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  • Banks Reducing Junior Banker Workloads With Automation, Even After Bumping First Year Pay To $120,000 September 20, 2021
    Banks Reducing Junior Banker Workloads With Automation, Even After Bumping First Year Pay To $120,000 As if all investment banks stepping up junior banker pay (mostly to the $120,000 level, as we have reported) wasn't enough, it is now being reported that major financial firms are looking to automate the work the entry level staffers […]
    Tyler Durden
  • UK: Record Number Of Migrants Crossing English Channel September 20, 2021
    UK: Record Number Of Migrants Crossing English Channel Authored by Soeren Kern via The Gatestone Institute, Nearly a thousand migrants from Africa, Asia and the Middle East have attempted to cross the English Channel on small boats in just one day to illegally get into the United Kingdom. The record-breaking surge in illegal crossings is […]
    Tyler Durden
  • Prince Andrew Dominates Meghan & Harry As Most Unpopular Royal September 20, 2021
    Prince Andrew Dominates Meghan & Harry As Most Unpopular Royal An incredible amount of media focus was on Harry and Meghan, the Duke and Duchess of Sussex, at the start of the year, culminating in a highly anticipated two-hour interview with Oprah Winfrey. As data from YouGov shows, the ensuing furore around the pair has led to […]
    Tyler Durden
  • Kabul Should Not Forget: "Turkey Was A Major Part Of The NATO Mission In Afghanistan" September 20, 2021
    Kabul Should Not Forget: "Turkey Was A Major Part Of The NATO Mission In Afghanistan" Authored by Lindsey Snell via TheCradle.co, Turkish President Erdogan intends to play a role in post-conflict Afghanistan. But are his ambitions 'Neo-Ottoman' and Islamist, in service of NATO, or wrapped around his 2023 electoral goals? Prior to the Taliban’s rapid […]
    Tyler Durden
  • If Only We Could Find A Cure For Trump Derangement Syndrome September 20, 2021
    If Only We Could Find A Cure For Trump Derangement Syndrome Authored by James Bowman, op-ed via The Epoch Times, The disease in its pandemic form is far from over. Our former hopes of its eradication and a return to normalcy in the new year now appear forlorn. We shall just have to live with […]
    Tyler Durden
  • Hong Kong Stocks Crash, Futures Slide As Markets Finally Freak Out About Evergrande Default Contagion September 20, 2021
    Hong Kong Stocks Crash, Futures Slide As Markets Finally Freak Out About Evergrande Default Contagion Well, as we warned, the Evergrande contagion has finally arrived and with China closed for holiday traders are getting out while they can and where they can, and on Monday morning in Asia that means Hong Kong, where Evergrande - […]
    Tyler Durden
  • In-Car Cameras Are Now Watching Every Little Thing You Do September 20, 2021
    In-Car Cameras Are Now Watching Every Little Thing You Do Gone are the days where you could hop in your car and escape to somewhere for a little privacy. That's because cameras that were put in cars to catch drivers falling asleep are now catching...well, everything. Researchers at the Fraunhofer Institute have now developed a […]
    Tyler Durden
  • The US Desperately Needs To Rethink Its Middle East Strategy September 20, 2021
    The US Desperately Needs To Rethink Its Middle East Strategy Authored by Paul Sullivan via OilPrice.com, Is the Middle East still important? This is a seemingly absurd question, yet some are asking this in Washington. The Middle East is the source of massive reserves in oil and gas. Much of the fuel to produce goods […]
    Tyler Durden
  • Ford Doubles Production Capacity For Its F-150 Lightning As Reservations Blow Past 150,000 September 20, 2021
    Ford Doubles Production Capacity For Its F-150 Lightning As Reservations Blow Past 150,000 While General Motors is in the midst of EV hell, dealing with a massive recall for its Chevy Bolt and shuttering production as a result of the ongoing semi shortage, Ford looks to be "full speed ahead" with plans for its electric […]
    Tyler Durden
  • J6 'Chaos' Total Bust For Media As Cops, Journalists And FBI Appear To Outnumber Protesters September 20, 2021
    J6 'Chaos' Total Bust For Media As Cops, Journalists And FBI Appear To Outnumber Protesters Saturday's "Justice for J6" rally appears to have been - in the words of Donald Trump, "a setup" - after police, journalists and FBI agents appear to have been the main attraction, while just a few hundred protests appeared to […]
    Tyler Durden
