News From ZeroHedge, Page 3215

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  • Nearly 20% Of Households Have Already Lost Work Due To Pandemic-Shutdowns

    ZeroHedge - Mar 18th 2020 10:40pm EDT

    Nearly 20% Of Households Have Already Lost Work Due To Pandemic-Shutdowns The arrival of helicopter money in the form of two $1,000 checks to most Americans is the government’s acknowledgment that the economy crashed, and upwards of 30 million people could be unemployed due to the Covid-19 outbreak shutting down cities and towns across America. A new NPR/PBS […]

  • Global Dollar Buying Panic Sparks AsiaPac FX Collapse, US Equity Futures Plunge

    ZeroHedge - Mar 18th 2020 10:38pm EDT

    Global Dollar Buying Panic Sparks AsiaPac FX Collapse, US Equity Futures Plunge The global scramble for dollars amid a massive shortage has rolled around the AsiaPac time-zone and is leaving a bloody trail across every asset-class. FX is in freefall with Aussie collapsing at the fastest rate since Lehman… Kiwi is back to its weakest […]

  • Bailout Nation: US Movie Theaters Join Airlines, Hotels And Restaurants In Demanding A Taxpayer Bailout

    ZeroHedge - Mar 18th 2020 10:20pm EDT

    Bailout Nation: US Movie Theaters Join Airlines, Hotels And Restaurants In Demanding A Taxpayer Bailout Back in 2008, when the US government bailed out the US banking sector, it became clear that virtually any industry in America’s $18 trillion economy could pass off for “too big to fail.” So fast forward to today when the […]

  • Is This The Next Big Headache For Global Economy?

    ZeroHedge - Mar 18th 2020 10:00pm EDT

    Is This The Next Big Headache For Global Economy? The events of the last several weeks have ominously demonstrated that dollar shortage has returned with a vengeance, as new headaches for virus-battered emerging markets will find it hard to cope with falling local currencies and demand.  The dollar shortage was confirmed last week in both the Bloomberg […]

  • BOJ Admits It Has Lost 3 Trillion Yen On Its Equity Purchases Despite Literally Printing Money Out Of Thin Air

    ZeroHedge - Mar 18th 2020 9:40pm EDT

    BOJ Admits It Has Lost 3 Trillion Yen On Its Equity Purchases Despite Literally Printing Money Out Of Thin Air Long gone are the days when central banks pretended they aren’t in the business of propping up the stock market. A week after we reported that the BOJ had bought a record amount of ETFs […]

  • ‘Please Stop Shooting Each Other’: Baltimore Mayor Begs Residents To Keep Hospital Beds Clear For Coronavirus Patients

    ZeroHedge - Mar 18th 2020 9:20pm EDT

    ‘Please Stop Shooting Each Other’: Baltimore Mayor Begs Residents To Keep Hospital Beds Clear For Coronavirus Patients The mayor of Baltimore has asked residents to please stop shooting each other so that local hospital beds are free for coronavirus patients, according to WJZ 13 Baltimore. “I want to reiterate how completely unacceptable the level of […]

  • JPMorgan Now Expects A Global Depression In The Second Quarter

    ZeroHedge - Mar 18th 2020 9:00pm EDT

    JPMorgan Now Expects A Global Depression In The Second Quarter Earlier we reported that in a report titled “the lamps are going out all across the economy”, JPMorgan’s chief US economist, Michael Feroli slashed his Q2 US GDP forecast to a staggering -14%, which he optimistically expects to form the bottom of a V-shaped recovery […]

  • Johnstone: 9 Surreal Thoughts About Covid-19 & What’s Coming Next

    ZeroHedge - Mar 18th 2020 8:20pm EDT

    Johnstone: 9 Surreal Thoughts About Covid-19 & What’s Coming Next Authored by Caitlin Johnstone via Medium.com, This gig is kinda weird at the moment. I write about what’s going on in the world for a living, and there’s certainly plenty going on in the world to be written about. But also there’s this acute awareness […]

  • Organized Crime? Robberies By Suspects Wearing Virus Masks Reported Across East Coast

