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  • Brawls Erupt As Americans Panic Hoard Supplies Amid Pandemic  

    ZeroHedge - Mar 14th 2020 6:55pm EDT

    Brawls Erupt As Americans Panic Hoard Supplies Amid Pandemic   So, this week, panic hoarding at Costco stores and other big-box retailers got a little more serious when it started on Thursday. Mostly because confirmed Covid-19 cases and deaths are surging across the country, as many fear, increasing coronavirus test kits made available to the public […]

  • Covid-19 Impacting US Defense Readiness As Pentagon Announces “Minimal Staffing”

    ZeroHedge - Mar 14th 2020 6:30pm EDT

    Covid-19 Impacting US Defense Readiness As Pentagon Announces “Minimal Staffing” The Pentagon on Saturday afternoon said it has moved toward “minimal staffing” over coronavirus fears a day after President Trump formally declared a national emergency. CBS national security correspondent Cami McCormick broke the news, describing:  Defense Dept. officials have raised alert level at the Pentagon to […]

  • “No State Is Prepared” – Mapping Where Hospitals Will Run Out Of Beds First If Virus Cases Spike

    ZeroHedge - Mar 14th 2020 6:05pm EDT

    “No State Is Prepared” – Mapping Where Hospitals Will Run Out Of Beds First If Virus Cases Spike A USA Today analysis of American Hospital Association (AHA) hospital bed data shows that if confirmed Covid-19 cases and deaths follow similar growth curves as in China, Italy, and Iran, there could be six patients for every existing hospital […]

  • Governments Fast Reverting To Wartime Tactics & Rhetoric For Coronavirus

    ZeroHedge - Mar 14th 2020 5:40pm EDT

    Governments Fast Reverting To Wartime Tactics & Rhetoric For Coronavirus Authored by Jason Ditz via AntiWar.com, A global pandemic of the coronavirus is hitting nations the world over, and facing a challenge unprecedented in recent history, officials are falling back on wartime tactics, and particularly rhetoric, with promises of grand emergency measures to try to keep things under […]

  • Ed Snowden: “Social Distancing Is Underrated”

    ZeroHedge - Mar 14th 2020 5:15pm EDT

    Ed Snowden: “Social Distancing Is Underrated” In light of the World Health Organization (WHO) finally designating the Covid-19 outbreak seen in 113 countries and territories around the world as a pandemic, the debate this week of “social distancing” has erupted across social media and on Western mainstream media outlets.. The idea is that by canceling […]

  • “The Damage Is Not Theoretical” – It’s Deep, Global, & Pervasive

    ZeroHedge - Mar 14th 2020 4:50pm EDT

    “The Damage Is Not Theoretical” – It’s Deep, Global, & Pervasive Authored by Sven Henrich via NorthmanTrader.com, We just witnessed a global collapse in asset prices the likes we haven’t seen before. Not even in 2008 or 2000. All these prior beginnings of bear markets happened over time, relatively slowly at first, then accelerating to […]

  • Man Walks Out Of ‘Quarantine Motel’ & Goes Shopping, Hops On Public Bus

    ZeroHedge - Mar 14th 2020 4:25pm EDT

    Man Walks Out Of ‘Quarantine Motel’ & Goes Shopping, Hops On Public Bus The pattern in many major cities hard-hit by coronavirus has been to utilize hotels as quarantine centers as local health facilities become overwhelmed. And yet in some instances especially in the West, there’s ambiguity surrounding quarantine of confirmed or suspected cases as legally ‘mandatory’ […]

  • Complex Systems Collide, Markets Crash

    ZeroHedge - Mar 14th 2020 4:00pm EDT

    Complex Systems Collide, Markets Crash Authored by James Rickards via The Daily Reckoning, At some point, systems flip from being complicated, which is a challenge to manage, to being complex. Complexity is more than a challenge because it opens the door to all kinds of unexpected crashes and events. Their behavior cannot be reduced to […]

  • Restaurant Traffic Implodes: New York, Seattle Plummet More Than 60%

    ZeroHedge - Mar 14th 2020 3:35pm EDT

    Restaurant Traffic Implodes: New York, Seattle Plummet More Than 60% The past week was not only the most painful for US capital markets since the global financial crisis: it was also the week the US service economy finally died (at least until the coronavirus pandemic is finally under control). One week ago, when predicting that […]

  • How Much Recession Warning Did You Expect?

