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  • “They Blew It. They Used Up All Their Ammunition”: A Stunned Wall Street Responds To The Failed Fed Intervention

    ZeroHedge - Mar 16th 2020 9:45am EDT

    “They Blew It. They Used Up All Their Ammunition”: A Stunned Wall Street Responds To The Failed Fed Intervention Was that if for the US Federal Reserve? After 107 years of Fed history, was Sunday, March 15th the date the Fed lost its last shred of credibility as it fired its last round of ammo… […]

  • Circuit-Breaker Halts US Stock Markets At Open 15 Mins

    ZeroHedge - Mar 16th 2020 9:33am EDT

    Circuit-Breaker Halts US Stock Markets At Open 15 Mins US equity markets are opening down extremely hard this morning after futures traded limit-down from shortly after last night’s open. @GreekFire23 summed up the stock market today best so far: 9:30am : Ding Ding Ding! Trading open! 9:30:00001am: Halted The 10% surge in stocks to end […]

  • Italian Government Re-Nationalizes Bankrupt Alitalia

    ZeroHedge - Mar 16th 2020 9:30am EDT

    Italian Government Re-Nationalizes Bankrupt Alitalia After the sales process for Italy’s struggling former flag carrier Alitalia yielded no buyers, the Italian government has decided to re-nationalize Alitalia, the bankrupt Italian carrier. The confirmation of the takeover speculation followed reports that the government would pump as much as €600 million into the bankrupt airline over the […]

  • “The World Has Changed” – What Was Our Biggest Mistake?

    ZeroHedge - Mar 16th 2020 9:15am EDT

    “The World Has Changed” – What Was Our Biggest Mistake? Authored by Richard Breslow via Bloomberg, This is going to take time. Sorry to have to say it, but patience will be required and undoubtedly tested. By far the best thing that central banks can do is keep the global financial and funding markets functioning […]

  • Deutsche Bank To Split Teams Globally Amid Virus Crisis

    ZeroHedge - Mar 16th 2020 9:02am EDT

    Deutsche Bank To Split Teams Globally Amid Virus Crisis As Europe and the US wake up to a world in lockdown and Covid-19 cases and deaths surge, Deutsche Bank will operate globally in split teams on Monday to flatten the curve of the virus, an internal memo read, first viewed by Reuters. Germany’s largest lender is now implementing social […]

  • RIP Bond Vigilantes: World Of Endless QE Is Here

    ZeroHedge - Mar 16th 2020 8:46am EDT

    RIP Bond Vigilantes: World Of Endless QE Is Here Authored by Bloomberg macro commentator, Garfield Reynolds The Federal Reserve just moved us toward a world where central banks hold so much of government bond markets that nothing else matters. That’s a world where yields will stay lower forever not just for longer. The Fed pledged […]

  • A Ray Of Hope: Usage Of Fed’s Term Repo Slides

    ZeroHedge - Mar 16th 2020 8:40am EDT

    A Ray Of Hope: Usage Of Fed’s Term Repo Slides Heading into this morning’s market shitshow, with Emini futures frozen, the SPY trading down 10% and assuring an instant 15-minute trading halt, traders dumping gold, crude and crypto and anything else that isn’t halted, a sense of panic and foreboding has pervaded Wall Street’s trading […]

  • Empire Fed Survey Crashes By Most Ever To 11-Year-Lows

    ZeroHedge - Mar 16th 2020 8:37am EDT

    Empire Fed Survey Crashes By Most Ever To 11-Year-Lows After what appears now to be pure hope-driven rebound in February – despite all real world signals screaming otherwise – the Empire Fed’s Manufacturing Outlook survey just crashed by the most on record to its lowest since April 2009… The Federal Reserve Bank of New York’s […]

  • “Just Close The Whole Thing Up”: CNBC Anchors Melt Down, Beg For Market Closures On Twitter

