What Americans Are (And Aren’t ) Spending On During The Pandemic

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…

ISIS-linked ‘lone wolf’ terrorist captured with two bombs after shootout in Delhi

Indian police have captured a man suspected of plotting attacks in the name of ISIS in the country’s capital. He was apprehended after a firefight, as authorities launched a search for his possible accomplice. Deputy Commissioner of Delhi Police Special Cell Pramod Kushwaha described the suspect, Abdul Yusuf Khan, as a “lone wolf who had…

‘Famine of biblical proportions’ looms over humanity due to Covid-19, UN food chief warns

The Covid-19 pandemic may lead to a calamity of epic scale, with millions facing starvation worldwide, the head of the UN’s hunger-fighting body has warned. “All the data we have, including WFP forecast that the number of people experiencing malnutrition will grow by 80 percent by the end of the year, … points to a…

Man allegedly tries to RIG next Dalai Lama selection by bribing 100 Tibetan monks with cash

Indian authorities believe that a suspect detained for money laundering was also running a secret operation to meddle in the next Dalai Lama selection process, reports say. Chinese national Charlie Peng may have bribed around 100 monks over the past two years to garner support for a “Chinese candidate” to succeed the Dalai Lama, Indian…

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…

‘Healthy’ children can carry enough coronavirus load to hospitalize an adult, new study finds

In extremely troubling news for policymakers the world over, new research suggests that asymptomatic, otherwise “healthy” children can carry up to twice the viral load of hospitalized adult Covid-19 patients. As summer in the northern hemisphere draws to a close, kids are tentatively expected to return to school in the coming weeks, amid concerns among…

Students, teachers at 41 schools in Germany’s capital infected with coronavirus less than 2 weeks after reopening

At least 41 schools in Berlin say that hundreds of their students and teachers are in quarantine, less than two weeks after schools reopened their doors in the German capital. Elementary schools, high schools and trade schools are all affected, the daily Berliner Zeitung wrote on Friday, and city education authorities confirmed these figures to…

Pompeo’s call to reinstate nuclear-related sanctions on Iran goes against ‘international consensus’ – China

Beijing has said the US has no right to demand sanctions on Iran are reinstated because it was Washington that “had broken its promises” by ditching the 2015 nuclear deal. China’s Foreign Ministry spokesperson Zhao Lijian told reporters the US has no right to demand the so-called “snapback” of sanctions on Iran, because Washington unilaterally…

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…

Arms in the air? UAE-Israel peace deal kickstarts long-stalled F-35 purchase from Washington

The UAE-Israeli peace deal could sprout into a lucrative arms contract, as the UAE’s foreign minister said it had removed the obstacles for purchasing F-35 fighters from the US. Washington said such a deal is already under review. Formal normalization of ties with Tel Aviv should remove “any hurdle” in the path of the potential…

US imposes sanctions on Syrian military commanders & officials ‘for their efforts to prevent a ceasefire’

Washington has announced sanctions on senior Syrian government officials and the leaders of several military units, with US Secretary of State Mike Pompeo accusing top National Defense Forces members of subverting a ceasefire. In a statement on Thursday, the US State Department said it was imposing sanctions on the leadership of a number of Syrian…

Nearly ONE THIRD of New Delhi’s population have had Covid-19, govt antibody survey finds

New Delhi’s mass antibody testing has found that almost 30 percent of those living in the Indian capital may have been infected with the coronavirus. The number eclipses that of the country’s overall Covid-19 tally. “We found that 29.1 percent of the population of Delhi had antibodies, which means that they were infected and have…

Fresh footage of cops LAUGHING & flashing NAZI SALUTE in Floyd-like restraint of Slovak man sends shockwaves through Belgium

Disturbing new footage of a Belgian cop pressing his full weight onto a Slovak man who died after the arrest in 2018, and the frivolity of his colleagues, has appalled many online, who likened it to the death of George Floyd. Harrowing scenes of Jozef Chovanec, a 38-year-old Slovakian, being forcefully restrained by a handful…

Haters gonna hate? China rejects online ridicule of post-coronavirus Wuhan pool party as ‘sour grapes’

Videos and photographs of a massive pool party in Wuhan irked news outlets and social media users, but China claims the critics are just bitter about their own nations’ poor handling of the Covid-19 pandemic. The images from Wuhan, where the virus is believed to have originated, showed partygoers forgoing masks and social distancing guidelines…

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