Fed Expands Muni Bailout Facility

While municipalities around the nation are demanding more 'free money' helicopter drops from the government, The Fed has just stepped up its efforts to bailout America's states and cities...

  • Jun 3, 2020 1:11 PM

Robinhood Is Down... Again!!!

How many more times will the market's new muppets put up with the inability to execute their cunning trading strategies?

  • Jun 3, 2020 11:09 AM

Rabobank: Stocks Are Trading As If The U.S. Is Now A Banana Republic

1) We no longer have actual markets due to central-bank elevation of moral hazard to the foundational pillar of financial capitalism; 2) We still have markets, but they find the idea of the US military operating on the streets to quell popular unrest to be reassuring.

  • Jun 3, 2020 10:20 AM

Quo Vadis, BTPs?

BTPs are very likely to come under considerable pressure again due to Italy’s economic malaise, its towering debt burden and political fragility...

  • Jun 3, 2020 5:00 AM