What Americans Are (And Aren’t ) Spending On During The Pandemic Tyler Durden Sat, 08/22/2020 – 16:15 Yesterday we showed that following the July 31 fiscal cliff, spending among unemployed workers – those impacted the most by the end of the emergency Unemployment Insurance fiscal stimulus program – declined substantially just as many had expected……
Arrest Made In Viral Hate Crime Against 7-Year-Old With MAGA Hat
Arrest Made In Viral Hate Crime Against 7-Year-Old With MAGA Hat Tyler Durden Sat, 08/22/2020 – 16:07 Update (1605ET): An arrest has been made. 21-year-old Olivia M. Winslow of Wilmington was arrested on Friday in connection with the incident involving the 7-year-old boy who had his MAGA hat stolen, according to WDEL. Video circulated on…
What Now?
What Now? Tyler Durden Fri, 08/21/2020 – 16:40 Authored by Tuomas Malinen via GnSEconomics.com, A year ago, we published a piece entitled “Where from here?” In it we envisaged that the central banks were “effectively out of means to stimulate”. While this certainly may have been true as global economic growth sputtered into the end of 2019,…
Suspect In Brutal Portland Head-Kicking Turns Himself In After Manhunt
Suspect In Brutal Portland Head-Kicking Turns Himself In After Manhunt Tyler Durden Fri, 08/21/2020 – 16:20 A 25-year-old man has turned himself in after Portland police launched a manhunt for him in connection to a brutal Sunday night attack on a man which put him in the hospital. Marquise Lee Love was booked into the…
Value-Rotation ‘Cancelled’ – Small Caps Slammed As Mega-Tech Meltup Accelerates
Value-Rotation ‘Cancelled’ – Small Caps Slammed As Mega-Tech Meltup Accelerates Tyler Durden Fri, 08/21/2020 – 16:00 After a brief moment in sanity (perhaps) that saw headlines proclaiming a “value rotation” was about to begin, growth stocks have been panic bid for 8 straight days… Source: Bloomberg Simply put, value-allocators “get nothing”… Sending growth to a…
Our Systemic Drift Towards Collapse
Our Systemic Drift Towards Collapse Tyler Durden Thu, 08/20/2020 – 16:25 Authored by Charles Hugh Smith via OfTwoMinds blog, Thus do the lazy complacent passengers drift inexorably toward the cataracts of collapse just ahead. The boat ride down to the waterfall of systemic collapse is not dramatic, it’s lazy drifting: a lazy complacency that doing more…
Big-Tech, Bonds, Bitcoin, & Bullion Bid As Dollar Dive Continues
Big-Tech, Bonds, Bitcoin, & Bullion Bid As Dollar Dive Continues Tyler Durden Thu, 08/20/2020 – 16:01 From the opening bell today, stocks – well, we should say mega-tech stocks – were utterly panic bid (catalyzed early by JNJ vaccine headlines), with the Nasdaq erasing all of the post-FOMC Minutes losses (NOTE that none of the…
‘Fight Club In The Skies’: Brawl Erupts On American Airlines Flight Over Mask Policy
‘Fight Club In The Skies’: Brawl Erupts On American Airlines Flight Over Mask Policy Tyler Durden Thu, 08/20/2020 – 15:50 The past months of coronavirus lockdown and social distancing measures have produced some truly bizarre scenes, but perhaps none so strange and potentially dangerous as the brawl that broke out on an American Airlines flight…
J&J Launches World’s Biggest Vaccine Trial, Italy Suffers Most New COVID-19 Cases Since May: Live Updates
J&J Launches World’s Biggest Vaccine Trial, Italy Suffers Most New COVID-19 Cases Since May: Live Updates Tyler Durden Thu, 08/20/2020 – 14:16 Summary: JNJ starts Phase 3 with 60,000 patients, biggest ever trial Indian surveillance testing finds 30% of New Delhi has had virus Italy reported 845 new cases Merkel says Europe wants to avoid…
Why Warren Buffett’s Pouncing On Precious Metals (Again)
Why Warren Buffett’s Pouncing On Precious Metals (Again) Tyler Durden Thu, 08/20/2020 – 14:05 Authored by Jesse Felder via TheFelderReport.com, Almost two years ago I wrote, “Why Warren Buffett Would Be Buying Precious Metals Again (If He Could).” In that piece, I referenced a quote from his 1997 Letter to Berkshire Hathaway Shareholders: “Last year, we…
Another Market Top Indicator: Paul Ryan Is Launching A $300 Million SPAC
Another Market Top Indicator: Paul Ryan Is Launching A $300 Million SPAC Tyler Durden Thu, 08/20/2020 – 13:50 The similarities with the housing bubble boom-bust are growing by the day. Not only are stocks at all time highs, to which we can now add record low yields and an all time high gold price as…
What Role Will Crypto Play During “The Great Reset”?
