Hurricane Ida, the fourth and to-date strongest storm of the 2021 Atlantic hurricane season, has made its way to New York City, albeit as a much weaker tropical storm. Nevertheless, Ida caused widespread flooding and a state of emergency declaration in…
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.
America’s major cities are some of the most traffic congested in the world. Click to find out which ones made the top 10.
As markets have continued the non stop levitation to new highs they become ever more untethered from basic market history and I want to highlight one interesting example. But first for context: […]
The more that things remain the same, the more they remain the same.
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 Fed has begun recruiting banks to be counterparties in repo operations. This is an expansion of the usual relationships where only Primary Dealers can act as repo counterparties.
CUSIP: 912796F53Term and Type: 21-Day BillCMB: YesHigh Rate: 0.040%Investment Rate: 0.041%Price: $99.997667Allotted at High: 51.84%Total Tendered: $129,798,245,000Total Accepted: $45,000,277,000Auction Date: 08/31/2021Issue Date: 09/02/2021Maturity Dat…
Zoom has lost 50% of its value since last October. This is one of those stocks I dubbed ABC: Accidental Beneficiaries of Covid (of which Moderna is the king).
10 percent of the richest people in the United States own almost 70 percent of the country’s total wealth. As of Q1 of 2021, the top 10 percent held 69.8 percent of total U.S. net worth (which is the value of all assets a person holds minus all their l…