The Walt Disney Company announced on Wednesday that it will close at least 60 of its retail stores in North America this year, as it plans to “significantly reduce its brick-and-mortar footprint” and focus on e-commerce going forward. “Over the past fe…
Earlier this week, President Biden announced that the United States is on track to have enough vaccine supply for every adult by the end of May. Thanks in part to Merck’s help in manufacturing the recently approved Johnson & Johnson vaccine, the U.S. i…
So the 10 year Treasury is hanging around 1.5%. I mean, really. WHOTF cares. Who is 1.5% gonna break? NO ONE! Yields aren’t the problem. Price is the problem.
Bitcoin hit a 6 month cycle projection of 57,000. So is this a top or a consolidation? Don’t know! Watch the channel line now at…
Good morning, and welcome to a newly drawn crash channel on the hourly chart. It’s July 1974 deja vu all over again.
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 mutually reinforcing crises aren’t in the future, they’re here now, and Jay Powell’s shuck-and-jive has lost its magical powers to cloak the rot with speculative bubbles.
As part of the chancellor’s 2021 Budget announcement today, Rishi Sunak and the accompanying Office for Budget Responsibility forecasts revealed the latest extent to which the UK is having to borrow to support the economy through the coronavirus pandem…
I want to start the first craptocurrency. Buttcoin. Everyone will be able to make it, and no electricity will be required. Just fiber. We can all eat fiber, make a few buttcoins each day, and be rich. That’s how it works, right?
Today’s Fed QE.