The FBI’s Uniform Crime Reporting Program collects supplementary homicide data including the age, sex, race and ethnicity of murder victims as well as the type of weapon used by the perpetrator. When it comes to the latter category, the FBI published d…
In a move that sounds more industry-shaking than it is, LG Electronics announced its decision to shut down its smartphone business by July 31. In a statement published on Monday, the South Korean company explained that its exit from the “incredibly com…
Back in August 2007, the dangerous and decaying state of America’s infrastructure became a shocking reality when the I-35W Mississippi River Bridge in Minneapolis collapsed, sending vehicles crashing into the river below. 13 people were killed while an…
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.
No, hyperinflation and, in fact, high inflation, ain’t coming, yet. But the concerns with both are rising… Both, input prices and output prices have accelerated in March, compared to February in Markit’s Manufacturing PMIs. Headline M…
Given a lot of noise about economic re-opening and abatement of the late 2020 wave of the pandemic, we expected BRIC countries PMIs to improve significantly in 1Q 2021 compared to 4Q 2020. Alas, the opposite took place:Brazil Manufacturing PMI fe…
Today’s Fed QE
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.
Inequality is America’s Monster Id, and we’re continuing to fuel its future rampage daily.
There’s an old saying on Wall Street that one should “buy the rumor, sell the news”, a pithy way to express the efficient market theorem. By the time an event arrives, whatever it may be, the market will have fully digested the news and incorporated it into current prices. And then the market will move […]