Common sense says that as case numbers increase, tax collections would fall and vice versa, REGARDLESS of whether governments imposed lockdowns. So my expectation was that as governors across the country lifted restrictions, case numbers would rise, and tax collections would fall.
Well here we are.
I’ve been watching markets since the late 1960s. This is the worst news environment I have ever seen. Frankly, it is so bad that I just can’t see any way that the US stock market could ever go down again. There’s just too much bad news.
Fed QE: $2.401B TIPS Purchase 2020-06-30
Monetary authorities are underwriting government and private corporate debt for larger companies, starving out smaller ones.
After the Diamond Princess cruise ship docked in Tokyo with tales seemingly spun from some sci-fi disaster movie, all eyes turned to Japan. Cruisers had boarded the vacation vessel in Yokohama on January 20 already knowing that there was something bad going on in China’s Wuhan. The big ship would head out anyway for a […]
The New York Fed today announced that the Primary Market Corporate Credit Facility (PMCCF) is operational and available for use beginning June 29.
Continued deterioration in May.
New York | Last week the Federal Reserve Board made public the annual stress test results, a financial media circus that celebrates the bank stress…
Gold has edged above resistance this morning. Is it a breakout, and if so, what does it mean? This report has answers and a few mining picks to dig.
Fed QE: $1.735B Coupon Purchase 2020-06-29
