Raising red flags during a bubble is a thankless job. The crowd gleefully cheers the momentum and as tops are processes anyone voicing contrarian reservations looks to be wrong while the bubble […]
Fed QE: $1.201B TIPS Purchase 2020-07-09 NY Fed treasury securities operations
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Something will have to give, and on an increasingly more proximate timeline, although we have no idea when that timeline runs its course…
Italy had been one of hardest hit countries, if not the worst for a good while. For months rather than weeks, life was shut down in an effort to get ahead of COVID-19 while it ravaged seemingly unchecked. It became a buzzword of sorts, the name of the nation synonymous with the pandemic itself. Don’t […]
Our society has a legal structure of self-rule and ownership of capital, but in reality it is a Neofeudal Oligarchy.Now that the pandemic is over and the economy is roaring again–so the stock market says–we’re heading straight back up into the good o…
Apartment List’s most recent housing payments survey finds that 32% failed to make their full July housing payments on time.
Fed QE: $6.001B Coupon Purchase 2020-07-08
Unlike some sentiment indicators, the ISM Non-manufacturing, in particular, actual trade in goods continued to contract in May 2020. Both exports and imports fell further, though the rate of descent has improved. In fact, that’s all the other, more subdued PMI’s like Markit’s have been suggesting. Getting closer to a bottom.Unlike any of the sentiment […]
New York | The summer of 2020 is all about picking winners and losers in the COVID19 lottery. This is especially of concern since government…