Federal Reserve Turns To Big Data To Monitor Business Cycle Federal Reserve officials are increasingly turning to big data to provide them with a more accurate snapshot of the economy, AP News reports. The first evidence of this was during a government shutdown last year when officials turned to First Data, a payments firm that processes $2 […]
Panic & The Pandemic: Is There A Better Approach? Via Cliff Mass Weather blog, Our society is now transitioning into panic about the coronavirus. Universities and schools are being shuttered, sports activities and public gatherings are being cancelled, individuals are hoarding toilet paper and supplies, travel is being severely constrained, the stock market has crashed, […]
Americans Split Over Whether Movie Theaters Should Close Amid Outbreak As the virus containment window has likely expired for many large US metropolitan areas, it would suggest confirmed Covid-19 cases and deaths are expected to rise in the days, if not weeks ahead. With the flood of virus announcements developing in King County, Washington; Santa Clara, California; Los Angeles; […]
Your 12-Point ‘Great Depression II’ Survival Guide Authored by MN Gordon via EconomicPrism.com, Bull Market RIP And just like that – after a magnificent 11 year run – the bull market in U.S. stocks is dead. From its peak close of 29,551 on February 12 through yesterday’s [Thursday] close of 21,200, the Dow Jones Industrial […]
After 79% Sales Crash In February, China Automakers Beg Government For Bailout We had been reporting China’s February auto sales numbers on a week by week basis, so Zero Hedge readers knew they were going to be ugly for the month. They just didn’t know how ugly. Industry wide, sales fell 79% in February, marking the […]
Why ‘Price Gouging’ Actually Helps During a Crisis Authored by Bradley Thomas via The Libertarian Institute, As the coronavirus panic heightens, the price of items like hand sanitizer and medical face masks – to the extent they are still available – are skyrocketing. CBS News reported last week that “Online, sales of virus protection products have skyrocketed, […]
Nomura: “The Market Has Only Just Begun Staring Into The Abyss” While many post-mortems will be written on what, despite Friday’s torrid 9% rebound, has been a historic, unforgettable week which saw the US stock market plunge the most since the worst days of the global financial crisis, one of the more detailed and impactful […]
Democrats Want To Reverse Trump’s Travel Bans Despite Coronavirus Spread Authored by Steve Watson via Summit News, House Democrats have introduced legislation that would undo President Trump’s travel bans from coronavirus stricken areas, despite the fact that the director of the National Institute of Allergy and Infectious Diseases (NIAID) has said that the impact of the crisis would […]
Mapping How The World Is Responding To Covid-19 As Covid-19 steamrolls across the world, widespread social, political, and economic disruptions have developed. Each country affected by the fast-spreading virus has followed a similar blueprint of implementing containment measures to control spreading. Here’s a summary of virus prevention measures on a country by country basis: China – […]
China Quietly Filling U.S. Vacuum In The Philippines Authored by Jason Cataneda via The Asia Times, President Rodrigo Duterte’s cancellation of key strategic pact with US has opened the way for Chinese infiltration As President Rodrigo Duterte moves to boot US troops from Philippine soil through the cancellation of a key defense pact, China’s People’s […]
“The Market Is Broken” – Why Nobody Is Trading Any More On the first day of this week, which would soon mutate into the worst week for capital markets since the 2008 financial crisis, we warned that markets are about to go full tilt for the simple reason that “there is no liquidity”, something we […]
FBI’s Russia Collusion Case Fell Apart In First Month Of Trump Presidency, Memos Show Authored by John Solomon via JustTheNews.com, The piecemeal release of FBI files in the Russia collusion investigation has masked an essential fact: James Comey’s G-men had substantially debunked the theory that Donald Trump’s campaign conspired with Moscow by the time the […]