    ZeroHedge - Mar 18th 2020 8:00pm EDT

    Organized Crime? Robberies By Suspects Wearing Virus Masks Reported Across East Coast The virus crisis in America is leading towards the unraveling of the social fabric. A string of robberies has been reported across the East Coast with suspects wearing medical masks.  The Hill reports that the robberies appear unrelated, but as we’ve noted before, organized crime gangs could be on […]

  • Visualizing Central Bank Gold Buying And Gold Repatriation

    ZeroHedge - Mar 18th 2020 7:40pm EDT

    Visualizing Central Bank Gold Buying And Gold Repatriation Submitted by BullionStar.com, Gold buying by the worlds’ central banks is now at a 50 year high, with sovereign gold buyers having added a net 650 tonnes of physical gold to their strategic monetary reserves in each of the years 2018 and 2019. Central banks purchase gold […]

  • Lagarde Fires Bazooka #2: ECB Announces €750BN Pandemic Purchase Program

    ZeroHedge - Mar 18th 2020 7:21pm EDT

    Lagarde Fires Bazooka #2: ECB Announces €750BN Pandemic Purchase Program Earlier this afternoon we said that because “the Fed’s Bazooka #1 was an epic dud. Here comes Bazooka #2”, and this time it is the ECB that will try to fire. Sure enough, almost three hours later, and just before 1am CET, the ECB announced […]

  • Netflix And Quarantine: App Downloads Spike In Coronavirus Lockdown Zones

    ZeroHedge - Mar 18th 2020 7:20pm EDT

    Netflix And Quarantine: App Downloads Spike In Coronavirus Lockdown Zones Netflix app downloads have exploded over the last week in Italy and Spain due to people currently living under quarantine due to the Wuhan coronavirus, according to The Wrap, citing data from Sensor Tower. Photo by Marcin Balcerzak/Shutterstock.com In Italy, Netflix app downloads on the […]

  • 15 Among Brazilian Delegation That Met With Trump Now Have Coronavirus 

    ZeroHedge - Mar 18th 2020 6:40pm EDT

    15 Among Brazilian Delegation That Met With Trump Now Have Coronavirus  It’s been eleven days since the Brazilian President Jair Bolsonaro and his delegation met with Trump and many White House staffers at Mar-a-Lago on March 7. First it was Nestor Forster, Brazil’s Chargé d’Affaires in Washington, and Nelsinho Trad, who both tested positive for Covid-19, and as of […]

  • Covid-Chaos: What’s More Dangerous, The Virus Or Our Reaction?

    ZeroHedge - Mar 18th 2020 6:20pm EDT

    Covid-Chaos: What’s More Dangerous, The Virus Or Our Reaction? Authored by James Fite via LibertyNation.com, Coronavirus is spreading, generating more headlines, greater anxiety and paranoia, and, of course, cancellations and closings. It’s high time to ask a critical question: Could our reaction to the fear of COVID-19 do more harm than the virus itself? Liberty […]

  • “There Is No Light At The End Of This Tunnel”: NYC’s Largest Chinese Restaurant Forced To Close Its Doors

    ZeroHedge - Mar 18th 2020 6:00pm EDT

    “There Is No Light At The End Of This Tunnel”: NYC’s Largest Chinese Restaurant Forced To Close Its Doors Jing Fong is the largest Chinese food restaurant in New York City. And now, due to fallout from the coronavirus outbreak, it has been forced to close its doors for the first time in 48 years. […]

  • All Bills Up To Three Months Now Have Negative Yields

    ZeroHedge - Mar 18th 2020 5:26pm EDT

    All Bills Up To Three Months Now Have Negative Yields With the Fed Funds rate now at the lowest possible positive level (0-25bps) and supported by the zero lower bound at least until the Fed cuts rates to negative as most other central banks, today’s historic scramble to obtain dollars which send the Bloomberg Dollar […]

