The top 10 of the world’s most highly-valued startups lost an entry today when Beijing-based video sharing platform Kuaishou went public on the Hong Kong stock exchange. Previously to the IPO which raised upwards of $5 billion, the company occupied the…
OK, so maybe it won’t get there today. Or maybe it will.
After all, this is done.
Looking at a 30 minute bar chart, the 2-3 day cycle projection now looks 3910 on the S&P fucutures. That looks eminently doable once they clear resi…
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.
In a recent post, I covered the impact of the failure at the Federal level to implement more robust measures on rents and tenure security for households (see: https://trueeconomics.blogspot.com/2021/02/3221-cost-of-trumps-failures-to-act-on….
Currently, into month 10 data of the recession (December 2020), and employment index is reading close to the conditions in the recession of 1945,
Current average duration of unemployment spell is already higher than the peak of any prior recession other than the Great Recession
Worrying trends cited in reference to continued unemployment claims
Labor markets conditions in the U.S. remain abysmal,
The situation overall remains dire.
The worst of all post-WW2 recessions.