It looks that way, but it’s not out of the woods. The same goes for the mining stocks. This report shows what needs to happen.…
It seems that social distancing is the primary strategy for slowing the propagation rate of COVID-19. But does it work?
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.
We have new short chart picks as a variety of methods point to a target of 1300 on the S&P. It should take years.
By James Kwak The airline industry is trying to hold up the federal government for $29 billion in grants and another $29 billion in loans. They threaten that if they don’t get the grants they will lay off employees, and that if they don’t get the loans they will use their remaining cash on dividends … Continue reading COVID-19: Not One Penny →
No market video this weekend as my wife has threatened to quarantine me to the woodshed if I put the time into a producing a video. No, she’s right, time to decompress. […]
Essential home lockdown reading.The pandemic is revealing to all what many of us have known for a long time: the status quo was designed to fail and so its failure was not just predictable but inevitable.We’ve propped up a dysfunctional, wast…
Our business and household sectors are losing lots of money every day, and will continue to lose money for the foreseeable future. People no longer spend money at restaurants. Restaurant owners can no longer pay the rent or pay back their business loans. Restaurants fire their workers, who lose their paychecks and … Continue reading COVID-19: Who Bears the Losses? →
This was inevitable. Aggressive monetary stimulus foments market distortions, while promoting risk-taking, leveraged speculation and latent risk intermediation dysfunction. Years of deranged finance ensured unprecedented economic imbalances and deep structural impairment.
I can’t even. And still, the stock market melts down.
We are so effin doomed.