Heading into today's supersized 10Y auction, BMO's rates strategist lamented the stubborn range which has confined US rates since mid-March - at +/-10bps of 61bps ...
Not even at the depths of the 2008 financial crisis, did the man who unleashed the biggest asset bubble in history, Ben Bernanke, dare to cross the bridge into the final circle of moral hazard hell by refusing to openly monetize corporate bonds (or s
Not even at the depths of the 2008 financial crisis, did the man who unleashed the biggest asset bubble in history, Ben Bernanke, dare to cross the bridge into the final circle of moral hazard hell by refusing to openly monetize corporate bonds (or s
The Bureau of Labor Standards reports an error in its calculation of 7.5 million unemployed Americans, with a "corrected estimate" of 27.7% unemployment.
As the Washington, D.C., establishment and its acolytes in the U.S. mainstream press continue to celebrate the $4 trillion in new federal spending for the coronavirus crisis, Argentina has a sobering message for the American people.
• https://www.zerohedge.com, by Charles Hugh Smith
Readers ask for specific recommendations for successfully navigating the post-credit/speculative-bubble era and I try to do so while explaining the impossibility of the task.
As the Washington, D.C., establishment and its acolytes in the U.S. mainstream press continue to celebrate the $4 trillion in new federal spending for the coronavirus crisis, Argentina has a sobering message for the American people.
On Thursday we noted that April orders for class 8 heavy trucks fell a staggering 73% year over year, and 44% from March - the worst order numbers on record as coronavirus shutdowns have put the trucking industry on the cusp of a "freight cliff" acco
...from a reader,
I don't have to tell you things are bad.
Everybody knows things are bad.
It's a depression...
Everybody's out of work or scared of losing their job.
The dollar buys a nickel's worth, banks are goin
One of the silver linings of the coronacrisis to date is that despite the unprecedented collapse in the broader economy and the 30 or so million unemployed...
Elon Musk, CEO of a company that has never turned an annual profit, has qualified for a $700 million stock based compensation award that we highlighted last week...
An economic truth I revisit periodically is that every fiat currency (a medium of exchange without intrinsic value or without backing by a commodity with intrinsic value, such as gold) will eventually became worthless.
John Sneisen (The Economic Truth) come on the show to discuss current economic and market conditions - Adam Kokesh (The Freedom! Line; Kokesh for President) comes on to discuss Libertarian Politics, the upcoming POTUS election, mail in ballots, etc..