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.
The Department of Labor attached a technical note to its weekly report on unemployment claims. The state of California has announced that it is suspending the processing of initial claims filed by (former) workers in that state. Government officials have decided to pause their efforts for two weeks so as to try and sort out […]
The jobs recovery in the U.S. appears to be slowing down, according to new data from the Bureau of Labor Statistics. Industries hit hard are finding it difficult to claw back to normalcy, even as reopening measures persist across the country. Many in t…
Overall jobs growth in the U.S. is slowly grinding to a halt, with September’s numbers from the Bureau of Labor Statistics highlighting a troubling trend that leaves over 10 million jobs still lost from April’s calamitous crash. The industry undoubtedl…
CUSIP: 912810SP4Term and Type: 29-Year 10-Month BondSeries: Bonds of August 2050Reopening: YesInterest Rate: 1.375%High Yield: 1.578%Price: $95.183187Allotted at High: 18.34%Total Tendered: $53,262,282,500Total Accepted: $23,643,373,500Auction Date: 10…
The status quo is about to discover that it can’t stop the hard rain or protect its fragile sandcastles.
EU27 and the U.S. deaths counts are now running above the levels at which Winter 2020 lockdowns were imposed