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.
A U.S. federal court ruled in favor of Facebook on Monday, dismissing antitrust complaints brought forward by the Federal Trade Commission and 48 state attorney generals. The complaints argued that Facebook was illegally maintaining a monopoly in the m…
Ranking countries by the size of their economies and their overall net wealth, the U.S. can be found ahead of China, usually followed by the UK, Japan, India or Germany. But sorting countries for their per-capita average wealth – or even for their medi…
The rapid spread of the Delta variant has led to countries around the world scrambling for new travel bans to stop the COVID-19 virus mutation. Hong Kong, Spain and Portugal restricted travel from the UK yesterday, while Germany had already curtailed e…
Originally posted at Capitalstool. Follow and join the discussion. 30 minute bars on the S&P 500 (ES) futures nicely show how momentum has steadily faded…
100 years ago, the rise of Communism started in China, but that is a long time for things not to change. Despite the ruling Chinese communist party celebrating the 100th anniversary of its founding on July 1, the private sector is the driving force beh…
Consumer complaints about digital wallets and mobile payment apps have been surging as more and more Americans ditch cash, according to a recent report from the U.S. Public Interest Research Group. The Consumer Financial Protection Bureau (CFPB) receiv…
The ES futures and the broad US market keep churning a little higher day by day. It’s a weak uptrend, locked within a couple of narrow rising channels at various angles, from almost flat, to rising at about 10 points per day, woop de doo. The most imp…
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’s “choice” is as illusory as the “wealth” the Fed has created with its perfection of moral hazard.