Whatever markets thought on Monday after Pfizer announced salvation from Coronavirus... we are not saved...yet! The brutal reality is we’re still locked on our lifeboat, in the middle of shark (virus) infested seas...
"If you’re going to have a gold standard or even use gold as a reference point for money, if you need to restore confidence in the dollar, the implied non-deflationary price is $15,000 an ounce.”
Where FOMC Chair Powell used his introductory remarks at Jackson Hole to update the Fed’s look at their inflation target, the ECB is clearly still too early in its strategy review for such a formal commitment.
the Russian Navy’s logistics facility in Sudan "meets the goals of maintaining peace and stability in the region, is defensive and is not aimed against other countries."
For the past three years, JPMorgan - the largest US bank by assets and market cap - was viewed by investors but more importantly by regulators, as the world's most systematically important bank. No more.
"Our research finds no meaningful curve development differences between countries with and without strong curve intervention. This makes us question if existing public health intervention (i.e., lockdown/ stricter social distancing) should remain in place next year."
“GSA’s most senior managers now know where and how Citadel makes hundreds of millions of dollars in annual revenues. They cannot forget that information, or put it out of their minds...”
