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Mar 11, 2021 - 12:46:58 PST
Biden's Coronavirus Relief Plan Will Probably Cost a Lot More Than $1.9 Trillion.
At the one-year anniversary of pandemic shutdowns, should investors be wary of another market decline similar to March 2020?
Poor powerless Fed, poor starving cannibals, poor zombies turning to dust. That's the American economy once the curtains are ripped away.
US Household Wealth Hits Record $130 Trillion As "Top 1%" Never Been Richer While Poor Drown In DebtMar 11, 2021 - 11:28:37 PST
And there - as we say quarter after quarter- is your "recovery": the wealthy have never been wealthier, while half of America, some 50% of households, own just 1% of the country's wealth, down from 3% in 1989. And finally, America's poor have never been more in debt.
U.S. stocks climbed Thursday with major averages notching new records as investors flocked into their growth tech darlings again amid easing fears of inflation and rates.
"Supply Has Become Difficult To Absorb": JPMorgan Issues Stark Warning About US Treasury AuctionsMar 11, 2021 - 11:01:18 PST
Let's hope that depth will be enough to absorb today's $24BN in supply or else the market fiasco unleashed with the catastrophic 7Y auction two weeks ago is set to repeat.
Monetary and fiscal disorder have perhaps gone too far this time around and significant monetary debasement is, in our view, inevitable.
Mortgage Rates Keep Rising: The $1.9 Trillion Pandemic Relief Bill Could Push Them Even Higher: MWMar 11, 2021 - 10:43:11 PST
Some analysts expect the $1.9 trillion COVID package to boost inflation, which in turn would lead to higher mortgage rates.
Inflation Rebound Means ’40-Year Bull Market in Bonds Is over,’ Says BOFAMar 11, 2021 - 10:38:19 PST
Is Wall Street prepared to buck the multidecade bond bull market? That's what one analyst at BofA Global Research predicts will happen.
The plan will send direct payments to most Americans, extend unemployment aid, expand the child tax credit and put money into Covid-19 vaccinations.
The last thing the Fed wanted during that critical time was for banks to be pulling money out of the economy. So it eased the SLR so that banks’ excess capital could be deployed to struggling businesses and households. The continuing disruption in Treasuries was also a major factor in the decision.
U.S. homeowners cashed out $152.7 billion in home equity last year, a 42% increase from 2019 and the most since 2007, according to mortgage-finance giant Freddie Mac .
Past spikes in the price of food staples have been connected to periods of social unrest, including the Arab Spring. If prices continue to rise — on top of the pain of the pandemic — the world could be in for a bumpy future.
Congratulations Workers! You Make 13 Cents More Per Hour Than You Did in 1973Mar 11, 2021 - 07:56:35 PST
Today the BLS reported on hourly wages and real (inflation adjusted) hourly wages. Let's see how you are doing.
Dollar’s Purchasing Power Dwindles to Another Record Low. Fed is Getting its WishesMar 11, 2021 - 07:40:29 PST
Durable goods inflation +3.3%. Food inflation +3.4%. Services inflation rising, but still held down by battered airline fares, lodging, event tickets, etc. — until people start traveling and …
he non-partisan Congressional Budget Office paints a sorry picture of US government spending.
U.S. Unemployment System Fell Short in Early Days of the Pandemic. It Could Buckle Again CNBC ProMar 11, 2021 - 07:23:57 PST
"We believe we are at a secular turning point for both inflation & interest rates," the bank's strategists said.
Trifecta: Federal Taxes, Spending and Deficit All Set Records Through FebruaryMar 11, 2021 - 07:19:22 PST
Federal taxes, federal spending and the federal deficit all set records in the first five months of fiscal 2021 (October through February), according to the Monthly Treasury Statement released today.
The Labor Department released February's CPI numbers on Wednesday. The mainstream spin was "no inflation, nothing to see here." But what will we find if we dig a little deeper into the numbers?CPI was up 0.4% in February. That follows on the heels of a 0.3% rise in January. The rise was in line with expectations.
On Wednesday, the House gave final approval to coronavirus stimulus bill 3.0. For those keeping score at home, that brings total stimulus spending approved during the pandemic to $5 trillion.So, what exactly is all of this money going to be spent on? And who is going to pay for it?