Curiously short on star power, the Jackson Hole gathering this year has already taken an odd turn. It’s been practically subversive.
What a day and week! Sven shows us in charts.
This is a chart of an informal kleptocracy which cloaks itself in the faux finery of democracy and a (rigged) “market” economy.
It’s becoming fashionable again to dismiss manufacturing. But maybe they shouldn’t.
Why doesn’t the government just check payroll tax collections instead?
CUSIP: 912810SG4Term and Type: 29-Year 6-Month TIPSSeries: TIPS of February 2049Reopening: YesInterest Rate: 1.000%High Yield: 0.501%Price: $115.685230Allotted at High: 48.33%Total Tendered: $18,927,012,800Total Accepted: $7,000,015,200Auction Date: 08…
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.
For a cabal of superpatient supergeniuses, the Chinese tend to play with fire quite often.
The yield curve’s inverted! The yield curve’s inverted!