The prospect of a divided Washington would seem to take some pressure off the vulnerable Treasury market – and, through lower Treasury yields, corporate Credit more generally. And I appreciate that divided government has in the past worked to the advantage of the bull market status quo. But are we to believe in today’s crisis backdrop an irreconcilably split and hostile Washington will somehow function to the benefit of the markets and our nation?
The primary reason for that first rate hike in a decade in December 2015 was ferbus figuring that full employment had probably been reached, certainly close to where the unemployment rate had fallen at that time. The Fed’s main econometric model calculated this key economic level at between 4.8% and 5.0% unemployment; the actual rate […]
So enjoy the GBOAT (greatest bubble of all time) but watch the clock.
The number of deaths from the coronavirus has started to grow again in Europe as a second wave of infections is raging on the continent. In the U.S., deaths have begun to inch up again for a third time since the spring.Brazil, the third most affected c…
With a second wave of coronavirus infections underway in Europe, countries on the continent are once again the places where the COVID-19 infection numbers are rising quickest. France, Spain and the UK – all epicenters of the virus in spring – are once …
Two days after scoring a big win on election day, when Californians passed Proposition 22, a ballot measure that exempts gig economy companies from a law that would require them to classify most of their workers as employees rather than contractors, Ub…
As the second wave of Covid-19 infections in the UK continues to grow, forcing the govenment to reimpose a full lockdown across England, the number of Covid patients in mechanical ventilation beds is unfortunately increasing, too. So far though, as thi…
As the second, larger wave of new Covid-19 infections in the UK continues to grip the country and force the govenment to reimpose varying degrees of lockdown, the number of people in hospital with the virus is naturally rising, too. So far though, as t…
Straight from the blowing bowels of the NY Fed.
The COVID-19 pandemic has caused a surge in economic inequality in the U.S., as millions of workers remain permanently unemployed from the job they had before the virus reached the country. However, COVID-19 and subsequent economic hardships are only e…