Imports of Steel Products in the United States increased to 1173117 USD THO in October from 1052383 USD THO in September of 2020. Imports of Steel Products in the United States averaged 1962339.61 USD THO from 1997 until 2020, reaching an all time high…
Steel Production in the United States increased to 6143 Thousand Tonnes in October from 5709 Thousand Tonnes in September of 2020. Steel Production in the United States averaged 7864.47 Thousand Tonnes from 1969 until 2020, reaching an all time high of…
It’s difficult to believe that Secretary Yellen will avoid having to contend with a historic financial and economic crisis. And Wall Street is quite comfortable that Yellen is precisely the right individual to work intimately with the Powell Fed to orchestrate whatever crisis response necessary to sustain the greatest Bubble in human history.
Here’s the problem. When rates are falling, there are more sales, and especially more refi. So the prepayments go up, and the Fed sees a greater reduction in its MBS holdings. Those reductions had been running at the rate of $65-70 billion per month through last month, based on the prepayment rate in the market in prior months. The Fed then bought that much from the dealers in the following months.
While Black Friday was originally conceived by brick-and-mortar retailers who tried to lure turkey-fed holiday shoppers in with the best offers, this year’s Thanksgiving weekend will likely look much different to previous ones. As the coronavirus conti…
American billionaires haven’t been just immune to the pandemic, they have been thriving in it, drastically increasing their collective wealth. An analysis by Chuck Collins at the Institute for Policy Studies found that American billionaires have been t…
I hope you had a wonderful Thanksgiving. In bear land, we would have preferred Tanks Giving. But the market doesn’t seem to want to do any tanking.
According to the latest unemployment data released by the Department of Labor ahead of Thanksgiving weekend, the number of Americans newly applying for unemployment benefits through state programs crept up ever so slightly for the second week running. …
A new report from the Government Accountability Office has detailed the Trump administration’s efforts to acquire land on America’s southern border to facilitate construction of the president’ border wall. So far, the government has secured 135 tracts …
Our overweening faith and confidence in our wealth and power make this a dimly lit Thanksgiving.