In the nime of Jaysus (Powell)! Praise the Load! Burn thine disco inferno. Burn baby burn!
The market is discounting a Biden landslide. Remember two weeks ago. The papers said that the market was selling off because of Biden’s growing lead in the…
Fed QE: $12.801B CouponPurchase 2020-07-06
Given the extremes of the stock market’s frauds and even greater extremes of wealth/income inequality it has created, tell me again why the stock market will still exist in 2024?When I read a financial pundit predicting a bull market in stocks through …
Updating U.S. vs EU27 charts. Main conclusions in the charts, so click to enlarge these:Death rates and deaths: key here, the U.S. is now within four-five days from completely overtaking the EU27 in the number of total fatalities, without even adjustin…
No over-the-peak, yet for world cases:Deaths are persistently high, and trending up, and are too far lagged to reflect that last 10 days of massive global uplifts in new cases. 7-days average of deaths is at 4,625, which is 0.62 standard deviations hig…
Germany’s ifo Institute issued a new growth outlook for Eurozone economy:”Overall, the eurozone economy is likely to see a sharp recession in the first half of 2020. “GDP already contracted in Q1 by 3.6%. “In Q2, the decline of GDP is forecas…
The second quarter was momentous for reasons beyond huge securities markets gains. Speculators and investors do “now believe central banks will exercise complete control over asset prices for the foreseeable future.” There is no longer any shred of doubt: Highly synchronized global market Bubbles are the ultimate “Too Big to Fail.”
I have been running a regular update on my ‘America’s Scariest Charts’
Not only will there not be a recovery, but there can’t be a recovery, as those brittle extremes have been lost for good. How did the global economy end up teetering on a precarious financial precipice? To formulate a cogent answer, let’s take a whi…
Note: charts below are not updated for full 2Q 2020 data on Global Services and Composite PMIs, which are yet to be reported for June and thus cover April-May period only. I will update these later.Starting with Services sector activity:BRIC Services i…