What goes down, must come up, and one quarter after US GDP collapsed by a record 31.4% annualized, moments ago the BEA reported that in Q3 the US economy rebounded by a similarly record high 33.1%, the biggest annualized increase in history.
The financial history of this young century will show how badly our reliance on bailing out markets with free money, bank-rescues and “stimulus packages” worked out...
How is it that Attorney General William Barr and John Durham are consumed with prosecutorial ennui when the crimes and cover-ups are so painfully obvious?
Don't get your hope up for any central bank fireworks: Lagarde is expected to stand pat on rates with the balance sheet remaining the tool of choice for the Governing Council.
It’s not a fantasy. It was done twice. It was done in 1934 and it was done again in 1953 by the Eisenhower administration. It could be done again. It doesn’t require legislation...
Real Vision senior editor Ash Bennington is joined by managing editor Ed Harrison for a special edition of the Daily Briefing. Ed gives an update on his thesis…
The NBA's losses also included $200 million from the loss of a partnership with China following Daryl Morey tweet promoting Hong Kong freedom a year ago.
The recent trend remains in line - ever bigger auctions (the $55BN auction size was more than 50% higher than the auction sizes for much of the past decade), at ever lower yields, all of which has been made possible by the Fed.
