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61% of parents with school-age children said keeping the kids at home might force them to reevaluate their finances...

At 90-years of age, these boom cycles are nothing new. However, he also knows how they end...

No matter who wins the US presidential election in November, 2021 promises to be a very "hot" year indeed.

But the real date that matters is 2038: that's when Chinese military spending will surpass the US.

"I don’t think this is sustainable. I personally think that after Golden Week in China [Oct. 1-7], things will slow down. You might see a small spike right after Golden Week."

Now the banks are dragging their feet on returning the money...

"This market is a bloated pig..."

Robert Lighthizer, Steven Mnuchin and Chinese Vice Premier Liu He had been expected to meet via videoconference on Aug. 15, the six-month anniversary of agreement entering into force. That has been delayed indefinitely.

"Dollar depreciates -> commodities rise -> equities rally -> rates increase -> Fed employs measures to dampen yields -> real yields plummet -> dollar depreciates even more -> commodities rise even higher -> equities go parabolic"

Name the economic theory and it will have been proved wrong - yet that lack of substance doesn’t stop it being taught or given as policy advice to politicians.

Investors are treating an ever growing number of traditionally risky assets as low risk, or even hedges against risk... lulling politicians and central bankers into believing that the market cycle has been conquered... it hasn't!

Here's what denormalization means: there was no "New Normal" for the dinosaurs...

What happens in August, now that the $600 handouts have stopped?

TGIF

"What we have got is a significant amount of uncertainty over the evolution of coronavirus pandemic..."

"It is important to understand how the existing provisions of the Federal Reserve Act with regard to currency issuance apply to a CBDC and whether a CBDC would have legal tender status, depending on the design."

"It is desperately worrying to see a further decline in prospects for air travel this year..." 

Using its debit and credit card data, BofA forecasts retail sales ex-auto to increase by just 0.3% mom, which would be a material miss to consensus expectations of a 1.3% increase.

Consumer spending will suffer a material hit if expanded unemployment benefits are not renewed.