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  • Tesla Still Allowing 2,500 Employees To Work At Fremont, Despite County Lockdown Order

    ZeroHedge - Mar 19th 2020 10:40am EDT

    Tesla Still Allowing 2,500 Employees To Work At Fremont, Despite County Lockdown Order Well, it looks like Elon Musk has once again “gotten away with it”. Yesterday, we updated the world on the situation in Alameda County, where despite an order to lockdown all non-essential businesses, Elon Musk has kept his Fremont facility open. The […]

  • Rabobank: “We Warned The Dollar Would Go Up, Up, Up – And Then Up. Well… Here We Are”

    ZeroHedge - Mar 19th 2020 10:20am EDT

    Rabobank: “We Warned The Dollar Would Go Up, Up, Up – And Then Up. Well… Here We Are” Submitted by Michael Every of Rabobank Dollar Kebab We have repeatedly warned in recent years that systemic crises would re-emerge because the global economy was so unbalanced, so unequal, and based so much on so much USD […]

  • Trump Deploys Navy Floating Hospital To NYC Harbor As Virus Cases Soar

    ZeroHedge - Mar 19th 2020 10:07am EDT

    Trump Deploys Navy Floating Hospital To NYC Harbor As Virus Cases Soar New York is experiencing an exponential rise in confirmed Covid-19 cases requiring hospitalization. The problem is when hospital beds and ICU level care capacity is exhausted, treatment for the most vulnerable is not seen, and that is the point when mortality rates surge. […]

  • Gold, Stocks, Inverted Curves, & “Blood In The Streets”

    ZeroHedge - Mar 19th 2020 9:45am EDT

    Gold, Stocks, Inverted Curves, & “Blood In The Streets” Via Crescat Capital, Dear Investors: Are you looking for securities to buy to take advantage of the carnage in the financial markets from the coronavirus? Baron Rothschild, the 18th-century British banker advised that “The time to buy is when there’s blood in the streets, even if […]

  • China Apologizes To Wife Of Whistleblower Doctor Who Died After Contracting Coronavirus

    ZeroHedge - Mar 19th 2020 9:31am EDT

    China Apologizes To Wife Of Whistleblower Doctor Who Died After Contracting Coronavirus Here is one for the record books… Six weeks after the death of Dr Li Wenliang – the Chinese doctor who tried to raise the alarm about the new coronavirus before it was even identified – Wuhan police have withdrawn their charges and […]

  • Ford Suspends Dividend, Draws-Down $15bn Credit Line Fully, Withdraws Guidance

    ZeroHedge - Mar 19th 2020 9:15am EDT

    Ford Suspends Dividend, Draws-Down $15bn Credit Line Fully, Withdraws Guidance A day after the Big 3 shutdown factories amid the virus lockdown, Ford is out with a kitchen sink 8K as it braces to ride out the worsening economic situation in the US (and worldwide): $15.4 billion of additional cash on balance sheet, drawing from […]

  • Fed Expands Dollar Swap Lines With Nine More Central Banks Amid Unprecedented Dollar Short Squeeze

    ZeroHedge - Mar 19th 2020 9:14am EDT

    Fed Expands Dollar Swap Lines With Nine More Central Banks Amid Unprecedented Dollar Short Squeeze As we reported yesterday, one of the recommendations proposed by repo “god” Zoltan Pozsar to restore dollar liquidity and eliminate funding and market stress, was for the Fed to effectively become banker to the entire world in the form of […]

  • Fed Boosts Daily QE By 66% Overnight To Record $75 Billion In One Day

    ZeroHedge - Mar 19th 2020 9:01am EDT

    Fed Boosts Daily QE By 66% Overnight To Record $75 Billion In One Day Overnight saw the addition of yet another four-letter-acronym bailout fund from The Fed but signals from the market suggest that they are once again losing control of the dollar-shortage-driven liquidity crisis as the FRA-OIS spread has started to rise sharply once […]

