If that wasn’t the most anticlimactic worst economic quarter in history. The numbers were just as bad as people were expecting – which is the point. It’s not like this economic collapse snuck up on anyone, nor did its scale and depth. We’ve all known from the very beginning what the deal was going to […]
No federal bailout or stimulus can reverse these three dynamics, and no amount of legerdemain can replace the spending of the top 10%.Few of those anxiously seeking a rebound in consumer spending take into account the top 10% of households account for …
Fed QE: $1.733B Coupon Purchase 2020-07-30
Roger, we need a new scale for the chart.Latest data for U.S. Federal deficit through June 2020 is shocking.
An infrequent update on Russia COVID19 stats:Daily Cases and Deaths:Russia is failing to arrest the new cases curve and the deaths curve, with both series running at elevated levels through July. Thee decline in new cases around the end of June was als…
U.S. continues to show the way on how NOT to do pandemic response. However, in recent days, there has been a re-acceleration in the new cases arrivals in the EU27
We are continuing to hit all-time highs in new cases globally as the pandemic shows no signs of moderation.
Not only is our lifestyle on back-order, so is our sanity.Yesterday I mentioned our collective inability to make sense of the contradictory messages of the status quo and our own experience. This inability to reconcile completely contradictory mes…
The abyss between the Fed’s illusion of phantom wealth for Wall Street and the collapse of Main Street is bottomless, and our descent into the abyss is accelerating.I know this runs counter to every dominant narrative, but a vaccine doesn’t really matt…
Term and Type: 7-Year Note
High Yield: 0.446%
Total Accepted: $49,000,106,200