Historical maps highlight the Magic Kingdom’s dramatic transformation from swampland to the biggest theme park in the world.
So by all means, focus on the inexorable rise of stocks, cryptos and housing as “proof” of America’s soaring “wealth” while the social order unravels beneath our feet.
If you want to see the absolute apotheosis of a captured market, look no further than the /RTY (small cap Russell 2000) futures.
Merck (MRK) roaring higher today based on yet-another-Covid-drug that will throw off ungodly profits (after accounting for executive multi-million dollar annual compensation).
More than a third of the population in Croatia was suffering from high blood pressure in 2019 according to data by Eurostat. As our chart indicates, the Balkan country’s share is almost twice as high as the EU average.Overall, roughly 22 percent of res…
Division on Capitol Hill might be centering around the debt ceiling and the bipartisan spending bill of $1.2 trillion at the moment, but the elephant in the room remains the Democrats’ massive $3.5 trillion proposal – also dubbed the human infrastructu…
October 1 is International Coffee Day, created in 2015 to promote and celebrate the beverage. The Statista Global Consumer Survey shows that Americans are in fact quite fond of the drink. In the survey, Coffee was named by more U.S. adults as a regular…
My weekend has started. I’m at Dworzec Centralny w Warszawie, waiting for a train for a little weekend road trip to Krakow. I will post more once I get situated in my train in about 30 minutes.
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.
What’s going on with bonds is interesting. It used to be that as bonds eroded, interest rates went up, and then banks would roll around in a bull-gasm. These days, however, even the nimrods who buy equities are realizing that higher interest …