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…
Currently, compared to the pre-lockdown dynamics, daily cases and deaths in the U.S. warrant continued, if not accelerated severity of lockdowns, as opposed to relaxation of restrictions:In Europe, in contrast, new cases are relatively benign and curre…
Relaxation of the Covid19 pandemic restrictions is gaining momentum worldwide, with clusters of renewed concerns over the ‘second peak’ or ‘second wave’ dynamics. The problem is that global pandemic numbers remain extremely worrying:Total new cases are…
This data tells us exactly what the big picture is right now, while Wall Street economists are still scratching their asses and trying to figure out what the government statistician manipulated data will be and will mean. And the first report from that government data is still 13 days away.