Weekly Commentary: Extraordinary Q2 2020 Z.1 Flow of Funds

Posted on

The numbers are just monstrous. The Fed’s own data illuminate the historic Monetary Disorder that today runs wild. The Federal Reserve’s balance sheet. Treasuries. Debt and Equities Securities. The banking system. The Household balance sheet. Rest of World holdings. In short, finance has completely run amuck, with the data corroborating the super cycle “end game”… Read More

Friday Afternoon Links

Posted on

[Reuters] Tech leads Wall Street higher as virus fears rise [Reuters] Oil heads for 3% weekly drop as coronavirus demand concerns mount [Reuters] Fed’s George says strains on financial industry could still mount [AP] Virus cases rise in US heartland, home to anti-mask feelings [Bloomberg] U.S. Housing Boom Threatened by Short Supply of Homes to Buy Source : creditbubblebulletin.blogspot.com/feeds/posts/default

Lessons on inflation from the past

Posted on
lessons on inflation from the past

This article examines two inflationary experiences in the past in an attempt to predict the likely outcome of today’s monetary policies. The German hyperinflation of 1923 demonstrated that it took surprisingly little monetary inflation to collapse the purchasing power of the paper mark. This is relevant to the fate of the “whatever it takes” inflationary… Read More

Thursday’s News Links

Posted on

[Reuters] Asian shares tumble as global recovery hopes falter  [Reuters] Dollar holds advantage as money flees from risk assets [Reuters] Oil falls on fuel demand growth concerns as coronavirus lingers [FT] Trend-following hedge funds struggle in topsy turvy year [FT] Retail trading craze fires up China’s brokers Source : creditbubblebulletin.blogspot.com/feeds/posts/default

Wednesday Evening Links

Posted on

[Reuters] Stock futures fall following sell-off on Wall Street [Reuters] Asian stocks open lower as faith in global recovery slips [CNBC] Trump won’t commit to peaceful transfer of power if he loses the election [CNBC] Economist Stephen Roach issues new dollar crash warning, sees double-dip recession odds above 50% [Reuters] China’s slow consumption recovery upset by wary low-income households Source… Read More

Wednesday Afternoon Links

Posted on

[Reuters] Wall Street closes lower on fears of a slowing economy [Reuters] Powell: Congress and Fed both need to ‘stay with it’ to bolster recovery [Reuters] U.S. business activity slows; house prices jump [CNBC] Coronavirus live updates: Dr. Fauci says vaccine availability might take time; just 42% of voters say they’ll likely get it [Bloomberg] Fed’s Clarida Says Months of… Read More

The Silent Exodus Nobody Sees: Leaving Work Forever

Posted on
the silent exodus nobody sees leaving work forever

The “take this job and shove it” exodus is silently gathering momentum. The exodus out of cities is getting a lot of attention, but the exodus that will unravel our economic and social orders is getting zero attention: the exodus from work. Like the exodus from troubled urban cores, the exodus from work has long-term,… Read More

Wednesday’s News Links

Posted on

[Reuters] Tech lifts stocks as poor data rekindles stimulus hopes [Reuters] Oil edges up to $42, eyeing Libya and U.S. inventories [CNBC] Economy doesn’t need more stimulus for a V-shaped recovery, Trump advisor Kudlow says [CNBC] Mortgage demand from homebuyers now up 25% from a year ago [Reuters] China has no reason to approve ‘dirty’ TikTok deal: China Daily [Reuters] Japan… Read More

Tuesday Afternoon Links

Posted on

[Reuters] Nasdaq, S&P 500 rise on Amazon boost; Dow under pressure [Reuters] Dollar rises after Fed’s Evans comments on quantitative easing [Reuters] Powell, Mnuchin mull best way to boost aid to small businesses [Reuters] U.S. existing home sales approach 14-year high; prices scale record peak [Reuters] At U.N., Trump demands action against China over virus, Xi urges cooperation [CNBC] Coronavirus live… Read More

Tuesday’s News Links

Posted on

[Yahoo/Bloomberg] Stocks Rise as Tech Gain Tempers Virus Woes: Markets Wrap [Yahoo/Bloomberg] China Sets Weaker Yuan Fix in First Sign Record Rally May Slow [Reuters] Dollar bounceback pauses, Aussie and Kiwi regain lost ground [Reuters] Supreme Court vacancy becomes rallying cry in final stretch of U.S. race [CNBC] Powell pledges the Fed’s economic aid ‘for as long as it takes’… Read More

Monday Evening Links

Posted on

[CNBC] Stock futures rise in overnight trading after S&P 500 posts 4-day losing streak  [Reuters] Fed’s Powell says central bank committed to using all tools to help recovery [Reuters] Trump says aides rejected his request to adjust value of dollar [ICIJ] From a jumble of secret reports, damning data on big banks and dirty money [Reuters] China’s property developers… Read More