“Haven Of Last Resort” – Goldman Sees Gold At $1800 Due To Virus & Bernie Sanders Fears Over the past two weeks gold has surged higher, in line with the decline in long-term bond yields and global equity sell-off as new cases off Covid-19 in Europe and the Middle East threaten to curtail global economic …

CDC Confirms First US Coronavirus Case Of ‘Unknown Origin’: Live Updates Summary: CDC confirms first case of ‘unknown origin’ in US CDC reports 6 new cases among repatriated Americans WaPo reports Northern California has 16th US case, says it’s first of “unknown origin” and risks local spread 83 being monitored in Nassau County Orange County …

Scientists Discover HIV-Like “Mutation” Which Makes Coronavirus Extremely Infectious While mainstream scientists continue to perform mental gymnastics to insist that the new coronavirus wasn’t man-made, new research from scientists in China and Europe reveal that the disease happens to have an ‘HIV-like mutation’ which allows it to bind with human cells up to 1,000 times …

U.S. Intelligence Is Intervening In The 2020 Election Authored by Jefferson Morley via TruthDig.com, President Trump’s ongoing purge of the intelligence community, along with Bernie Sanders’ surge in the Democratic presidential race, has triggered an unprecedented intervention of U.S. intelligence agencies in the U.S. presidential election on factually dubious grounds. Former CIA director John Brennan …

A Great Debate Emerges On Wall Street: Are Men Or Machines Behind The “Panic Selling”? Over the past few days, we have carefully tried to put together the pieces of the “liquidation puzzle”, to find out i) just who is selling, whether machines or people or some combination of both, and ii) is there more …

President Trump Appoints VP Pence As Coronavirus Czar, Stocks Slide Update (1845): In his long-awaited press conference, President Trump defended the White House’s response to the coronavirus outbreak, insisted that he would accept whatever amount of crisis-response funds approved by Congress and appointed VP Mike to be his “Coronavirus Czar”. In the middle of Trump’s …

Leaked Docs Reveal Covid-19 Infections Up To 52 Times Higher Than ‘Official’ Figures In China’s Shandong Province Authored by Nicole Hao via The Epoch Times, The novel coronavirus outbreak in eastern China’s Shandong province is much worse than the officially reported, according to a series of internal government documents obtained by The Epoch Times. Between Feb. 9 to 23, Shandong …

Paying The Price For Our Faustian Bargain With China Authored by Charles “Sam” Faddis via AndMagazine.com, “Faustian bargain, a pact whereby a person trades something of supreme moral or spiritual importance, such as personal values or the soul, for some worldly or material benefit, such as knowledge, power, or riches.” Roughly forty years ago we …

Japan Cancels Sport And Cultural Events Amid Concerns Olympics Could Be Canceled  With the 2020 Tokyo Summer Olympics scheduled to begin on July 24, Japan has already started canceling sport and cultural events amid the broadening of the Covid-19 outbreak.  Tokyo’s Yomiuri Giants baseball team is expected to play two preseason games in an empty stadium to …

At Least 7 Dead In Mass Shooting At MillerCoors Milwaukee HQ Milwaukee police are responding to reports of an active shooting on the campus of the MillerCoors headquarters, according to a local radio station. There are multiple victims, and the suspect has reportedly been neutralized. MPD confirms: Active “situation” at MillerCoors headquarters. We’re hearing reports …

McKinsey Publishes Handy ‘How To Survive The Coronavirus’ Guide For Corporations & Governments Consulting firms – particularly the elite private firms like McKinsey and BCG – are supposed to earn their keep during crises, at least in theory. Aside from helping companies ‘streamline’ their operations (i.e. justify painful job cuts), it’s really their only utility. …

“You Had To Be Fairly Wealthy”: $1,750 To $3,200 ​​​​​​​Ticket Prices For Dem Debate Spark Disgust Authored by Jake Johnson via CommonDreams.org, Unusually loud booing and jeering directed disproportionately at Sens. Bernie Sanders and Elizabeth Warren during Tuesday night’s Democratic presidential debate — particularly when the senators criticized billionaire businessman Michael Bloomberg — sparked probing questions about the class …

China’s “Whatever It Takes” Moment (May Not Be Enough) The COVID-19 outbreak is dealing a severe blow to China’s economy. Small- and medium-sized enterprises (SMEs) with tiny profit margins are especially bearing the brunt, but the impact is widespread, with the latest data point merely adding to concerns that, despite all the talk that Chinese …

Socialism In Education Authored by Jacob Hornberger via The Future of Freedom Foundation, It would be virtually impossible to find a better example of socialism here in the United States than the public schooling systems that exist in every U.S. state. Ironically, it is this socialist system that is primarily responsible for the widespread belief …

