Tyler Durden's picture

Larry Lindsey Warns "Nothing Will Change Until The System Collapses Under Its Own Weight"

"... there is nothing new under the sun that shines in the Policy Activists' Universe. Negative interest rates sound new and 'unconventional,' but they are nothing more than an extension of this nostrum. Undertaken in the name of promoting inflation, they are really nothing more than taxation of (and ultimately confiscation of) liquid wealth. They are 'unconventional' only in the context that as time goes on, the policies of state acquisition of wealth must become ever more creative...the growth of societies trying these schemes diminishes.  Long-term capital moves from growth-enhancing productive investment, which dries up as it increasingly gets channeled into the hands of the state.  The fibers of the economic morality that drive growth get frayed..."


Tyler Durden's picture

Speaker Ryan Ditches Donald: "Just Not Ready To Support Trump"

“At this point I’m not ready to jump in, but I hope we can get there."


Tyler Durden's picture

Warning Signs

Rising wages and employment costs (benefits, healthcare, etc.) are a direct input into the profitability equation. Therefore, as the economy slows and other cost-cutting measures, accounting gimmicks and share buybacks lose their ability to increase bottom line profitability, it is only a function of time before the focus returns to the cost of labor. With corporate profitability currently under pressure, overall economic activity weak and global conditions deteriorating, just how long can companies sustain employment and wage growth? The answer is not long.


Tyler Durden's picture

Haunting Pictures Of A Transportation Recession As Freight Rail Traffic Plunges

The impact of the transportation recession on railroads is now very visible. Here’s how Union Pacific is dealing with this issue, via Google Earth, on May 3: 292 engines idled on a siding west of Benson, Arizona, along I-10, for a stretch of nearly 4 miles. Note how the line of locomotives curves and fades into the left edge of the photo – an once majestic and haunting sight, all these powerful machines idled on a track in the Arizona desert...


Tyler Durden's picture

The Death Of #NeverTrump

It appears from the explosion of social media furore that, as infowars.com reports, the #NeverTrump movement and social justice warriors are completely imploding after Trump won the Indiana primary and became the presumptive Republican nominee for President.


Tyler Durden's picture

When You Run Out Of Other People's Money

...it's time for another bailout!!


Tyler Durden's picture

For The First Time Ever, China Shows Footage From Disputed, Man-Made Reef

For the first time ever, Chinese State television has aired construction work on the artificial island known as the Fiery Cross, or Yongshu, Reef in the Nansha Islands, located in the contested territory inside the South China Sea.


Tyler Durden's picture

Homemade Bomb Explodes At California High School

A homemade bomb exploded on the campus of Southern California school for foster youth according to NBC 7 San Diego. The school was on lockdown for a period of time, but ultimately was deemed safe. Fortunately nobody was injured in the incident.


Tyler Durden's picture

The True State Of The US Consumer: All Six Retail Companies Reporting April Comp Sales Missed

If one looks at the state of retail companies reporting same-store sales today, a troubling picture emerges about both the US economy and the US consumer emerges. As Bloomberg notes, each of six companies, among which L Brands, Zumiez, The Buckle, Costco, The Cato Corporation and Fred's - that reported April comparable sales missed estimates compiled by Retail Metrics.


Tyler Durden's picture

Migrant Rape Epidemic Reaches Austria

The brutal gang rape of a woman by three Afghan asylum seekers in central Vienna on April 22 has shocked the Austrian public and drawn attention to a spike in migrant-related rapes, sexual assaults and other crimes across the country. However, those who dare to link spiraling crime to Muslim mass migration are being silenced by the guardians of Austrian multiculturalism.


Tyler Durden's picture

Support For Anti-Muslim AfD Hits Record High As 60% Agree That "Islam Does Not Belong In Germany"

An astonishing 61% of Germans agreed that Islam does not belong in Germany. This result further explains AfD's surge in popularity, as the AfD reportedly has a section in its new party program called "Islam is not part of Germany", which is a position that 92% of its supporters agree with.


Tyler Durden's picture

One Chart Says It All

This chart says it all: real income is declining and the bottom 95% are poorer. No wonder people are socking away what they can and tightening their spending: they have no other choice, even as the Federal Reserve strip-mines their savings.


Tyler Durden's picture

Trumped! Why It Happened And What Comes Next, Part 1

First there were seventeen. At length, there was one. Donald Trump’s wildly improbable capture of the GOP nomination, therefore, is the most significant upheaval in American politics since Ronald Reagan. And the proximate cause is essentially the same. Like back then, an era of drastic bipartisan mis-governance has finally generated an electoral impulse to sweep out the stables.


Do NOT follow this link or you will be banned from the site!