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Rabobank: Bessent's Buyback Looks A Lot Like "Whatever It Takes", And Druck Isn't A Fan
Rabobank: Bessent's Buyback Looks A Lot Like "Whatever It Takes", And Druck Isn't A Fan
By Michael Every of Rabobank
US Treasury Secretary Bessent took out a tactical nuke in saying he could use $1trn from the Treasury General Account to fund Special Military Operation Twist bond buybacks vs. the $2bn per round increase we saw last week. That looks a lot like the ‘Whatever It Takes’ mentioned yesterday: his former mentor Stan Druckenmiller is not a fan, apparently.
He also launched ‘Operation Economic Outcast’ to isolate and squeeze Iran further on...
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Mar 24, 2026 / Tyler Durden
Watch: McDonald's Restaurant Rolls Out Robots To Greet, Serve Customers
Watch: McDonald's Restaurant Rolls Out Robots To Greet, Serve Customers
A McDonald’s restaurant in Shanghai is trialling a team of humanoid robots as staff, offering a glimpse into what is likely to be the future of fast-food, Digitaltrends reports.
The robots, developed by Keenon Robotics, were spotted at a McDonald’s in the Shanghai Pudong New Area, where they picked up orders from customers at the front counter using a touchscreen. The video also shows children in the restaurant playfulling chasing after the animal-like robots that were greeting customers.
McDonald’s has yet to...
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Mar 21, 2026 / Tyler Durden
US Removes Sanctions On Iranian Oil Stranded At Sea To Boost Overall Supply
US Removes Sanctions On Iranian Oil Stranded At Sea To Boost Overall Supply
On Thursday, Scott Bessent told Fox News that the US is considering unsanctioning Iranian oil, thereby making the 140 million barrels stuck on Iranian tankers, available to any buyer in the world and not just China, to ease the supply-chain bottlenecks that emerged after the Strait of Hormuz was blocked. In doing so, another formerly sanctioned US nemesis would be allowed free access to global markets, after Russia received a similar "temporary" permit a week earlier.
"In the coming...
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Jun 12, 2026 / Tyler Durden
'US-Iran Deal Is Near' Narrative Returns, But Tehran Refuses To Surrender Hormuz Leverage
'US-Iran Deal Is Near' Narrative Returns, But Tehran Refuses To Surrender Hormuz Leverage
After having heard the same line many, many times before - and yet with no result (instead, more often the opposite of sliding into further conflict and escalation) - Pakistan’s Ministry of Foreign Affairs on Friday welcomed the "progress" made between the United States and Iran in indirect negotiations.
CNN and other mainstream outlets are reporting on this "hint" that an interim deal taking shape (again). But given the pattern and track record of such reporting, which has consistently...
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