    ZeroHedge - Mar 16th 2020 8:30am EDT

    “Just Close The Whole Thing Up”: CNBC Anchors Melt Down, Beg For Market Closures On Twitter Few are dealing with the economic and market turmoil with more chaos and less class and resolve than the expert “buy and hold” class over at CNBC, who shockingly never said one word of warning to their retail viewers […]

  • IMF Prepares $1 Trillion Bazooka

    ZeroHedge - Mar 16th 2020 8:15am EDT

    IMF Prepares $1 Trillion Bazooka The IMF has just fired off a trillion-dollar “bazooka” of its own Monday morning. In a blog post published minutes ago, IMF Director Kristalina Georgieva issued three “policy prescriptions” that she said should define a “coordinated response” from the developed economies in Europe and the US. In addition to declaring […]

  • Quarantative Easing Fails: S&P, Brent Down 10%, European Banks Hit All Time Low In Monday Massacre

    ZeroHedge - Mar 16th 2020 7:53am EDT

    Quarantative Easing Fails: S&P, Brent Down 10%, European Banks Hit All Time Low In Monday Massacre The Fed’s quarantative easing has failed. After last week’s miserable Monday moves, we are running out “black Monday” designations, so we’ll keep today’s Ides of March action simple, especially since it is likely to recur for many weeks to […]

  • VIX Is Broken

    ZeroHedge - Mar 16th 2020 7:42am EDT

    VIX Is Broken VIX, Wall Street’s fear index, which has been nearing record highs in recent days, has failed to open this morning. A notice on Cboe’s website said the opening for S&P 500 and VIX products has been delayed. As indicated in a previous notice, due to a limit down state on the E-mini S&P 500 […]

  • “Assume Everyone Is Infected”: US & Europe Wake Up To World In Lockdown As Death Toll Rises: Live Updates

    ZeroHedge - Mar 16th 2020 7:11am EDT

    “Assume Everyone Is Infected”: US & Europe Wake Up To World In Lockdown As Death Toll Rises: Live Updates Those who spent their weekend on one last bar crawl may not have noticed that millions of people are waking up to a fundamentally different situation on Monday than they saw on Friday. In the US, […]

  • US Equity ETFs Signal Massive Opening Loss, WTI Crashes Below $30

    ZeroHedge - Mar 16th 2020 7:02am EDT

    US Equity ETFs Signal Massive Opening Loss, WTI Crashes Below $30 While futures markets have been limit-down since shortly after their open, despite massive Fed intervention efforts, US Equity ETFS are signaling a near 10% down open (which will immediately trigger a 15 min halt circuit breaker). Dow ETFs also imply around a 2,100 point […]

  • Elites Are Buying These Emergency $5,000 Go-Bags To Survive Virus Crisis

    ZeroHedge - Mar 16th 2020 4:15am EDT

    Elites Are Buying These Emergency $5,000 Go-Bags To Survive Virus Crisis The ultra-wealthy aren’t running to Costco stores and or other big-box retailers to load up on supplies. They’re hopping on private jets to disaster bunkers while the fast-spreading virus consumes the world.  These folks are also ordering $5,000 emergency go-bags that come with virus-fighting related products that will […]

  • Putin Unleashes Strategic Hell On The US

    ZeroHedge - Mar 16th 2020 3:30am EDT

    Putin Unleashes Strategic Hell On The US Authored by Tom Luongo via The Strategic Culture Foundation, I am an avid board game player. I’m not much for the classics like chess or go, preferring the more modern ones. But, regardless, as a person who appreciates the delicate balance between strategy and tactics, I have to […]

  • World’s Most Powerful Supercomputer Tasked With Finding Covid-19 Cure

    ZeroHedge - Mar 16th 2020 2:45am EDT

    World’s Most Powerful Supercomputer Tasked With Finding Covid-19 Cure Researchers at the Department of Energy’s Oak Ridge National Laboratory have used the world’s most powerful supercomputer to identify 77 drug compounds that could lead to scientific breakthroughs to combat Covid-19.   The supercomputer, dubbed Summit, has been tasked to run complex computation across existing databases of […]

