url Excess supply to dominate.

The end of the bond bull market and the return of inflation

The pandemic is the latest of 3 crises in quick historical succession. (see other posts today). In combination the circumstances are complex and international - requiring openness to ideas, listening as well as talking, compromising as well as firm, ...

As States Roll Back Openings, Is A Second Great Depression Avoidable?

This is an argument that the management of the pandemic will result in a period of excess aggregate demand within USA as the policy levers try to stimulate a sick economy but it is (argued in the article) not that sick at all. Managing excess demand ...

The end of the bond bull market and the return of inflation

I like Bill Gates' modesty and he doesn't have to worry about make-up and pretence.

Kim Kardashian's Beauty Biz Reaches Billion-Dollar Status with $200M Deal

Have you heard the Lollipop Guild has vacancies?

U.S. Covid-19 Surge Likely to Continue for Weeks, Frieden Says

Clear as mud.

41% Of Businesses On Yelp Have Permanently Closed As V-Shaped Recovery Implodes

If there was a point here I missed it.

41% Of Businesses On Yelp Have Permanently Closed As V-Shaped Recovery Implodes

If only this was a European matter and not a global matter. And at the global level are attendant issues. The largest sole cause of poverty and inequality in the world has been interference in free and fair markets by governments of diverse shades ...

Inside the Brexit Talks, Frustration Starts to Give Way to Hope

The big difference with those other pandemics is the R rate which you persistently ignore. A virus needs humans to live on and this one spreads super fast. To deny the prospect of hundreds of millions with the virus is to ignore the evidence. ...

Monthly new residential sales, May 2020

If 5% is a steep decline then we can safely assume that the writer is a rank amateur. Any position you put on could move by 10% in either direction within 24 hours and you had better be prepared for it. And just because it has not happened to you ...

The Recent Drop In The US Dollar Is Only The Beginning, Says Goldman

Getting back to the article, I agree with the bulk of it which won't surprise many regular commentators here. Long bond Treasury yields have wafer thin distance between here and negative - that is, multi decade lows, which reflect an overall market ...

US China cold war 'bigger global threat than virus'

How about, "You can't trust communists." as a big contribution to a discussion?

How Bad Is China’s ‘Second Wave’ Coronavirus

One flew over the cuckoo's nest

Trump: US certainly maintains policy option of complete decoupling from China

When you save for a rainy day, you need to recognise when its raining.

More than 100 economists tell Congress: More relief needed to avoid ‘prolonged suffering’ and...

Yes and it is so reassuring that US administration is always truthful, honourable and democratic. Socrates was executed by the Athenians. Always distinguish between CCP and China/Chinese people. Trump helped the former to strengthen their position.

How Bad Is China’s ‘Second Wave’ Coronavirus

The endgame of this pandemic is in the hands of the vaccine searchers and producers. In the meantime policymakers cannot stop the rot.

Fed's Powell Can Send a Forceful Message to Congress

With economic models we try to pick up relationships which theory suggests are strong. We have no theories about pandemics and so when a pandemic occurs it is misleading to try to even have a discussion about recession within our models. Like every ...

What’s in a Recession?

The Swiss economy is enjoying record high terms of trade with drugs in a bull market and essential imports in a bear market. Its imperfect financlai markets and state wide interventions in markets will ensure more of the same. If the dollar is to ...

Forecast: Swiss economy in the coronavirus crisis

But are you short now?

A US dollar crash is virtually inevitable, Asia expert Stephen Roach warns

Crashes occur when the fundamentals are ugly (huge fiscal deficits, no-one at the helm, and very weak savings in USD) and along comes a trigger. The reader is suggesting, rightly in my opinion, that the ugly fundamentals are now in place and a spark ...

A US dollar crash is virtually inevitable, Asia expert Stephen Roach warns