Even after a full quarter of sales data in the middle of the pandemic, it is difficult to define the form of a possible recovery. More than 90 percent of second-quarter sales were actually signed before the virus hit New York in March, said Bess Freedman, managing director of brokerage firm Brown Harris Stevens. “A … Read more
(1/n) We should stop calling this "investing."It's gambling. https://t.co/xJYyDSh4pt — Jason Zweig (@jasonzweigwsj) July 2, 2020
Biggest jump in NFP but the average hourly earnings is falling apart pic.twitter.com/q8cQQaqob4 — Alessio (@AlessioTMAD) July 2, 2020 This is my first big takeaway from today's @BLS_gov report. Even as overall unemployment falls, the scale of permanent job loss is comparable to a "mild", 2001-03 recession pic.twitter.com/MgHMC8OIj6 — Guy Berger (@EconBerger) July 2, 2020 … Read more
by cefpodoxime What is yield-curve control? The yield curve (YCC) is the relationship between rates on bonds of varying durations. Investors generally demand a higher yield for holding longer-term debt, meaning that the curve is normally upward sloping. And normally, central banks manage monetary policy through short-term rates only: The Fed, for instance, creates incentives … Read more
France & Italy deflation THEN stagflation pic.twitter.com/hs2TKJM4tU — Win Smart, CFA (@WinfieldSmart) July 1, 2020 CONSUMER INFLATION EXPECTATIONS pic.twitter.com/XdryLfbnEE — Win Smart, CFA (@WinfieldSmart) July 1, 2020
What happens when the extra $600 stops but the Fed is still buying zombie debt? Does that seem fair? pic.twitter.com/0S2Dm8sEVq — Win Smart, CFA (@WinfieldSmart) July 1, 2020 As 45 million Americans lost their jobs, U.S. billionaires made $584 billion. https://t.co/D16a8QUGkc — ABC News (@ABC) June 28, 2020 https://twitter.com/freezerohedge/status/1278597866039074816 America has almost 800 billionaires, a … Read more
https://twitter.com/ThinkTankCharts/status/1278260382281478145 https://twitter.com/ThinkTankCharts/status/1278225869274861583 The U.S. government takes a nearly 30% equity stake in one of the biggest trucking companies. https://t.co/3glUcNy7sN — Lisa Abramowicz (@lisaabramowicz1) July 1, 2020 Investors think the $JNK party is over pic.twitter.com/lcUTroBjS9 — Win Smart, CFA (@WinfieldSmart) July 1, 2020 Retail should call Gamblers anonymous pic.twitter.com/RbsfDijQED — Win Smart, CFA (@WinfieldSmart) July 1, … Read more
The current market is driven by a 1999 enthusiastic gamblers mentality in 1930 economic conditions. 2020 will be known for two crashes in one year of 40% — The Great Martis (@great_martis) July 2, 2020 Citi cuts to the chase. pic.twitter.com/jTAcgHf943 — Carl Quintanilla (@carlquintanilla) July 1, 2020 Sound familiar? pic.twitter.com/K5ygANvQas — Julien Bittel, CFA … Read more
On absolute fire. Precious metals miners just had their best quarter ever! 44% over the S&P 500. 33% over Nasdaq.51% over Gold.22% over Bitcoin. What a quarter. Only the beginning. pic.twitter.com/nww3BklJbd — Otavio (Tavi) Costa (@TaviCosta) July 1, 2020 This is it. The silver rush is on. Key breakout from a bullish pennant. Further monetary … Read more
by Charles Hugh-Smith Just as the rewards of central-bank bubbles have not been evenly distributed, the pain created by the collapse of the bubbles won’t be evenly distributed, either. We’ve reached an interesting juncture in history, and I don’t mean the pandemic. I’m referring to the normalization of extremes in the economy, in social decay and in political … Read more