As the level of Fed smack and crack needed to maintain the high increases, system fragility increases geometrically.
Originally posted at The Daily Stool. Was Friday’s surge a breakout? Nope. They fell 10 points short on the S&P fucutures. But first comes the…
Little more than one year ago, on March 11, 2020, the World Health Organization officially announced that COVID-19 could be classified as a pandemic. “The WHO has been assessing this outbreak around the clock and we are deeply concerned both by the ala…
I’m running way late this morning. We just started daylight savings time here in Europe this weekend, and I overschlepped. So I’ll just start with this and get back to you shortly.
Play Ball! Stock Market Swings For the Fences in Season Opener
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Friday’s rally appears to support that we’re in the early days of a 6 month cycle up phase. We have been expecting it in this…
Progress is finally being made in attempts to free a huge container ship that has been blocking the Suez Canal for nearly a week. Tugboats, dredgers and excavators managed to partially refloat the 200,000 Ever Given though its bow is reportedly still s…
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.
On February 23, the US Treasury pumped $55 billion in cash into the accounts of Primary Dealers, banks, money market funds, and other institutions who…
The parallels to 1929 turn only more compelling and ominous.
As efforts to dislodge a giant container ship wedged in the Suez Canal have been unsuccessful so far, the world is hoping for a quick resolution to the situation that could potentially evolve into a global supply crisis. Ever since the 1,300-feet long …