This week the headlines declared the bear market over as the S&P 500 joined the Nasdaq to make new all time highs. A new bull market has begun so the celebratory narratives. […]
The Fed buys the paper from Primary Dealers. The dealers act as middlemen or straw men, acting on behalf of the Fed. The dealers purchase newly issued bills notes or bonds from the US Treasury. They in turn sell that paper to the Fed with a markup. That markup is their skim.
The money that the Fed deposits in payment is then their cash to use for trading whatever they want. Usually that includes a big slug of equities, in addition to Treasuries and whatever else they make markets in.
Here’s what they did yesterday.
The Fed’s stunning pandemic response has greatly exacerbated at least two pernicious dynamics – Inequality and Moral Hazard.
The good news: the World Trade Organization (WTO) has crunched the numbers for 2020’s horrific second quarter and where global trade is concerned it may not have been as bad as first feared. Make no mistake, it was bad but not crashing down as far as the most pessimistic of the dreamed-up scenarios. Given where […]
All those who believe the ‘privatized totalitarianism’ of Big Tech ‘platform plantations’ are ‘capitalism’ have been brainwashed into servitude by Big Tech’s pretense of capitalism.What do you call an economy of monopolies without competition or any re…
Almost one in three – or 32 percent – of all cars produced worldwide in 2019 came out of China. As shown in numbers by the automobile manufacturers’ association OICA, the world manufactures less cars than it did in 2014, but several Asian markets actua…
Still miniscule compared to pre-pandemic earnings, which averaged above $150 million per week this year.
After the record for the world’s biggest IPO was just broken in December when Saudi state-owned oil company Saudi Aramco went public on the Riyadh stock exchange, payment provider Ant Financial is now on track to set the bar a little bit higher once mo…
Activist group Avaaz has released a new report highlighting the extent of health misinformation on Facebook. It states that the company is failing to keep people safe and informed during the pandemic and that anti-vaccine communities, conspiracy theori…
I have this weird feeling like we’ve been here before.
I can’t quite put my finger on it.