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  • “One Billion Infected In 81 Days?” – Explaining Exponential Growth & Epidemics

    ZeroHedge - Mar 13th 2020 3:25pm EDT

    “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 […]

  • How The Covid-19 Shock Is Different

    ZeroHedge - Mar 13th 2020 3:13pm EDT

    How The Covid-19 Shock Is Different Authored by Richard Baldwin via VoxEU.org, The COVID-19 economic crisis is different. It hit the economic giants all at once – the G7 nations and China. And the economic strikes are widely spread, hitting many sectors all at once. It is not a credit crisis, or a banking crisis, or a sudden-stop crisis, […]

  • Watch Live: President Trump To Declare National Emergency Over Covid-19

    ZeroHedge - Mar 13th 2020 2:55pm EDT

    Watch Live: President Trump To Declare National Emergency Over Covid-19 President Trump is set to hold a news conference at 3pmET to discuss the coronavirus as cases and deaths soar in the US. The virus has killed at least 40 Americans and there are more than 1,700 cases nationwide as of Friday morning, according to data […]

  • Six Weeks After Dalio’s “Cash Is Trash”, Cash Sees Biggest Inflow In History

    ZeroHedge - Mar 13th 2020 2:44pm EDT

    Six Weeks After Dalio’s “Cash Is Trash”, Cash Sees Biggest Inflow In History The past week has been one of market superlatives: the biggest Dow point crash ever, the biggest Stoxx 600 drop on record, the longest lock “limit down” in the Emini future ever observed, the biggest rebound in the Dow since the financial […]

  • Black Swans, Dead Cats, Live Bats, And A Goodbye To All That

    ZeroHedge - Mar 13th 2020 2:25pm EDT

    Black Swans, Dead Cats, Live Bats, And A Goodbye To All That Authored by James Howard Kunstler via Kunstler.com, Had enough excitement yet? At least the stock markets are following an established script: the bubble pops, the elevator drops, for a while it stops… and then investments sink to the deepest sub-basement, where they linger […]

  • Bank of Canada Announces Emergency 50bps Rate Cut, As FinMin Unveils C$10BN Support Program

    ZeroHedge - Mar 13th 2020 2:18pm EDT

    Bank of Canada Announces Emergency 50bps Rate Cut, As FinMin Unveils C$10BN Support Program After a day of relentless central bank interventions across Asia and Europe, which jumped the Atlantic this morning when the Fed announced not one but 6 emergency QE POMOs, moments ago Canada joined the panic response, when the Bank of Canada […]

  • Insider Buying Surges To Nearly Decade Long High Amid Coronavirus Sell-Off

    ZeroHedge - Mar 13th 2020 2:14pm EDT

    Insider Buying Surges To Nearly Decade Long High Amid Coronavirus Sell-Off Those asking who is “buying while there’s blood in the streets” over the last couple months may very well have their answer: corporate insiders.  While we are still waiting for the first big activist to take a swing – or the first signs of […]

  • Charles Nenner: “We Are Heading For A Depression”

    ZeroHedge - Mar 13th 2020 1:56pm EDT

    Charles Nenner: “We Are Heading For A Depression” Via Greg Hunter’s USAWatchdog.com, Renowned geopolitical and financial cycle expert Charles Nenner told his clients back in January 2020, “It was time to sell . . . . I am afraid they can lose 40% to the downside.” Well, we are more than halfway there, and Nenner warns […]

  • Twitter Won’t Remove Chinese Official’s Conspiracy Theory Suggesting US Army Secretly Infected Wuhan With COVID-19

    ZeroHedge - Mar 13th 2020 1:38pm EDT

    Twitter Won’t Remove Chinese Official’s Conspiracy Theory Suggesting US Army Secretly Infected Wuhan With COVID-19 While Zero Hedge remains banned from Twitter for suggesting that a Chinese level-4 biolab experimenting with bat coronavirus (which is 96% genetically identical to COVID-19) – located roughly 900 feet from the Wuhan wet-market widely considered as ‘ground zero’ for […]

