Tyler Durden's picture

Zappos CEO Pushes "100% Weird" Boss-less Model After Employee Exodus

210 of Zappos CEO Tony Hsieh's 1,500 employees took the money and ran last month after the company's pay-to-quit scheme backfired amid a transition to a boss-less corporate structure. Now, things are just getting "weird"...



Tyler Durden's picture

The Fallacy Of Unequivocal Faith In The Fed's Babbling Bubble-Blowers

To preserve any idea that the US is not heading into recession, the FOMC is now wholly reliant on statistical processes within the BEA’s use of the Census Bureau’s updated ARIMA-X13 modeling system. It is amazing to see this policy body that once proclaimed, unequivocally and forcefully, that it could perform the monetary equivalent of sorcery and alchemy reduced to quivering about winter. The latest policy statement, a silly farce of its own accord, is, quite simply, an embarrassment.

 



Tyler Durden's picture

Want A Low-Wage Job? Go To College

While only 23.9% of low-wage workers in 1979 had a college degree, that group had grown to 44.2% by 2013. Yet low-wage workers’ hourly wages have not improved much over this time.



Tyler Durden's picture

3 Things: If You Don't Like It Change It

Since QE programs have not been effective at creating organic economic growth, the only effective monetary policy tool of the Fed to stave off the effects of a recessionary drag, lowering interest rates, is not available. This is why, despite weak economic growth, little inflation and a large amount of labor slack in the economy, the Fed has consistently hinted that they will likely raise the overnight lending rates in June. Therefore, since the Fed is "data dependent," a boost to GDP, via the recalculation of the numbers, would be vastly supportive in justifying that increase. However, is economic growth really stronger than currently reported? We can look at some alternative measures of the economy to answer that question.



Tyler Durden's picture

Broke Kansas To Tax Poor People By Placing $25 Limit On ATM Withdrawals

Kansas, which is laboring under an $800 million funding gap, will limit cash withdrawals on state-issued benefit cards to $25 per day starting on July 1, forcing some beneficiaries to go to the ATM more often. Because the state charges $1 per trip, and because many low-income families do not have a checking account, the new law amounts to a sizeable 'poor tax'. 



Tyler Durden's picture

Former Fed Governor Says Fed Lost Credibility To "Stay On Top Of Ticking Monetary Bomb"

"The Fed has dragged out the normalization of interest rates way beyond what is prudent... At some point... the market is going to say ‘on my god, we’re so far behind the curve’ and force an adjustment that is going to be wrenching... when this “wrenching” adjustment kicks in, it would turn into a market disruption at a level “seven or eight” on a scale of 10, with 10 being the worst."



Tyler Durden's picture

"Above The Law" Fed Subpoena'd By Hensarling Over 2012 Leak "To The Priveleged Few"

“It is unacceptable, illegal and corrupt for anyone at the Fed to deliver inside information that could provide a financial advantage to the privileged few and lead to the manipulation of financial markets: Hensarling



Tyler Durden's picture

Hewlett Packard Just Reported Its Worst Revenue Since 2007: This Is How It "Beat"

How is it that the company's GAAP EPS declined by a whopping 17%, from $0.66 to $0.55, and yet its non-GAAP EPS dropped by a tiny 1% from 0.88% to 0.87%? This is how...



Tyler Durden's picture

It's A Bull Market In Confusion

Investors are the most 'neutral' and confused in 26 years with bullish sentiment and bearish sentiment hovering at multi-decade lows...



Tyler Durden's picture

With ISIS Controlling "More Than Half Of Syria", The US Prepares To Pounce

Gun to our head, this is what happens next: several false flag YouTube clips once again emerge just around the time Obama announces it is time to send a tactical, contained group of troops in Syria to retake the cultural "heritage that" is Palmyra, at which point the war against ISIS morphs into what it has been from day one: the western attempt to crush and topple the Assad government, and to hand over control of Syria to Turkey and Iraq, just so the US, Saudi Arabia and Qatar can control what happens behind the scenes, by which we mean finally allow that long overdue gas pipeline to traverse the nation. We expect this scenario to start unfolding within the month.



Tyler Durden's picture

Artist's Rendering Of Obama's Iraq Strategy

Presented with no comment whatsoever...



Tyler Durden's picture

When The Current Housing Bubble Finally Bursts

This psychology of mass delusion now dominates housing, stocks and bonds: not only is this not a bubble, the expansion will continue forever. History, however, suggests otherwise: all bubbles burst, period.



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