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In yet another expansion of The Fed's intervantionary reach into 'markets', The Fed has decided to "expand its program of support for flow of credit to the economy by taking steps to enhance liquidity and functioning of crucial state and municipal mo
The Great Panic of 2020 is already one for the history books. Yet the damage has only just begun.
Historic Day: Fed To Buy A Record $107 Billion In Securities Today Alone As Fed Balance Sheet Explodes
There is just one word to describe fund flows over the past week: sheer, unadulterated panic, and this time instead of dumping equities investors are also puking fixed income left and right.
Last week, in the aftermath of the historic oil price collapse, we warned that the long-awaited "fallen angel" day has arrived, as $140 billion in oil producer (and up to $360 if one includes the mid-stream companies) investment grade debt was on the
Back in December, someone in China made bat soup (at least according to the officially accepted narrative that doesn't get you banned on Facebook, Twitter, etc), and the rest is history: in the next three months, the global equity market has lost $24
Whether you think the global pandemic is "just the flu" or you realize it's the real deal, one thing is difficult to debate " many Americans are already feeling the economic pain being caused by the outbreak and the measures taken to stop it.
Researcher Hans Rosling uses his cool data tools to show how countries are pulling themselves out of poverty. He demos Dollar Street, comparing households of varying income levels worldwide. Then he does something really amazing.
Lehman Playbook Continues: Fed Unveils Another Bailout Fund To Avoid Money Market Funds 'Breaking The Buck'
All bubbles pop, period.
Overnight saw the addition of yet another four-letter-acronym bailout fund from The Fed but signals from the market suggest that they are once again losing control of the dollar-shortage-driven liquidity crisis as the FRA-OIS spread has started to ri
Yesterday, Wall Street traders feverishly passed around a note that without a shred of evidence claimed "that Risk Parity has blown up" ....
The next stimulus deal will include targeted lending for certain industries, which Senate Majority Leader Mitch McConnell (R-KY) called a "rapid injection of cash" for small businesses, according to Bloomberg.
"Next five years is not about winning but surviving." This is the headline of an article I wrote in early August 2019. At that point I was primarily thinking of economic survival.
Update (1423 ET): Lawmakers are pushing back against a Boeing bailout - comparing it to AIG, which required a rescue due to its own risky decisions.
As The Fed continues its massive Daily QE, yields across the Treasury market are suddenly tumbling but the Muni market is a bloodbath...
The novel coronavirus is redefining Donald Trump's presidency eight months before he stands for reelection as he wagers that the potentially largest rescue package in U.S. history could protect the American people from the economic carnage brought
At the start of the 20th century, JP Morgan (the person) was instrumental in letting electric lamps shine on America thanks to his collaboration with Thomas Edison which unleashed electricity, and culminated in the formation of General Electric.
Coronavirus/Pandemic - Economic Crash - How to prepare
Treasury Secretary Stephen Mnuchin has summarized the virus aid proposal in a fact sheet which would provide $500 billion in aid checks in two installments, along with $200 billion in corporate aid; $50 billion for airlines and $150 billion for 'othe
The "bad penny" of Keynesian economics turns up again.
The Coronavirus Collapse Is Here: Get Ready For The U.S. Unemployment Rate To Hit 20 Percent (Or Higher)
The truth is that many structural problems underlie our economy.
In its emergency announcement on Sunday evening, the Fed assured us that it "is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals.
De-mystifying – and Stopping - Creeping Totalitarianism Examining the Role of America's Un-elected, Globalist, Oligarchic, Sociopathic, Robber Baron, Multimillionaire Elites that are Perennially in Power
After yesterday's hope-filled day of gains on massive monetary and fiscal largesse, futures traded limit-down overnight and ETFs signaled a 6.5-7% loss in the pre-market but bounced to the futures-limit-down level at the open
Investors continued to flee as fast as they could from risk assets yesterday, with markets getting completely annihilated as the fallout from the coronavirus continues to intensify.
On one hand, the recent surge in 10Y yields is precisely what one - and certainly we - would expect: after all, the official arrival of helicopter money in the form of $1,000 checks to most Americans means that people's expectations for government ge
Elon ain't gonna stop production bro. He is gonna ignore the sheriff. Ain't nobody gonna tell this alpha male what to do.
America's Printing Press...