What Role Will Crypto Play During “The Great Reset”? Tyler Durden Thu, 08/20/2020 – 03:30 Authored by Raoul Milhado via CoinTelegraph.com, The global economic transformation now faces the main question: What to choose – centralization or decentralization? image courtesy of CoinTelegraph A global pandemic, massive and worldwide protests, job automation, environmental issues and geopolitical tensions…
World Trade Plunged To ‘Lowest Levels’ On Record In June
World Trade Plunged To ‘Lowest Levels’ On Record In June Tyler Durden Thu, 08/20/2020 – 02:45 Central banks expanded interventions to counteract the effects of the virus-induced global downturn have resulted in global equity prices, at, or, near record-high levels. These money wizards have printed trillions of dollars, plowing the money into financial markets to create an…
Why Beijing’s Wolf Warrior Diplomacy Suddenly Quieted Down
Why Beijing’s Wolf Warrior Diplomacy Suddenly Quieted Down Tyler Durden Thu, 08/20/2020 – 02:00 Authored by Huidong Zhang via The Epoch Times, Top-level Chinese officials have recently shifted away from the regime’s wolf warrior diplomacy tactic to a more toned-down approach. This turnaround can be interpreted as the Chinese Communist Party (CCP) not wanting to…
‘Disavowed’ BLM Leader Defends Looting & Rioting Because “US Steals Diamonds & Oil”
‘Disavowed’ BLM Leader Defends Looting & Rioting Because “US Steals Diamonds & Oil” Tyler Durden Wed, 08/19/2020 – 16:25 “So when America goes and steals diamonds and oils, who’s calling us terrorists? When the American government goes and pillages different countries, who’s calling us terrorists?,” exclaimed Hawk Newsome, the head of the New York branch of BLM,…
Dollar Has Best Day In 2 Months As Fed Sinks Stocks, Bonds, & Bullion
Dollar Has Best Day In 2 Months As Fed Sinks Stocks, Bonds, & Bullion Tyler Durden Wed, 08/19/2020 – 16:01 The Fed Minutes’ message was clear: “Y.C.C., Nay!” And that did not go down well in bond-land… Source: Bloomberg Erasing much of the last two day’s gains… Source: Bloomberg And steepened the yield curve… Source:…
FBI Probes Company Tied To Steve Bannon, Chinese Exile And Morgan Stanley Heir
FBI Probes Company Tied To Steve Bannon, Chinese Exile And Morgan Stanley Heir Tyler Durden Wed, 08/19/2020 – 15:45 It seems that the swamp isn’t quite done with Steve Bannon and friends. According to the Wall Street Journal, the FBI and SEC have launched an investigation into Bannon-linked GTV Media Group, which raised over $300…
WTI Dips After Big Gasoline Build Offsets Crude Draw
WTI Dips After Big Gasoline Build Offsets Crude Draw Tyler Durden Tue, 08/18/2020 – 16:35 Oil prices ended the day largely unch, after a dump’n’pump early on along with all other assets, as investors weighed expectations for shrinking U.S. stockpiles against output hikes from the OPEC+ alliance this month. “The market is being supported by…
America Has Never Experienced A Heatwave Quite Like This
America Has Never Experienced A Heatwave Quite Like This Tyler Durden Tue, 08/18/2020 – 16:21 Authored by Michael Snyder via End of The American Dream blog, Every summer is hot, and every summer there are heatwaves, but what we are witnessing in 2020 is rewriting all of the rules. It has been blistering hot across…
Gold Jumps, Dollar Dumps As S&P Ends “Shortest Bear Market In History”
Gold Jumps, Dollar Dumps As S&P Ends “Shortest Bear Market In History” Tyler Durden Tue, 08/18/2020 – 16:02 …and just like that, it was all over. The S&P 500 ripped up to new record intraday highs at the open this morning – erasing all signs of the dismal economic reality – before plunging (no immediate…
It’s Do-Or-Die, Deep State: Either Strangle The Stock Market Rally Now Or Cede The Election To Trump
It’s Do-Or-Die, Deep State: Either Strangle The Stock Market Rally Now Or Cede The Election To Trump Tyler Durden Mon, 08/17/2020 – 16:30 Authored by Charles Hugh Smith via OfTwoMinds blog, With only 56 trading days and fewer than 80 calendar days to the election, the Deep State camps seeking to torpedo Trump’s re-election have…
China Was Biggest Dumper Of US Treasuries In June As Foreign Central Banks Resumed Selling
China Was Biggest Dumper Of US Treasuries In June As Foreign Central Banks Resumed Selling Tyler Durden Mon, 08/17/2020 – 16:19 Foreigners were net buyers of US Treasuries in June ($28.9b), but official entities cut their holdings by $20.6bn as private buyers bought $50.3bn. Additionally, Foreign net buying of equities at $28.5b Foreign net selling…
