What? You thought a 850+ point drop in the $DJIA would result in a down week? No Sir. The unholy alliance has struck again. Massive jawboning by multiple administration officials about how well […]
Bear markets and recessions have been rescinded. Stocks always to up. Debt and deficits don’t matter. The Beijing meritocracy is up to any challenge. Global central bankers have things well under control. We shouldn’t underestimate Craziness Extremis. But prolonged market distortions come with grave consequences.
If last month’s payroll report was declared to be strong at +128k, then what would that make this month’s +266k? Epic? Heroic?
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.
The real question, though, is whether the business cycle approach means anything in this day and age. I don’t think it does, and that’s a big part of why there’s so much confusion about both cause and effect.
For US importers, October is their month.
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.
The evidence continues to pile up for increasing slack in the US economy.
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.
Not only will events outrun Plan B, they’ll also outrun Plans C and D.