The Inverted Yield Curve and Recession
[This article is part of the Understanding Money Mechanics series, by Robert P. Murphy. The series will be published as a book in 2021.] The “yield curve” refers to a graph showing …
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Young People Are Particularly Vulnerable To Lockdowns
In response to the Covid-19 pandemic governments across the world implemented an unprecedented and untested strategy to slow the spread of the disease. Colloquially known as lockdowns, these public health …
Real Savings Are at the Heart of Lending
After climbing to 12.2 percent in April last year, the yearly growth rate of combined commercial bank real estate and consumer and business loans plunged to –2.6 percent in early March. For most …
JPM Makes A Surprising Discovery: Daytraders Are Evolving, And Starting To Hedge Their Massive Gains
JPM Makes A Surprising Discovery: Daytraders Are Evolving, And Starting To Hedge Their Massive Gains Last August, just before we learned that SoftBank was forcing a marketwide gamma squeeze in …
Will Powell Spook Stocks (& Bonds) In Today’s Speech?
Will Powell Spook Stocks (& Bonds) In Today’s Speech? Authored by John Davies and Steve Englander via Standard Chartered, Powell was not concerned by higher yields early last week but …
Watch Live: Fed Chair Powell Tell Congress “Whatever” They Want To Hear
Watch Live: Fed Chair Powell Tell Congress “Whatever” They Want To Hear Watch Live (due to start at 1000ET): * * * As we detailed earlier, today the biggest highlight …
“Vega Vacuum”: Why The High VIX Has Been So “Persisently Sticky” And What Happens Next
“Vega Vacuum”: Why The High VIX Has Been So “Persisently Sticky” And What Happens Next While it seems like only yesterday, this week will mark the one year anniversary of …
Walter Williams, RIP
Walter Williams, the free market economist and iconoclast, died in December at the age of 84. The author of 13 books, Williams was best known for 1982’s The State Against Blacks, …
The Specter Of MMT: “The Smartest Thing We Can Do Is Act Big”
The Specter Of MMT: “The Smartest Thing We Can Do Is Act Big” Authored by James Rickards via The Daily Reckoning, Yesterday, Treasury Secretary-nominee Janet Yellen addressed the Senate Finance …
NFIB Survey: Sends A Strong Warning About Small-Cap Stocks
NFIB Survey: Sends A Strong Warning About Small-Cap Stocks Authored by Lance Roberts via RealInvestmentAdvice.com, In September 2019, I wrote “NFIB Survey Trips Economic Alarms,” Of course, it was just a …