ZeroHedge Search

Third month of declines... 

China's government has been quietly loosening policy more than what it may appear by looking at the magnitude of rate and RRR cuts.

"Imports from China plummeted nearly 50% in February..."

...(the experts we have been told to obey) do not have sufficient knowledge of the consequences of their “solutions” for the economy and society to know what the costs will be.

While the supply effects are prevailing at the moment, the demand effects may last for years...

ACT is now estimating that 2020 production is going to be 53% lower than the 345,000 build in 2019...
 

“...the recession has now arrived.”

In its latest unprecedented economic bailout program, the Fed on Thursday took additional actions to provide up to $2.3 trillion in loans to support the economy

The Fed is ready to support the economy, it has near-limitless powers to do so, and it doesn't foresee withdrawing support any time soon.

Helicopter money has arrived, with the UK Treasury now taking de facto control of the central bank.

Is JPMorgan expecting a wave of defaults to hit America in the coming days?

"It is clear that the primary purpose of the capacity reductions [is] to prevent a catastrophic drop in rate levels." 

NBA Commissioner to make a decision on the resumption of the season played in 'isolation' till May.

Approximately 18 million Americans - 11% of the labor force - have filed for unemployment benefits in the past three weeks.

"Forbearance requests grew by 1,270% between the week of March 2 and the week of March 16, and another 1,896% between the week of March 16 and the week of March 30." - MBA

Just 69% of tenants paid any rent between April 1 and 5...

But calls for a Debt Jubilee are not limited to just emerging markets...

Pelosi and Senate Democratic Leader Chuck Schumer are demanding that more aid for hospitals, local governments and food assistance be added to the small business aid proposal

"This is the worst external shock in anyone's living memory; it is as if a meteor hit the Earth and now we have to put it back on its axis." 

We are now in a crisis of epic proportions... But, how massive can the crisis eventually get?