From Zero Hedge

  • Iran Satellite Launch Fails After Defying US Warnings

    Iran on Tuesday conducted at least one of two planned satellite launches despite warnings from the United States, however the satellite failed to reach the "necessary speed" in its third stage and did not enter orbit, according to an official. 

    The rocket carrying the Payam satellite failed to reach the "necessary speed" in the third stage of its launch, Telecommunications Minister Mohammad Javad Azari Jahromi said.

    Jahromi said the rocket had successfully passed its first and second stages...

  • Crypto-Bubble: Will Bitcoin Bottom In February Or Has It Already?

    Authored by Michelle Jones via,

    The new year has been relatively good for the price of bitcoin after a spectacular collapse of the cryptocurrency bubble in 2018. It’s up notably since the middle of December and traded around the psychological level of $4,000

  • WTI Dips After Smaller Than Expected Crude Draw

    Oil prices rebounded from yesterday's drop (after China stimulus chatter) despite the U.S. Energy Information Administration trimming its forecast for 2019 petroleum demand slightly in a monthly report released today.

    “The Chinese are throwing everything they can" at their economy, said John Kilduff, founding partner at hedge fund Again Capital LLC.

    “That’s the big key to oil markets, especially when you have OPEC and Russia starting to rein in production."


    Crude -560k (-2.5mm exp)


  • Something Wicked This Way Comes

    Authored by John Mauldin via,

    For a couple of years now, the economic narrative has shown a comparatively strong US against weakness in Europe and some of Asia (NOT China). The US, we are told, will stay on top. I agree with that, as far as it goes

  • Entire 'Market' Rallies On NFLX Price-Hike

    The House of Commons to Theresa May

  • Chicago Pawn Shop Owner Sees Flood Of Federal Employees Amid Shutdown

    Chicago pawn shop owner Randy Cohen says 10 to 20 federal employees have been coming in every day in order to keep paying their bills amid the partial government shutdown, reports CBS Chicago. 

    Over 45,000 Illinois federal employees received $0 paychecks last Friday, forcing one worker to pawn off his prized van. 

    "Oh he loves this thing. You should’ve heard what he put into it. He put a satellite TV, a sound system and a sunroof back there," said Cohen, who sold it for $6,500.


  • Potential US Presidential Contender Thinks "Your Money" Is In The "Wrong Hands"

    Authored by Simon Black via,

    Grab your wallets. Bill de Blasio, the Mayor of New York City, may be lining up a presidential run. And in his State of the City speech last Thursday, he gave us a peak of what the future could have in store

  • Race-Baiting CNN Analyst Slams Host For "White Privelege", Then Discovers He's Black

    CNN legal analyst Areva Martin had a race-baiting fail after accusing SiriusXM radio host and Fox News contributor David Webb of "white privilege" during a debate on his Monday morning radio show 

    David WebbWhile discussing a recent controversy stoked by Rep. Alexandria Ocasio-Cortez (D-NY) over CBS failing to hire any black journalists to cover the 2020 election, Webb asked Martin what she thought. 

    Martin said she agreed with Ocasio-Cortez that it was unacceptable for media outlets to claim...

  • Buchanan: Is Bolton Steering Trump Into War With Iran?

    Authored by Patrick Buchanan via,

    “Stop the ENDLESS WARS!” implored President Donald Trump in a Sunday night tweet.

    Well, if he is serious, Trump had best keep an eye on his national security adviser, for a U.S. war on Iran would be a dream come true for John Bolton.

    Last September, when Shiite militants launched three mortar shells into the Green Zone in Baghdad, which exploded harmlessly in a vacant lot, Bolton called a series of emergency meetings and directed the Pentagon...

  • Wall Street Is Convinced A Recession Is Imminent... But Doesn't Want To Admit It

    The latest BofA Fund Managers Survey, which took place between Jan 4-10 or just after the worst December for the S&P since the Great Depression, and polled a total of 234 panelists with $645bn AUM, investors’ expectations for global GDP growth continue to fall, as net 60% of those surveyed think global growth will weaken over the next 12 months, the worst outlook on the global economy since July 2008 and below the trough in Jan. 2001. In fact, as BofA's Michael Hartnett observes, FMS Global...

  • Trump Serves Clemson Football Champions Sprawling Fast-Food Feast

    As per tradition, the White House was expected to host the NCAA football champions for a dinner with the president this week. But there was one problem: Because of the partial government shutdown, most of the White House kitchen staff had been furloughed.

    So President Trump came up with an alternative: He ordered, and personally paid for thousands of dollars in McDonald's, Burger King, Wendy's and Dominoes, then invited the Clemson Tigers to toss aside their nutritionist-inspired inhibitions...

  • Venezuela And Turkey Unite To Refine Tons Of Gold Amid US Sanctions

    Authored by Ragip Soylu via Middle East Eye,

    Venezuela's minister of industries and national production will finalise the deal during a visit to Turkey on Wednesday

    Venezuela and Turkey are working on a deal to ship tonnes of gold to refine and certify in the Turkish city of Corum this year.

    Facing sanctions and international pressure, Venezuela is increasingly turning to Turkey as a partner in the Middle East. Ankara will provide a host of services to Caracas, including building hospital...