RSS Zero Hedge

  • A Wobbling Stock Market August 19, 2019
    Authored by Charles Hugh Smith via OfTwoMinds blog, A third period of heightened volatility shouldn't surprise us. Consider this chart of the SPX (S&P 500) over the past two years: take a look at the relative steepness of each of the red lines (rallies), the duration of each rally (purple lines), the blue boxes (volatile spots […]
    Tyler Durden
  • China Unveils Its Own Libor: How China's Interest Rate Reform Will Work August 19, 2019
    On August 17, China’s central bank unveiled detailed measures on its long-awaited interest rate reform by establishing a reference rate for new loans issued by banks to help steer corporate borrowing costs lower and support a slowing economy. As a key part of the rate overhaul, the Loan Prime Rate will become the new Benchmark […]
    Tyler Durden
  • Stocks Climb As Ross Confirms Another 90-Day Delay On Huawei Blacklist August 19, 2019
    Late on Friday, the Trump Administration made another unexpected concession to Beijing when the Commerce Department announced it would extend a reprieve given to Huawei permitting the Chinese firm to buy supplies from US companies so that it can continue to service existing customers. Now, on Monday, in an interview with Fox Business, Commerce Secretary […]
    Tyler Durden
  • Futures Soar, Treasuries Slide On German Stimulus Hopes, Chinese Rate Reform August 19, 2019
    It is a sea of green out there to start the week, and we have Germany's generous taxpayers and Chinese rate reform to thank for today's ramp. With central banks now almost out of ammo, every algo is attuned to even the faintest hint of fiscal stimulus, and nowhere more so than "stingy" Europe, which […]
    Tyler Durden
  • Germany Prepares Stimulus In Case Of "Deep Recession" August 19, 2019
    Nearly two weeks after Der Spiegel sent its first trial balloon about the prospects that the German government might crank up its fiscal stimulus if Europe's largest economy slides into recession (which, as we explained last week, is already on the cusp of doing), the trial balloons have crossed the Atlantic.  Bloomberg reported on Monday […]
    Tyler Durden
  • Canceling Student Debt Would Hurt US Economy: Survey August 19, 2019
    Bernie Sanders and Elizabeth Warren have been leading the pack of some two dozen Democratic primary contenders on a range of progressive issues. But here's one survey they probably don't want to see. According to a survey from the National Association of Business Economists, canceling Americans’ student debt, one of the most pressing domestic issues […]
    Tyler Durden
  • Man Accused Of Placing Fake Subway Rice Cooker Bombs Held On $200,000 Bail August 19, 2019
    The West Virginia man who allegedly intentionally created a bomb scare on the NYC subway - one of the busiest, and poorest functioning mass transit hubs in the country - will be held on $200,000 bond following his arrest and Sunday arraignment, the NY Post reports. Larry Griffin II, 26, is suspected of placing a pair […]
    Tyler Durden
  • US Sanctions Backfire, Lead To Boost In Russian Oil Exports August 19, 2019
    Authored by Irina Slav via Oilprice.com, U.S. sanctions against Venezuela and Iran have had an unplanned side effect: they have increased exports of heavy, sour crude from Russia, Bloomberg reports, adding that calculations have shown Russian oil companies raked in an additional US$905 million at least from these sales between November and July. The Urals blend is […]
    Tyler Durden
  • Project Fear Returns: 'Leaked' Report Shows UK Faces Food, Fuel, & Drugs Shortages In No-Deal Brexit August 19, 2019
    Though some small details have leaked over the past year, the British public has never seen the entirety of its government's plan for coping with a 'no deal' Brexit. But with that outcome looking increasingly likely, the Sunday Times has managed to get its hands on what appears to be a nearly complete dossier on […]
    Tyler Durden
  • Epstein Prison Guards "Not Cooperating" With DOJ Probe  August 19, 2019
    Employees at the Manhattan Metropolitan Correctional Center where convicted pedophile Jeffrey Epstein reportedly took his own life last week are not cooperating with the Justice Department investigators according to Fox News.  Two senior DOJ officials sent by Attorney General William Barr have been on-site at MCC while the agency's Inspector General investigates the situation. According to a […]
    Tyler Durden
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