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FED now the one having the "Taper Tantrum" ๐Ÿ”—
1621791760  

The reason for reverse repo spiking and getting a permanent facility for it is due to getting mad at their own member banks (primary dealers) for not continuing to juice shit when the risk is way too big. Bullish for bubble continuance in the medium term, but bearish for the member banks themselves. Basically this paves the way for the USG finally throwing the banksters under the bus and expropriating them fully. Another "domino" in the way of de-facto nationalization of the entire economy falls.

CASSIE does stairs blind ๐Ÿ”— 1621623471  


Speaking of the bear case... ๐Ÿ”— 1621617096  

Rates aren't reflecting inflation expectations, that's for sure.

FED update: IOER coming back, Reverse Repo spikes ๐Ÿ”— 1621617055  

In the middle of the quarter, no less. Continuing support for the bear thesis.

Turnover is coming for the tech industry ๐Ÿ”— 1621524368  

For employees looking elsewhere, Personio found that the most influential factors were a lack of career progression opportunities (29%) and a perceived lack of appreciation for the work they do (29%). This was followed by poor management (25%), a pay freeze or cut (23%), and boredom with their job (23%).

The research also identified a disconnect between what employers felt would cause staff to quit and the reality. In particular, employers were found to "drastically underestimate" the impact of a toxic workplace culture on employees' decisions to leave, with almost twice as many employees (21%) citing this as a significant push factor than HR leaders (12%).
Inflation and a demand to return to the office will be the last straw for many. Why would anyone want to keep working for a place with a 100% high school cancer club culture?

Margin debt at ATHs ๐Ÿ”— 1621398478  

More Hwangovers coming for stonks.

The Pentagram's 60k man shadow army ๐Ÿ”— 1621395024  

Better not talk about the La-li-lu-le-lo

OSHA rules vaccine req resulting in adverse reaction must ding company ๐Ÿ”— 1621394885  

The first sensible policy about covid coming out of the feds yet. Requiring medical procedures as a condition of employment is opening a dangerous door (forced abortion, etc) and opening up firms to unlimited liability. No sane company should make such demands.

Taibbi knocks it out of the park on corporate CULTure ๐Ÿ”—
1621351123  

After training generations of Americans to forego personal lives and work their brains to mush in service of bigger profits, corporate leaders are waking up to find their companies staffed by people so psychologically dependent upon validation from work that theyโ€™re a net minus from a production standpoint, forcing bosses to beg them to shut up, go home, and get lives.
His account of his own story is spot on too:
When I was caught up in my own cancelation episode, I was devastated, above all to see the effect it had on my family. Unlike Garcia-Martinez, I had past writings genuinely worth being embarrassed by, and I felt that it was important, morally and for my own mental health, to apologize in public. I didnโ€™t fight for my career and reputation, and threw myself on the mercy of the court of public opinion.

I now know this is a mistake. The people who launch campaigns like this donโ€™t believe in concepts like redemption or growth. An apology is just another thing theyโ€™d like to get, like the removal of competition for advancement. These people arenโ€™t idealists. Theyโ€™re just ordinary greedy Americans trying to get ahead, using the tactics available to them, and itโ€™s time to stop thinking of stories like this through any other lens.
Apologies are always seen as weakness, and should never be done. If they are demanded, you should leave wherever you are at, because the demander is a moron.

Cancel nonsense resulting in backdraft ๐Ÿ”—
1620927755  

Get woke, go broke. It's nice-guy-ism "immolate yourselves to keep others warm" ad absurdum, so it's not shocking the whole thing is a massive plaxico for firms. GREAT to see it's the journos hurt the most. Hopefully the unis are next, as they're even worse on this.

Ocean Acidification Harms studies shown to be irreproducable ๐Ÿ”— 1620862274  

As with everything else surrounding AGW, bogosity is ever-present. Anything with this much political juice will always attract grifters.

Inflation geting super serious ๐Ÿ”—
1620850457  

Protect ya neck. Stock up amigos. That said, the worst may be behind us.

The Anglican church has completed it's conversion to Wokeism ๐Ÿ”—
1620660780  

And feminism. It's somewhat sad to see the church of my youth go down this road, but given it's sorta the oversoul of the Anglo, I don't consider this to be particularly surprising.
It rejects, for example the central belief of Christianity that the death of Jesus was divinely ordained for the forgiveness of the sins of humanity: the atonement. Reddieโ€™s Core Text states that โ€œJesus died because of our sins and not for themโ€ as a โ€œsubversive agitatorโ€, a victim of โ€œimperial greed and colonial corruptionโ€. His life was a โ€œstruggle for liberation of all oppressed peoplesโ€.
Jesus was not rebel against the law, but it's fulfillment. Those following this "rebel" Jesus should realize they're actually following the original rebel.

I guess I'm no longer Anglo. The only option left to those of us not on board is culturally convert to something else or to go old-school Saxon and call up Odin.

How science became corrupted ๐Ÿ”— 1620660278  

Good article on the current moment. The clerisy has essentially achieved total victory. They've terrified the populace via the lapdog media into believing the nonsense issuing forth from their lysenkoist science cartels, all in the name of .gov absolutism. We're all China now.

What's next: HARPA ๐Ÿ”— 1620502049  

Hopefully the "clown world" folks wind up nicknaming it HAARPO

Freddie DeBoer sums up the media landscape ๐Ÿ”— 1620411857  

The adolescent social skill set is everywhere and has fucked up pretty much every profession.

Spectre mitigations broken using the micro-op cache ๐Ÿ”— 1620137528  

Pretty much every CPU is fundamentally broken to achieve acceptable performance for code that doesn't embrace SMP

Basecamp dumps the politics ๐Ÿ”— 1620136584  

Glad to see another company come to its senses.

Yarvin's back ๐Ÿ”— 1619978089  

And in good form after the passing of his wife. He makes a powerful case that "I just want to grill" is the reason monarchy happens. We see this at every level of the economy (it's why full-time employment is a thing), and the idea of an ancap future is essentially this sort of corporate feudalism fully embraced. This is the core dispute with the syndicalists, who insist not having worker ownership simply builds the oligarchy that installs oppression. This seems to build a strong systemic case against dilution of ownership in a firm, much like with the old monarchies rejection of gavelkind in favor of winner-take-all inheritance.

Latest round of Diplomatic tit-for-tat: Visa restrictions ๐Ÿ”— 1619888378  

Travel between US and Russia now will be incredibly difficult. Tensions can only go up from here.

CDC now lowering PCR threshold ๐Ÿ”— 1619806005  

For vaccine caused infection. LOL, PCR tests are the perfect technology to manipulate a "pandemic"

Generals to DNI: Quit lying plz ๐Ÿ”— 1619705619  

LOL, will never happen, USA will remain world laughing-stock

MIT Study confirms: distancing, masks useless ๐Ÿ”— 1619705580  

Opening windows works lots better, but we don't dare do that cuz some of the fatties might get hot or cold, waaaaaa

Greenwald dunks on Bertrand ๐Ÿ”—
1619542853  

Yet another disgusting propagandist of the Goldberg mold exposed. Like with Goldberg, they will only be further exalted from here.

Pfizer Vaccine: Triggering Shingles ๐Ÿ”— 1619099224  

Whoops

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