Luke Gromen: Massive Dollar Shortage Will Suck Markets Dry Until Fed Prints Unlimited Amounts
“The US’s net international investment position… is by far the most negative it has ever been going into a US recession”
Do Not Allow the Fed to Buy Corporate Bonds
It is going to destroy this country’s competitiveness
Brief: Europe Dominates Global Vaccine Production
Europe produces 1.7 billion vaccines a year
Fed’s Balance Sheet up $869 Billion Since Start of September, Already Monetized the ‘$1,200 Check’ Stimulus Plan
Let’s hope the Fed has more success in “normalizing” policy after this crisis than they had after the last one.
Stephen Isaacs: Worst Market Crisis Since Great Depression, Another 20% Lower
“I am afraid I still see another 20% to at least get us to some sort of level of over-soldness”
Jim Grant: There Are Things for Sale That You’d Want to Own
“What we are trying to do is looks for opportunities in chaos”
The Federal Deficit Will Likely Triple This Year, Lead to Highest Debt-to-GDP in History
By the end of the year, the national debt will likely be at least 122% of GDP, the highest level in American history
Chris Whalen: Fed Funds No Longer an Effective Policy Tool
“We can’t do this anymore and we really need to think about how to manage monetary policy without manipulating this very important rate”
For Years Wall Street Spent More on Buybacks and Dividends than It Actually Earned. Now They Want a Taxpayer Bailout
Dividends and buybacks by S&P 500 companies since the start of 2015 amount to roughly $5 trillion compared to reported earnings of just $4.5 trillion
David Stockman: Real Disease Hitting the Economy Is Over-Financialization
“These supply chains were never really economically rational”