Earlier this week, President Biden announced that the United States is on track to have enough vaccine supply for every adult by the end of May. Thanks in part to Merck’s help in manufacturing the recently approved Johnson & Johnson vaccine, the U.S. i…
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 mutually reinforcing crises aren’t in the future, they’re here now, and Jay Powell’s shuck-and-jive has lost its magical powers to cloak the rot with speculative bubbles.
As part of the chancellor’s 2021 Budget announcement today, Rishi Sunak and the accompanying Office for Budget Responsibility forecasts revealed the latest extent to which the UK is having to borrow to support the economy through the coronavirus pandem…
Today’s Fed QE.
The COVID-19 pandemic has upended the global real estate market, with buying, selling and leasing trends going up and down since restrictions began in early March of 2020. While there’s great optimism for a continued real estate boom in the U.S. and gl…
Carbon emissions fell drastically during 2020 as COVID-19 restrictions forced many to stay home and cut back on highly polluting transportation methods. The closing of office buildings around the world also played a key role in reducing emissions. Stil…
In our age when every market disturbance is subject to intervention don’t be surprised when new intervention is coming. Last week’s bond jiggle got plenty people nervous. Velocity being the operative word […]
Today’s Fed QE.
Any economy stupid enough to rely on the insane distortions of GDP “growth” as its primary measure will richly deserve a Darwin Award when it inevitably collapses in a putrid heap of squandered resources and capital.