Continued unemployment claims and others.
I don’t have the answer. The market seems a bit conflicted. Here’s what to look for today with updates to follow throughout the day.
As the inverted pyramid collapses, the effects will be non-linear.Round about late March, we entered a Financial FantasyLand in which all the sins and excesses of rampant financialization were going to be painlessly washed away. Mever mind the ent…
The Trump Regime and its minions like Mo Ron DeSantis in state governments have been telling us that the daily record breaking COVID infection rate isn’t a problem because the death rate is way down. That’s good news, they say.
Well not anymore.
Raising red flags during a bubble is a thankless job. The crowd gleefully cheers the momentum and as tops are processes anyone voicing contrarian reservations looks to be wrong while the bubble […]
And there’s today’s headline. And what time is it when it’s 9:30 AM in New York? That’s right kids…
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.
Fed QE: $1.201B TIPS Purchase 2020-07-09 NY Fed treasury securities operations
Something will have to give, and on an increasingly more proximate timeline, although we have no idea when that timeline runs its course…
Italy had been one of hardest hit countries, if not the worst for a good while. For months rather than weeks, life was shut down in an effort to get ahead of COVID-19 while it ravaged seemingly unchecked. It became a buzzword of sorts, the name of the nation synonymous with the pandemic itself. Don’t […]