Fears over machines aren’t anything new. The Terminator franchise got started in the eighties and was hardly original back then. In gross economic terms, it may seem like the robot invasion is a 21st century phenomenon. It isn’t. One need only go back to Alberta of all places and learn about the Canadian Clifford Hugh […]
Time to follow up on a technical set up I had posted publicly on bonds at the end of December 2019 in It’s not Over. The question was in regards to the […]
After getting a public twitter scolding from President Trump for letting the Dow reverse into red yesterday Jay Powell was not about to let the same mistake happen twice and came fully […]
(NYSE:BAC), at $2.4 trillion in total assets the second largest bank holding company in the US. BAC was a perennial under performer among the large…
The Great White shark is closing its jaws. Bears have been eaten and digested already. Now it’s the bulls’ turn. I’m not saying that the…
The coronavirus began during December, but in its early stages no one knew a thing about it. It wasn’t until January 1 that health authorities in China closed the Huanan Seafood Wholesale Market after initially determining some wild animals sold there might have been the source of a pneumonia-like outbreak. On January 5, the Wuhan […]
As you might imagine, inflation was the hot topic of conversation during the December 2014 FOMC meeting. Having opened up the transcripts for that year to the public last month, we are once more treated to the background behind this theater of the absurd. The final few months of 2014 were when everything came together. […]
We’ve talked about the year 2000 comparison (Party like it’s 1999). In 2020 markets went onto a similar structural tear just having rammed relentlessly higher. In 2000 markets famously topped in March […]
Every once in a while the truth shines through and we got a few doses of it today. Recently critics who suggested that the Fed’s QE policies artificially elevate asset prices were […]
CUSIP: 912796TQ2Term and Type: 56-Day BillCMB: YesHigh Rate: 1.555%Investment Rate: 1.585%Price: $99.758111Allotted at High: 93.30%Total Tendered: $103,462,739,000Total Accepted: $30,000,009,000Auction Date: 02/11/2020Issue Date: 02/13/2020Maturity Dat…