27% Of All Household Income In The US Now Comes From The Government
By Tyler Durden Following today’s release of the latest Personal Income and Spending data, Wall Street was predictably focused on the changes in these two…
Tyler Durden
Texas Grid Operator Warns Of Defaults As Credit Crisis Develops
By Tyler Durden The Texas energy crisis has morphed from a power grid failure to a humanitarian emergency to a credit crisis as billions of…
Fed Investigating Massive Outage Of Its Interbank Payment System
By Tyler Durden The Federal Reserve’s critical system for interbank payments which serves as the backbone of virtually all money transfers in the US, went…
Biden To Sign Executive Order On Alarming Computer Chip Shortage That’s Thrashed Carmakers
By Tyler Durden Among US-manufactured items seen as vital across multiple industries which increasingly came up in short supply as demand increased faster than expected…
Hong Kong Market Tumbles After “Shock” Transaction Tax Hike To Pay For Government Handouts
By Tyler Durden Is Hong Kong a harbinger of what is coming to the US? With speculation growing in the US that in the aftermath…
HSBC To Slash Office Space By 43% As COVID Ushers In Hybrid Work
By Tyler Durden There is absolutely no way to avoid a great deal of pain coming to the commercial real estate market as companies dump…
500,000 Jobs At Risk As Instacart Mulls Robot-Driven Warehouses
By Tyler Durden For the more than 500,000 Instacart gig workers fulfilling grocery orders at supermarket chains such as Giant, Food Lion, Costco, among others,…
Michael Burry (The Big Short) Warns Weimar Hyperinflation Is Coming
By Tyler Durden Update (1815 ET): one day after the Weimar tweetstorm below, and shortly after our article came out, Burry tweeted the following: People…
Erik Prince Busted In Illegal Libya Gun-Running Scheme That Included “Assassination For Hire”
By Tyler Durden Erik Prince is the wealthy scandal-plagued mercenary who seems never go away from the headlines. The founder of the notorious Blackwater private security…
92% Of NYC Restaurants Unable To Pay Rent In December, Study Finds
By Tyler Durden Another week, another restaurant doomsday story. According to the latest NYC Hospitality Alliance survey, it’s becoming increasingly difficult for restaurants across the…
“Pandemic Precautions” Left Some Texas Shelters Closed As Homeless Froze To Death
By Tyler Durden The homeless in Houston as well as in other states hit by the monstrous winter storm and polar vortex which pummeled up…
Outages Morph Into Outrage As Texans Slapped With “Mind-Blowing” Power Bills
By Tyler Durden The rolling blackouts that plunged up to 15 million Texans into darkness amid a historic cold snap are diminishing by the end of the…
Texas Frozen Chaos Becomes Global Oil Market Nightmare With 40% Of US Crude Production Offline
By Tyler Durden One week ago, when virtually nobody was following the sudden surge in certain obscure mid-continent nat gas prices… … we warned that…
Kroger Closes More Grocery Stores Over “Hazard Pay” Laws
By Tyler Durden “Unfortunately, Seattle City Council didn’t consider that grocery stores — even in a pandemic — operate on razor-thin profit margins in a…