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Remember: In A Crisis, Everyone Will Consider Themselves 'The Good Guys'
Remember: In A Crisis, Everyone Will Consider Themselves 'The Good Guys'
Authored by Charles Hugh Smith via substack,
The state has two monopolies it must protect whatever the cost: the monopoly on decreeing what is legal tender and on force.
We’re entering an era in which push comes to shove will lead to immovable objects encountering irresistible forces. All sorts of verities and vanities will be bulldozed as kicking the can down the road descends into desperation to stave off collapse, a desperation that unleashes second order effects the desperate did not anticipate. The only responses at this...
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Apr 30, 2026 / Tyler Durden
Core PCE Rises Most In 3 Years; Savings Rate Tumbles As Spending Far Outpaces Income
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The Fed's favorite inflation indicator - Core PCE - rose 0.3% MoM in January (as expected), a dip from the 0.4% sequential increase in February, with YoY rising by 3.2% (also as expected), slightly higher than the 3.0% in Feb. That is the highest annual increase in Core PCE since Nov 2023.
The headline PCE jumped notably more, as expected since it includes non-core items like energy and food, rising 0.7% MoM (as expected) driving prices up...
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Trump Says US Sent ‘a Lot of Guns’ to Protesters in Iran
President Trump has said that the US sent “a lot of guns” to protesters inside Iran during demonstrations and clashes that took place in January, though he believes the weapons may have been “kept” by Kurdish groups. “President Trump told me the United States sent guns to the Iranian protesters,” Trey Yingst, a reporter for […]
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Aug 19, 2026 / Tyler Durden
Buying Bullsh*t In "4 Easy Payments"
Buying Bullsh*t In "4 Easy Payments"
Submitted by QTR's Fringe Finance
I have been gently touching on what a horrible idea one sector has been since the inception of this blog. And just this week, it looks like cracks are starting to form in the space via one of its largest and most well-known publicly traded companies.
As savings finally dry up, rates remain higher and auto loan/credit card delinquencies start rising, I wouldn’t be surprised to see a deluge of ugliness from these types of names in their next few quarterly reports.
(Chart:...
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