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  • Japan Unexpectedly Reports Terrible GDP As It Slides Into Recession

    ZeroHedge - Feb 16th 2020 8:22pm EST

    Japan Unexpectedly Reports Terrible GDP As It Slides Into Recession One look at the latest GDP print out of Japan, and one would think the country’s economy was already being ravaged by the coronavirus: at -1.6% Q/Q and a whopping -6.3% annualized – nearly double the 3.8% estimated drop – this was the second worst […]

  • Why Wasn’t Andrew McCabe Charged?

    ZeroHedge - Feb 16th 2020 8:00pm EST

    Why Wasn’t Andrew McCabe Charged? Authored by Andrew McCarthy via National Review.com, The proof that he willfully deceived investigators appears strong, but the Justice Department likely felt there were too many obstacles to convicting him. The Justice Department announced Friday that it is closing its investigation of Andrew McCabe, the FBI’s former deputy director, over his […]

  • Venezuela Stages Massive Live-Fire War Drill Amid Invasion Threats

    ZeroHedge - Feb 16th 2020 7:30pm EST

    Venezuela Stages Massive Live-Fire War Drill Amid Invasion Threats A week after President Trump met with Venezuelan opposition leader Juan Guaidó at the White House and reiterated his support to remove President Nicolás Maduro from power, Venezuela’s armed forces and civilian militias staged a massive war drill over the weekend, reported Telesur.  The meeting between Trump […]

  • Real Energy Independence Is An Illusion

    ZeroHedge - Feb 16th 2020 7:05pm EST

    Real Energy Independence Is An Illusion Authored by Anes Alic via OilPrice.com, Ultimately, energy independence is an illusion in the era of globalization because the hyper connectedness of the market makes it impossible. Still, it’s a never-ending battle cry that ends up being an argument of semantics, the outcome of which depends on how you […]

  • It’s “The 1%” vs Everyone Else: FAAMG Earnings Soar As Russell 2000 EPS Growth Craters

    ZeroHedge - Feb 16th 2020 6:48pm EST

    It’s “The 1%” vs Everyone Else: FAAMG Earnings Soar As Russell 2000 EPS Growth Craters The earnings recession which lasted for all of 2019, is finally coming to an end. According to Factset, with a majority of companies reproting, the blended earnings growth rate for the S&P 500 for the fourth quarter is 0.7% as […]

  • Pento: Maniacal Money Printers Have Gone Mad Fighting China Virus

    ZeroHedge - Feb 16th 2020 6:15pm EST

    Pento: Maniacal Money Printers Have Gone Mad Fighting China Virus Via Greg Hunter’s USAWatchdog.com, Money manager Michael Pento has long warned about China’s rapid accumulation of debt that now stands at $40 trillion. The coronavirus coming out of China is only going to make China’s problems far worse. Pento explains, “China has the biggest amassing of […]

  • Can Sanders Beat Trump In Capitalist America?

    ZeroHedge - Feb 16th 2020 5:25pm EST

    Can Sanders Beat Trump In Capitalist America? Authored by Bruce Wilds via Advancing Time blog, The Democrats are searching for the candidate best able to defeat Trump in the forthcoming Presidential race. The question on the mind of many democrats is whether Bernie Sanders can beat Trump in a capitalist America? Considering the surge in inequality […]

  • Beijing Crashes The Party: Chinese Media Warns Austerity Is Coming After FinMin Says “Proactive Fiscal Policy” No Longer Feasible

    ZeroHedge - Feb 16th 2020 5:09pm EST

    Beijing Crashes The Party: Chinese Media Warns Austerity Is Coming After FinMin Says “Proactive Fiscal Policy” No Longer Feasible One of the reasons in light of the ongoing economic shock that has crippled China’s economy, which according to Goldman will push the country’s GDP to zero (or lower)… … and frayed global supply chains, is […]

