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Elon Musk Is Reportedly Moving To Texas Tyler Durden Fri, 12/04/2020 – 15:39 Back in May, amid reports that he was considering the Lone Star State for the location of his next Gigafactory, we asked whether or not Tesla CEO Elon Musk might move to Texas. That answer appears to be yes. Photo: The Real…

The Energy Rally Is Likely Premature Tyler Durden Fri, 12/04/2020 – 15:26 Authored by Lance Roberts via RealInvestmentAdvice.com, The rally in energy companies is likely premature. To understand why such may be the case, we have to review a bit of history. In 2013, I began warning about the risk to oil prices due to the…

Newsom Places California Under 3-Week Stay At Home Order, CDC Chief Says COVID “Greatest Public Health Crisis In A Century”: Live Updates Tyler Durden Thu, 12/03/2020 – 15:38 Summary: Arizona sees record deaths Italy sees record deaths More record numbers out of NY, NJ NYC mayor announces new institute devoted to pandemic response Dr. Fauci…

Matt Taibbi: Don’t Trust The News Tyler Durden Thu, 12/03/2020 – 15:35 Authored by Adam Taggart via PeakProsperity.com, “If you don’t read the newspaper, you’re uninformed. If you do, you’re misinformed.” ~ Mark Twain (apocryphal) If you feel you can’t trust the news anymore, you have good reason. Award-winning – and newly independent – journalist Matt…

Stock Valuations Surpass 1929 Levels Tyler Durden Thu, 12/03/2020 – 15:20 As DB’s Jim Reid wrote in his Wednesday chart of the day, “one chart that I’ve used in various forms ever since I read “Irrational Exuberance” by Robert J. Shiller back in March 2000 is the S&P 500 CAPE ratio of the S&P 500.…

Wisconsin Governor Says Trump Trying To ‘Seize’ Electoral Votes Tyler Durden Wed, 12/02/2020 – 15:30 President Trump’s late Tuesday attempt to overturn Wisconsin’s election results is an “assault on democracy,” according to attorneys for Democratic Gov. Tony Evers in a filing with the state Supreme Court. The filing comes as the highest court in the…

Just How Frothy Is The Stock Market? Tyler Durden Wed, 12/02/2020 – 15:10 Authored by Bill Blain via MorningPorridge.com, As 25,000 UK retail workers get set to join the dole queues – the stock market remains in party mode. Not right is it? Now that bond yields have been repressed to nothing, it’s unsurprising the…

CDC Shortens Recommended COVID Quarantine To 7-10 Days; Cuomo Says 170k COVID Vaccine Doses Headed To NY: Live Updates Tyler Durden Wed, 12/02/2020 – 15:06 Summary: CDC makes 7-10 day quarantine official NJ hospitalizations highest since May peak Cuomo says 170k Pfizer vaccine doses will arrive in NY Dec. 15 Illinois sees decline in new…

Durham Gets Special Counsel Upgrade ‘To Protect’ Russiagate Origins Investigation Tyler Durden Tue, 12/01/2020 – 15:41 Attorney General William Bar has upgraded US Attorney John Durham to special counsel, affording him extra protection against a Biden administration canceling his investigation into the origins of the FBI/DOJ Trump-Russia probe – which cost taxpayers over $40 million…

IBM Slides As Amazon “Lays Groundwork” For Own Quantum Computer Tyler Durden Tue, 12/01/2020 – 15:37 IBM stock is down following news that one of its top competitors in the quantum computing space, Amazon, is laying the groundwork for a quantum computer of its own. According to Bloomberg, Amazon has been hiring for a Quantum…

Bulls Are Readying Shopping List Beyond Christmas Tyler Durden Tue, 12/01/2020 – 15:25 By Jan-Patrick Barnert and Michael Msika, macro commentators at Bloomberg As investors enter the final month of a roller-coaster year for markets, the view ahead appears rosy whether you ask economists, portfolio managers or strategists. With few alternatives to equities on the…

