Some 4.8% of total central bank reserve portfolios are now alloted to gold, up from 4.2% in 2019, and almost half of those increased allocations made with a view to replace negative yielding debt.
“The number of employed Americans declined by about 6.7 million from mid-June through mid-July, including a 4.1 million plunge from the first to the second week of July”.
Tesla relied heavily on regulatory credits to make its numbers for a crucial quarter that will enable them S&P inclusion. Then, they immediately guided credit sales to drop sizeably in Q3. Nothing to see here...
The first rise in jobless claims since March prompted a brief Tyson-esque "punch in the face" of reality for the incessant dip-buyers in the stock market...
Goldman says it doesn't think the company will guide for the September quarter due to uncertainty around Covid-19 and the potential that this fall's iPhone launch is delayed.
"The forces of liquidity are just unparalleled ... we’re seeing what happened post the GFC (global financial crisis), but we’re seeing it on steroids."
A recurring theme in “How We Got Here” is that the Constitution no longer means what it says it means, but rather what any five Supreme Court justices say it means...
Managing editor, Ed Harrison, hosts Jim Bianco of Bianco Research to discuss the Fed and Judy Shelton’s recent nomination, the significance of flows, and his…
Of course, we doubt that anyone will care that of the company's $451MM in adjusted net income a record $428MM came from sale not of cars but of regulatory credits...
