Today’s QE.
The longer intermediate cycles say that the market is heading much higher. Shorter cycles point to more limited upside. But the whole shebang is fragile…
Is a so-called “safe haven” losing almost 4% in a single week really a safe haven? Rising yields were a global phenomenon this week.
Markets have rebounded significantly after a tumultuous two months of COVID-19 economic panic in March and April. While top indices like the S&P 500 are just starting to creep into positive territory for the year, large tech companies are sitting prett…
Federal pandemic unemployment benefits of $600 a week ended at the beginning of August, leaving many in the U.S. desperate for an extension or a new form of income. Despite pleas from Americans to extend the insurance due to continued job losses and bu…
This is why denormalization is an extinction event for much of our high-cost, high-complexity, heavily regulated economy.A collapse of major chunks of the economy is widely viewed as “impossible” because the federal government can borrow and spend unli…
By now, you’ve heard all about the $2.8 trillion budget deficit so far this year.
Old news. With more pandemic spending on hold, the monthly deficits will shrink. Good news, bad news. Here’s why.
The true picture of COVID-19’s economic impact is graually becoming clearer. Flash estimates for the Europe were released today by Eurostat and indicate that GDP in the EU sunk by 14.1 percent in the second quarter of 2020 when compared to last year. A…
According to the latest unemployment data released by the Department of Labor on Thursday, the number of Americans newly applying for unemployment benefits through state programs fell below one million for the first time since the pandemic hit the U.S….