  • Record Highs And Raging Risks – The Mother Of All Head-Scratchers

    ZeroHedge - Feb 16th 2020 4:35pm EST

    Record Highs And Raging Risks – The Mother Of All Head-Scratchers Excerpted from Doug Noland’s Credit Bubble Bulletin blog, Confirmed coronavirus cases almost doubled over the past week to 67,000. Part of the spike was the result of including a group diagnosed through CT imaging scans rather than with typical coronavirus testing. The ballooning number […]

  • Sino-US Trade Flows Reveal The Next Market Crash Could Be Nearing 

    ZeroHedge - Feb 16th 2020 4:10pm EST

    Sino-US Trade Flows Reveal The Next Market Crash Could Be Nearing  China and the US have enjoyed two decades of increasing trade flows that have jumped from $61 billion a year in 2000 to $540 billion in 2019. But the ugly end of globalization is starting to be realized, as trade flows have plunged from Nov 2018 […]

  • Dark Towers: Deutsche Bank, Donald Trump, And An Epic Trail Of Destruction

    ZeroHedge - Feb 16th 2020 3:45pm EST

    Dark Towers: Deutsche Bank, Donald Trump, And An Epic Trail Of Destruction Submitted by Chris Whalen of Institutional Risk Analyst This week in The Institutional Risk Analyst, we review the new book by David Enrich, “Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction.” Enrich is currently financial editor at The New […]

  • President Xi Insists He Gave Orders To Contain Coronavirus Outbreak Weeks Before It Went Global

    ZeroHedge - Feb 16th 2020 3:42pm EST

    President Xi Insists He Gave Orders To Contain Coronavirus Outbreak Weeks Before It Went Global As the WHO expresses skepticism about China’s response to the virus following earlier praise, President Xi is apparently trying to rewrite history and make it look like the Politburo Standing Committee was more on top of things than they really […]

  • 1 In 3 American Workers Runs Out Of Money Before Payday

    ZeroHedge - Feb 16th 2020 3:20pm EST

    1 In 3 American Workers Runs Out Of Money Before Payday A new study has found that at least 32% of people making over $100,000, run out of money between paychecks and can’t make ends meet in the “greatest economy ever.” Something is amiss here considering President Trump touts all-time highs in the stock market, […]

  • Hedge Fund CIO: Guys Text Me All Day, The Dumbest Of The Dumb Are Making Hundreds Of Thousands Daytrading Tesla Right Now

    ZeroHedge - Feb 16th 2020 2:58pm EST

    Hedge Fund CIO: Guys Text Me All Day, The Dumbest Of The Dumb Are Making Hundreds Of Thousands Daytrading Tesla Right Now Submitted by Eric Peters, CIO of One River Asset Management “You always knew you’d know it when you saw it,” said Roadrunner. “But you could never be sure what it would look like […]

  • JPMorgan Spots Another Market Paradox: If Everyone Is ‘All-In’, Why Is The Market “Trading Short”?

    ZeroHedge - Feb 16th 2020 2:30pm EST

    JPMorgan Spots Another Market Paradox: If Everyone Is ‘All-In’, Why Is The Market “Trading Short”? Earlier today we noted that when commenting on the latest positioning in hedge fund land, the Morgan Stanley prime brokerage/quant strategy team calculated gross leverage for long/short hedge funds is near historical highs (much more in the full note), which […]

  • Lifelong Dem Laments: “After Attending A Trump Rally, I Realized Democrats Are Not Ready For 2020”

    ZeroHedge - Feb 16th 2020 2:05pm EST

    Lifelong Dem Laments: “After Attending A Trump Rally, I Realized Democrats Are Not Ready For 2020” Authored by Karlyn Borysenko via Medium.com, I’ve been a Democrat for 20 years. But this experience made me realize how out-of-touch my party is with the country at large. I think those of us on the left need to […]

  • China’s Coronavirus Numbers Don’t Add Up, And The White House Doesn’t Believe Them

    ZeroHedge - Feb 16th 2020 1:47pm EST

    China’s Coronavirus Numbers Don’t Add Up, And The White House Doesn’t Believe Them As we’ve been highlighting for weeks, China’s official coronavirus numbers aren’t adding up. The evidence is overwhelming; overloaded crematoriums in Hubei province, to the official death rate maintaining an improbable 2.1% (within + / – 0.1%) for weeks, to coronavirus deaths counted […]

