Unelected central bankers throwing around billions upon billions gets almost no scrutiny, while impeachment theater dominates mass media 24/7.

https://twitter.com/NorthmanTrader/status/1207248612067069952

Market Cap to GDP: An Updated Look at the Buffett Valuation Indicator

The denominator in the charts below now includes the Advance Estimate of Q3 GDP and the October close data.

Fed Has Thrown Kitchen Sink at Repo Issue, BofA’s Cabana Says

BofA Securities head of U.S. rates strategy, discuss the Federal Reserve’s approach to preventing flare ups in the repo market.

Bailing Out Bankers Is All the Rage Again

After the financial crisis, Europe’s political leaders put together a complex set of rules to make it harder for future governments to bail out banks. That system is looking so full of holes that one wonders what the point of it is…

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