  • Pennsylvania Rations Alcohol Due To Crippled Supply-Chain September 20, 2021
    Pennsylvania Rations Alcohol Due To Crippled Supply-Chain Authored by Beth Brelje via The Epoch Times, A shortage of certain alcohol brands is leaving some drinkers in low spirits; the Pennsylvania Liquor Control Board (PLCB) announced this week it would begin rationing a list of popular liquor labels. Due to sustained supply chain disruptions and product shortages, purchase […]
    Tyler Durden
  • Central Bank Of Afghanistan Says Over $12 Million Cash Seized From Homes Of Former Officials September 20, 2021
    Central Bank Of Afghanistan Says Over $12 Million Cash Seized From Homes Of Former Officials Representatives of the Taliban have continued to publicized funds which they say were unlawfully appropriated by corrupt former national government officials, among them ex-President Ashraf Ghani and officials close to him. The Central Bank of Afghanistan this week announced the […]
    Tyler Durden
  • BlackRock And Citi Get On Board The Climate Nazi Train September 20, 2021
    BlackRock And Citi Get On Board The Climate Nazi Train Authored by Chris MacIntosh via InternationalMan.com, There are some things that bring joy to my soul. My pleasures are simple ones. Peanut butter on toast (the food of gods), witnessing Macron getting a slap, and this… The awesome thing here is that what is taking […]
    Tyler Durden
  • TikTok Restricts Screen Time To Just 40 Minutes Per Day For Chinese Youths September 20, 2021
    TikTok Restricts Screen Time To Just 40 Minutes Per Day For Chinese Youths Another day, another Chinese crackdown targeting permissible online screen time for young Chinese users. This time, ByteDance, the maker of short-video mobile juggernaut TikTok, said that it would restrict access to Douyin, the Chinese version of the app, to 40 minutes a […]
    Tyler Durden
  • What Is Congress Doing To Retirement Accounts? September 20, 2021
    What Is Congress Doing To Retirement Accounts? Via SovereignMan.com, What happened: In the proposed infrastructure bill, as well as the proposed tax increases to fund it, Congress is messing with retirement accounts. Here are some of the worst proposals currently on the table. IRA accounts will not be allowed to invest in anything based on […]
    Tyler Durden
  • The Fed Has Liquidated Its Entire Corporate Bond Portfolio September 19, 2021
    The Fed Has Liquidated Its Entire Corporate Bond Portfolio Last March capital markets as we once knew them ceased to exist: that's when the Powell Fed crossed a Rubicon even Ben Bernanke dared not breach and announced that it would start buying single-name corporate bonds and ETFs under its Secondary Market Corporate Credit Facility (SMCCF) […]
    Tyler Durden
  • Former Lehman Trader On "China's Lehman Moment" September 19, 2021
    Former Lehman Trader On "China's Lehman Moment" By Larry McDonald, former trader at Lehman Brothers, author of "A Colossal Failure of Common Sense" and publisher of the Bear Traps Report My name is Larry McDonald, that is the UK cover above. In the years before the failure of Lehman Brothers, I ran a successful distressed […]
    Tyler Durden
  • CARFAX Warns 200,000 Vehicles Damaged By Hurricane Ida May Flood Market September 19, 2021
    CARFAX Warns 200,000 Vehicles Damaged By Hurricane Ida May Flood Market A CARFAX spokesperson warned this week that a couple of hundred thousand used cars from the Tri-state area and Gulf Coast states are about to hit the market, and there's a risk many of them are flood-damaged from Hurricane Ida.  "Our data suggest that […]
    Tyler Durden
  • Hedge Fund CIO: The 60:40 Portfolio Is Forever Broken, What Happens Now September 19, 2021
    Hedge Fund CIO: The 60:40 Portfolio Is Forever Broken, What Happens Now By Eric Peters, CIO of One River Asset Management Inference Allocators can no longer depend on bonds to offset the equity risk in their portfolios, said the CIO to his team, stating the obvious. We can debate whether the Fed will normalize interest […]
    Tyler Durden
  • Fed Chair Powell Owned At Least $1.5 Million In Municipal Bonds Like The Ones The Fed Bailed Out In 2020 September 19, 2021
    Fed Chair Powell Owned At Least $1.5 Million In Municipal Bonds Like The Ones The Fed Bailed Out In 2020 In a revelation that should really surprise no one who has been paying attention for the last couple decades, it was reported late last week that Chairman Jerome Powell owned the same type of municipal bonds […]
    Tyler Durden
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