The Centers for Disease Control and Prevention released provisional mortality data showing that Covid-19 was the third leading cause of death in the U.S. last year. Two reports were part of the CDC’s Morbidity and Mortality Weekly Report which found th…
If at first you don’t suck, cede, then try, try again.
You do realize don’t you, that this “top” will become a massive reverse head and shoulders saucer bottom, if they break out, right?
But don’t get too excited yet.
I’m talking about the Velocity of Money. It does not measure speed of transactions. Whoever came up with that concept was full of crap. And as usual with most crap in eConomics and finance, it became accepted as religious Truth.
Which confuses the issues. eConomists like it that way. When they confuse everybody with their nonsense, they feel powerful. So let’s cut through the crap and see the game they’re playing for what it is.
Buyers know there will always be a greater fool willing to pay more for an over-valued asset because the Fed has promised us it will always be the greater fool
The scorecard today is 61 total signals, 27 buys, 34 sells. That’s meat grinder stuff.
The UK and EU made some progress in their vaccination dispute last week. While Brussels stopped short of introducing an export ban, the bloc did give backing for tighter export controls which means that the tug-of-war with the UK over supplies of the A…
Yesterday, a couple of you highlighted the fact that there are so many different opinions about what the Fed is doing and trying to achieve, it’s hard to know what to pay attention to.
It’s true there’s a lot of distraction and deception. You must keep your eye on the ball. Here’s the pitch!
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.
This is for the Treasury market. Proxy TLT. Originally posted at the Daily Stool.
The unionization efforts from workers at Amazon’s Bessemer, Ala., warehouse follow several successful union campaigns led by blue collar tech workers and reflect a general increase in activism among tech industry employees. From Amazon workers slamming…