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 2018-10-20 02:25 

Zero Hedge

Escobar: What Sanctions On Russia And China Really Mean...

Authored by Pepe Escobar via The Asia Times, The Pentagon may not be advocating total war against both Russia and China as it has been interpreted in some quarters ... A crucial Pentagon report on the US defense industrial base and "supply chain resil...

 2018-10-20 02:05 

Zero Hedge

Swiss Banks Curb China Travel After UBS Banker Arrested...

Two major Swiss banks imposed restrictions on staff travel to China after a UBS employee was detained in the country, underscoring the challenges of doing business in a country which is a mecca for banks eager to capture and manage (for a generous fee) th...

 2018-10-20 01:45 

Zero Hedge

"Mohammad bin Salman Must Go," But US-Saudi Ties Are Here To Stay...

Authored by Federico Pieraccini via The Strategic Culture Foundation, Mohammad bin Salman is fully aware of the Western elite's understanding of its own values. While he may be given a pass to bomb Yemen and kill thousands of innocent civilians, he sh...

 2018-10-20 01:25 

Zero Hedge

Sotheby's Burned For $5 Million In Art Auction Fraud...

A fine art consultant in New York and and an interior designer in Florida stole an elderly woman's identity and used it to bid millions of dollars on famous paintings and defraud the renowned Sotheby's auction house, federal prosecutors in Florida...

 2018-10-20 01:05 

Zero Hedge

California Parents Lose One More Right As State Limits Kids' Menu Drinks To Water Or Milk...

Authored by Meadow Clark via Daisy Luther's Organic Prepper blog, Yes, the rumors are true. California lawmakers passed a state law that forces restaurants within the state to offer only select beverages on children's menus. Governor Jerry Brown s...

 2018-10-20 00:45 

Zero Hedge

Need Cash Fast? US Bank Unveils Payday Loan Program With 88% APR...

Just as Goldman Sachs is putting the breaks on what had been a rapidly expanding consumer lending business amid growing doubts about how its $4 billion portfolio might perform during a downturn, US Bank is gambling on the riskiest form of consumer credit,...

 2018-10-20 00:25 

Zero Hedge

China's Next Revolution Is On The Horizon...

Authored by Charles Hugh Smith via OfTwoMinds blog, The Mandate of Heaven will be withdrawn, and the autocratic regime overthrown. The absolute confidence that China's political structure is permanent and forever is reminiscent of the absolute confide...

 2018-10-20 00:05 

Zero Hedge

"Pathological Social Deviant": Senior NSA Official Engaged In "Egregious" Misconduct With Women...

A senior National Security Agency official made inappropriate physical contact with women in the workplace, sent sexually explicit and racist messages over the agency's top secret network, and sent himself a sexually charged email from his female supe...

 2018-10-19 23:45 

Zero Hedge

Stockman: Why Greenspanian Central Banking Is The Mortal Enemy Of Capitalist Prosperity...

Authored by David Stockman via Contra Corner blog, We can thank bubblevision and the Maestro himself for a splendid reminder yesterday that Greenspanian central banking is the greatest menace to capitalist prosperity ever invented . This was made abundant...

 2018-10-19 23:25 

Zero Hedge

US Named "World's Most Competitive Economy" For First Time In 10 Years...

For the first time since the financial crisis, the US has regained its ranking as the 'World's Most Competitive Economy', according to the World Economic Forum's Global Competitiveness Index. What's more, the US also scored high in the...

 2018-10-19 23:05 

Zero Hedge

Charting China's Imminent Implosion...

Authored by Chris Hamilton via Econimica blog, Debt is money spent in the present and an obligation to be repaid in the future. Given this, I thought I'd contrast China's population of young versus their obligation to be repaid in the future. The ...

 2018-10-19 22:45 

Zero Hedge

Glenn Greenwald: The Most Repulsive 3 Minutes Ever Broadcast On TV...

We hate to possibly ruin your Friday with a Thomas "suck on this" Friedman post, but it appears he's the only one still left defending Saudi Crown Prince Mohammed bin Salman even as David Ignatius attempts to momentarily change his tune as it&...

 2018-10-19 22:28 

Zero Hedge

Saudis Admits Khashoggi Killed At Consulate, King Salman Fires Top General, Adviser...

Saudi Arabia confirmed tonight that Washington Post columnist Jamal Khashoggi was killed at its consulate in Istanbul on 2 October . In a statement put out on Saudi state television, the country's chief prosecutor said a fight broke out between Khasho...

