This time could be different, with one having to go as far back as the 1876 election between Rutherford B. Hayes and Samuel Tilden to find a precedent, according to a 2019 Ohio State working paper
"While still possible, there is a high risk that it does not happen this year. Without it, we would expect the economy to hit a major speed bump in Q4."
Iran’s Islamic Revolutionary Guard Corps released several close-up photos of the US Navy’s aircraft carrier USS Nimitz and its escort ships in the Persian Gulf.
Managing editor, Ed Harrison, hosts managing editor, Roger Hirst, to break down wild market swings that have characterized the last week of price action. Roger…
"...the markets want an even bigger commitment. Again, you’ve got a bunch of drug addicts that need more drugs than the drugs that they already have..."
Markets have run into trouble in September and 3 major problems have emerged and unless these problems are solved, markets may have to contend with the distinct possibility of having topped for now...
it is a bubble. And like all bubbles in human history, it will pop. And there will be no happy ending. No need to be a rock-star physicist to understand that.
Altogether, another solid if not spectacular auction, with the most notable feature being that the bigger the auction size, the lower Treasury yields drop.
...our central banks still have the chutzpah to pretend that this bloated, creaky, groaning, blatantly self-serving edifice is called 'capitalism', rather than say 'crony capitalism' or 'central planning without a plan'...
