The Federal Reserve Bank of New York today announced that the Secondary Market Corporate Credit Facility (SMCCF) will begin purchases of exchange-traded funds (ETFs) on May 12.
Compared to every other manufacturer, Kia’s production facilities in Mexico were positively booming. According to that country’s Instituto Nacional de Estadística y Geografía (INEGI), last month the Korean carmaker produced 1,907 of its Forte model. Yet, that small amount accounted for more than half of all light vehicles assembled during the month of April 2020.For […]
The trends for the nation as a whole looked good as of Sunday May, 10. 20,329 new cases were reported Sunday. That’s down from 27,348, the previous Sunday. 25,524 cases were reported Saturday, May 9, down from 29,744 the previous Saturday. But unfortunately, that’s not the whole story.
G7 is a rather exclusive club of the 7 ‘largest’ and, according to their own aspirations, most important – economically and geopolitically – economies. Except, of course, it isn’t.The latest IMF data (through 2019) and forecasts (for 2020-2021) publish…
The BLS reported a seasonally adjusted 20.5 million jobs lost in April and stocks rallied on the news. Wall Street loves both death and unemployment apparently.
Stocks are selling off this morning but the trend still favors the bulls. Here are the parameters to watch that would confirm, or signal a change.
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 $1.750B TIPSPurchase 2020-05-11 NY Fed treasury securities operations
Fed QE $1.600B Coupon Purchase 2020-05-11 NY Fed treasury securities operations
It’s not that hard to forecast a populist revolt against the parasitic class that’s grown obscenely wealthy as a direct result of Fed policies.Under the tender care of the Federal Reserve, America’s wealth inequality has skyrocketed to new heights of o…