At least for now, for the markets its Weirder the better.
China’s Caixin Composite PMI came down a little bit in the month of September 2020. According to the latest update, the country’s manufacturing sector index declined by a small amount while services accelerated only modestly. Combined, the manufacturing side worked out to contribute more to the composite than services, so the score for last month […]
We are woefully unprepared for a long run of bad luck.
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 July and August, GDP in the UK rose for the fourth consecutive month but the pace has sl…
According to website CoinMarketCap, all bitcoins in the world were worth around 202 billion U.S. dollars as of October 9, 2020 – more than five times as much as those of the next biggest crypto currency, Ethereum. But Bitcoin used to be worth even more…
The EU and Schengen area countries reopening to travelers from outside their borders amid the ongoing COVID-19 pandemic on July 1. Out of 14 countries initially named, ten remain on the list of places from which residents can enter the EU again, with C…
During the vice presidential debate on Wednesday, Republican incumbent Mike Pence claimed that there are no more hurricanes today than there were 100 years ago. Is this true? Only partly, as our graphic shows: While the number of hurricanes varies from…
Two German cities, Munich and Frankfurt, were found to have the highest risk of a housing bubble developing in a recent survey released by investment bank UBS. Other cities at risk were Toronto, Hong Kong, Paris, Amsterdam and Zurich.In Munich and Fran…
Going through my stock screens this morning, I was shocked at how bullish the output was. Chart after chart. Sells were few and far between.
I think we’re going to have to grit our teeth for awhile. But this isn’t a surprise. We knew for a coupl…
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.