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FBI Investigating Whether Hunter Biden Emails, Photos Were Part Of “Russian Influence Operation” Tyler Durden Fri, 10/16/2020 – 16:00 That didn’t take long at all. Two days after the NY Post published its first bombshell exposé including never-before-seen emails and photos detailing Hunter Biden’s shady business dealings and drug-addled personal life, the Associated Press has…

Slouching Towards The Socialist States Of America Tyler Durden Thu, 10/15/2020 – 16:20 Authored by Chris Farrell via The Gatestone Institute, Attorney General William Barr is on a Capitol Hill whispering campaign to select Republicans, telling them that US Attorney John Durham will not move against the anti-Trump coup plotters before election day. One wonders if he…

Banks, Big-Tech, & Black Gold Bust As Bitcoin & Bond Yields Bounce Tyler Durden Thu, 10/15/2020 – 16:00 A 3rd day lower in a row for big-tech-heavy Nasdaq… US equity markets tumbled overnight on the back of reaccelerating COVID cases and the concomitant lockdowns across Europe. Once the US cash markets opened, we were off…

Massive WHO Study Shows Remdesivir Doesn’t Lower COVID-19 Mortality Tyler Durden Thu, 10/15/2020 – 15:55 Another speedbump has emerged in the drive to produce reliable COVID-19 therapeutics as a highly anticipated WHO drug trial called Solidarity found that Gilead’s COVID-19 treatment, remdesivir, had no substantial effect on a COVID-19 patient’s chances of survival. It also…

WTI Holds Above $41 After Large Crude & Product Inventory Draws Tyler Durden Wed, 10/14/2020 – 16:35 Oil prices rallied today on the back of a weaker dollar and somewhat optimistic report from IEA, which decided to leave its 2020 forecast for oil demand unchanged at 91.7 million barrels per day while painting a picture…

Why We’re Doomed: Our Delusional Faith In Incremental Change Tyler Durden Wed, 10/14/2020 – 16:20 Authored by Charles Hugh Smith via OfTwoMinds blog, Better not to risk any radical evolution that might fail, and so failure is thus assured. When times are good, modest reforms are all that’s needed to maintain the ship’s course. By “good…

Mapping The Uneven Recovery Of US Small Businesses Tyler Durden Tue, 10/13/2020 – 16:40 Small businesses are the backbone of the U.S. economy, employing nearly half of the private sector workforce. Unfortunately, as Visual Capitalist’s Nick Routley details below, lockdown and work-from-home measures brought about by COVID-19 have disproportionately affected small businesses – particularly in…

Our Simulacrum Economy – Not Fake, But Profoundly Unstable Tyler Durden Tue, 10/13/2020 – 16:20 Authored by Charles Hugh Smith via OfTwoMinds blog, In the hyper-real casino, everyone has access to the terrors of losing, but only a few know the joys of the rigged games that guarantee a few big winners by design. Readers…

Banks Bust, Bullion Battered, But Big-Tech Bid (Again) Tyler Durden Tue, 10/13/2020 – 16:02 Another day, another Nasdaq-Whale-driven gamma-squeeze in Nasdaq as the rest of the market deteriorated, giving back a lot (if not all) of yesterday’s gains (Small Caps red from Friday)… While Nasdaq ended very marginally lower on the day, it outperformed significantly…

How We Institutionalized Incompetence Tyler Durden Mon, 10/12/2020 – 16:40 Authored by Charles Hugh Smith via OfTwoMinds blog, And so we face the ultimate irony: ‘bailing-out-everything’ destroys the entire rotten system. You’ve probably noticed things no longer work as well as they once did. For example, the store’s online inventory says something is in stock and…

Dan Loeb Wins? Disney Announces Reorganization, Will Focus On Video Streaming… But Keeps Dividend Tyler Durden Mon, 10/12/2020 – 16:31 In what may be the fastest successful activist campaign ever, just 3 work days after Dan Loeb lobbed a letter at Disney, urging the company to DITCH its $3 billion annual dividend and instead to…

Gartman: It Does Appear That Biden Is Going To Win The Presidency Tyler Durden Mon, 10/12/2020 – 16:20 In what may prove to be an ill omen for Joe Biden, Dennis Gartman – who no longer publishes his Gartman Letter but appears in official capacity as chairman of the University of Akron Endowment Investment Committee…

ANTIFA Is Compiling Lists Of “Fascist” Businesses For Yelp’s New “Racist Behavior Alerts” Tyler Durden Sun, 10/11/2020 – 16:35 It was less than 48 hours ago that we pointed out that “review” website Yelp was getting into the business of social justice by saying it would append a “Business Accused of Racist Behavior Alert” to any businesses page…

Yuan Slides After China Makes It Easier To Short Currency, Signals “Discomfort” With Recent CNY Surge Tyler Durden Sun, 10/11/2020 – 16:14 On Friday, following its week-long Golden Week (National Day) holiday, we noted that the onshore yuan (CNY) which had not traded since the previous Friday, soared the most since China’s 2005 de-pegging –…

Hedge Fund CIO: “Why Would Our Political Parties Oppose Trillions In Stimulus When These Create No Real Pain” Tyler Durden Sun, 10/11/2020 – 16:10 By Eric Peters, CIO of One River Asset Management “I would like to see a bigger stimulus package frankly than either the Democrats or the Republicans are offering,” said President Trump…

Jim Comey Ignored State Department Whistleblower On Hillary’s Crimes With Classified Material Tyler Durden Sat, 10/10/2020 – 16:00 Authored by Larry Johnson via Sic Semper Tyrannis blog, One year before Jim Comey was immersed in his plot to overthrow Donald Trump, the duly elected President of the United States, a brave Foreign Service Officer at…

Biden Will Hike The Top Capital Gains Tax Rate To 39.6%: What That Means For Markets Tyler Durden Sat, 10/10/2020 – 15:30 Over the past few weeks, Wall Street has been busy carefully restructuring the post-election narrative to one where the tax hikes under a Biden presidency would actually be bullish for risk assets. As…

ESPN To Make Sweeping Layoffs In Effort To Save “Tens Of Millions” In Salaries Tyler Durden Fri, 10/09/2020 – 16:40 Things look like they are going just splendidly in the world of sports in 2020. In addition to having to deal with the public’s incessant fear of coronavirus (despite the fact that none of the…

The Guiding Principle Of Our Time – CYA! Tyler Durden Fri, 10/09/2020 – 16:20 Authored by Louis-Vincent Gave via Gavekal Research, What is the dominant guiding principle of western societies today? At the risk of sounding crass, let me suggest that it is the “cover your ass” or CYA principle. This principle has always been…

Stimulus-Hyped Short-Squeeze Sparks Best Week For Stocks In 4 Months, USD Dumps Tyler Durden Fri, 10/09/2020 – 16:00 Between Fed promises and stimulus hype, the market keeps powering higher… Since Trump’s flip-flop on negotiating a COVID relief deal, stocks and gold have surged back and the dollar has weakened… Dow rallied back into the green…