Young Americans Trust Colleges More Than Police, Military, & Churches; Survey Finds

Young Americans Trust Colleges More Than Police, Military, & Churches; Survey Finds Tyler Durden Thu, 06/18/2020 – 15:30 Authored by McKenna Dallmeyer via Campus Reform, Young Americans trust colleges and universities more than the military, police, and churches, a new survey finds.  YouGov conducted a survey of 147 young Americans ages 18-29 from May 29-30. The broader survey interviewed 1,060 U.S. adults and grouped them in age groups of 18-29, 30-44, 45-64, and 65+.  The respondents were asked to rate their trust in key American institutions on an ascending scale of “none,” “a little,” “some,” and “a great deal.” Campus Reform reported[…]

Read more

Dalio’s Bridgewater Warns Of “Lost Decade” For Stocks

Dalio’s Bridgewater Warns Of “Lost Decade” For Stocks Tyler Durden Thu, 06/18/2020 – 15:10 At the end of January, when the news media was reporting of the first cases of an odd pneumonia-like diseases spreading in Wuhan, Ray Dalio appeared on CNBC during the annual billionaire pilgrimage to Davos, where he made a comment that would soon come back to haunt him: “You can’t jump into cash. Cash is trash.” “You can’t jump into cash. Cash is trash,” says @RayDalio. “You have to have a well-diversified portfolio, you have to be global, and you have to have balance…and you have[…]

Read more

When Will US Shale Rebound To Pre-Pandemic Levels?

When Will US Shale Rebound To Pre-Pandemic Levels? Tyler Durden Thu, 06/18/2020 – 13:00 Authored by Nick Cunningham via OilPrice.com, The rebalancing of the oil market has been possible, in part, due to the sharp cutbacks in U.S. shale production. But what happens next for the industry?  The latest data from the EIA estimates that production plunged by a colossal 600,000 bpd in the week ending on June 12, a massive decline that puts output down more than 2.6 million barrels per day (mb/d) from the weekly peak hit in mid-March (to be sure, monthly EIA data shows the U.S. hit a[…]

Read more

Tesla Model 3 In China Goes Up In Flames Due To “Unresponsive Brake System”

Tesla Model 3 In China Goes Up In Flames Due To “Unresponsive Brake System” Tyler Durden Thu, 06/18/2020 – 12:40 A Tesla Model 3 travelling through China reportedly crashed at high speeds and caught fire as a result of a braking system failure, according to USA Today and Chinese media outlet Sina.  The vehicle was reportedly traveling at 127 km/h before the driver lost control due to the braking system failure. As of now, it is unknown whether or not the driver survived the wreck.  Internet users are speculating that “a system upgrade automatically started while the car was driving” but no[…]

Read more

8 Reasons Why COVID-19 Damage To The Economy Will Be Deep And Lasting

8 Reasons Why COVID-19 Damage To The Economy Will Be Deep And Lasting Tyler Durden Thu, 06/18/2020 – 12:23 Authored by Yves Smith via NakedCapitalism.com, Too many people who should know better are taking a big bounce in retail sales as a sign that an economic recovery is well underway. It is, but only in the sense that going from the ICU to a hospital bed could also be defined as a recovery. In keeping, the Atlanta Fed’s GDPNow forecast for the second quarter has improved from negative 52.8% to a sunny negative 45.5%. Needless to say, a rebound from[…]

Read more

10 States See Record Numbers Of New COVID-19 Cases, Cuomo Mulls Quarantining Visitors From Florida: Live Updates

10 States See Record Numbers Of New COVID-19 Cases, Cuomo Mulls Quarantining Visitors From Florida: Live Updates Tyler Durden Thu, 06/18/2020 – 12:21 Summary: Italy reports uptick in deaths Cuomo mulls quarantine on Fla. NY reports 29 deaths Texas reports 7th straight record hospitalizations; Arizona reports record jump in cases 23 US states seeing rising case numbers Florida “has the makings of the next epicenter” NYC Mayor says city to enter ‘phase 2’ Monday Global case total tops 8.3 million Deaths top 447,000 Tokyo reports 41 infections World reports record jump in new cases, deaths Beijing top epidemiologist says outbreak[…]

Read more

What To Expect After Tomorrow’s Massive Option Expiration

What To Expect After Tomorrow’s Massive Option Expiration Tyler Durden Thu, 06/18/2020 – 12:00 In our preview of tomorrow’s massive, $1.8 trillion op-ex, which will be the third-largest non-December expiration on record, we quoted Goldman who said that as a result of a substantial amount of the open interest located below spot (largest concentration is at 2800-2900) “it is not immediately clear if this alone will have a material move on the market in the immediately preceding period”, and also whether this impact would be bullish or bearish. So if Goldman is correct, tomorrow’s should be generally a non-event. But[…]

Read more

NBC Facing “Considerable Backlash” After Pushing Google To Demonetize Conservatives, Trump Tweets

NBC Facing “Considerable Backlash” After Pushing Google To Demonetize Conservatives, Trump Tweets Tyler Durden Thu, 06/18/2020 – 09:50 During a Thursday morning flurry of tweets that broke a period of unusually light twitter activity, President Trump took aim at two of his favorite targets – NBC News, and Google – and slammed both companies for their ‘collaboration’ on trying to demonetize conservative news sites. Trump tweeted that NBC is facing “considerable backlash” for a reporter’s recent “collaboration” with far-left groups in the UK to try to get two media organizations, including Zero Hedge, demonetized on Google’s platform. .@NBCNews is facing[…]

Read more

Rabobank: “Bolton’s Book Marks Another Step Deeper Into The US-China Cold War”

Rabobank: “Bolton’s Book Marks Another Step Deeper Into The US-China Cold War” Tyler Durden Thu, 06/18/2020 – 09:30 Submitted by Michael Every of Rabobank Spy Kvetcher Excuse the repeat pun today, but there was no need to publish in Australia to avoid the Official Secrets Act: just leak the contents to journalists and, hey presto, the Bloomberg headline (so far) is “Book of Bolton”. Which, it must be said, lands some heavy blows on this US president. The particular hits the media are flagging are that Trump allegedly pleaded with China’s Xi Jinping to help him get re-elected, and was[…]

Read more

Fauci Fearmongers That Football May Not Happen This Year

Fauci Fearmongers That Football May Not Happen This Year Tyler Durden Thu, 06/18/2020 – 09:15 Just when you thought it was safe to socially-distanced, mask-wearing venture outdoors, and just a day after the English Premier League soccer reopened from its lockdown, America’s ‘Dr.Doom’ – Dr. Anthony Fauci – told CNN that the NFL may not happen this year… “Unless players are essentially in a bubble – insulated from the community and they are tested nearly every day – it would be very hard to see how football is able to be played this fall.” Football may not happen this year,[…]

Read more