  • Economic Woes: 1-In-4 Renters Are Now Spending Over Half Their Income On Housing

    ZeroHedge - Feb 16th 2020 1:15pm EST

    Economic Woes: 1-In-4 Renters Are Now Spending Over Half Their Income On Housing Authored by Mac Slavo via SHTFplan.com, Rents are becoming unaffordable for many Americans, even those in the middle class. Because the cost of buying property, maintaining it, and covering property taxes has jumped, so have the costs of renting. A new report from […]

  • “I Was Knocking On Hell’s Door”: 21-Year-Old Student Recounts ‘Nightmare’ Of Contracting Virus In Wuhan

    ZeroHedge - Feb 16th 2020 12:50pm EST

    “I Was Knocking On Hell’s Door”: 21-Year-Old Student Recounts ‘Nightmare’ Of Contracting Virus In Wuhan In the race of western media outlets struggling to produce a first-hand account of someone who was infected with the virus in Wuhan, Bloomberg has been declared the winner. One of the company’s reporters published a stunning piece from the […]

  • Bye, Bye, Buybacks!

    ZeroHedge - Feb 16th 2020 12:25pm EST

    Bye, Bye, Buybacks! Authored by David Hay via Evergreen Gavekal blog, “Boards of directors who are allowing buybacks to occur without being transparent about allowing CEOs to sell into them raise real questions about the leadership of that board.” – SEC Commissioner Rob Jackson SUMMARY The main international benchmark excluding the US has essentially flat-lined […]

  • NYT Reports Japanese Man Diagnosed With Virus Visited Resort, Mingled With Hawaiians During Recent Visit

    ZeroHedge - Feb 16th 2020 12:00pm EST

    NYT Reports Japanese Man Diagnosed With Virus Visited Resort, Mingled With Hawaiians During Recent Visit Yesterday, we mentioned that one of the latest cases of COVID-19 confirmed in Japan was a man in his 60s who recently traveled to Hawaii. While the news was certainly alarming, with few details available, we had little to choice […]

  • Watch Klobuchar & Steyer Get Stumped When Simply Asked To Name Mexico’s President

    ZeroHedge - Feb 16th 2020 11:20am EST

    Watch Klobuchar & Steyer Get Stumped When Simply Asked To Name Mexico’s President This one is almost hard to watch in terms of the awkward cringe factor. 2020 Democratic hopefuls Amy Klobuchar and Tom Steyer — who in many cases have been championed by MSNBC and CNN pundits as “presidential” while the same networks by and large dismiss front runner Bernie […]

  • Coronavirus And Credit – A Perfect Storm

    ZeroHedge - Feb 16th 2020 10:45am EST

    Coronavirus And Credit – A Perfect Storm Authored by Alasdair Macleod via GoldMoney.com, This article posits that the spread of the coronavirus coincides with the downturn in the global credit cycle, with potentially catastrophic results. At the time of writing, analysts are still trying to get to grips with the virus’s economic impact and they […]

  • Meet The 5 Hedge Fund Managers Who Made More Than $1 Billion Each In 2019

    ZeroHedge - Feb 16th 2020 10:20am EST

    Meet The 5 Hedge Fund Managers Who Made More Than $1 Billion Each In 2019 Despite the record inflows into passive investing products and a record amount of Fed liquidity constantly forcing U.S. equity markets to all time highs, there are still some “old school” hedge fund managers on the street managing to cash big […]

  • The Multi-Billion-Dollar Mystery Of The Great British Gold Sale

    ZeroHedge - Feb 16th 2020 9:55am EST

    The Multi-Billion-Dollar Mystery Of The Great British Gold Sale Authored (via Tweet-thread) by Ed Conway, Economics Editor at Sky News, This is a story about a chart. A pretty astonishing chart. A chart that has all sorts of consequences, including misleading ministers, distorting our view on the nature of the UK economy and creating a […]