Once upon a time, it was considered blasphemy by the very serious people, that central banks are directly targeting - and seeking to boost - stock prices. How the times have changed...
"Every transaction in the market requires both a buyer and a seller with the only differentiating factor being at what PRICE the transaction occurs. Since this is required for there to be equilibrium in the markets, there can be no 'sidelines'... "
Fixing state finances won’t be easy or inexpensive. But to delay the reckoning with pension costs and enormous public debts accomplishes nothing positive. Stalling makes everything worse, in fact...
Over the past 4 years S&P 500 companies after-tax profits increased 50%, while the earnings of everyone else recorded a decline of roughly 30%. What's going on?
The danger for the cartel is that if the cuts work too well – if they raise prices too high – U.S. shale could bounce back, potentially increasing the pace of drilling and threatening another wave of supply...
...reinforcing the dovish outlook it adopted at the start of the year that precipitated three 2019 rate cuts, the Fed remains on high-alert mode...There are two clear signs why…
With bond yields spiking last Friday and the yield curve resuming its modest steepening, traders were interested to see if last week's reflationary impulse would adversely affect today's coupon auction. It did not.
“The system is not stable, and it probably is insolvent... They blew the system back in 2007. They gave up on the domestic economy to save the banking system..."
We have an action-packed week ahead, or as Bloomberg put it a "crush of events", with the Trump impeachment entering its final phase, together with the U.K. election on Thursday, while a barrage of central bank announcement will keep traders on their toes.
