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  • Line For New Jersey ‘Drive-Thru’ Testing Facility Is ‘Thousands Of Cars Long’

    ZeroHedge - Mar 20th 2020 1:25pm EDT

    Line For New Jersey ‘Drive-Thru’ Testing Facility Is ‘Thousands Of Cars Long’ Illustrating the extreme lengths to which terrified Americans will go to put their minds at ease, media reports and video circulating on social media show that a line that’s ‘thousands of cars’ and ‘several hours’ long has formed outside a COVID-19 testing facility […]

  • The Fed Reopens Its Landfill For Distressed Assets

    ZeroHedge - Mar 20th 2020 1:10pm EDT

    The Fed Reopens Its Landfill For Distressed Assets Authored by Mike Whitney via The Unz Review, The Fed is reopening its most controversial and despised crisis-era bailout facility, the Primary Dealer Credit Facility. The Wall Street Journal describes the PDCF as “an overnight loan facility for primary dealers (that) provides round-the-clock backup source of funding […]

  • “Critical Incident” – London Hospital Runs Out Of Beds Amid Virus Outbreak

    ZeroHedge - Mar 20th 2020 12:55pm EDT

    “Critical Incident” – London Hospital Runs Out Of Beds Amid Virus Outbreak A hospital in London has declared a “critical incident” after it has run out of hospital beds, reported SKY News.  BREAKING: Northwick Park Hospital in Harrow has declared a ‘critical incident’ due to a surge in patients with #COVID19. Latest #coronavirus updates 👉 […]

  • The Crash Of 2020 Is Now Worse Than The Great Depression

    ZeroHedge - Mar 20th 2020 12:51pm EDT

    The Crash Of 2020 Is Now Worse Than The Great Depression Back in December, someone in China made bat soup (at least according to the officially accepted narrative that doesn’t get you banned on Facebook, Twitter, etc), and the rest is history: in the next three months, the global equity market has lost $24 trillion […]

  • Schumer Asks Trump To Invoke Act For Emergency Medical Equipment; Trump Immediately Orders It Done

    ZeroHedge - Mar 20th 2020 12:25pm EDT

    Schumer Asks Trump To Invoke Act For Emergency Medical Equipment; Trump Immediately Orders It Done President Trump has ordered his administration to immediately prepare to invoke the Defense Production act to “get ventilators and other important medical equipment to those who need it,” after Senate Minority Leader Chuck Schumer (D-NY) asked the president by phone […]

  • Distressed Debt In The US Doubles In 2 Weeks To $500BN As BofA Expects Surge In Defaults

    ZeroHedge - Mar 20th 2020 12:20pm EDT

    Distressed Debt In The US Doubles In 2 Weeks To $500BN As BofA Expects Surge In Defaults Last week, in the aftermath of the historic oil price collapse, we warned that the long-awaited “fallen angel” day has arrived, as $140 billion in oil producer (and up to $360 if one includes the mid-stream companies) investment […]

  • After Trading Limit-Up Overnight, Nasdaq Has Crashed Into The Red

    ZeroHedge - Mar 20th 2020 12:13pm EDT

    After Trading Limit-Up Overnight, Nasdaq Has Crashed Into The Red Despite The Fed’s biggest asset-purchase week ever, US equity markets refuse to hold a bid. After trading limit-up overnight )on what we have no idea), Nasdaq is now down almost 1% on the day… What next Jay?   Tyler Durden Fri, 03/20/2020 – 12:13

  • New York Times Deletes Word “Wuhan” From Its Coronavirus Tracking Map

    ZeroHedge - Mar 20th 2020 12:05pm EDT

    New York Times Deletes Word “Wuhan” From Its Coronavirus Tracking Map Authored by Paul Joseph Watson via Summit News, Following a media narrative that President Trump is “racist” for calling COVID-19 the ‘Chinese virus’, the New York Times has now deleted the word ‘Wuhan’ from its coronavirus tracking map. Trump has repeatedly referred to the […]

  • Second Great Depression Begins? Goldman Now Expects A Record 24% Crash In Q2 GDP; Sees 9% Unemployment

    ZeroHedge - Mar 20th 2020 11:51am EDT

    Second Great Depression Begins? Goldman Now Expects A Record 24% Crash In Q2 GDP; Sees 9% Unemployment On Wednesday we mused that a race had emerged between Goldman and JPMorgan over who can downgrade the US GDP growth rate the most. Up until that point, Goldman held the lead, with its recently announced -5% cut […]

  • Watch Live: White House COVID-19 Task Force Holds Friday Meeting

    ZeroHedge - Mar 20th 2020 11:48am EDT

    Watch Live: White House COVID-19 Task Force Holds Friday Meeting As the number of confirmed cases of COVID-19 passes 14,000, the White House task force is holding its Friday task force, where we imagine we’ll be hearing an update about the Senate’s proposed $1 trillion economic stimulus and ‘helicopter money’ package. It’s slated to start […]