The Purchase Index increased 9 percent from one week earlier.
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Economic and and financial news and analysis
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Germany: Employment and Business Activity Show Gentle Uptick in May
by Constantin Gurdgiev • • 0 Comments
Germany employment conditions improved slightly in May, based on ifo Institute survey:The gains are in line with the Business Activity survey results:However, both business expectations (major driver of improvement) and current conditions (remaining de…
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Fed QE $1.750B Coupon Purchase 2020-05-27 NY Fed treasury securities operations
by NY Fed | Treasury Securities Operations • • 0 Comments
This is a syndicated repost courtesy of NY Fed | Treasury Securities Operations. To view original, click here. Reposted with permission. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of…
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Fed QE $2.000B CouponPurchase 2020-05-27
by NY Fed | Treasury Securities Operations • • 0 Comments
This is a syndicated repost courtesy of NY Fed | Treasury Securities Operations. To view original, click here. Reposted with permission. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of…
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Re-Opening the Economy Won’t Fix What’s Broken
by Charles Hugh Smith • • 0 Comments
Re-opening a fragile, brittle, bankrupt, hopelessly perverse and corrupt “normal” won’t fix what’s broken.The stock market is in a frenzy of euphoria at the re-opening of the economy. Too bad the re-opening won’t fix what’s broken. As I’ve been no…
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Getting A Sense of the Economy’s Current Hole and How the Government’s Measures To Fill It (Don’t) Add Up
by Jeffrey P. Snider • • 0 Comments
The numbers just don’t add up. Even if you treat this stuff on the most charitable of terms, dollar for dollar, way too much of the hole almost certainly remains unfilled. That’s the thing about “stimulus” talk; for one thing, people seem to be viewing it as some kind of addition without thinking it all […]
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A 0.0000148％ Yield on Bond Sale in Japan Is Exciting Investors
by Anthony B Sanders • • 0 Comments
Its a sad state of the world where investors get “excited” about a zero percent bond.
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Beware of Accepted Wisdom
by Joseph Y. Calhoun III • • 0 Comments
Most everyone has heard of the Chinese proverb – or curse – that wishes one to live in “interesting times”. You’ve probably also heard that in Chinese the word “crisis” is composed of two symbols, one that denotes “danger” and another that means “opportunity”. Well we certainly live in interesting times and there is indeed […]
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Impact on Travel and Consumer Demand
by Constantin Gurdgiev • • 0 Comments
Some dire numbers from Factset on changes in consumer preferences / sentiment through March-April 2020:”cAccording to The Conference Board, consumer confidence has weakened significantly with the overall index falling from 118.8 in March to 86.9 in Apri…
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US New Home Sales Decline 6.2% Despite Near-Record Low Mortgage Rates (Case-Shiller Home Price Index STILL Rising)
by Anthony B Sanders • • 0 Comments
According to the US Census Bureau, sales of new homes fell 6.2% YoY in April.
