They may just opt out of the whole insane charade and stop paying the mountains of debt and stop trying to prop up the deranging pretense of middle-class snobbery.Though many blame Donald Trump for dividing the nation, the nation was already disunited….
The Fed bought $1.73 billion in Treasury coupons from Primary Dealers today. There’s more to the story.
A look at continued unemployment claims, as reported through the first week of August.
Good news, folks, just in time for the Republican National Convention.
A short term top and minor correction are due but intermediate cycles still point higher. We have more stockchart picks to take advantage either way.
U.S. death rate per capita is 73 percent above that for the EU27. Charts of cases and deaths.
Case and death rates are beginning to moderate. Charts.
“In the darkest hole, you’d be well advised Not to plan my funeral ‘fore the body dies, yeah Come the morning light, it’s a see…
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.