To the degree that it’s true, the idea that the US economy is recovering is a catastrophic notion for the financial markets. Surprisingly, the withholding…
Honestly, what did everyone think was going to happen? I know, I’ve seen the analyst estimates. They were talking like another six or seven perhaps eight million job losses on top of the twenty-plus already gone. Instead, the payroll report (Establishment Survey) blew everything away, coming in both at two and a half million but […]
The bill for extreme wealth/income inequality is now overdue, and the penalties for ignoring the bill will be as extreme as the inequality.Our socio-economic-political system–let’s call it the status quo–has been hollowed out by extremes of weal…
Some updates on the jobs report this morning for the U.S.Political reaction:Reality bites:New initial unemployment claims last week: 1,603,000. Putting this into perspective:Which brings latest non-farm payrolls figures back to 1Q 2000 levels:So, yeah,…
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.