The Twittards have banned Zero Hedge.
The libertarian financial website Zero Hedge was permanently suspended from Twitter on Friday after it published an article questioning the involvement of a Chinese scientist in the outbreak of the deadly novel coronavirus.
Bloomberg harasses ZH and their namesake gets to run for President. ZH asks questions about an international incident and they get cut off. (Of course, being kicked off Twitterland is its own reward).
Interesting time too, Mr. Dorsey. More recession signs flash.
The world’s largest bond market looks set for yet another bout of fear-induced trading next week, and this one could drive yields back to the panicky lows reached a few months ago.
The rising toll and rapid spread of the Wuhan coronavirus has strengthened demand for safe assets, sending Treasuries back to levels last seen when investors were fixated on recession risks. The yield curve re-inverted this week. The benchmark 10-year is close to slipping below 1.5% for the first time since early September, while the 30-year dipped below 2% on Friday.
It may not take a lot to rush through these levels, but a lot is certainly on the way. China’s stock market will open under duress as authorities struggle to contain the coronavirus. On the political front, attention turns from U.S. President Donald Trump’s impeachment trial to the Iowa caucuses and the popularity of the Democratic Party’s progressive wing. Hopes that a report will show a recovery at U.S. factories are looking dicey. And that’s just Monday.
That’s the kind of story that ZH would love to Tweet to the Tweeties. Twits.