That which has failed is unsustainable, no matter how many trillions the Federal Reserve tosses against the tides of history.The chapter titles of Michael Grant’s excellent account of The Fall of the Roman Empire identify the core dynamics of…
Fed QE $3.500B Coupon Purchase 2020-06-04 NYFed treasury securities operations
Fed QE $1.000B TIPSPurchase 2020-06-04 NYFed treasury securities operations
Lowest on record
Slight moderation in the economic contraction in Brazil, India and Russia, with return to Services sector growth in China
It’s called survivor’s or survival euphoria. Having just gone through a traumatically dangerous experience, and lived, a person might naturally become euphoric for it. Not uncommon in combat situations, your body marshals all its resources including many physiological responses and counteractions. When it’s all over, there’s evolution working overtime in your brain rewarding these survival […]
Well, they’ve done it again. The Fed has once again managed to erase the larger market pain. This time it was not the standard correction that was erased, this time they erased […]
Sell in May and go away.
As the old models break down, opportunities for new models will arise.Unstable, unsustainable systems can lull observers into a comfy complacency as instability increases beneath a thin veneer of apparent stability.That’s the systemic story of the…
Updating charts for COVID19 for Russia:Noteworthy: Russia cases and death counts are now breaking out of the prior trend, both to the upside.