The ISM’s Manufacturing PMI rebounded sharply in January 2020, according to preliminary assessments. December’s figure was revised upward to 47.8 from 47.2, which had been a decade low, and that’s only where it began. The first estimate for the twenties exploded out of contraction, or what’s associated with the idea, to reach 50.8. It was […]
New York | Last week, Goldman Sachs Group (NYSE:GS) held its long awaited investor day event. As GS says on its web site: “Our senior…
Containment indeed. The PBOC went into full intervention mode last night trying to minimize the market damage that had been building in futures for the week that Chinese markets were closed. Rate […]
The question is, “For what?” Here’s the answer, not in so many words. Subscribers, click here to download report. Try Lee Adler’s Gold and Mining…
The PBoC did a nice job of stopping a worldwide crash this morning. It pumped a gazillion yuan into their banking system and bankers instantly found a way to get it out of the country to bolster foreign markets.
At home, not so much.
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.
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 we accept what is known about the virus, then logic, science and probabilities all suggest we brace for impact.Here’s a summary of what is known or credibly estimated about the 2019-nCoV virus as of January 31, 2019:1. A statistical study from highl…
There’s a lot of that infuriating, “On the one hand–On the other hand,” stuff in today’s report. On the one hand, I hate when that happens. On the other hand, it is what it is.
But the good thing is that there are clear parameters that should tell us what to expect as the week begins.
The fight for containment is on and so is the effort at damage control. Chinese markets are set to open again tomorrow having been closed for days. As has become common practice […]