As Jackson Browne put it: Don’t think it won’t happen just because it hasn’t happened yet.We can summarize all that will unfold in the next few years in one line: The way of the Tao is reversal. This is the opening line of Chapter 40 of Lao T…
The Federal Reserve Bank of New York today announced that the Secondary Market Corporate Credit Facility (SMCCF) will begin purchases of exchange-traded funds (ETFs) on May 12.
Compared to every other manufacturer, Kia’s production facilities in Mexico were positively booming. According to that country’s Instituto Nacional de Estadística y Geografía (INEGI), last month the Korean carmaker produced 1,907 of its Forte model. Yet, that small amount accounted for more than half of all light vehicles assembled during the month of April 2020.For […]
G7 is a rather exclusive club of the 7 ‘largest’ and, according to their own aspirations, most important – economically and geopolitically – economies. Except, of course, it isn’t.The latest IMF data (through 2019) and forecasts (for 2020-2021) publish…
Fed QE $1.750B TIPSPurchase 2020-05-11 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.
Fed QE $1.600B Coupon Purchase 2020-05-11 NY Fed treasury securities operations
It’s not that hard to forecast a populist revolt against the parasitic class that’s grown obscenely wealthy as a direct result of Fed policies.Under the tender care of the Federal Reserve, America’s wealth inequality has skyrocketed to new heights of o…
In US and Europe daily new cases and deaths remain well above the levels when restrictions were imposed. If these levels were concerning back then, why do the higher levels today not warrant continued restrictions?
The distributional effects of COVID19 pandemic impact on the labour markets in the U.S. will likely result in a massive debasement of the national wealth shares of the ‘Main Street’ segment of American society (the 90 percent)