Put another way: the elites have cannibalized the system so thoroughly that there’s nothing left to steal, exploit or cannibalize.
Airbnb has once again delayed its long-awaited IPO filing for it not to be overshadowed by the uncertainty surrounding the U.S. election. The market-leading short-term rental company was originally planning to go public this spring, only to see its pla…
UK monthly GDP continues to recover after having experienced the biggest dip on record in April when the measure was down 19.5 percent compared with March. Between August and September, GDP in the UK rose for the fifth consecutive month but the pace ha…
The U.S. has experienced a soaring rate of coronavirus infections in recent weeks with the number of new cases surpassing 140,000 on Wednesday, an all-time high. Earlier this week, the number of Americans in hospital with Covid-19 topped 60,000 for the…
The chart pattern on the ES fuctures over the past two days is unintelligble gibberish. The November uptrend is broken, but a downtrend hasn’t been established. Instead the past two days have seen a messy, tight trending range of mini-cycles lasting less than a day. Great for trading 1 minute bars and not much more.
But here’s the thing.
It’s still bullish. Take a look and see why.
Last week, the United States formally left the Paris Climate Agreement, becoming the first country to ever leave an international pact on climate change. U.S. President-elect Joe Biden has vowed to reverse several of Donald Trump’s policies and he has …
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.
Reported direct from the bowels of the NY Fed
Europe’s problems are more immediate. Encouraging news about Pfizer’s vaccine won’t change the European circumstances in near enough time to avoid what’s more and more looking like a real possibility for a retrenchment. In this case, COVID cases are a primary culprit, meaning how authorities over there are responding to their rise. As such, it […]
In such a highly polarized, politicized environment, is such a scrupulously objective study even possible?