The digital world is a universe in its own right – a very fast moving one as such. It’s a quick compendium of things up and downloaded, posted and searched for, sent and received, listened to and watched in bits and bytes. According to data compiled by…
As U.S. health officials and the Biden administration desperately try to kickstart the stalling rollout of COVID-19 vaccines in face of the highly contagious Delta variant, President Biden gave a speech on Thursday, where he once again urged Americans …
Here we go again. Another false breakout. Another plunge to the bottom of the range. We’ve seen this act before. It has all the earmarks of another developing megaphone pattern. Back in the old days, we called these patterns “broadening tops” because t…
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.
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.
They’ve been threatening to do it for two years, and finally pulled the trigger. The Fed’s captured media barely gave it lip service, with a…
They’ve been threatening to do it for two years, and finally pulled the trigger. The Fed’s captured media barely gave it lip service, with a…
The U.S. GDP grew at an annual rate of 6.5 percent in the second quarter of 2021, according to the first preliminary estimate released by the U.S. Bureau of Economic Analysis (BEA) on Thursday. Once again, personal consumption expenditure was the main …
Game over. Occam’s Razor: The simplest explanation is often the best one. Central banks will never extract themselves. Whether they ultimately end QE is besides the point. They won’t reduce their balance […]
Pfizer on Wednesday reported its second quarter results, beating top- and bottom-line expectations and raising its guidance for 2021 yet again. The U.S. pharmaceutical giant reported a net profit of $5.56 billion on revenue of $18.98 billion for the se…