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$2.5 Trillion Wiped Out As World Stocks Crash Most Since 2008
$2.5 Trillion Wiped Out As World Stocks Crash Most Since 2008 As we previously noted, S&P futures triggered a “level one circuit breaker” after falling 7%, which means trading will be halted for 15 mins. The movement of US equity futures today is likely crash, then halt, crash then halt. It’s only a matter of time […]
S&P Opens Down 7%, Triggers Circuit-Breaker – Halted For 15 Mins
S&P Opens Down 7%, Triggers Circuit-Breaker – Halted For 15 Mins As we noted pre-open, S&P futures were locked limit-down 5%, but as we noted SPY was trading down 7.5% in the pre-open and now that the cash S&P 500 has opened and tumbled 7%… it is now halted for 15mins as the first major circuit-breaker […]
Major Liquidity Crisis Likely As Covid-19 Spreads
Major Liquidity Crisis Likely As Covid-19 Spreads The corona-virus has the potential to foster a major liquidity crisis, call it a liquidity issue if you want but the system could be on its way to freezing up! People and companies may decide to, or be forced, to hoard the money they have when they begin to […]
“Calamity”: Nomura Warns Or VaR Shock Adding To “Untradeable Markets”
“Calamity”: Nomura Warns Or VaR Shock Adding To “Untradeable Markets” Over the weekend, in our initial response to the shocking Saudi “scorched earth” price war declaration, we said that “once Brent craters on Monday to the mid-$30s or lower, the accompanying implosion in 10Y yields could make the record plunge in yields seen on Friday a dress […]
Markets Implode, Coronavirus Cases In Europe & US Explode, As Outbreak Slows In South Korea: Live Updates
Markets Implode, Coronavirus Cases In Europe & US Explode, As Outbreak Slows In South Korea: Live Updates Update (0650ET): As case counts explode across Europe, it looks like Spain – conveniently, Europe’s fourth-largest economy – will be next to cross the 1,000-confirmed-case threshold. SPANISH CORONAVIRUS CASES JUMP TO 999: HEALTH MINISTRY The health ministry has also […]
Dual Coronavirus, Oil Shocks Crash World Markets, 10Y Yield Craters, Futures Pinned Limit Down
Dual Coronavirus, Oil Shocks Crash World Markets, 10Y Yield Craters, Futures Pinned Limit Down Global stocks plunged with the Emini locked limit down for the longest period on record, crude oil tumbled as much as 33% as WTI plunged as low as $27.34, and the yield on the 10Y Treasury crashed to an all time […]
Peter Schiff: Fed’s Response To Coronavirus Is Just “Delaying The Day Of Reckoning”
Peter Schiff: Fed’s Response To Coronavirus Is Just “Delaying The Day Of Reckoning” Peter Schiff appeared on the Quoth the Raven podcast (iTunes, Spotify, YouTube) on Friday, where he and host Chris Irons discussed the impact of the coronavirus on the economy, gold, bitcoin and why he thinks the Fed is not going to be able to stop […]
Assume Crash Positions: Goldman Cuts Brent Price Target To $30 “With Possible Dips Near $20”
Assume Crash Positions: Goldman Cuts Brent Price Target To $30 “With Possible Dips Near $20” When we discussed Saudi Arabia’s shocking decision on Saturday to reverse on years of prudent oil policy following Friday’s stunning collapse of OPEC+, with the kingdom now set to obliterate the OPEC cartel by flooding the market with heavily discounted oil in […]
The population problem problem
The population problem problem A while ago I wrote a post probing critically at the idea that human population levels were at the root of our contemporary environmental problems. It prompted various critical responses in turn, including this one from Alan Ware and Dave Gardner of World Population Balance that’s only just come to my attention. They published it […]
Pandemic Pandemania Causes Global Economic Crisis
Pandemic Pandemania Causes Global Economic Crisis Back in the oil-embargo recession of the early 70s when Boeing was Seattle’s economy and was laying off thousands of Seattleites, a billboard on the edge of town by Sea-Tac Airport read, “Will the last person leaving Seattle turn the lights out?” (Boeing had gone from 100,800 employees in 1967 to […]
Fed Chairman Confirms Fed’s Role As The Great Enabler
Fed Chairman Confirms Fed’s Role As The Great Enabler As questions swirl about the Fed’s independence Fed Chair Powell has been busy trying to explain his reason for the “emergency” 50bps rate cut. Regardless of what he says Fed Chair Powell has confirmed the Fed plans to continue its role as the great enabler. This […]
Lebanon Announces Default On $1.2BN Debt Payment In Historical First
Lebanon Announces Default On $1.2BN Debt Payment In Historical First Lebanon announced Saturday it will default on its Eurobond debt for the first time in its history. The protest-racked country has seen a recent change in government, banks opened for merely about half of the past few months, strict controls on hard currency withdrawals and transfers abroad amid a liquidity […]
Saudi Arabia Starts All-Out Oil War: MbS Destroys OPEC By Flooding Market, Slashing Oil Prices
Saudi Arabia Starts All-Out Oil War: MbS Destroys OPEC By Flooding Market, Slashing Oil Prices With the commodity world still smarting from the Nov 2014 Saudi decision to (temporarily) break apart OPEC, and flood the market with oil in (failed) hopes of crushing US shale producers (who survived thanks to generous banks extending loan terms […]
Coronavirus Conspiracy to Eliminate Paper Money?
Coronavirus Conspiracy to Eliminate Paper Money? Many people are starting to question why this coronavirus has been whipped up into a major panic when the annual flu kills far more people. Perhaps they have enlisted the conspiracy contingents who turn everything into the end of the world and are so eager to paint doom and […]
Shocking New Study Concludes That The “Best Case Scenario” For A COVID-19 Pandemic Is 15 Million Dead
Shocking New Study Concludes That The “Best Case Scenario” For A COVID-19 Pandemic Is 15 Million Dead Over the past week, the number of confirmed cases of COVID-19 outside of China more than tripled once again. Hopefully it is extremely unlikely that such a rapid growth rate will continue, because if it does, there will […]
