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NYC Landlords Wage War Against Remote Working Tyler Durden Sat, 08/29/2020 – 16:40 New York City’s biggest landlords have a major dilemma; that is, companies like Citigroup, JP Morgan, Google, Twitter, and Facebook all encouraged their employees to work remotely from home, which will result in a slower economic recovery.  Jeff Blau, chief executive officer of…

Trump Administration To Invest $1 Billion In Quantum Computing, AI Tyler Durden Sat, 08/29/2020 – 16:15 Authored by Alan McDonnell via The Epoch Times, The Trump Administration announced awards of more than $1 billion Wednesday for the establishment of 12 new artificial intelligence (AI) and quantum information science (QIS) research & development institutes across the United States. The administration says it…

Michael Moore & Bill Maher Beg Dems To Wake Up: “Enthusiasm For Trump OFF THE CHARTS! Are You Ready For Trump Victory?” Tyler Durden Sat, 08/29/2020 – 15:50 As even The New York Times was reluctant to admit this week, the return of mass unrest and urban rioting in places like Kenosha, Portland, Seattle and…

Exposing The Waste In The Democrats’ “HEROES Act” Tyler Durden Fri, 08/28/2020 – 16:40 Authored by Thomas Smith & Adam Andrzejewski via RealClearPolitics.com, Taxpayers of America, you may soon be funding a $500 billion bailout of the 50 states, all U.S. territories, and the District of Columbia. But where is this vast sum of money…

If S&P Hits 3,630 By Election Day, This Would Be The Greatest Rally Of All Time Tyler Durden Fri, 08/28/2020 – 16:20 It’s amazing to think that just five short months ago, the S&P was just over 2,100 and Goldman was issuing fire and brimstone reports, warning the S&P could tumble to 2,000 in the…

Powell Pumps S&P To Best August Since ’86, Dollar & Bonds Puked Tyler Durden Fri, 08/28/2020 – 16:00 August 2020’s 6.89% surge in the major US market index is the largest August gain since 1986 (when the S&P 500 rose 7.12%), but as the chart below shows Trannies almost doubled those gains… Source: Bloomberg This…

Fed’s New Policy Will Compound Its Errors Tyler Durden Thu, 08/27/2020 – 16:25 Submitted by Mike “Mish” Shedlock, The Fed announced a new inflation policy today. It won’t improve anything. Fed Updates Long Term Strategy Today the Fed issued an update to its Longer-Term Goals on Monetary Policy. On maximum employment, the FOMC emphasized that…

Powell, Pelosi, & Pentagon Pummel Big-Tech, Bonds, & Bullion Tyler Durden Thu, 08/27/2020 – 16:01 Fed Chair Powell’s initial comments spiked stocks: *POWELL SAYS FED TO SEEK INFLATION THAT ‘AVERAGES’ 2% OVER TIME …then ‘moderation’ sent them reeling: *POWELL SAYS ANY INFLATION OVERSHOOTS WILL BE MODERATE but he later reassured that they would let inflation…

‘He Is Rooting For This’: Biden Accuses Trump Of “Encouraging” Violence As Mayhem Begins To Affect Polls Tyler Durden Thu, 08/27/2020 – 15:55 Joe Biden has accused President Trump of “encouraging” the race riots because they’re “a political benefit” to his reelection campaign. Repeating identical talking points in Thursday appearances on CNN and MSNBC, Biden…

Everything Changes After Kenosha… “Divided We Stand” Tyler Durden Wed, 08/26/2020 – 16:25 Authored by Tom Luongo via Gold, Goats, ‘n Guns blog, It would always come to this. At some point there would be a reckoning for BLM and Antifa. The shootings in Kenosha, WI are a dividing line for America. This is the…

Salesforce Fires 1,000 On Day Its Stock Soars To All Time High Tyler Durden Wed, 08/26/2020 – 16:09 With Saleforce stock exploding 25% higher today, one would think that some of the newly-found $48 billion in market cap would “trickle down” to its employees. One would be wrong. Earlier today, Salesforce reported that revenue climbed…

