Trump Regime to Ease Illegal Sanctions on Iran?

Trump Regime to Ease Illegal Sanctions on Iran? by Stephen Lendman (stephenlendman.org – Home – Stephen Lendman) Illegally imposed US sanctions are all about wanting to […]

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Putin Straight Talk on COVID-19 and its Economic Fallout

Putin Straight Talk on COVID-19 and its Economic Fallout by Stephen Lendman (stephenlendman.org – Home – Stephen Lendman) In public remarks, Putin says what he means […]

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Stunning Visualization Reveals Where Spring Break Covidiots Traveled After Flooding Florida Beaches

From Zero Hedge:

On Monday we reported how thousands of young Americans laughed off warnings to self-isolate and partied on Florida beaches anyway for spring break – with several now testing positive for COVID-19.
The poster child for these selfish ‘covidiots’ – who will statistically survive coronavirus – was a spring breaker from Ohio, Bradley Sluder – told CBS News: “If I get corona, I get corona. At the end of the day, I’m not gonna let it stop me from partying,” adding “We’re just out here having a good time. Whatever happens, happens.”
“If I get corona, I get corona. At the end of the day, I’m not gonna let it stop me from partying”: Spring breakers are still flocking to Miami, despite coronavirus warnings. https://cbsn.ws/33sb67i 

Embedded video

In case you were wondering how far these spring break ‘covidiots’ traveled for their ill-advised debauchery data visualization company Tectonix used cell phone location data collected by company X-Mode to map out the travels of thousands of spring breakers, using special geo-spatial big-data analysis software.
The data – provided by cell phone companies in near real-time, was anonymized.
Watch:
This shows the location data of phones that were on a Florida beach during Spring Break. It then shows where those phones traveled.

First thing you should note is the importance of social distancing. The second is how much data your phone gives off.

Amazing.

Phony Trump Regime Narco Terrorism Charges Against Venezuelan Officials

Phony Trump Regime Narco Terrorism Charges Against Venezuelan Officials by Stephen Lendman (stephenlendman.org – Home – Stephen Lendman) The US is the world’s leading narco-terrorist state […]

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Gantz Surrenders to Netanyahu

Gantz Surrenders to Netanyahu by Stephen Lendman (stephenlendman.org – Home – Stephen Lendman) After rejecting Netanyahu’s call for Likud-led unity government with him remaining prime minister […]

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Wake Up! Your Fears Are Being Manipulated

Authored by Peter van Buren via TheAmericanConservative.com,We have a terrifying example in 9/11 of how this goes… Let’s calm down and figure out who has what to gain by stirring panic…  I’m not worried about the guy coughing next to me. …

Insanity: Stock Enter New Bull Market On Day Initial Claims Hit 3.3 Million

From Zero Hedge:

One would think that on the day the US reported 3.3 million (!) initial jobless claims, more than 5 times the weekly peak hit during the financial crisis, and a 30-sigma event
… one which presages not a recession but an economic depression, stocks would be lower.
One would be wrong, because as Virus Fears abate…
Source: Bloomberg
… Liquidity fears re-appear, as FRA-OIS signals renewed tightening in funding conditions…
Source: Bloomberg
… and systemic counterparty risk concerns are soaring (LIBOR-OIS spread screaming to its highest since Dec 2008)
Source: Bloomberg
Meanwhile, the Fed’s wanton monetization of debt, aka ‘helicopter money’…
… has triggered growing concerns about USA’s sovereign status, with the US default probability suddenly a hot topic again.
Source: Bloomberg
But for the 3rd day in a row, the cash market open in the US sparked another buying-panic (as it seems the “$850 billion buyer” in month-end rebalancing is in the market)…
… while the month-end pension rebalance suddenly appeared in the last 10 minutes of trading, sending the ES up by 40 points in literally one trade after it emerged that the Market on Close imbalance was $7 billion!
And so, after the furious rally of the past three days, and coupled with the last 10 minute Market On Close surge, the S&P is now back in a bull market, surging just over 20% from its Friday lows!
Yet as Morgan Stanley warned, despite the majestic gains in stocks, breadth remains disappointing……
Source: Bloomberg
… and the rally has seen virtually no confirmation as intraday highs fail to hold.
Both IG and HY credit was bid again today…
Source: Bloomberg
As The Fed’s shocking entry into the corporate bond market has sparked a massive over-reaction, with the LQD IG ETF swing from a 5% discount to NAV to a stunning 5% premium
Source: Bloomberg
… and something similar observed in the HYG ETF, even though the Fed isn’t buying junk bonds… yet.
More concerning is that Treasury yields, once again, refused to play along with stocks’ exuberance…
Source: Bloomberg
… as the 10Y continued to trade completely oblivious of what’s going on with stocks, and has been oddly quiet for the past 3 days.
The easing in Treasury conditions has helped send the Treasury VIX tumbling even as equity VIX remains elevated.
The dollar plunged today (the 3rd day in a row lower after 10 days straight up)…
Source: Bloomberg
This is the biggest 3-day drop since March 2009…
Source: Bloomberg
Cryptos were flat today with Bitcoin the week’s best performer still…
Source: Bloomberg
In commodity-land, oil tanked despite the weak dollar, PMs gained, copper flatlined…
Source: Bloomberg
WTI tumbled back to a $22 handle as EIA forecast an even bigger than expected tumble in global demand…
Finally, what will the next bubble The Fed will inflate to rescue the world be?
Because the “everything bubble” is done…

