With bond yields at record lows, the dollar tumbling, and gold at record highs, one side of the market is screaming that The Fed is entirely out of control...
The conference call was closed to members of the press for a reason: there was broad consensus that the Democrats would sweep the Presidency, Senate and House, with odds of a Biden victory placed as high as 85% by one speaker.
"New confirmed coronavirus cases are beginning to fall in an increasing number of states, and prevalence of COVID-like symptoms is decreasing in most states."
Instead of 'managing' the cycle of bank credit, more recently central banks have now resorted to outright monetary inflation, as nations attempt to defray the economic consequences of the COVID-19 panic...
... high time to boldly expose the errors and confusions of interventionist-collectivist and socialist-Marxist ideology and courageously call for reestablishing pure capitalism...
While the overall state of the economy is far stronger than where it was in March, the upward momentum has reversed and worse, signs of permanent scarring are beginning to emerge.
Even though economic conditions were absolutely awful, during the month of June the mainstream media kept insisting that the U.S. economy was “recovering” and the stock market kept surging on every hint of good news.
