Is there no limit to monetary interventions? Are they forever consequence free? Can every economic and market problem be solved by ever more intervention? Anyone like myself that has questioned the efficacy […]
So babble on, Babble-On 7; it won’t change anything. The forces in motion are like tides, and you can’t talk the tide into reversing.
As the United States pledges $4 billion to support COVAX and the equitable distribution of Covid-19 vaccines worldwide, a long list of governments still have not been able to secure enough doses to start inoculating their populations. New Zealand, one …
And shoulders over 3 weeks. Completed, and busted. The thing measures to about 3805. The 5 day cycle projection points to 3855-70. But there’s a fly in the bear’s ointment.
Today’s Fed QE
Last week was only four days due to the President’s day holiday but it was eventful. The big news of the week was the spike in interest rates, which according to the press reports I read, “came out of nowhere”. In other words, the writers couldn’t find an obvious cause for a 14 basis point […]
We may be skating on very thin ice here, but the weight of the evidence still supports a weak bull case for the near to intermediate term. So I’m adding buy picks on the chart pick list and adjusting trailing stops to account for the risk.
Existing market infrastructure will buckle under tens of millions of synchronized sell orders.
The Treasury is injecting more cash into the market. It announced today that it will do a second round of T-bill paydowns next week, adding another $41 billion in T-bill paydowns, to be settled on February 25. This is on top of the just announced $55 billion T-bill paydowns settling on February 23.
This madness is now global, so next up: global depression.