Re-opening a fragile, brittle, bankrupt, hopelessly perverse and corrupt “normal” won’t fix what’s broken.The stock market is in a frenzy of euphoria at the re-opening of the economy. Too bad the re-opening won’t fix what’s broken. As I’ve been no…
The numbers just don’t add up. Even if you treat this stuff on the most charitable of terms, dollar for dollar, way too much of the hole almost certainly remains unfilled. That’s the thing about “stimulus” talk; for one thing, people seem to be viewing it as some kind of addition without thinking it all […]
Most everyone has heard of the Chinese proverb – or curse – that wishes one to live in “interesting times”. You’ve probably also heard that in Chinese the word “crisis” is composed of two symbols, one that denotes “danger” and another that means “opportunity”. Well we certainly live in interesting times and there is indeed […]
Some dire numbers from Factset on changes in consumer preferences / sentiment through March-April 2020:”cAccording to The Conference Board, consumer confidence has weakened significantly with the overall index falling from 118.8 in March to 86.9 in Apri…
BRICS and other major emerging economies: growth impact of COVID19Note: Arrows indicate the change in Bloomberg consensus forecasts for growth and inflation from 2019 to 2020Source: Bloomberg, Macrobond Financial, Danske Bank
The chart pattern may look like a top but cycle projections suggest something big is in store. Subscribers, click here to download report. Try Lee…
The fragile ice shelf of speculative bets and debt clinging to the mountainside is making strange creaking sounds– will you listen or will you ignore it because ‘the Fed has our back’?Feast your eyes on the chart below of the Nasdaq 100 stock market I…
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.
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.
I put together this data today on what happens when a country foregoes lockdowns. Sweden made that choice from the beginning. It’s demographically similar neighbors,…