Author: Tyler Durden

CDC Panel Approves Pfizer Boosters For Older Americans Despite More Pushback Update (1622ET): ACIP has also approved boosters for people aged 18-49 with underlying issues. This vote was 9-6. CDC ACIP BACKS BOOSTER FOR 18-49 WITH UNDERLYING CONDITIONS The next vote should define “at-risk” occupations. * * * Update (1600ET): Despite some disagreement about the…

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US Congress Quietly Sneaks In Crypto-Bill Amendment Authorizing Central Bank Digital Currency Authored by Wesley Thysse via DecentralizedLegalSystem.com, The future of money is here; will the Federal Reserve Board be authorized to use distributed ledger technology for the creation, distribution and “recordation” of all the transactions of a Digital Dollar? On July 28, 2021, a…

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Amid Squalor & Misery, Hospital Strained By Influx Of Illegal Immigrants: Del Rio Democrat Mayor Authored by Charlotte Cuthbertson and Zachary Stieber via The Epoch Times, The flood of illegal immigrants that has crossed over the Rio Grande River since mid-September is straining the hospital and other resources in this small Texas border city. Del Rio has a…

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Evergrande Selective Default: Offshore Bondholders “Run Out Of Hope” For Coupon Payment While the market has clearly moved on from the Evergrande debacle, perhaps assuming that all is now contained while completely ignoring the potentially catastrophic consequences for China’s US$60 trillion property market (Goldman has just come out with a must read report “Investing under…

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JPMorgan: Institutional Investors Are Piling Into Ethereum, Leaving Bitcoin It’s not the first time that a major bank has expressed preference for ethereum over bitcoin: back in May, when Goldman published its initiating coverage on the crypto sector (available for professional subs in the usual place), the bank was surprisingly dismissive toward bitcoin which it…

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Household Net Worth Hits Record $142 Trillion, Up $31 Trillion Since COVID, But There Is A Catch… Another quarter, another record high in (1%er) household net worth. The Fed’s latest Flow of Funds report released at noon today showed the latest snapshot of the US “household” sector as of June 30 2021, which confirmed that…

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Hunter Biden Tried To Charge Libya $2 Million To Recover Billions Frozen By Obama Administration: New Emails Four years after Hillary Clinton famously said of executed Libyan leader Mummar Qaddafi “We came, we saw, he died,” Hunter Biden, son of then-Vice President Joe Biden, offered to recover roughly $15 billion in assets which had been…

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Michigan Gov. Whitmer Bans Masks/Vaxx Mandates As Polls Crash, Re-Election Fight Looks Grim Authored by Thomas Lifson via AmericanThinker.com, Gretchen Whitmer, the governor of Michigan, early on distinguished herself as a pandemic hypocrite, demanding severe lockdowns of her citizens subjects while exempting her family and herself.  Her husband was caught boating when she had forbidden ordinary Michiganders to…

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Nomura Reveals ‘The Flow To Know’ As Markets Reverse From Selling To “Big Rally” In the end, despite a generally unexpected upward shift in the FOMC dots which pushed the median 2022 dot to indicate one rate hike next year (and another 2 each in 2023 and 2024), the outcome was not nearly the “hawkish…

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Watch: White House Blames UK Prime Minister For Biden Not Answering Press Questions Authored by Steve Watson via Summit News, Following yesterday’s demand from the White House press pool for an explanation about why Joe Biden will not answer any questions, Press Secretary Jen Psaki attempted to blame UK Prime Minister Boris Johnson for not alerting Biden’s team…

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FDA Official Busted Joking About ‘Blow Dart’ Forced Vaccinations, ‘Jewish Star’ Registry To Track Unvaxxed A FDA official was caught on undercover video calling for forced COVID vaccinations, and a “Jewish Star” type registry for all unvaccinated Americans. Taylor Lee, an economist with the Food and Drug Administration, was filmed by a Project Veritas undercover…

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Bond Bulls Are Puking… As stocks soar on the day after The Fed, yesterday’s bid for the long-end of the bond curve has been eviscerated… Source: Bloomberg …as yields explode higher today… Source: Bloomberg And finally yesterday’s signal of ‘policy error’ – the crash flattening of the yield curve – has almost entirely been reversed…….

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Norway Becomes First Developed Central Bank To Hike Rates Post-COVID In a time of soaring prices, central bank tightening has now become all the rage (except in Turkey of course which just surprised markets with a 1% rate cut, sending the lira plunging to all time lows), and one day after Brazil hiked rates by…

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Uranium Is Gaining Interest On Reddit’s Most Notorious Investment Forum Authored by Haley Zaremba via OilPrice.com, Nuclear advocates point out that the much-maligned form of energy production is actually one of the safest out there. And, importantly, nuclear energy production has a virtually nonexistent carbon footprint. It’s a highly efficient form of climate-friendly energy production,…

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New York’s New Gov Threatens To Replace Unvaccinated Hospital Workers With ‘Foreigners’ New York’s first female governor Kathy Hochul, who took the reins in the Empire State after her predecessor and former boss, Andrew Cuomo, finally resigned, is showing the state’s recalcitrant healthcare workers just how understanding and progressive she can be. During a press…

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Bonds, Stocks Slide As Market Prices In 2022 Rate ‘Liftoff’ Argue all you like that “tapering is not tightening” or that “the taper and rate cycle are not connected”, but the market says otherwise (knowing the monetary policy regime is changing and pricing in an endpoint) and is now pricing in a rate liftoff by…

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BP Prepares To Ration Gas At UK Service Stations Amid Supply Woes Compounding the ongoing UK energy crisis is BP plc, a multinational oil and gas company, which said it plans to restrict deliveries of gasoline and diesel across its network of service stations in the country amid a truck driver shortage, according to ITV. …

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Turkish Lira Plunges To All Time Low After Surprise Rate Cut By The Erdogan Central Bank Turkey’s currency plunged to a new all time low, with the USDTRY rising as high as 8.8017 after Erdogan’s central bank unexpectedly cut its policy rate by 100 basis points to 18% on Thursday, delivering stimulus long sought by…

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Peter Schiff Slams “The Fed That Cried Taper” Via SchiffGold.com, The Federal Reserve wrapped up its September FOMC meeting Wednesday and once again left its extraordinary loose “emergency” monetary policy in place. Quantitative easing continues unabated. Interest rates remain at zero. But the Fed did signal it may begin to taper quantitative easing “soon.” In his podcast,…

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Spike In California Jobless Sparks Surge In Americans Applying For First-Time Unemployment Benefits After unexpectedly rising in the prior week (perhaps due to Hurricane Ida’s impact), analysts expected jobless claims to drop back to post-COVID lows last week – but they were very wrong as 351k Americans filed for first-time jobless claims (way worse than…

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