Global Stocks Hit Record High, Gold Spikes Ahead Of Powell Speech Tyler Durden Wed, 08/26/2020 – 16:00 Global stocks finally took out their old record highs today (as measured by the MSCI World Index)…. and all it took was almost $10 trillion in global liquidity… Source: Bloomberg Global sovereign bond yields (blue above) are at…

WTI Holds Near 6-Month Highs Amid Gulf Shut-Ins, Inventory Draws Tyler Durden Tue, 08/25/2020 – 16:35 Oil prices were higher today, driven in large part by significant shut-ins across the Gulf of Mexico. WTI traded back above $43. As Bloomberg’s Kriti Gupta details, the Gulf of Mexico is responsible for 17% of U.S. offshore oil…

Democrats To Investigate Pompeo Over GOP Convention Speech Tyler Durden Tue, 08/25/2020 – 16:20 House Democrats are launching an investigation into Secretary of State Mike Pompeo’s upcoming speech at tonight’s Republican National Convention – not over the content of the speech, but whether it’s in violation of the Hatch Act and a breach of State…

Gov Evers Declares ‘State Of Emergency’ As Wisconsin Braces For 3rd Night Of Violence Tyler Durden Tue, 08/25/2020 – 16:16 Update (1600ET): Wisconsin Governor Tony Evers declared a state of emergency on Tuesday, after the second wave of violent protests that rocked the city of Kenosha and the capital of Madison, after a video of…

Confessions Of A Reluctant Gold Investor Tyler Durden Mon, 08/24/2020 – 16:25 Authored by Michael Maharrey via SchiffGold.com, Vitaliy Katsenelson serves as the chief investment officer at Investment Management Associates in Denver. In an article he wrote for MarketWatch, he admits his company has resisted buying gold in the past. But the company is buying gold now. Why? In…

AAPLocalypse Now? Nasdaq & S&P Hit Record Highs, Bonds & Bullion Slide Tyler Durden Mon, 08/24/2020 – 15:59 As the anticipated splits of AAPL and TSLA loom, both stocks hit new record highs today (before dumping and pumping.,, and dumping)… AAPL hit a new record high at $515 today… TSLA hit a new record high…

White Supremacist Richard Spencer Endorses Joe Biden Tyler Durden Mon, 08/24/2020 – 15:49 Authored by Paul Joseph Watson via Summit News, White supremacist Richard Spencer has publicly endorsed Joe Biden for president, leading Trump supporters to wonder if the media will ask Biden to disavow Spencer as vociferously as they demanded Trump disavow David Duke.…

“Where’s Our Fu*kin’ Bailout?”: Ice Cube Slams Democrats For Abandoning Blacks Tyler Durden Sun, 08/23/2020 – 16:25 Rapper Ice Cube has turned cold on the Democratic party, complaining in a Saturday rant that the DNC has financially abandoned the black community, and that even if Trump is voted out of office – “then what?” Translation:…

Haunting Photos Of San Francisco’s Desolate Financial District During Morning “Rush Hour” Tyler Durden Sun, 08/23/2020 – 16:00 Authored by Wolf Richter via WolfStreet.com, On Tuesday, August 18, during morning rush hour, I walked through and around the Financial District of San Francisco and took photos to document the spookiness of it all. Pedestrians used…

De Blasio’s ‘Utopia’? Quarter-Mile Food-Bank Line Spotted In Queens Tyler Durden Sun, 08/23/2020 – 15:35 Three weeks into a fiscal cliff, a large food bank line emerged on Saturday (Aug. 22) in Queens, a New York City borough, stretching for nearly a quarter-mile down the street.  With each passing day, the failure of Congress and the Trump…

Saudi Arabia Refuses To Learn From Its Two Failed Oil Price Wars Tyler Durden Sat, 08/22/2020 – 16:40 Authored by Simon Watkins via OilPrice.com, Having failed to achieve the slightest semblance of success in the two oil price wars that it started – the first running from 2014 to 2016, and the second running from…