Given the exquisite precariousness of the global financial system and economy, hopes for a brief and mild downturn are wildly unrealistic.If we asked a panel of epidemiologists to imagine a virus optimized for rapid spread globally and high lethality, …
Coronavirus cases in China have surpassed 76,000. Deaths have reached 2,345.
Hapless bagholders have two options: buy the dip and be destroyed, or hang on hoping for a reversal and be destroyed. One often overlooked characteristic of the current stock market bubble is the extremely small exit for sellers trying to avoid becoming…
The amount of Fed Not QE outstanding has reached a new record of $548 billion as of February 20. That number will continue to increase…
In life you can always tell when someone has something to hide by the way they try to avoid answering a direct question, when they dance, skirt and try to dodge the […]
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.
If you think global demand will rebound as global debt and confidence implode, you better not be making consequential decisions based on Euphorestra-addled magical thinking.Even before the Covid-19 pandemic, the global economy was slowing for two reaso…
The February supply increase caused the bond rally to stop in its tracks. But that will change in March. Subscribers, click here to download the…
The recognition that this market is in a bubble (something I’ve been writing about extensively) has gone mainstream and banks are recognizing is now too. This week JP Morgan’s Kolonavic is also […]
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.