Slight moderation in the economic contraction in Brazil, India and Russia, with return to Services sector growth in China
It’s called survivor’s or survival euphoria. Having just gone through a traumatically dangerous experience, and lived, a person might naturally become euphoric for it. Not uncommon in combat situations, your body marshals all its resources including many physiological responses and counteractions. When it’s all over, there’s evolution working overtime in your brain rewarding these survival […]
Well, they’ve done it again. The Fed has once again managed to erase the larger market pain. This time it was not the standard correction that was erased, this time they erased […]
The line items of the Fed’s Pandemic Panic Emergency Programs get a lot of media and analyst attention these days. What a waste of time and energy. Let me explain why.
Sell in May and go away.
As the old models break down, opportunities for new models will arise.Unstable, unsustainable systems can lull observers into a comfy complacency as instability increases beneath a thin veneer of apparent stability.That’s the systemic story of the…
Updating charts for COVID19 for Russia:Noteworthy: Russia cases and death counts are now breaking out of the prior trend, both to the upside.
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: $2.100B Coupon Purchase 2020-06-03 NY Fed treasury securities operations
Updating my charts comparing EU27 to U.S. experiences in the pandemic: