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.
Today is the 50th anniversary of the “Nixon shock”, the day President Richard Nixon closed the gold window and ended the post-WWII Bretton Woods currency agreement. That agreement, largely a product of John Maynard Keynes, pegged the dollar to gold and most other currencies to the dollar. It wasn’t a true gold standard as only […]
A 10-12 month cycle high is now ideally due within xxxxxxxx (in subscriber report), with a final projection of 4440 and a 13 week cycle high is ideally due on xxxxx, this week.
Markets are said to hate Uncertainty. Yet stock prices rise to unprecedented heights in the face of myriad extraordinary uncertainties. The current course of experimental monetary inflation and fiscal stimulus creates epic Uncertainty. The course of China’s historic Bubble is similarly unsettled. The geopolitical backdrop points to alarming instability. Yet global climate change poses the greatest threat to all aspects of human life, starting with economic, social, political and geopolitical stability.
FEEDJust a little bit higher, and a new lifetime high, day after day after day.
Subcscribers click here to download the complete report. Treasuries have sold off on the strong, surprise jobs report last week. At the same time, there’s…
The number of white people in the U.S. has shrunk for the first time since the first census in 1790. According to yesterday’s release of 2020 Census data, there were around 191.7 million white people in the U.S. last year, down from 196.8 million when …
More Afghan provincial capitals have fallen to the Taliban as the insurgent group is advancing quickly in the country after the United States started to withdraw its troops.The exodus of the U.S. military is not expected to finish before the end of the…
Chelsea’s signing of Belgian striker Romelu Lukaku from Inter Milan this week for €115m has made the 28-year-old the most expensive footballer of all time. Not to be mistaken with the highest single transfer fee, Lukaku’s five career transfers now tota…
OK, so I’ve used that headline before. Sue me.
This was so predictable, but that doesn’t mean I’m in a good mood. Inflation is raging. Savers are getting killed, and no different from any time in the past 12 years, wild eyed, often criminal, spec…