    ZeroHedge - Mar 14th 2020 3:10pm EDT

    How Much Recession Warning Did You Expect? Authored by Mike Shedlock via MishTalk, How often have you heard the stock market looks a year ahead of a recession? Stock Market is Not Forward Looking A widespread myth persists that the stock market is a leading indicator of recessions, providing a year or more warning on […]

  • The Last Time This Happened Was October 1929…

    ZeroHedge - Mar 14th 2020 2:45pm EDT

    The Last Time This Happened Was October 1929… While this week had many superlatives – like being the fastest collapse from peak to bear market ever, fastest credit spread decompression ever, biggest weekly jump in VIX ever, and largest 3-week decline in oil prices ever – one stands out as rather more ominous than others… […]

  • “Don’t Believe The Numbers” – Johns Hopkins Prof Fears “Worst Public Health Crisis Since Polio”

    ZeroHedge - Mar 14th 2020 2:20pm EDT

    “Don’t Believe The Numbers” – Johns Hopkins Prof Fears “Worst Public Health Crisis Since Polio” Authored by Michael Snyder via The End of The American Dream blog, The COVID-19 pandemic continues to explode all over the globe, and authorities are warning that it is going to continue to get worse.  The number of confirmed cases […]

  • Pentagon Orders All Troops Confined To Base Area, Bans Domestic Travel

    ZeroHedge - Mar 14th 2020 1:55pm EDT

    Pentagon Orders All Troops Confined To Base Area, Bans Domestic Travel As of Friday the Department of Defense issued an unprecedented for all service personnel stationed in the United States, forbidding them from non-operations related travel within the US. This follows earlier this month ‘leave and liberty’ restrictions already imposed for troops stationed in foreign […]

  • The Aftermath – Surveying The Wreckage From Last Week’s Market-nado

    ZeroHedge - Mar 14th 2020 1:30pm EDT

    The Aftermath – Surveying The Wreckage From Last Week’s Market-nado The last two weeks have been unprecedented for any number of reasons  – trading ranges, fund blow-ups, basis dislocations, correlation-one regime, no safe harbor – but aside from being the fastest collapse from a peak into bear market in US history… There are a number […]

  • Images From New York’s First Drive-Thru Testing Facility

    ZeroHedge - Mar 14th 2020 1:05pm EDT

    Images From New York’s First Drive-Thru Testing Facility Just as Gov. Cuomo promised on Thursday, New York’s first coronavirus drive-through testing center opened Friday morning in New Rochelle, and is up and running, collecting samples from anxious New Yorkers in the Westchester County town that has emerged as a hot spot for the national epidemic. […]

  • Market Crash. Is It Over, Or Is It The “Revenant”

    ZeroHedge - Mar 14th 2020 12:40pm EDT

    Market Crash. Is It Over, Or Is It The “Revenant” Authored by Lance Roberts via RealInvestmentAdvice.com, If you haven’t seen the movie “The Revenant” with Leonardo DiCaprio, it is a 2015 American survival drama describing frontiersman Hugh Glass’s experiences in 1823. Early in the movie, Hugh, an expert hunter, and tracker, is mauled by a grizzly bear. (Warning: […]

  • Another Wave Of Rockets Slam Into Camp Taji, Wounding 3 US Troops

    ZeroHedge - Mar 14th 2020 12:20pm EDT

    Another Wave Of Rockets Slam Into Camp Taji, Wounding 3 US Troops A US airbase just north of the Iraqi capital has come under more major rocket fire a mere days after an initial attack killed one British and two American soldiers. A US defense official has told Reuters that three American troops were wounded in the attack. Iraqi […]

