"The market’s recovery has been more fragile than it appears, led by a few pandemic “winners” urged on by Fed policy, which flooded the market with capital and led to historically low interest rates, ongoing fiscal stimulus, and expectations of a vaccine by year‐end."
...the abundance of open gaps is one of the many technical issues that give pause about the eventual sustainability of this historic liquidity-driven rally...
With no imminent end to collapsing real yields - which just hit a new record low -1.10%, the side effects of financial repression warn of stagflation, asset bubbles and policy impotence.
...a wrenching deflationary accounting and international-trade adjustment that will make the Covid crisis look like a normal day in the office is what looms for years during the transition away from fiat.
“There are some risks of the market relying too heavily on positive news around the fiscal stimulus and an earnings season that still wasn’t that great, even if many companies did beat.”
This article is part of a series in which we examine how much private gold is located in major economies—information that can be decisive for a monetary reset.
Hiroshima and Nagasaki were acts of premeditated mass murder unleashing a weapon of intrinsic criminality. It was justified by lies that form the bedrock of 21st century U.S. war propaganda, casting a new enemy, and target – China.
On the evening of August 4th, a massive explosion rocked the port of the Lebanese capital of Beirut, causing devastating damage and leaving thousands of casualties.
Why do governments across the West act as if they were still dealing with an unprecedented threat? It is no good to simply reply that what politicians really want is power and that they are just using coronavirus as an excuse for extending government control.
Driven by its purported objective to drill 26 wells in the Eastern Mediterranean, every one of Turkey’s wildcats in Cypriot waters has gauged Europe’s unity and shed light on its ill-preparedness to confront Turkish actions.
"A main factor that spawns new economic fallacies everyday…is the persistent tendency of men to see only the immediate effects of a given policy, or its effects only on a special group..."
