CUSIP: 9127965F2Term and Type: 8-Day BillCMB: YesHigh Rate: 0.060%Investment Rate: 0.061%Price: $99.998667Allotted at High: 76.89%Total Tendered: $163,300,000Total Accepted: $25,000,400Auction Date: 12/17/2020Issue Date: 12/21/2020Maturity Date: 12/29/…
The price of Bitcoin at closing reached a new all time high of $21,311 on Wednesday, surpassing its former record from December 2017 by almost $2,000.Potentially emboldened by the coronavirus crisis and the search for perceived safe-haven assets, the c…
I watched the dog and pony show yesterday.
Disgraceful dissembling.
Most of the questions and answers were, for our purposes, irrelevant and immaterial. They indicated just how little the Wall Street media subsidiary is interested in getti…
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.
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.
Effective December 17, 2020, the Federal Open Market Committee directed the Open Market Trading Desk at the Federal Reserve Bank of New York to continue to increase the System Open Market Account holdings of Treasury securities by $80 billion per month…
If you thought fundamentals, valuations and earnings growth matter the joke is on you. In 2020 central banks have managed to do the unthinkable: Not only once again save investors from any […]
Extremes become more extreme right up until they reverse, a reversal no one believes possible here in the waning days of 2020.
When Ludwig van Beethoven was born in December 1770, the world was a different place. And while the German composer and pianist who would have turned 250 today is naturally long gone, he left a musical legacy that endured centuries. Until today, Beetho…
Conventional wisdom says that the weeks leading up to Christmas are the most important time of the year for retailers in the United States. According to the National Retail Federation, Americans are going to spend between $755 and $767 billion in the m…