• Online Searches For “Unemployment Benefits” Soar After Virus Crashes Gig-Economy

    ZeroHedge - Mar 17th 2020 11:25am EDT (Archive)

    Online Searches For “Unemployment Benefits” Soar After Virus Crashes Gig-Economy It was only Monday when we reported New York’s unemployment website crashed as tens of thousands of people out of work tried to file a claim all at once.  Last week, we warned that the gig-economy and service industry was expected to implode as a “coronavirus winter” unfolded across […]

  • Nomura: ‘Quad Witch’ Friday Could Trigger “Un-Sticking” Of Insanely High Volatility

    ZeroHedge - Mar 17th 2020 11:10am EDT (Archive)

    Nomura: ‘Quad Witch’ Friday Could Trigger “Un-Sticking” Of Insanely High Volatility It’s ‘quad witch’ week, which historically has meant a collapse in vol and surge in stocks – no matter what the news. But, this week (and last) has been different, to say the least. However, as Nomura’s Charlie McElligott explains below, this Friday’s option […]

  • The Lehman Playbook Is Back: Fed Announces Bailout Of Commercial Paper Market

    ZeroHedge - Mar 17th 2020 10:55am EDT (Archive)

    The Lehman Playbook Is Back: Fed Announces Bailout Of Commercial Paper Market It was supposed to be announced late on Sunday, but instead Powell hoped that the bazooka of QE/ZIRP/FX swaps would be sufficient to ease the funding panic. It wasn’t, and instead, with a 2-day delay, moments ago the Fed announced that, just as […]

  • Fed Again Announces Extra $500BN Repo To Stabilize Funding Markets

    ZeroHedge - Mar 17th 2020 10:45am EDT (Archive)

    Fed Again Announces Extra $500BN Repo To Stabilize Funding Markets Earlier this morning, when discussing the latest Fed repo injections, which at $189BN between overnight and term repos, seemed insufficient to ease the stress in the repo market where GC repo jumped by 40bps to 60bps this morning… we said that “with no other repos […]

  • “What The F**k Are These Guys Smoking…?”

    ZeroHedge - Mar 17th 2020 10:30am EDT (Archive)

    “What The F**k Are These Guys Smoking…?” Authored by Bill Blain via MorningPorridge.com, “Well, it has to happen. Because if it doesn’t happen, we hit the wall next week. We’re already in breach.” Happy St Patricks day. Extra points for identifying the moment in Irish history in this morning’s quote…  Meanwhile… back in Today Yesterday […]

  • Job Openings Soar Most In Three Years Just As US Economy Grinds To A Halt

    ZeroHedge - Mar 17th 2020 10:23am EDT (Archive)

    Job Openings Soar Most In Three Years Just As US Economy Grinds To A Halt Last month, the market was shocked when despite strong payrolls numbers, the closely-watched JOLTS report – which as a reminder was Janet Yellen’s favorite labor market indicator – showed that in the two months ended Dec 2019, the number of […]

  • Amazon Suspends All Shipments Other Than Medical Supplies, Household Staples

    ZeroHedge - Mar 17th 2020 10:11am EDT (Archive)

    Amazon Suspends All Shipments Other Than Medical Supplies, Household Staples Update (1005ET): As we detailed below, Amazon was already struggling to meet delivery goals and having problems with stock, but now, in a blog post, Amazon told sellers on Tuesday that it’s suspending shipments of all non-essential products to its warehouses to deal with the […]

  • Moral Hazard Is Back: Fed To Bail Out Commercial Paper Market

    ZeroHedge - Mar 17th 2020 10:00am EDT (Archive)

    Moral Hazard Is Back: Fed To Bail Out Commercial Paper Market Early on Sunday afternoon, just two hours before the Fed unveiled its ZIRP/QE bazooka, we wrote that the “Fed Is Expected To Announce CP Bailout Facility Within Hours Or Risk Money Market Panic.” That, however, did not happen – perhaps the Fed was hoping […]

  • After Trading Limit-Up Overnight, Stocks Tumble Into Red

    ZeroHedge - Mar 17th 2020 9:54am EDT (Archive)

    After Trading Limit-Up Overnight, Stocks Tumble Into Red Presented with no comment…   Tyler Durden Tue, 03/17/2020 – 09:54

  • “You Are The Cavalry” – Pandemics In Our “Brittle, Phony” Economies

    ZeroHedge - Mar 17th 2020 9:45am EDT (Archive)

    “You Are The Cavalry” – Pandemics In Our “Brittle, Phony” Economies Authored by Mike Krieger via Liberty Blitzkrieg blog, And it was in the midst of shouts rolling against the terrace wall in massive waves that waxed in volume and duration, while cataracts of colored fire fell thicker through the darkness, that Dr. Rieux resolved […]