US GDP both nominal and real came roaring back in Q3. Posting its largest single quarter gain ever, and it’s not even close, the domestic economy appears to have surmounted the COVID obstacles as well as others imposed by Q1’s GFC2. These estimates are the most gigantic yet. By the numbers, real GDP was $18.6 […]
After suffering a first contraction after 23 consecutive quarters of growth in Q1 of 2020 and experiencing the steepest decline ever recorded in the second quarter, U.S. GDP growth has jumped up again in Q3. According to an advance estimate published b…
The city of Berlin has proven that constructing a new airport can in fact qualify as an epic feat of history. After approximately 14 years and 2 months, the city’s new airport known as BER for its call letters is finally opening its doors this Saturday…
As with the first set of lockdowns, the restrictions meant to curb the renewed spread of Covid-19 in Europe are happening fast and all at once.Spain and France, where a second wave of infections spread from mid-July, led the way by imposing local lockd…
If you are a trader or investor, you know the significance of this day.
Heathrow published its Q3 financial results yesterday and, aside from a drop in earnings of 82 percent compared to 2019, the company also reported that it had been overtaken by Charles de Gaulle as the busiest airport in Europe in terms of passenger nu…
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.
Straight from the bowels of the NY Fed, give us this day, our daily bread.
What the political class and the Financial Nobility don’t yet grasp is that ALICE will never go back to her insecure, low-wage job, ever.
I’m not sure, but I think I see signs that the US markets might gap down this morning. One can never be sure about these things, but my 53 years of watching markets virtually every day gives me an advantage. I can see the faintest suggestions of market…