy” – as world leaders are calling it – in the form of the […]