  • Covid-19 Could Bankrupt Most Airlines By End Of May

    ZeroHedge - Mar 18th 2020 5:25pm EDT

    Covid-19 Could Bankrupt Most Airlines By End Of May Sydney-based consultancy CAPA Centre for Aviation warned in a statement on Monday morning that most of the world’s airlines will be bankrupt by the end of May.  Airline carriers are suspending routes for March, April, and May, and full grounding of fleets have yet to be ruled out […]

  • 62% Of Americans Believe Media Has Exaggerated Covid-19 Risk, New Poll Shows

    ZeroHedge - Mar 18th 2020 5:05pm EDT

    62% Of Americans Believe Media Has Exaggerated Covid-19 Risk, New Poll Shows Authored by Paul Joseph Watson via Summit News, 62 per cent of Americans believe that the media has exaggerated the threat of coronavirus, according to a new Pew Research poll. The results of the survey found that 63 per cent of Americans believe the CDC […]

  • NYSE Kicks Out Humans, Moving Temporarily To Fully Electronic Trading

    ZeroHedge - Mar 18th 2020 4:58pm EDT

    NYSE Kicks Out Humans, Moving Temporarily To Fully Electronic Trading Just in case the NYSE trading floor, which in the past decade became better known for being a TV studio for various financial networks wasn’t enough of a ghost town, starting Monday not a single trader, or TV anchor, will be present at the historic […]

  • Tesla Employees Forced To Use Paid Time Off If Staying Home For Covid-19

    ZeroHedge - Mar 18th 2020 4:45pm EDT

    Tesla Employees Forced To Use Paid Time Off If Staying Home For Covid-19 Zero Hedge readers have likely been following the ongoing saga involving Tesla, where it appeared as of today that Elon Musk was going to keep the company’s Fremont factory open despite an Alameda County order requiring businesses to lockdown due to the […]

  • Panic Pandemic – Why Are People Who Should Know Better Buying The Covid19 Hype?

    ZeroHedge - Mar 18th 2020 4:27pm EDT

    Panic Pandemic – Why Are People Who Should Know Better Buying The Covid19 Hype? Authored by Catte Black via Off-Guardian.org, Exaggerated or invented, the true danger Covid19 poses is shutting down our sense of reason… The only certainty about the ‘novel’ virus is that a great deal of nonsense is being talked about it by […]

  • Kudlow Says US “May Take Equity Position” As Part Of Coming Bailouts

    ZeroHedge - Mar 18th 2020 4:12pm EDT

    Kudlow Says US “May Take Equity Position” As Part Of Coming Bailouts At this point, the White House has reportedly discussed bailouts for the shale industry, the airlines, cruise lines, Boeing and a non-specific bailout allotment worth hundreds of billions in the second economic relief package. So it should hardly come as a surprise that […]

  • Here Comes Bazooka #2: ECB Is Holding An Emergency Call

    ZeroHedge - Mar 18th 2020 4:02pm EDT

    Here Comes Bazooka #2: ECB Is Holding An Emergency Call Bazooka #1 was an epic dud. Here comes Bazooka #2. According to Bloomberg, the ECB has been officially called into action to save the day following a day of unprecedented risk losses and when the Dollar went all “Volkswagen” as the BBDXY hit a record […]

  • “We’re About Halfway There” – Historic Carnage Everywhere Sparked By Dollar Margin Call Panic

    ZeroHedge - Mar 18th 2020 4:01pm EDT

    “We’re About Halfway There” – Historic Carnage Everywhere Sparked By Dollar Margin Call Panic It’s definitely a ‘deer’ day… Stocks down, Bonds down, credit down, gold down, oil down, copper down, crypto down, global systemically important banks down, and liquidity down… Today was the worst day for a combined equity/bond portfolio… ever… Source: Bloomberg Jeff […]

  • JPM Cuts Q2 GDP To -14%: “The Lamps Are Going Out All Across The Economy”

    ZeroHedge - Mar 18th 2020 3:35pm EDT

    JPM Cuts Q2 GDP To -14%: “The Lamps Are Going Out All Across The Economy” At the start of the 20th century, JP Morgan (the person) was instrumental in letting electric lamps shine on America thanks to his collaboration with Thomas Edison which unleashed electricity, and culminated in the formation of General Electric. So it […]