And you can probably guess what it is.
It’s baldly obvious.
The last shred of power the elites hold is the belief of the masses that the elites are still in control.I understand the natural desire to believe somebody’s in charge: whether it’s the Deep State, the Chinese Communist Party, the Kremlin or Agen…
We know that total liquidity is still growing. The Fed is still printing and pumping money into the system at an historic rate. That rate is well above the norms of the original QE back in 2009-10, but well below the peak panic levels of March and April. The Fed has been dialing it back from the extreme pumping it reached at the market bottom in March.
Ay, but theres’s a rub, and it’s not barbecue. It’s an irritant. And the markets won’t like it.
Dissucs
Fed QE: $1.731B Coupon Purchase 2020-06-22 NY Fed treasury securities operations
Last week was wild and wooly. The volatility suggests illiquidity, which at this stage is not bullish. It’s consistent with the idea I’ve espoused in Liquidity Trader reports that the Fed not supplying sufficient liquidity to support an uptrend.
But the technical stuff says, “Ay! Not so fast!”
You thought that monkey on your back was light as a feather, but now it transmogrified overnight into a crushing gorilla.Dear junkies addicted to the Federal Reserve’s free-money smack: like all addicts, you firmly believe you’re not addicted.&nbs…
The data shows that the US economy has been weakening sharply since the beginning of June. That follows May’s dead cat bounce, which Dear Leader Trump and Wall Street had all touted as recovery. Uh… no.
Here’s why.
McKinsey’s handy graphic summarizing expected and actual outcomes of the racial inequality in terms of access to learning and education during the lockdowns phase of the pandemic:Pretty self-explanatory.
Sweden is a now a verifiable basket case amongst the Nordic countries when it comes to the country management of the COVID19 pandemic:The two charts above show that Sweden performance in both daily cases and deaths has been truly shockingly poor, compa…