From the NY Fed yesterday, plus what’s coming up.
In recent weeks, tension has been growing in the Aegean Sea amid a Greek and Turkish argument over energy reserves in the Eastern Mediterranean. In July, Turkey dispatched a research vessel called the Oruç Reis to conduct drilling operations in the dis…
The devastating economic impact of the pandemic in the United States is pushing increasing numbers of young people to move back in with their parents. A recently released Pew Research Center analysis has found that a majority of 52 percent of Americans…
Here’s why the other shoe hasn’t dropped yet, but where it might.
Pretense and PR are not reality, and believing the Old Normal will magically be restored with sacrifice-free Federal Reserve printing is not an actual strategy.Quick history quiz: who was the second-to-the-last Emperor of the Western Roman Empire? …
A confluence of factors led to this week’s sell-off in markets. In the lead up to this week’s market top we saw all the classic signs: Weakening participation, highly overbought readings, vast […]
QE fundamentally changed finance. Aggressive Fed stimulus exacerbates dangerous financial excess and economic maladjustment – fomenting precarious “Terminal Phase” Bubble excess. Fueling a spectacular equities speculative melt-up comes with great risk. Spurring the issuance of Trillions of mispriced corporate Credit will haunt the system for years to come.
The BLS provides seasonally adjusted (SA) data to make it impossible to see what actually happened in the first report each month. They do it to give economists and Wall Street mouthpieces something to do. Meanwhile, it’s much easier to see the truth with the actual not seasonally manipulated data (NSA).
Here are a few charts showing August data in the context of actual historical data NSA.
Earlier this week, United announced it would be putting just over 16,000 workers on involuntary and indefinite furlough at the beginning of October unless the government announces an extension to the CARES Act which has been providing vital payroll ass…
Earlier this week, the Centers for Disease Control and Prevention put forward temporarily halting residential evictions to prevent the further spread of COVID-19. “Eviction moratoria facilitate self-isolation by people who become ill or who are at risk…