 2018-10-19 22:25 

Zero Hedge

Car-nage: The Rate Of Change Demands Attention...

Authored by Daniel Ruiz via BlindersOffResearch.com, This is a follow-up to my recent Used Car and Truck CPI article. The reason for the almost immediate follow-up is because new vehicle inventories are increasing at an alarming rate. To illustrate this, ...

 2018-10-19 22:05 

Zero Hedge

Bolton Pushes Trump To Drop 1987 Treaty After Russia Unveils Advanced Nukes...

US national security adviser John Bolton has advised President Trump to abandon the 1987 intermediate-range nuclear forces treaty with Russia after the Kremlin rolled out a nuclear-tipped cruise missile earlier this year in violation of the agreement. No ...

 2018-10-19 21:45 

Zero Hedge

Daily Beast: "Dear God, Hillary Clinton. Please, Just Go."...

As fresh rumors swirl around a potential Hillary Clinton 2020 campaign, Democrats have a clear message for the twice-failed presidential candidate; you're not helping, please go away, right now. In an Op-Ed that can best be described as savage, the Da...

 2018-10-19 21:25 

Zero Hedge

"All-Out War" Coming: Record Number Of Israeli Tanks Amassed On Gaza Border...

After months of violence and widespread protests along the Israeli-Gaza border fence, Israeli is quickly ramping up its military presence with a show of force a day after launching deadly airstrikes on Gaza in response to what officials say were two rocke...

 2018-10-19 21:10 

Zero Hedge

On This Day In History: The Fed Put Is Born...

Via Global Macro Monitor, Or, at least, went into labor... Wow, three decades and one year today, I was a young economist at the World Bank. My friend and I, now the chief economist at the FDIC, were graduate students and walked by the White House on our ...

 2018-10-19 20:55 

Zero Hedge

"Big-Ass Fight On The Horizon": Nearly Half Of All U.S. Troops Think Major War Is Coming...

A new poll conducted by Military Times and Syracuse University has found that nearly half of all active duty American troops believe the next major war is just around the corner . The poll results show about 46% of respondents think the U.S. will be drawn...

 2018-10-19 20:45 

Zero Hedge

Moody's Cuts Italy's Debt Rating To One Notch Above Junk...

Five months after putting Italy on downgrade watch, Moody's has seen enough and cut Italy's debt rating to Baa3 - one notch above junk status . Moody's Investors Service has today downgraded the Government of Italy's local and foreign-curr...

 2018-10-19 20:25 

Zero Hedge

Weekend Reading: Tax Cuts Saved The Economy?...

Authored by Lance Roberts via RealInvestmentAdvice.com, IBD recently penned an article touting the success of the recent tax cuts from the Trump administration. "The Treasury Department reported this week that individual income tax collections for FY ...

 2018-10-19 20:01 

Zero Hedge

China's National Team Rescues Global Stocks As Yuan Tumbles, Gold Gains...

Quite a week where Chinese, European, and US Stocks take huge rollercoaster rides to end unchanged... (with th every visible hand of China's National Team and the magically coincident sudden short-squeeze in the US)... China was looking seriously ugly...

 2018-10-19 19:45 

Zero Hedge

Not The Onion: Internet Memes Are Making Teenagers Fat...

Adding to unfit parents, "sexy at any size" fat-acceptance movements and the abundance of hormone-laden fast food in every corner of the world, there's a new culprit in town for teenage obesity; internet memes . According to five UK professors...

 2018-10-19 19:30 

Zero Hedge

'Meddling' In Midterms - DOJ Accuses Russian National Of "Information Warfare"...

On the eve of a planned trip to Moscow by National Security Advisor John Bolton to discuss election hacking, the Department of Justice unsealed an indictment Friday afternoon charging a Russian national for her alleged involvement with another "troll ...

 2018-10-19 19:15 

Zero Hedge

Trader: "Well I Think There's A Problem Here"...

For those looking for key market inflection points, BMO's Brad Wishak highlights a divergence that was a key tell for recent market action, and may portend even more pain in the coming weeks. Accordng to Wishak, one place that telegraphed the recent m...

 2018-10-19 19:00 

Zero Hedge

Caravan Showdown: Migrants Tear Down Guatemala Border Gate, Rush Towards Mexico...