  • The Global Repricing Of Assets Can’t Be Stopped

    ZeroHedge - Mar 19th 2020 8:56am EDT

    The Global Repricing Of Assets Can’t Be Stopped Authored by Charles Hugh Smith via OfTwoMinds blog, All bubbles pop, period. The financial elites are pushing a narrative that asset prices, sales and profits will all return to January 2020 levels as soon as the Covid-19 pandemic fades. Get real, baby. Nothing is going back to January […]

  • Jobless Claims Explode Higher As Virus-Impact Begins To Hit Main Street

    ZeroHedge - Mar 19th 2020 8:34am EDT

    Jobless Claims Explode Higher As Virus-Impact Begins To Hit Main Street In the lead up to this morning’s must-watch initial jobless claims data, searches for unemployment-related services have exploded as national lockdowns have led to mass layoffs across both the services and manufacturing sectors. And while analysts expected a modest 220k jump, the print came […]

  • Sheer Panic: Futures Surge, Tumble, Surge, Tumble…

    ZeroHedge - Mar 19th 2020 8:18am EDT

    Sheer Panic: Futures Surge, Tumble, Surge, Tumble… First the good news: for the first time in a week, there were no overnight limit up/down trigger halt in the S&P500 future. Now, the not so good news: the global dollar margin call/short squeeze escalated even more overnight, resulting in total chaos in Asia, as multiple regional […]

  • Germany To Suspend ‘Debt Break’ On Monday, Clearing Way For Covid-19 Spending Spree

    ZeroHedge - Mar 19th 2020 8:13am EDT

    Germany To Suspend ‘Debt Break’ On Monday, Clearing Way For Covid-19 Spending Spree As German’s industrial auto giants shutter production at their domestic factories as the number of confirmed cases in Deutscheland climbs into 5-digit territory, domestic newsmagazine Handelsblatt revived reports about a coming suspension of Germany’s constitutional ‘debt break’, which would allow Europe’s largest […]

  • Blain: “A Global Reset Is Coming”

    ZeroHedge - Mar 19th 2020 8:03am EDT

    Blain: “A Global Reset Is Coming” Authored by Bill Blain via MorningPorridge.com, “My centre is yielding, my right is retreating. Situation Excellent. I am attacking!” No matter what the doomsters say… the Coronavirus is not the end of the world. But, it might still have trigged the global economic reset we’ve long feared… Let’s talk […]

  • Covid-19 Deaths In Italy On Track To Pass China As More Countries Close Borders; Confirmed US Cases Climb 50%: Live Updates

    ZeroHedge - Mar 19th 2020 7:44am EDT

    Covid-19 Deaths In Italy On Track To Pass China As More Countries Close Borders; Confirmed US Cases Climb 50%: Live Updates Following a barrage of easing measures by global central banks overnight, and more talk of German fiscal stimulus Thursday morning, stock futures have sunk back into the red as promising gains from overnight fizzled.  […]

  • RBA Joins Coordinated Liquidity Boost With Yield Curve Control

    ZeroHedge - Mar 19th 2020 7:44am EDT

    RBA Joins Coordinated Liquidity Boost With Yield Curve Control Submitted by Eleanor Creagh of SaxoBank Summary: As has been the resounding theme, monetary stimulus to date is too little, too late. And today was no exception as the ECB announced EUR 750 billion pandemic emergency purchase programme which has failed to boost sentiment in Asia today. […]

  • “The ‘D’ Word”: El-Erian Warns ‘Twin Deleveraging’ Could Spark A Global Depression

    ZeroHedge - Mar 19th 2020 7:11am EDT

    “The ‘D’ Word”: El-Erian Warns ‘Twin Deleveraging’ Could Spark A Global Depression Some readers might accuse us of being alarmist and rattling the cages unnecessarily at a time of public panic, but we’ve always felt that investors should hear a range of perspectives, especially if some of it is uncomfortable. Those who don’t like having […]

  • ‘Helicopter Money’ Is The New Orthodoxy Leaving Europe In An “Inescapable Negative Feedback Loop”

