Unlike Goldman which expects a sharp spike in yields should Democrats sweep, BofA says that a "striking" takeaway from its stimulus scenario simulations is the relatively limited impact stimulus has on Treasury’s expected near-term debt issuance.
Distortion in the cost of credit is the not-so-remote cause of the raging fires at which the Fed continues to train its gushing liquidity hoses. But the firemen are also the arsonists...
I’ll teach something in class that questions a politically correct position on a particular issue, and when I do, I’ll get crickets... Then, students will come to office hours and say, 'I agree with you, but I could never say it publicly.'"
Real Vision CEO and co-founder, Raoul Pal, joins senior editor, Ash Bennington, to interpret the latest financial newsflow. Raoul explores the possibility of a…
Why are markets lacking their usual mojo lately? Because it's been hard for policy makers to keep up with the sheer quantum of support unleashed earlier in the crisis.
"A combination of voter sympathy, turnout and an asymptomatic or mild virus outcome boosts Trump’s election chances (e.g. vindicating his strategy of opening by example)"
The end game is either an inflationary burst to save the debtors, a multi-decades slow growth environment or a deflationary burst. Given that the debtors are governments and Generation X, we have little doubt that the inflationary scenario is the most probable by far.
Trump’s need was to show that while he may have lost the Mr. Nice Guy competition of 2020, in the situation we are in now, the nation needs a strong leader - not a good buddy...
