Like the last couple years of the US unemployment rate, increasingly China’s trade data finds itself in isolation without corroboration.
We though the Great Recession was bad… until we got COVID19:
No, folks, the markets are still not in line with fundamentals.
The more deaths, the more the market rallies. Yesterday’s US COVID 19 death toll was 2,528, the highest since April 21. The University of Washington model, which has been pretty accurate, now calls for 3,000 deaths a day in June as states reopen their economies.
Notice how the stock market correlates. Deaths have broken out. Will stocks follow?
Why it’s such a bad idea to even discuss.
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 $6.000B CouponPurchase 2020-05-07
Fed QE $2.50B Coupon Purchase 2020-05-07 NYFed treasury securities operations
Readers ask for specific recommendations for successfully navigating the post-credit/speculative-bubble era and I try to do so while explaining the impossibility of the task.As the bogus prosperity economy built on exponential growth of debt …