Cheaper clean energies continue to propel governments across the world to invest in wind and solar infrastructure over the coming decades. Progress on renewable energy systems is picking up, with traditional forms of fuel like coal and oil falling to n…
Most people can be forgiven for suffering the misimpression. Some of it is intentional, as reflation – and those selling it – absolutely require a healthy Chinese contribution to reach their strong global rebound. As we’ve documented over the last decade, it almost doesn’t matter what numbers China’s economy actually puts forward, that system is […]
Close to the end of his time in office, President Donald Trump’s approval rating has reached an all-time low. According to a Gallup survey carried out between Jan 4 and 15, only 34 percent of U.S. adults approved of the president. The lowest previous r…
While the UK has long abandoned the strategy of achieving herd immunity by allowing the virus to spread throughout the least at risk sections of the population, the availability of vaccines has finally opened up the possibility of getting there without…
Macro Liquidity continues to bulge. The stock market has followed. It became oversold versus the surge in liquidity that the Fed initiated in March 2020. And it hasn’t looked back since. Should we expect to see stock prices become overbought again before the next big crash?
As president-elect Joe Biden is about to be inaugurated as the 46th President of the United States on Wednesday, the COVID-19 pandemic remains on top of a pile of challenges facing the incoming administration. According to data tracked by the Johns Hop…
According to quantum mechanics, a flushed turd can appear in two places simultaneously, based on the position of the observer. But the quantum philosopher asks, if there is no observer, does the turd exist? In the stock market, there are many observers…
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.
Today’s QE update.
A mob, led by a shirtless man wearing a Viking helmet, stormed the Capitol building a couple of weeks ago and five people died before order was restored. A man from upstate New York sat in a Senator’s office and smoked a joint. Another roamed the halls of Congress with a Confederate flag. A Virginia […]