DARPA’s Pandemic Prevention Platform Could Develop Therapeutic “Shield” To Fight Covid-19 By Summer The Pentagon’s most secretive military research department is developing a therapeutic “shield” that could provide a new way to boost American’s immunity to Covid-19, reported DefenseOne. The Defense Advanced Research Projects Agency’s (DARPA) Pandemic Prevention Platform (PPP) is not in search of a […]
The Great Unpatterning Continues. Make Sure You Take Advantage Of It Authored by Caitlin Johnstone via Medium.com, In an attempt to contain the Covid-19 pandemic the president of the United States has just announced a 30-day travel ban between the US and Europe, the super-rich are flying off to disaster bunkers, and the NBA has just suspended its […]
Miami Mayor Tests Positive After Meeting With President Bolsonaro & His Staff The Brazilian presidency has slammed initial reports Friday — originating in one of the country’s biggest newspapers citing “government sources” — saying President Jair Bolsonaro tested positive for Covid-19. Soon after the Brazilian presidency’s Facebook page officially said the test came back “negative,” despite Fox News and The […]
Venezuela Wants Every Woman To Have Six Children… & Other Absurdities Authored by Simon Black Via SovereignMan.com, Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, your finances, and your prosperity… and on occasion, poetic justice. Solved: why […]
Bill Gates Resigns From Microsoft Board One hour after the close of another one of the most tumultuous weeks in Wall Street history, Bill Gates, the billionaire founder of Microsoft, resigned from the company’s board. Earlier today, Gates stepped down from the board of Berkshire Hathaway, the conglomerate run by his friend and fellow billionaire, […]
Former FL Governor Candidate Andrew Gillum Involved In Meth Overdose Incident Former Florida gubernatorial candidate Andrew Gillum was involved in a Friday morning meth overdose incident in a Miami Beach hotel room. According to the Tallahassee Democrat, police arrived at a West Avenue hotel around 1 a.m., where they found Gillum – the former Tallahassee […]
Get Ready For Your Lifestyle To Change Indefinitely Because Of This Coronavirus Pandemic Authored by Michael Snyder via The Economic Collapse blog, Fear of the coronavirus is causing shutdowns on a global scale like we have never seen before. Just about every major sporting event that you can think of has been either canceled or […]
US Summons Chinese Ambassador Over “Blatant, Global” Covid-19 Disinformation Campaign Chinese state media conspiracy theories and allegations which have suggested it was actually the United States that first infected Wuhan province with deadly coronavirus via a US Army covert operation were “made official” this week by words of Chinese Foreign Ministry Spokesman Lijian Zhao. Lijian […]
Oil Surges After Trump Orders DOE To Fill Up Strategic Petroleum Reserve Amid the panic buying surge in the last 30 minutes of trading, sparked by Trump’s national emergency declaration, oil has soared higher after Trump said that he has asked the energy department to buy “large quantities of oil” for the Strategic Petroleum Reserve […]
US Equity Market Crashes Below 2007 Highs Despite Massive Surge On Trump Stimulus Plan Today saw the biggest spike in US equities since October 2008 after an avalanche of intervention in the last 24 hours across the world and extended by 1600 Dow points as Trump unveiled his stimulus/testing plan… But, overall, the market just […]
First Point Of Joe Biden’s Covid-19 Action Plan Is To Stop “Racism” Authored by Paul Joseph Watson via Summit News, The very first point of Joe Biden’s plan to stop the spread of coronavirus in the United States highlights the need to stop “acts of racism.” Because when dealing with a global pandemic, preventing people’s […]
Something Is Breaking: Fed Fails To Ease Epic Dollar Shortage As FRA/OIS Goes Parabolic One certainly can’t blame the Fed for trying: after firing a repo “bazooka” yesterday, which could provide up to $5 trillion in monthly liquidity in exchange for eligible pledged securities, and following that up with an emergency QE operation today when […]
“One Billion Infected In 81 Days?” – Explaining Exponential Growth & Epidemics While China is ‘recovering’ (according to its ‘official’ numbers), the rest of the world is escalating aggressively in terms of the exponential growth in Covid-19 cases (and sadly, deaths). How bad can it get if the rest of the world does not go […]
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