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.
Jay Powell’s first order of business is to keep the bond market from breaking down. When the 10 year yield hit 0.975 last week before backing off, the market was at the edge of the abyss. Leveraged dealer bond portfolios were on the brink of disaster.
Covid’s precision-like timing was supernatural – nothing short of sinister.
Capacity Utilization in the United States increased to 72.80 percent in October from 72 percent in September of 2020. Capacity Utilization in the United States averaged 80.08 percent from 1967 until 2020, reaching an all time high of 89.39 percent in J…
Case Shiller Home Price Index in the United States increased to 229.35 points in August from 226.55 points in July of 2020. Case Shiller Home Price Index in the United States averaged 167.49 points from 2000 until 2020, reaching an all time high of 229…
Business Confidence in the United States increased to 59.30 points in October from 55.40 points in September of 2020. Business Confidence in the United States averaged 52.88 points from 1948 until 2020, reaching an all time high of 77.50 points in July…
Car Production in the United States decreased to 2.32 Million Units in September from 2.49 Million Units in August of 2020. Car Production in the United States averaged 5.86 Million Units from 1967 until 2020, reaching an all time high of 9.92 Million …
Chain Store Sales in the United States decreased to 1798 USD Million in August from 1849 USD Million in July of 2020. Chain Store Sales in the United States averaged 6188.24 USD Million from 1992 until 2020, reaching an all time high of 15875 USD Milli…
With Thanksgiving less than a week away, Americans typically start thinking about the upcoming holiday season, making plans for what is supposed to be a joyous occasion. 2020 being 2020, the holiday preparations will be a lot less joyful for many Ameri…
It won’t be safe to trade until the market gets through certain levels, one way or the other.