The sands beneath what’s scarce and what’s over-abundant are shifting.On a recent visit to the welding shop where my niece’s husband works, I asked him if they had enough welders for their workload. His answer surprised me: “If you asked every wel…
30 Year Tips Auction Results
While the economy burns, the stock markets are literally going bonkers.
U.S. household debt decreased by $34 billion to $14.27 trillion in the second quarter of 2020, marking the first decline since the second quarter of 2014. While many may have expected debt levels to rise amid the pandemic, the drop-off in consumer spen…
After Goodyear banned its workers from wearing “Make America Great Again” baseball caps, President Trump took to Twitter to urge his supporters to boycott the tire manufacturer. He tweeted “Don’t buy GOODYEAR TIRES – They announced a BAN ON MAGA HATS. …
Apple became the first U.S. company to hit a market capitalization of $2 trillion on Wednesday, after its share price briefly climbed beyond the $467.77 mark needed to reach said milestone. Apple is only the second company in the world ever to reach a …
The kerplunk herd round the world.
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
$3.601B Treasury Coupon Purchase 2020-08-20
This does not include the final settlement of previous forward MBS purchase contracts, which is material because today was the last MBS settlement for August.
We have to be somewhat careful in making too much out of statistics taken at extreme times like these. Massive moves can trigger unreliable noise in them. The second quarter of 2020 qualifies in every possible way. And the numbers it has produced are certainly extreme.Late last week, the Bureau of Labor Statistics (BLS) issued […]