Source: Bloomberg

12 Experts Question The COVID-19 Panic

Via Off-Guardian.org,Below is our list of twelve medical experts whose opinions on the Coronavirus outbreak contradict the official narratives of the MSM, and the memes so prevalent on social media.* * *Dr Sucharit Bhakdi is a specialist…

USA’s COVID-19 Death Rate Is Far Below The Rates In Italy & Spain

Authored Ryan McMaken via The Mises Institute,Imagine an ordinary person sees a headline like this over her morning coffee:”Your City Will Soon Be the Homicide Capital of the World.”But, upon further inspection, it turns out the homicide rate is a…

Amazon’s Bezos, Other Corporate Executives Sold Shares Just in Time

From WSJ:Top executives at U.S.-traded companies sold a total of roughly $9.2 billion in shares of their own companies between the start of February and the end of last week, a Wall Street Journal analysis shows.The selling saved the executives—includi…

Fed Digital Dollars Are Part of Debate Over Coronavirus Stimulus

From WSJ:While it may not make it to the finished coronavirus economic stimulus and support package now being weighed in Congress, there is a push from some legislators to give the Federal Reserve a new tool some believe could radically resha…

House Stimulus Bill Creates “Digital Dollar” To Send Virus-Aid To The ‘Unbanked’

From Zero Hedge:Update (1115ET): Coindesk’s Nikhilish De reports that mentions of a “digital dollar” in a coronavirus-related relief bill before the U.S. House of Representatives have been scrubbed.House Democrats’ latest versi…

“Travel Papers” & The Pandemic Patriot Act 2.0

Authored by Daisy Luther via The Organic Prepper blog,Did you ever think we’d reach the point in the United States where you had to have papers to freely travel from one place to another? It appears we’re at the point.The MTA issued “travel papers…

The Sober Math Everyone Must Understand About the Pandemic

From the Coronado Times:This post is a little long, but it has been viewed 3.3M times in less than 36 hours. You should read it, too. It’s critical that you understand the math regarding the pandemic that is unfolding.This is a long post addressin…

Unprecedented Intervention: The Fed Will Purchase $125 Billion In Securities Every Day

From Zero Hedge:At the same time as the Federal Reserve announced open-ended QE, which also included purchases of corporate bonds and loans in both the primary (as the ECB does now) and directly in the secondary market (a new twist), as well as expandi…

“Widespread Panic” Hits Commercial Property Markets: Deals Implode, Renters Disappear, Businesses Shut Down

From Zero Hedge:As a result of the coronavirus outbreak, and the ensuing lockdown, the commercial property market has essentially frozen. Buildings that were used for all types of purposes: offices, diners, restaurants, hotels – they’ve all been s…

“Holy Shit, This Is Not The Flu”: Medical Worker Describes Terrifying Lung Failure From COVID-19… Even In Young Patients

Authored by Lizzie Presser via ProPublicaAs of Friday, Louisiana was reporting 479 confirmed cases of COVID-19, one of the highest numbers in the country. Ten people had died. The majority of cases are in New Orleans, which now has one confirmed case f…

The Entire Healthcare System In The US Is About To Collapse, Doctors & Nurses Warn

Authored by Eoin Higgins via CommonDreams.org,Health professionals are increaingly sounding the alarm over the U.S. healthcare system, warning that the coronavirus outbreak could quickly overwhelm unprepareed hospitals without swift action to provide e…

As COVID-19 Drives People Into Isolation, Wall Street’s New ‘Virtual Workplace’ May Become The Norm

From Zero Hedge:As governments take drastic measures to slow the spread of the Wuhan coronavirus pandemic, Wall Street – much like a plethora of other industries – has embraced the virtual workplace, according to Bloomberg.In Hong Kong, …

Did China’s Plan to Destroy the United States Backfire?

From Epoch Times:In a secret speech given to high-level Communist Party cadres nearly two decades ago, Chinese Defense Minister Gen. Chi Haotian explained a long-range plan for ensuring a Chinese national renaissance.He said there were three vital issu…