  • “We’re Pulling Out All The Stops”: Trudeau Promises To Help Canadians With Their Bills As He Leads Nation From Home

    ZeroHedge - Mar 13th 2020 1:33pm EDT

    “We’re Pulling Out All The Stops”: Trudeau Promises To Help Canadians With Their Bills As He Leads Nation From Home After his wife, Sophie Gregoire, revealed last night that she had been diagnosed with Covid-19 following a trip to London, Canadian Prime Minister Justin Trudeau – who apparently hasn’t been infected – said during a […]

  • US Moves Patriot Missiles To Iraq – Outraged Baghdad Says “Consequences” Coming After Airstrikes

    ZeroHedge - Mar 13th 2020 1:20pm EDT

    US Moves Patriot Missiles To Iraq – Outraged Baghdad Says “Consequences” Coming After Airstrikes With coronavirus pandemic dominating the world’s attention, it’s easy to forget that the US is essentially in a state of war with Iran, just Thursday night conducting a major aerial bombing campaign against multiple Iran-backed militia targets across southern Iraq. In response to […]

  • Credit Impulse Update: A Key Engine Of US Growth Is Stalling

    ZeroHedge - Mar 13th 2020 1:05pm EDT

    Credit Impulse Update: A Key Engine Of US Growth Is Stalling Authored by Christopher Dembik, head of Macro Analysis at Saxo Bank, This is certainly one of the most important charts for the U.S. economy. Before COVID-19 outbreak, our leading indicator for the United States, credit impulse, was already showing signs of weakness. It was […]

  • “American Carnage” In Ten Bullet Points

    ZeroHedge - Mar 13th 2020 1:04pm EDT

    “American Carnage” In Ten Bullet Points Late last year, BofA’s Chief Investment Officer perfectly predicted how far the market meltup that was unleashed by the Fed’s “NOT QE” would push stocks higher, when he said that the S&P would hit 3,333 by March 3. He was right, and more notably, he was early, because the […]

  • “This Is Just The Beginning”

    ZeroHedge - Mar 13th 2020 12:50pm EDT

    “This Is Just The Beginning”: Shocked Wall Street Traders Respond To An Insane Market After a week of insane, breathtaking rollercoaster moves, stunned, disgusted, speechless traders are quietly stepping away from their trading desks, unable to make sense of what they see, or unable to find liquidity when they try to trade something they do […]

  • Simon Black: Just How Bad Will It Get?

    ZeroHedge - Mar 13th 2020 12:36pm EDT

    Simon Black: Just How Bad Will It Get? Authored by Simon Black via SovereignMan.com, We certainly live in extraordinary times. Even people who have been irrationally dismissive of the Corona pandemic up until this point finally had to wake up and smell reality yesterday. The NBA. Tom Hanks. European travel ban. Our human brains, while […]

  • Appaloosa’s David Tepper Says Fed Needs To Conduct Targeted QE

    ZeroHedge - Mar 13th 2020 12:20pm EDT

    Appaloosa’s David Tepper Says Fed Needs To Conduct Targeted QE Appaloosa’s David Tepper was heard on CNBC earlier this year, making bullish bets on the stock market. He emailed CNBC’s Joe Kernen in January, saying, “I love riding a horse that’s running.” He added, “We have been long and continue that way.” Tepper also said, […]

  • “The Biggest VaR Shock In History”: Here’s The Reason Behind The Market’s Insane Moves In One Chart

    ZeroHedge - Mar 13th 2020 12:06pm EDT

    “The Biggest VaR Shock In History”: Here’s The Reason Behind The Market’s Insane Moves In One Chart Less than two months ago, when we pointed out how virtually every investor class was all-in the stock market (something which we are certain they wish they could now undo), we highlighted that “among the systematics, the bullishness […]