Microsoft Slides After Cutting Personal Computing Guidance Due To Coronavirus; Intel Dragged Lower After trying hard to ignore the deadliest global pandemic in decades, and pretending it would have no impact on future sales or demand, US corporations are starting to fall like viral dominoes, with one after another slashing guidance. The latest to join …

The End Of The Beginning Or The Beginning Of The End? Authored by Ryan Selkis via Messari.io, I don’t consider myself superstitious or paranoid, but this past week I’ve had a rare combination of bad omens, sleepless nights (I *never* have sleep issues), and intuitions that have left me convinced we may truly be at …

Dip-Buyers Battered As Stocks, Bond Yields, & Oil Plunge Intraday NY Gov Cuomo summed things up best today “no need for undue fear…” which we suggest is the same theme that President Trump will proclaim at 6pmET. TBH it all reminds us of ‘The Naked Gun’… And sure enough, the overnight exuberance in futures and …

Global Times Editor Trolls US – Says “Many Doubt” Virus Cases At 57 Global Times editor Hu Xijin is trolling the US on Wednesday morning, tweeting that “the US is the country with potential large uncertainties,” referring to the possibility that the Covid-19 outbreak is much worse than reported in headlines.  Xijin is feeling more …

“Everything Is Tactical” – Trader Fears Very Binary Scenario Here Authored by Sven Henrich via NorthmanTrader.com, Several key discussion items: Is this correction the beginning of something larger to come? What’s the downside risk? What’s the long trade set-up now that markets have flushed hard? Is there one? How we will know something larger may …

Honeymoon’s Over: Tesla And Panasonic Officially End Buffalo Solar Panel Partnership Just when it looked as though the state of New York couldn’t get any worse of a return on its investment in Tesla, it was announced overnight that Tesla had ended its partnership with Panasonic to produce solar panels at its taxpayer-funded factory in Buffalo.  Panasonic …

Rabobank: We Simply Don’t Have Enough Hospitals Or ICU Units Anywhere Submitted by Michael Every of Rabobank Markets have finally woken up to the threats being presented by COVID-19, which comes on top of what was hardly a healthy global economy. Yesterday saw the S&P down a further 3% to 3,128 and the Dow down …

Trump Campaign Sues New York Times For Libel The 2020 Trump campaign has sued the New York Times for libel over a March 2019 opinion piece by former executive editor Max Frankel which peddled “as fact a conspiracy with Russia.” The lawsuit asserts that the article, “The Real Trump-Russia Quid Pro Quo,” describes how there …

Our Triple-C Rated Economy: Complacency, Contradictions, And Corona Authored by Michael Lebowitz and Jack Scott via RealInvestmentAdvice.com, “I got my toes in the water, ass in the sand Not a worry in the world, a cold beer in my hand Life is good today, life is good today”  – Toes, Zac Brown Band The economic …

Russia Slams US For Floating ‘Truce’ Talks With Terror Groups In Idlib Russia says the United States and other UN members are floating the idea of establishing a “truce” with anti-Assad jihadist groups now battling Syrian and Russian forces in Idlib.  The problem is, as Moscow pointed out, these groups which are also bolstered by thousands of …

Gartman Was Right – BTFD Fails As Stocks Slump Into Red After trading up over 500 points, the Dow is back in the red as BTFDers have failed once again. All the majors are in the red! It’s been a dip-buying-famine… Traders are unsure of the immediate catalyst (just as many scratched their heads at …

How Many Cases Of Covid-19 Will It Take For You To Decide Not To Frequent Public Places? Authored by Charles Hugh Smith via OfTwoMinds blog, As empty streets and shelves attest, people taking charge of risk has dire economic consequences. How many cases of Covid-19 in your community will it take for you to decide not to …

Watch Live: ‘Bloomberg Bashing’ Round II At South Carolina Democrat Debate After being savaged in the previous Democratic presidential candidate debate, all eyes will be billionaire Mike Bloomberg to see if he can recover tonight and his campaign is definitely coming out swinging as Bernie dominates the pack. Seven Democratic presidential candidates qualified for the …

The Grim Reality About Pandemics They Don’t Want You To Know: “No Country Is Prepared” Authored by Sara Tipton via ReadyNutrition.com, It’s been 100 years since the Spanish Flu caused a global pandemic. While the WHO would like you to rest easy right now given their belief that Covid-19 is not currently a global pandemic threat, …

NYC Hotel Loans Defaulting At Alarming Rate As Room-Rates Plunge, Tourism Tumbles More and more New York City hotels are defaulting on their mortgages, signaling an alarming trend in the industry as “challenging market fundamentals” and new supply act as headwinds for the industry.  This has resulted in room rates declining and sites like Airbnb …

Why Governments Hate Secession Authored by Ryan McMaken via The Mises Institute, When the Soviet Union began its collapse in 1989, the world witnessed decentralization and secession on a scale not seen in Europe since the nineteenth century. Over the next several years, puppet regimes and states-in-name-only broke away from Soviet domination and formed sovereign …