Total nonfarm payrolls as reported by the Trump Regime Bureau of Liar Statistics rose 2.25 million on a not seasonally adjusted basis, before downward revisions for March and April. This is based on a comparison of the year to year change for May vs. the year to year change for April.
Hidden beneath the headlines was a lot of bad news.
In fact, I can’t think of anything more bullish, can you?
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: $5.000B Coupon Purchase 2020-06-05 NY Fed treasury securities operations
A perpetual motion machine is impossible, but what about a perpetual inflation machine? This is supposed to be the printing press and central banks are, they like to say, putting it to good and heavy use. But never the inflation by which to confirm it.So round and round we go. The printing press necessary to […]
Good Morning. It’s May 35, 2020 and here’s how it looks today.
That which has failed is unsustainable, no matter how many trillions the Federal Reserve tosses against the tides of history.The chapter titles of Michael Grant’s excellent account of The Fall of the Roman Empire identify the core dynamics of…
Fed QE $1.000B TIPSPurchase 2020-06-04 NYFed treasury securities operations
Fed QE $3.500B Coupon Purchase 2020-06-04 NYFed treasury securities operations
Lowest on record