  • Why Fracking Will Never Be Banned In The US

    ZeroHedge - Mar 13th 2020 11:49am EDT

    Why Fracking Will Never Be Banned In The US Authored by Julianne Geiger via OilPrice,com, Several democratic presidential candidates have proposed fracking bans, but oil companies have room to breathe easily knowing that killing off fracking in the US is a bit too big of a bite for any political party to handle. But as […]

  • Unprecedented NAV Discounts In Credit ETFs Underscore “Dash For Cash” Panic

    ZeroHedge - Mar 13th 2020 11:31am EDT

    Unprecedented NAV Discounts In Credit ETFs Underscore “Dash For Cash” Panic Less than two months ago, Ray Dalio came out with what may have been the worst market “hot take” in history when he said that “cash is trash” just weeks before the biggest market crash in generations and the biggest scramble into the safety […]

  • First Emergency POMO Oversubscribed As Fed’s “Whatever It Takes” Moment Arrives

    ZeroHedge - Mar 13th 2020 11:10am EDT

    First Emergency POMO Oversubscribed As Fed’s “Whatever It Takes” Moment Arrives The result of the Fed’s first emergency POMO is out. Less than half an hour after the NY Fed announced it would conduct six emergency POMOs staggered across the entire day on Friday, and amounting to a total of $37 billion in securities across […]

  • Will The Coronavirus Kill The New World Order?

    ZeroHedge - Mar 13th 2020 11:10am EDT

    Will The Coronavirus Kill The New World Order? Authored by Patrick Buchanan via Buchanan.org, Dr. Brian Monahan, attending physician of Congress, told a closed meeting of Senate staffers this week that 70 million to 150 million Americans – a third of the nation – could contract the coronavirus. Dr. Anthony Fauci testified that the mortality […]

  • BMO: “The Disconnect Between Treasuries And Stocks Is The Most Widely Debated Topic At The Moment”

    ZeroHedge - Mar 13th 2020 10:52am EDT

    BMO: “The Disconnect Between Treasuries And Stocks Is The Most Widely Debated Topic At The Moment” Authored by Ian Lyngen, Ben Jeffery and Jon Hill, rates stretegists at BMO Capital Markets A sense of uncomfortable calm has fallen on financial markets overnight following the Fed’s announcement of additional liquidity measures and the PBOC’s drop of […]

  • NYC Mulls Unprecedented Scaling Back Of Subway Service As Ridership Plummets 

    ZeroHedge - Mar 13th 2020 10:50am EDT

    NYC Mulls Unprecedented Scaling Back Of Subway Service As Ridership Plummets  As of mid-week New York City Subway ridership sank about 20% over coronavirus fears, prompting the Metropolitan Transportation Authority to begin consider scaling back operations which see 5.5 million people ride each weekday. Depending on the potential extent, it would be a historic first: […]

  • President Bolsonaro Tests Positive After Dining With Trump Saturday: Brazilian Press

    ZeroHedge - Mar 13th 2020 10:37am EDT

    President Bolsonaro Tests Positive After Dining With Trump Saturday: Brazilian Press It’s official: Brazilian President Jair Bolsonaro has tested positive for coronavirus, making him the highest ranking political leader in the world to get Covid-19 thus far. It was first reported Thursday that Bolsonaro was being monitored and tested, after his press secretary Fabio Wajngarten had tested positive […]

  • ‘Rohrkrepierer’ – How The Fed’s Giant Bazooka Misfired

    ZeroHedge - Mar 13th 2020 10:36am EDT

    ‘Rohrkrepierer’ – How The Fed’s Giant Bazooka Misfired Via GoldMoney.com, The Germans – as always – have a word for it: Rohrkrepierer. Literally translated it means “[projectile] that explodes in the barrel before it exits the weapon”. This is a perfect analogy for what happened when the Fed took out what it felt was the […]