86.5 F
Clearwater
Thursday, October 22, 2020
“there-are-no-free-lunches”-–-former-reserve-bank-of-india-chief-explains-why-mmt-will-never-work

“There Are No Free Lunches” – Former Reserve Bank Of India Chief Explains Why...

As Joe Biden tries to split the difference between the midwestern swing-state voters and the Sanders faithful, he's released an economic plan - a plan that bears the imprimatur of his one-time foe Bernie Sanders - that, in its attempt to be everything to every one, effectively promises everything to every one. Buy American. Green…
right-now-there-is-a-“mad-rush”-to-get-out-of-the-cities

Right Now There Is A “Mad Rush” To Get Out Of The Cities

Authored by Michael Snyder via TheMostImportantNews.com, So many wealthy people are rushing to move away from the big cities that it is creating a bit of a “real estate boom” in many suburban areas, small towns and rural communities.  Fear of COVID-19, a collapsing economy and the tremendous urban violence that we have witnessed in…
“just-like-there-were-no-wmds,-there’s-no-‘virus-of-mass-destruction’…”

“Just Like There Were No WMDs, There’s No ‘Virus Of Mass Destruction’…”

Authored (satirically) by C.J.Hopkins via ConsentFactory.,org, There comes a point in the introduction of every new official narrative when people no longer remember how it started. Or, rather, they remember how it started, but not the propaganda that started it. Or, rather, they remember all that (or are able to, if you press them on…
there-is-now-a-record-375-million-barrels-of-oil-stored-on-tankers

There Is Now A Record 375 Million Barrels Of Oil Stored On Tankers

Last weekend we showed that as oil storage on land was rapidly filling up, a familiar sight was seen off the coast of Asia's oil hub in Singapore: a record surge in tankers on anchor used as seaborne storage, and taking advantage of the supercontango just waiting for oil prices to rebound so they can…
jpmorgan:-“if-there-is-any-good-news-in-this-report,-don’t-believe-it”

JPMorgan: “If There Is Any Good News In This Report, Don’t Believe It”

It's perfectly fitting that in an economy which - as of tomorrow morning - will have 30 million newly unemployed workers (and perhaps as many as 50 million), and where the recession officially began after the biggest GDP plunge since the financial crisis (soon to be followed by an even worse collapse in Q2 growth)…
gold-knows-“there-are-no-temporary-measures,-just-permanent-lies”

Gold Knows “There Are No Temporary Measures, Just Permanent Lies”

Authored by Mike Shedlock via MishTalk, The Fed announced today that it will buy junk bonds. This exceeds its legal authority. Supposedly, it's temporary... Under guise of virus support, the Fed Will Buy Junk Bonds, Lend to States to the tune of an additional $2.3 trillion in additional aid. Dear Jerome Powell, please tell the truth. This…
“there-are-basically-no-sales”:-us.-auto-industry-enters-total-collapse-as-a-result-of-nationwide-lockdown

“There Are Basically No Sales”: U.S. Auto Industry Enters Total Collapse As A Result...

2020 is shaping up to be nothing short of a complete and total meltdown for the U.S. auto industry. The industry was already barely holding on by a thread before the coronavirus pandemic started, with China leading the rest of the globe's auto industries into recession over the last 18 months. Now, in a post-coronavirus world, automakers…
there-is-now-a-treasury-shortage

There Is Now A Treasury Shortage

Earlier this morning we showed something remarkable in the Fed's ongoing attempt to inject a record amount of liquidity into the financial system: on Friday morning, the Fed held a $500 billion term repo operation and nobody showed up. There were zero submissions of either Treasury, Agency of MBS securities by Dealers who appear to…
“there-is-a-lot-of-frustration”-–-victims’-families-demand-answers-from-fbi-about-pensacola-navy-base-shooting

“There Is A Lot Of Frustration” – Victims’ Families Demand Answers From FBI About...

US domestic military bases remained on high alert Monday following a string of attacks last week by lone gunmen rattled bases in Hawaii and Florida. On Friday, a Saudi national opened fire during a training exercise, killing three people an wounding another eight at a Navy base in Pensacola. Now, the FBI is facing tremendous…
it-would-help-if-there-was-some-liquidity…

It Would Help If There Was Some Liquidity…

Looking at the violent moves in the market in the past two weeks, one would conclude that liquidity has gone on vacation, along with most traders. And one would be right: as the following chart from Goldman's Rocky Fishman shows, the top-of-book depth for Emini futures was at its worst level since January last week.…
3,789FansLike
5,487FollowersFollow
543FollowersFollow
30,600SubscribersSubscribe
Web Hosting

Recent Posts

USD - United States Dollar
EUR
1.182
GBP
1.309
AUD
0.712
HKD
0.129
CHF
1.103
JPY
0.010