400 years ago, in August 1619, the first ship with enslaved Africans destined for the United States arrived in what was then the colony of Virginia. But, the cruel history of the trans-Atlantic slave trade begins much earlier...
What’s going on now is a mockery – or an intentional shift in programming. Both SAFE and the PBOC report that foreign assets have been stable; in terms of the monetary base of the latter, suspiciously stable...
I think expenses could go up 25%. You could see office values drop 40% because of that...It’s probably going to be the toughest office market in the country.”
Senior editor Ash Bennington and managing editor Ed Harrison break down the latest economic data amid a bullish day on Wall Street. They discuss the rising…
Once you allow your economy to become dependent on extremes of debt, leverage, inequality, legalized looting, monopoly, pay-to-play politics and speculative asset bubbles, a depression is inevitable.
"eTrade crashes WAY too much. If you're Joe Old Lady? I get it. But if you're me, you can't keep crashing. You can't crash when the market crashes and do a Jordan shrug"
In line with the recent Fed disclosure that the central bank will purchase about $80 billion in Treasurys monthly, the latest schedule shows an average daily purchase of about $4.5 billion, or $40.2 billion spread over 9 days
Overall a strong auction, which like yesterday, benefited from the relatively flat market in TSYs today, where the 10Y is trading about 1bp below the Thursday close.
The Fed, with its massive quantitative easing, removing trillions of dollars of assets from the markets, has created a scarcity induced Beanie Baby-like stock market bubble...