    ZeroHedge - Mar 19th 2020 6:10am EDT

    ‘Helicopter Money’ Is The New Orthodoxy Leaving Europe In An “Inescapable Negative Feedback Loop” Authored by Bill Blain via MorningPorridge.com, Helicopters = Orthodoxy “Orthodoxy means not thinking – not needing to think. It is unconsciousness.” Governments around the globe have pledged trillions to address the Virus Pandemic. It doesn’t matter if markets aren’t convinced. Yesterday’s bout of […]

  • Super-Rich Paralyzed As Private Jet Travel Restricted

    ZeroHedge - Mar 19th 2020 5:35am EDT

    Super-Rich Paralyzed As Private Jet Travel Restricted Private jet demand has been elevated in the last several months as the super-rich have been heading to disaster bunkers amid the Covid-19 pandemic.  Bloomberg now says that some wealthy folks have been turned away as jet operators can no longer fly in countries with flight restrictions. Some of these folks […]

  • Fish Are Visible In Venice Canals As Water Becomes Clearer Following Italy’s Lockdown

    ZeroHedge - Mar 19th 2020 5:00am EDT

    Fish Are Visible In Venice Canals As Water Becomes Clearer Following Italy’s Lockdown Authored by Elias Marat via TheMindUnleashed.com, The continued outbreak of the coronavirus has been an enormously disruptive and tragic event, with massive humanitarian and economic repercussions for the entire world. However, there have also been some surprising and not entirely unwelcome side […]

  • US ‘Help’ To Virus-Stricken Iran Comes In The Form Of… More Sanctions Of Course!

    ZeroHedge - Mar 19th 2020 4:15am EDT

    US ‘Help’ To Virus-Stricken Iran Comes In The Form Of… More Sanctions Of Course! What does Washington do on the very day that a top Iranian health official predicted “millions” inside the country could die and pleaded for external help? Slap on some new sanctions and tighten the economic blockade further of course! It appears the […]

  • Spanish Police Are Using Drones To Yell At Those Disobeying Quarantine

    ZeroHedge - Mar 19th 2020 3:30am EDT

    Spanish Police Are Using Drones To Yell At Those Disobeying Quarantine Authored by Aaron Kesel via TheMindUnleashed.com, Spanish police are taking a page out of China’s Orwellian playbook by using drones to patrol and yell at their civilians who are disobeying the CoViD-19 quarantine. The country issued a state of emergency on Friday, and on […]

  • BoE’s Bailey To Print Unlimited Money, Tells Short Sellers “Just Stop” Amid Covid-19 Chaos

    ZeroHedge - Mar 19th 2020 2:45am EDT

    BoE’s Bailey To Print Unlimited Money, Tells Short Sellers “Just Stop” Amid Covid-19 Chaos BoE governor Andrew Bailey said on Wednesday that the central bank stands ready to pump unlimited amounts of money into the economy. Speaking to journalists on a conference call, quoted by Financial Times, Bailey said the central bank is prepared to pump […]

  • Covid-19 Comes For Europe

    ZeroHedge - Mar 19th 2020 2:00am EDT

    Covid-19 Comes For Europe Authored by Guy Milliere via The Gatestone Institute, Italy’s healthcare system is in a state of almost total collapse. As of today, 31,506 people in Italy have been infected with the coronavirus; of which 2,503 people have died. The numbers continue to grow. Hospitals are overwhelmed. Doctors have to choose which sick person to […]

  • China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind

    ZeroHedge - Mar 19th 2020 12:50am EDT

    China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind Things might be going from bad to worse for Elon Musk and his merry band of alternative energy cultists in China. While Musk is currently in the midst of criticism from the Chinese government related to a bait and switch he is […]

  • Standing At The Precipice Of A Financial Collapse: Time For A 21st Century Pecora Commission

    ZeroHedge - Mar 18th 2020 11:40pm EDT

    Standing At The Precipice Of A Financial Collapse: Time For A 21st Century Pecora Commission Authored by Matthew Ehret via The Strategic Culture Foundation, As Republican and democrat politicians hold emergency meetings to decide how to avoid a meltdown of Wall Street, the smell of hyperinflation looms in the air as much today as it […]