There will be a severe shortage of QE next week to match up with the end of month Treasury issuance. Bears have a shot there,…
Really what else can you call a market that does this with 30 million unemployed, as many unable to pay rent or the mortgage, some starving, and thousands dying every week from a virus that the Regime keeps trying to cure with bullshit fake remedies.
Sickening.
But none of that matters. There’s only one thing that matters.
The Fed buys the paper from Primary Dealers. The dealers act as middlemen or straw men, acting on behalf of the Fed.
The problem is the economy that’s left has no means of creating tens of millions of jobs to replace those lost as the 1959 economic model collapses.Fundamentally, the economy of 2019 was not very different from the economy of 1959: people went sho…
A brief follow up to Reality Check: As indices, but not the market, keep crawling higher on the unprecedented market expansion in select stocks imbalances are building that suggest reversion risk is […]
ifo Institute’s latest economic barometer for Germany is showing continued signs of recovery in the German economy
Delta has announced that it plans to furlough nearly 2,000 of its pilots unless the CARES Act is extended. That provided the industry with $25 billion in payroll assistance since March in exchange for a halt to employee layoffs, involuntary furloughs o…
Earlier this year, the UN’s World Tourism Organization published estimates on how big the impact of the coronavirus pandemic on international tourist arrivals could be. The most positive of the three scenarios published in May assumed that travel restr…
UN Secretary-General Antonio Guterres released a new report today that draws on UNWTO data to quantify the devastating impact that the coronavirus pandemic has had on global tourism. It warns that up to 120 million tourism jobs are at risk, with the ec…
Yesterday we left with a couple of the intraday cycle projections pointing to around 3440 on the ES fucutures. Well here were are in the wee hourse, and voila! Done!
Will it still be there in 5 hours or so when NY opens? Stay tuned.