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...we are now witnessing the cataclysmic ending of the Keynesian fallacy - the destruction of macroeconomics in a systemic failure centered on paper markets for gold and silver...

The company has lost more money than Tesla, Uber and Netflix combined.

Unsustainable means just that – but Central Banks can’t afford markets to pop now...

There is certainly lots of risk-off momentum for markets to follow – if they can pay attention.

Enjoy that vacation while you can.

"it is difficult to get a man to understand something when his salary depends upon his not understanding it."

"The economy is going to continue to reopen as we move into the end of this year."

"Any tax that is actually effective at taxing wealth, however, would be equally effective at driving wealth out of state."

"Trump has been piling pressure on Chinese-owned companies..." 

Is it 2007 all over again?

"Despite the modest stakes offered to the participants, our study demonstrates that bonus schemes..." 

In the near future, the USwill likely work to motivate other Gulf states to follow the UAE’s footsteps... Saudi Arabia is already widely known for keeping close ties with Israel in the field of security and military cooperation...

1. Bond bulls’ faith is being challenged by data and vaccine hopes; 2. China’s uneven recovery slows with the PBOC staying put; 3. IPOs of Chinese companies in the U.S. are booming even amid scrutiny.

With everyone already short the dollar, there is nobody left to put the trade on which means the only possible move for the DXY is higher.

"Everything is trading like Bitcoin in 2017."

Last year an average of two railcars were robbed each week, but in the first six months of 2020 that number has increased to three per day, the newspaper Reforma reports. 

The benign market reaction last week might lead you to believe that the failure to reach a deal on another round of fiscal stimulus in the US means more aid isn’t required to keep markets and the economy on their V-shaped recovery path. On the contrary.

...recent experience suggests that we will need to see inflation expectations actually break above trend to get a more durable rotation into value...

"When comparing the principal city to its surrounding suburbs, the San Francisco metro area does break the mold."

“The highly abnormal is becoming uncomfortably normal...”