It's another very busy week, including the peak of earnings season as 184 S&P 500 companies report; we also get several central bank announcements and what will likely be a record GDP print in the US.
The belief that central banks printing currency can "buy/fix" everything that's broken, lost or scarce is the ultimate in denial, fantasy and magical thinking.
"The decreasing likelihood of U.S. fiscal stimulus pre-election, possibly even pre year-end, as well as worsening virus numbers and increasing lockdown measures all seem to be taking the shine of what was a rather complacent market view of the outlook."
Days after US regulators gave the AstraZeneca-Oxford vaccine the green light to re-start its US-based trials, the FT is reporting new data that seems promising, even if it's still pretty preliminary.
...and now that the best of all possible Brexits is near at hand, the rest of Europe is going to get an object lesson in just how much it costs to keep them around as the UK thrives in the post-Brexit world and why they shouldn’t be afraid of the EU’s wrath...
...thus, it’s only natural for the Chinese government to try to oust Trump from the presidency with all available means, including providing financial support to his neoliberal Democratic rivals...
There is no shortage of science and data to challenge the flawed policies of the nation states whose basic playbook has been: lockdown, close economy, print money, ignore data, and double down...