  • UK Missed Containment Window, Unprepared For Virus Crisis, Troops Could Be Deployed

    ZeroHedge - Mar 16th 2020 2:00am EDT

    UK Missed Containment Window, Unprepared For Virus Crisis, Troops Could Be Deployed The UK has missed the critical containment window to implement social distancing policies that would flatten the curve and slowdown infections, suggesting the country could see an exponential rise in Covid-19 cases over the next month, sort of like what’s happening in Italy […]

  • Chinese Tycoon Mysteriously Disappears After Criticizing Xi’s Virus Response

    ZeroHedge - Mar 16th 2020 1:00am EDT

    Chinese Tycoon Mysteriously Disappears After Criticizing Xi’s Virus Response A Chinese real estate tycoon has gone missing over the weekend after his latest commentary was highly critical of President Xi Jinping’s response to the Covid-19 outbreak that originated in Wuhan, China, in December.   The New York Times reported on Saturday that friends of Ren Zhiqiang, known […]

  • Panic Will End But Tyranny Will Not

    ZeroHedge - Mar 16th 2020 12:00am EDT

    Panic Will End But Tyranny Will Not Authored by Gary Barnett via LewRockwell.com, “Our contemporaries are constantly excited by two conflicting passions; they want to be led, and they wish to remain free: as they cannot destroy either one or the other of these contrary propensities, they strive to satisfy them both at once. They […]

  • Illinois Mayor Grants Herself Power To Ban Gun Sales And Alcohol During Coronavirus Epidemic

    ZeroHedge - Mar 15th 2020 11:35pm EDT

    Illinois Mayor Grants Herself Power To Ban Gun Sales And Alcohol During Coronavirus Epidemic Champaign, Illinois mayor Deborah Frank Feinen signed an executive order on Thursday declaring a state of emergency to address the coronavirus. Among the sweeping powers she gained after signing the executive order was the ability to ban the sale of guns, […]

  • Covid-19 & The Sun: A Lesson From The 1918 Influenza Pandemic

    ZeroHedge - Mar 15th 2020 11:10pm EDT

    Covid-19 & The Sun: A Lesson From The 1918 Influenza Pandemic Authored by Richard Hobday via Medium.com, Fresh air, sunlight and improvised face masks seemed to work a century ago; and they might help us now. When new, virulent diseases emerge, such SARS and Covid-19, the race begins to find new vaccines and treatments for […]

  • NIRP Arrives: Treasuries Trade With Negative Yield

    ZeroHedge - Mar 15th 2020 10:45pm EDT

    NIRP Arrives: Treasuries Trade With Negative Yield With the Fed’s cutting rates three days ahead of the regular Wednesday FOMC announcement by 100bps to 0%-25bps, while also announcing a fresh $700BN QE as well as enhanced FX swaps, panic is in the air as reflected in the S&P futures which have been locked limit down […]

  • February China Economic Data Collapses Massively More Than Expected

    ZeroHedge - Mar 15th 2020 10:21pm EDT

    February China Economic Data Collapses Massively More Than Expected While it may not be a surprise to too many people in the real world that Chinese macro-economic data for February was a disaster, it appears it was a massive shock to analysts and economists who forecast this data. Chinese Retail Sales crashed 20.5% YTD YoY […]

  • Visualizing The History Of Pandemics… By Death Toll

    ZeroHedge - Mar 15th 2020 10:15pm EDT

    Visualizing The History Of Pandemics… By Death Toll Pan·dem·ic /panˈdemik/ (of a disease) prevalent over a whole country or the world. As humans have spread across the world, so have infectious diseases. In fact, as Visual Cpitalist’s Nicholas LePan notes, even in this modern era, outbreaks are nearly constant, though not every outbreak reaches pandemic […]