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.
McKinsey research note on European banks’ potential losses due to COVID19 is quite on the money:With more than 1/3rd of European executives expecting “a muted recovery that would lead to sharp drops in banks’ revenue, a squeeze on their capital, and a …
The U.S. media has been quick in accusing Russia of stirring the current wave of violence that is sweeping across the U.S. cities. As daft as it may sound, Russia has now been effectively elevated to the national cause of every malaise in many major U….
BRIC Manufacturing PMIs are out for May, showing some marginal improvements in the sector. However, of all four economies, China is the only one that is currently posting activity reading within the statistical range of zero–to-positive growth. Brazil…
On February 16 in $AAPL Check I had issued a technical warning on $AAPL as it was trading at around $325. The technical warning came with a recognition that the stock was very […]
Daily new cases.
Gold is due for a pullback, but what if it doesn’t? What should we expect?
Our ruling elites, devoid of leadership, are little more than the scum of self-interested, greedy grifters who rose to the top of America’s foul-smelling stew of corruption.The Founding Fathers were wary of institutional threats to liberty and the citi…
I said last night it didn’t seem like a buy the dip moment.
Wrong.
Fed QE $7.000B CouponPurchase 2020-06-01 NYFed treasury securities operations