Migrants in a 4,000-strong caravan traveling north from Central America have trampled the Guatemalan border and are currently preparing for a push into Mexico. BREAKING: The caravan has just broken through security at the Guatemala-Mexico border and are n...

 2018-10-19 18:44 

Zero Hedge

Stocks Hit With Massive Sell Order Just After 2PM...

Last Thursday, October 11, the market selloff accelerated shortly after 2pm when as we reported at the time , the market was unexpectedly hit with the biggest sell order since the May 2010 flash crash, when the NYSE uptick minus downtick index, hit a prin...

 2018-10-19 18:30 

Zero Hedge

Judge Dismisses Remaining Charges Against Paul Manafort...

Amid reports that former Trump campaign executive Paul Manafort has been spending an awful lot of time in the special counsel's office (visiting at least nine times in the last four weeks, according to CNN ), the Virginia judge who presided over the s...

 2018-10-19 18:15 

Zero Hedge

"These Are All Starting To Crack": Bank of America Spots 4 Bearish Anomalies...

In the latest Flow Show report from BofA's Michael Harnett, the Chief Investment Strategist notes that, as expected, there was a major flow capitulation during the last week following the worst rout in the market since February. To wit, there was a ma...

 2018-10-19 17:59 

Zero Hedge

Jim Kunstler: Welcome To The Long Emergency...

Authored by James Howard Kunstler via Kunstler.com, Feeling The Heat Yet? The loyal opposition is the party out-of-power in a polity that stands divided into two factions - assuming the polity can still function as such, which, apparently, it no longer ca...

 2018-10-19 17:49 

Zero Hedge

"Fake News" - Trump Denies Pompeo Heard/Saw Khashoggi Audio/Video...

It appears ABC News did it again ... Yesterday, ABC reported that according to a Turkish official, Secretary of State Mike Pompeo heard an alleged audio recording of Khashoggi's murder inside the Saudi consulate in Istanbul . ABC News proudly reported...

 2018-10-19 17:27 

Zero Hedge

"You're A Disaster, An Embarrassment To Your Parents" - CEO Rages At Goldman Analyst During Earnings Call...

And you thought Elon Musk lost it... During the earnings call this morning, Cleveland-Cliffs CEO Lourenco Goncalves, 60, unleashed a torrent of abuse at a Goldman Sachs analyst (as well as short-sellers) threatening to The call did not end well: "... ...

 2018-10-19 17:10 

Zero Hedge

Assange Sues Ecuador For "Violating His Fundamental Freedoms"...

Julian Assange is taking legal action against the government of Ecuador, accusing it of violating his "fundamental rights and freedoms". While this might appear like 'biting the hand that feeds and shelters you' Assange's lawyer notes ...

 2018-10-19 17:09 

Zero Hedge

Pound Spikes On Report May Willing To Drop Key Irish Border Demand...

The British Pound is spiking on the latest Bloomberg headline-cum- trial balloon from the neverending Brexit process according to which PM Theresa May is ready to compromise with the EU and ditch one of her key demands in order to resolve the "vexed&#...

 2018-10-19 16:56 

Zero Hedge

Italy Blinks? Rome Said To Consider Cutting Deficit Target To 2.1%...

In what may be confirmation that the recent turmoil in Italian bonds has finally spooked Italy's coalition government into "blinking" in its standoff with the EU Commission, newspaper Il Foglio reports that "some economic advisers" are...

 2018-10-19 16:45 

Zero Hedge

Dead-Cat-Bounce Dies Again - US Equities Dive Red After Strong Open...

China's National team rescued the world overnight... It all started so well... Today's rally pic.twitter.com/4k3bVVlvte — Joe Saluzzi (@JoeSaluzzi) October 19, 2018 Where's The PPT? And on the 31st anniversary of Black Monday too......

 2018-10-19 16:38 

Zero Hedge

Peso Pummeled To 6-Week Lows After Pompeo Comments...

The Mexican Peso has quickly extended yesterday's losses following remarks by US Secretary of State that US and Mexico "still have serious issues between them," indicating that they are " quickly reaching crisis levels on migrants at the b...

 2018-10-19 16:33 

Zero Hedge

The Canary In Coalmine: Bank OZK Plummets After Shock Commercial Real Estate Write Downs...

In what may be the deadest canary in the commercial real estate coal mine yet, Bank OZK shares have plunged 26% today after the bank reported abysmal third-quarter earnings that trailed expectations, with net income tumbling but what caught traders' a...

 2018-10-19 16:10 

Zero Hedge

"They're All Sitting By The Phone" - Amazon Revisits NYC, Chicago As HQ2 Decision Looms...

Long-simmering speculation that Amazon was leaning toward the Washington DC suburbs, either Montgomery County Maryland or somewhere in Northern Virginia, for its long-anticipated HG2 has just been dashed by a Wall Street Journal report claiming that Amazo...

 2018-10-19 15:51 

Zero Hedge

Pat Buchanan Fears Refugee Caravan Puts Trump's Legacy On The Line...

Authored by Patrick Buchanan via Buchanan.org, Our mainstream media remain consumed with the grisly killing of Washington Post columnist Jamal Khashoggi i n the Saudi consulate in Istanbul, and how President Donald Trump will deal with Crown Prince Mohamm...

 2018-10-19 15:30 

Zero Hedge

"He's A Great Guy": Trump Praises Montana Republican Who Body-Slammed Reporter...

President Trump praised Republican Congressman Greg Gianforte, who defeated Democrat Rob Quist in a special election for Montana's lone seat in the House during the spring of 2017, for an infamous incident where he was filmed body slamming a Guardian ...

 2018-10-19 15:13 

Zero Hedge

Bubbles, Balloons, Needles, And Pins...

Authored by Raul Ilargi Meijer via The Automatic Earth blog, It's no surprise that China has its own plunge protection team - but why were they so late? - now that Beijing blames its problems on Trump's tariffs. GDP growth was disappointing at 6.5...

 2018-10-19 14:51 

Zero Hedge

Texas Democrats Caught Mailing Pre-Filled Voter Registrations To Non-Citizens...

The Texas Democratic Party has been sending pre-filled applications to non-citizens with the citizen box marked "yes," according to new complaints filed Thursday by the Public Interest Legal Foundation. The organization notified district attorneys...

 2018-10-19 14:35 

Zero Hedge

Is Saudi Arabia About To Enter The Arctic Gas Game?...

Authored by Tim Daiss via Oilprice.com, Now that global oil markets have gotten used to Saudi-Russian oil production cooperation that first hit the scene in early 2017 in an effort to reign in global price concerns, it appears that the two fledgling allie...

 2018-10-19 14:14 

Zero Hedge

Kolanovic: Systematic Flows Explained Market Moves This Week - Here's What They Will Do Today...

Last Friday morning , just as markets were set for a powerful bounce after the biggest two-day drop since February, JPM's head quant Marko Kolanovic predicted that the recent selling pressure, which had come from option gamma hedging, was ending and n...

 2018-10-19 14:07 

Zero Hedge

Existing Home Sales Drop For 7th Straight Month As Homebuilders Stocks Collapse...

With US homebuilder stocks having their worst year since 2007, hope is high that September will show the long-awaited rebound in home sales (despite a soaring mortgage rate). After 'stabilizing'; unchanged in August, existing home sales were expect...

 2018-10-19 13:45 

Zero Hedge

Why The Mega Millions Jackpot Is Nothing But Another Tax On America's Poor...

With the Mega Millions Jackpot now nearly $1 billion, people, mostly those in the lower and middle classes, are coming out in droves and buying lottery tickets with hopes of striking it rich. After all, with $1 billion one can even afford healthcare in Am...

 2018-10-19 13:24 

Zero Hedge

Mercedes Massacre: Daimler Plummets After Slashing Outlook; European Auto Sector Crashes...

Three weeks ago, BMW stock tumbled after the German auto giant slashed revenue, profit and EBIT margin guidance blaming "trade conflicts" which are "aggravating the market situation and feeding uncertainty" as well as "distorting deman...

 2018-10-19 13:01 

Zero Hedge

Has China Finally Lifted Its Thumb Off Of Gold?...

Authored by Tom Luongo, There's a lot of talk about the Yuan price of gold falling out of a price suppression channel. Both Zerohedge and Nomura have weighed in on this. The Yuan price of gold surged overnight to above CNY 8500 per ounce which is a ma...

 2018-10-19 12:52 

Zero Hedge

Spanish Yields Blow Out Amid Italy Contagion As Italian Banks Scramble For Dollar Funding...

Contagion from the recent surge in Italian yields has spread, and is hitting Spanish 10Y yields which over the past 3 days have blown out from 1.65% to as high as 1.82% this morning, before paring some of the move, printing at 1.77% last which is still th...

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