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.
The COVID-19 pandemic has upended the global real estate market, with buying, selling and leasing trends going up and down since restrictions began in early March of 2020. While there’s great optimism for a continued real estate boom in the U.S. and gl…
Carbon emissions fell drastically during 2020 as COVID-19 restrictions forced many to stay home and cut back on highly polluting transportation methods. The closing of office buildings around the world also played a key role in reducing emissions. Stil…
In our age when every market disturbance is subject to intervention don’t be surprised when new intervention is coming. Last week’s bond jiggle got plenty people nervous. Velocity being the operative word […]
Live, at 4 AM in New York, it’s Tuesday Morning. What’s on sale this week? This morning, everything.
The ES fucutures fell just a bit outside of the end of day 5 day cycle projection of 3975. The longer moving average that I use to run those fore…