Submitted by Priceonomics, Payday loans are used by people who need money fast, who often have no other way of borrowing money to cover an unexpected expense. The benefit of these kinds of loans is they enable you to meet your immediate financial obligations. The risk, however, is you are taking on debt and incurring… Read More

As Covid has likely forever changed the work landscape for many companies, more and more institutions are even starting to experiment with a four day work week.  Awin Chief Executive Officer Adam Ross, who made the change at his company, allowing his workers to leave early on Fridays, recently told Bloomberg: “We firmly believe that happy,… Read More

Authored by Glenn Greenwald via greenwald.substack.com, Twice in the last six weeks, warnings were issued about imminent, grave threats to public safety posed by the same type of right-wing extremists who rioted at the Capitol on January 6. And both times, these warnings ushered in severe security measures only to prove utterly baseless. First we… Read More

Whether “working from home” is a temporary fad or a permanent “new normal” remains to be seen, but for New York’s office market, the vacant present is as ugly as it gets. According to a new report from Colliers, office rents in Manhattan are plunging amid as the glut of available office space has hit… Read More

Authored by Mark Dittli via TheMarket.ch, Dylan Grice is concerned. The co-founder of Calderwood Capital and former strategist at Société Générale sees smaller and larger bubbles emerging all over financial markets. «There are clear signs of excess», says the author of the monthly «Popular Delusions» report. Still, Grice characterizes his current investment stance as reluctantly… Read More

A new report by the World Obesity Federation found that 88% of deaths in the first year of the pandemic occurred in countries where over half of the population is classified as overweight – which is defined as having a body mass index (BMI) above 25. Of note, BMI values above 30 – considered obese… Read More

There is a reason why we highlighted the earlier report from Politico that FDIC Chair Jelena McWilliams said it doesn’t seem as though banking agencies need to extend the SLR extension. This matters because as we first explained two days ago in “The SLR Is All That Matters For Markets Right Now“, and as Bloomberg’s… Read More

Authored by Pat Buchanan via Buchanan.org, “That attack, that siege” of the Capitol, FBI Director Chris Wray told Congress, “was criminal behavior, plain and simple, and it was behavior we at the FBI view as domestic terrorism.” “Domestic terrorism,” said Wray, echoing his boss. For what had been President-elect Joe Biden’s reaction to the Capitol… Read More

Authored by John Rubino via DollarCollapse.com, Fed Chair Jerome Powell spooked the markets this week by predicting that inflation will jump when the economy reopens – but don’t worry, it’s just temporary. Here’s the real-time CNBC account: Federal Reserve Chairman Jerome Powell said Thursday that he expects some inflationary pressures in the time ahead but… Read More

Last night we showed – for the second day in a row – that contrary to Powell’s protests, the situation in the repo market is going from bad to worse, as the 10Y traded as low as -4.25% in repo, deep below the fails charge of -3% meaning lenders of cash to Treasury shorts have… Read More

VanEck Vectors Social Sentiment ETF (BUZZ) began trading on Thursday, which was a total buzzkill, down 4%. But there was some good news, since Dave Portnoy, who founded Davey Day Trader Global (DDTG) and Barstool Sports, put his “name” behind the ETF, inflows yesterday were upwards of $280 million, according to Bloomberg data.  Portnoy is partial owner and director… Read More

Authored by Freddie Sayers via Unherd.com, Jonathan Sumption was once the epitome of the Establishment – a brilliant barrister who represented the Government in the Hutton enquiry, Supreme Court Justice, supporter of the Remain campaign and esteemed historian of the Hundred Years’ War. But then Covid happened. Over the past year, his unabashed criticism of… Read More