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Investors are weighing the chances the Federal Reserve will increase its purchases of U.S. government debt in coming weeks to counteract the economic fallout of a COVID-19 resurgence, an intervention that could reverse a recent rise in Treasury yields to multi-month highs.
They were once America’s corporate titans. Beloved household names. Case studies in success. But now, they’re increasingly looking like something else -- zombies.
    Sudden Jitters Hit Credibility of Chinese Credit
Nov 17, 2020 - 07:35:02 PST
A whiff of 2008 is suddenly turning heads toward China as an AAA-rated state-owned coal mining company defaults.
Many of the companies say the funds from the Paycheck Protection Program weren’t enough to keep them going as the coronavirus and lack of additional stimulus payments weighed on their businesses.
And while the Industrial Average is at new record highs, US industrial output is certainly not...
    Homebuilder Sentiment Soars To Yet Another Record High
Nov 17, 2020 - 07:15:59 PST
...as homebuyer sentiment slides?
    Pushing Extremes: Hussman
Nov 17, 2020 - 07:07:24 PST
In calling the current market the third “Real McCoy” bubble of recent decades, Jeremy Grantham described, in his own words, what I call the Iron Law of Valuation: a security is nothing more than a claim on some set of future cash flows that investors expect to be delivered into their hands over time.
    The Fed Has No Way Out
November 17, 2020
We have argued that the Federal Reserve has no exit strategy from this extraordinary monetary policy. In fact, it never could extricate itself from the extraordinary monetary policy it launched during the Great Recession. Today, we're merely witnessing the same policy on hyperdrive. And there is still no way out.
Gold inched lower on Tuesday as optimism over an effective COVID-19 vaccine offset concerns facing its eventual rollout, a subdued dollar and bets for further monetary support as infections surged in Europe and the United States.
Now that the bubble has burst, the hope is that removing the pin will magically restore the burst bubble. Sorry, it doesn't work that way.
Furniture, clothing, and sporting goods all saw a notable drop in sales, as Non-store retailers (online/Amazon) surged...
    Fund Managers Are Incubating a Future Bond Market Crash
Nov 17, 2020 - 05:41:18 PST
As the pandemic started to shake the global economy in March, liquidity rapidly dried up in the world’s fixed-income markets. Regulators have identified fund managers as the key protagonists in the petrification...
    The Fed Can’t Stop Printing or Lose the Market
Nov 17, 2020 - 05:37:08 PST
1 red candle in M1 money supply was enough for weakness in markets in September and October. Since then, nothing but green candles and new highs in M1 money supply, markets soon followed.
    ECB Sets the December Table: OMFIF
Nov 17, 2020 - 05:31:58 PST
Financial markets may be cheering the newly announced prospect of a Covid-19 vaccine, but central banks are less sanguine and are preparing to provide markets with fresh liquidity support.
Spain spent the years following the global financial crash trying to look a lot less like Italy, the weakest link in the euro-area economy. Then came the coronavirus.The destruction wrought by the pandemic has plunged Spain into the deepest slump in the euro area and left its public finances in tatters...
    The Tragedy of Savings
November 17, 2020
Low interest rates are a boon to borrowers. Thus the Federal Reserve's quest to hold interest rates artificially low during the current economic crisis. We're told easy money will bolster the economy as consumers and businesses take advantage of low rates and spend.
But if you're trying to save money, this anything but a boon. In fact, it's nearly impossible to save for retirement in the current interest rate environment. Today, your average Joe is forced to invest in increasingly riskier assets in order to generate enough money to retire on.
Venezuelan central bank officials have summoned executives from a handful of local financial firms to discuss plans to create a clearing and settlement system in U.S. dollars starting next year,...
The Federal Reserve is committed to using all available tools, not just funds rate and forward guidance but also large-scale asset purchases, to achieve its goals, Federal Reserve's Vice Chairman Richard Clarida said on Monday, per Reuters.
...implantable microchips that can read your thoughts...