On Second Level Thinking and the Coming Inflationary Storm
In the last six weeks, the Fed, BoJ and ECB have issued statements saying they are prepared to buy “unlimited” amounts of bonds.
27 April 2020 - 04:48
For The Third Time This Month, We Just Witnessed the Largest Single-Day Point Crash In Stock Market History
On 9 March 2020, the Dow set a record by falling 2013 points. On 12 March, it beat this record with a 2352-point fall. Then, on Monday, it went into freefall, plummeting by 2997 points, or 12.93% on the day.
17 March 2020 - 11:13
Bill Blain: Is There a Plan? Nope.
"At some point in the future, someone is going to pull all the data together. They will closely examine the hospital logs, analyse the transmission number and the infection rate, and do a cost-benefit analysis of the efforts to contain the virus. They may well conclude governments overreacted..."
12 March 2020 - 10:48
The Week that the Coronavirus Tanked Global Markets
"Market panic stemming from the spread of the coronavirus (COVID-19) around the world has already sent U.S. stocks into freefall this week."
29 February 2020 - 22:43
Our Triple-C Rated Economy: Complacency, Contradictions and the Coronavirus
"The Chairman of the U.S. Fed, Jerome Powell, should understand how supply and demand works, but as a reminder, the less available something is, everything else constant, the more it is worth. Mr. Chairman, your predecessors removed $3.5 trillion of bonds from the market, what did you think would happen to bond prices and therefore yields?"
26 February 2020 - 21:18
Lance Roberts: Markets Start to Price in “Viral Impacts”
"As noted in this past weekend’s missive, the Federal Reserve has begun reducing its torrid pace of liquidity, while already weak economic growth, and potentially weaker earnings growth, is at risk from the impact of the coronavirus."
26 February 2020 - 10:48
Bill Blain: Stocks to Buy and Sell
"Coronavirus isn’t the issue. ... It’s its effect that matters."
29 January 2020 - 07:48
David Robertson: The Fed’s ‘Monetary Magic’
"The Fed will need to coordinate successfully with other major central banks, even as their objectives and priorities increasingly come into conflict."
4 January 2020 - 04:48
Egon von Greyerz: The Financial System Is Broken
When the debt bubble pops so will other liabilities like the $1.5 quadrillion of derivatives.
31 October 2019 - 06:48