“I Still Travel, I Don’t Wear A Mask”: Oregon Nurse Suspended Over TikTok Video Dismissing COVID-19 Precautions Tyler Durden Mon, 11/30/2020 – 15:25 An Oregon nurse was suspended over a TikTok video in which she bragged about shunning various pandemic restrictions and recommendations. “When my co-workers find out I still travel, don’t wear a mask…

Peter Schiff: Gold Stands The Test Of Time Tyler Durden Mon, 11/30/2020 – 15:05 Via SchiffGold.com, Peter Schiff spoke with Jay Martin backstage at the Cambridge Gold Summit. During the discussion, Peter and Jay took a step back from the immediate market volatility and news of the day to look at the big picture. Gold…

Wall Street Democrats Distancing Selves From Georgia Runoff To Avoid Biden Tax Hikes Tyler Durden Mon, 11/30/2020 – 14:46 The prospect of Democrats regaining control of the Senate following Jan. 5 runoff elections in Georgia has caused some deep-pocketed Wall Street Democrats to secretly wish defeat on their party’s candidates, according to Bloomberg. The reason?…

OPEC+ Fails To Agree On Output Hike Ahead Of Big Meeting With UAE, Kazakhstan Opposed Tyler Durden Sun, 11/29/2020 – 15:28 One day before a crucial OPEC meeting which could determine if oil trades above $50 or back under $40 in the coming weeks, a panel of OPEC+ ministers failed to reach an agreement on…

Michael Flynn Says Coup Against Trump Still In Progress In First Public Remarks Since Pardon Tyler Durden Sun, 11/29/2020 – 15:20 Authored by Melanie Sun via The Epoch Times, Retired Lt. Gen. Michael Flynn said there is “still a coup in progress” against President Donald Trump in his first public address since being pardoned by the president.…

US Carrier Strike Group Heads To Gulf As Iran Threatens Retaliation Tyler Durden Sun, 11/29/2020 – 14:55 The nuclear-powered USS Nimitz aircraft carrier and its strike group are in transit to the Persian Gulf where it will oversee the Trump-ordered withdrawal of up to 5,000 American troops from the region in the coming weeks and…

Iconic Shopping Tradition Dies As “Blasé Friday” Means No More Stampedes Or Frenzied Crowds Tyler Durden Fri, 11/27/2020 – 15:30 With the post-Thanksgiving shopping frenzy having already been downgraded to “Blasé Friday” in prior years due to the continued devastation of bricks and mortar retail, it will hardly come as a surprise that today –…

The Frightening Ease Of Government Overreach Tyler Durden Fri, 11/27/2020 – 15:05 Authored by H.P.Smith via AmericanThinker.com, On the eve of Thanksgiving, I am reading the news as I have my coffee, as is my regular morning routine, and much of what I read is about the recently reimposed restrictions on multiple aspects of our…

Chicago University Economic Thinktank Poll: Forgiving Student Loans Likely A “Net-Regressive” Idea Tyler Durden Fri, 11/27/2020 – 14:40 The widely respected Initiative on Global Markets is a research center at the University of Chicago Booth School of Business that’s well known for weekly polls “it conducts of its Economics Experts Panel, a panel of 51…

Doctors Warn Side Effects From COVID-19 Vaccine “Won’t Be A Walk In The Park” Tyler Durden Wed, 11/25/2020 – 15:25 Fevers, sweats, migraines and muscle aches that last for days – these are just some of the symptoms reported by various ‘Phase 3’ trial participants who volunteered for the vaccine trials run by Pfizer, Moderna…

Fed, IMF Sound Warning That More QE Could Lead To “Unintended Consequences” Tyler Durden Wed, 11/25/2020 – 15:21 Five years ago we wrote that the world’s most exclusive club has eighteen members. They gather every other month on a Sunday evening at 7 p.m. in conference room E in a circular tower block whose tinted…