President Trump mentioned the unemployment rate seven times during his third State of the Union address delivered on Tuesday. It was obvious why he did (though I had expected twice that number). His reelection largely stands on where enough people believe the economy stands. He was, after all, elected four years ago to fix what […]
When you’ve been lied to, you’ve been betrayed. Betrayal has consequences.Unsurprisingly, denying the pandemic is unstoppable and consequential is the order of the day: authorities everywhere are terrified these realities might leak through all th…
Are central banks, in their desperate quest to intervene big time pig time all the time to extend the business cycle at all costs, setting up bulls for a dive off of […]
Look Out! Intraday Charts Are On the Brink – Stock Market Trading Setup for Friday, February 7, 2020
The Hurst 5 day cycle projection was at 3375 at the close in New York yesterday. We got a breakout above the old high, and…
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.
I wrote a few months ago that Germany’s factories have been the perfect example of the eurodollar squeeze. The disinflationary tendency that even central bankers can’t ignore once it shows up in the global economy as obvious headwinds. What made and still makes German industry noteworthy is the way it has unfolded and continues to […]
New highs again for tech as $NDX keeps relentlessly crawling higher,
James Kwak talks about what’s wrong with economics.
CUSIP: 912796TQ2Term and Type: 56-Day BillCMB: YesOffering Amount: 30 BillionAnnouncement Date: 02/06/2020Auction Date: 02/11/2020Issue Date: 02/13/2020Maturity Date: 04/09/2020PDF | XML
Once again investors are made to believe that nothing matters. Only 2 trading days after Friday’s sell off $NDX made new all time history highs. Only 3 days after Friday’s sell-off $SPX […]