CUSIP: 912796TK5Term and Type: 21-Day BillCMB: YesHigh Rate: 1.585%Investment Rate: 1.613%Price: $99.907542Allotted at High: 62.27%Total Tendered: $108,569,930,000Total Accepted: $40,000,300,000Auction Date: 02/18/2020Issue Date: 02/20/2020Maturity Dat…
This collapse of price will manifest in all sorts of markets that are based on debt-funded purchases of desires rather than a warily prudent priority on needs.Since markets are supposed to discover the price of excesses and scarcities, i…
The question is what kind of roll it is. This report tells you how to tell. Subscribers, click here to download report. Try Lee Adler’s…
The overnight market got hit with more Coronabear virus worries. It gave the dealers another opportunity to load up their long inventories. You know what…
We’re all frogs getting our perception of reality boiled in the pot of price perversion central banks have unleashed on the world. A tragicomedy of epic proportions continues to unfold in front […]
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.
The eventual price of substituting magical thinking and survivorship bias for actual evidence will be far higher than the complacent realize.Here’s a sampling of complacent assertions being made about the COVID-19 virus as if they were certitudes:It’s …
UPDATE- A few minor corrections. Federal revenues soared in January. Spending soared more. A lot more. Despite all that stimulus, the tax data suggests that…
Over the weekend more stimulus chatter from the Chinese and voila the post holiday market losses in China were erased no matter how severe the impacts on the Chinese economy may be. […]
As the asset bubble roars on it is time to check in on $AAPL, one of the 4 horsemen of the Megacapocalypse. Four stocks not only controlling and dominating so much of […]