  • Watch Live: White House Coronavirus Task Force Delivers Status Update

    ZeroHedge - Mar 14th 2020 12:04pm EDT

    Watch Live: White House Coronavirus Task Force Delivers Status Update Now that Democrats and Treasury Secretary Mnuchin have managed to strike a deal on the federal Covid-19 economic rescue package, which Trump said he fully supports, the White House task force is holding another press conference to update the public on the coronavirus containment effort. […]

  • Bridgewater’s Macro Fund Crashes 20% Amid Historic Turmoil

    ZeroHedge - Mar 14th 2020 11:43am EDT

    Bridgewater’s Macro Fund Crashes 20% Amid Historic Turmoil On Friday we were amused to report that just six weeks after Bridgewater founder, billionaire Sinophile investor, Burning Man connoisseur, and author of a bunch of really bizarre workplace “principles”, Ray Dalio announced during this year’s Davos boondoggle that “cash is trash”… … not only did the […]

  • Spain Declares National Lockdown, Apple Closes All Stores Outside Greater China, US Death Toll Nears 50: Virus Updates

    ZeroHedge - Mar 14th 2020 11:00am EDT

    Spain Declares National Lockdown, Apple Closes All Stores Outside Greater China, US Death Toll Nears 50: Virus Updates While EU bureaucrats in Brussels slammed President Trump over the European travel ban, claiming that he left them in the dark with his “unilateral” action, Spain – one of Europe’s largest countries, and the fourth-largest economy in […]

  • First Masks, Then Purell, Now Americans Panic Hoard Immunity-Boosting Products Amid Pandemic 

    ZeroHedge - Mar 14th 2020 11:00am EDT

    First Masks, Then Purell, Now Americans Panic Hoard Immunity-Boosting Products Amid Pandemic  The order has been relatively straight forward: Americans started panic hoarding 3M N-95 masks as early as mid-January, then loaded up on food and medical supplies in the last several weeks, including water, non-perishables, bleach, and Purell. Now it appears the next run has started, that is, immunity-boosting supplements […]

  • Greening Our Way To Infection

    ZeroHedge - Mar 14th 2020 10:30am EDT

    Greening Our Way To Infection Authored by John Tierney via City-Journal.org, The ban on single-use plastic grocery bags is unsanitary – and it comes at the worst imaginable time… The COVID-19 outbreak is giving new meaning to those “sustainable” shopping bags that politicians and environmentalists have been so eager to impose on the public. These […]

  • UK’s Coronavirus Strategy: Just Let It Happen And Hope For Herd Immunity

    ZeroHedge - Mar 14th 2020 9:55am EDT

    UK’s Coronavirus Strategy: Just Let It Happen And Hope For Herd Immunity The British government’s strategy to deal with the coronavirus outbreak is for 60% of the UK to become infected in order to develop “herd immunity” against the disease, according to The Independent. In other words, when the thus-far unstoppable virus ravages England, it […]

  • How Far Do Governments Need To Go In Restricting Citizens’ Movements To Combat Covid-19?

    ZeroHedge - Mar 14th 2020 9:20am EDT

    How Far Do Governments Need To Go In Restricting Citizens’ Movements To Combat Covid-19? Via DataTrekResearch blog, How far do governments have to go in restricting the movements of its citizens to combat COVID-19?  This is an important question, because right now the most complete data set on how quickly it can be contained (or […]

  • Relief For “Hard” Times: PornHub Offers Free Premium Access To Italians Under Lockdown

    ZeroHedge - Mar 14th 2020 8:45am EDT

    Relief For “Hard” Times: PornHub Offers Free Premium Access To Italians Under Lockdown At the time of a global humanitarian crisis that presents an existential threat to the human race, every person and corporate needs to step up and do their part to help address the problem head on. And who better to lead by […]