Jim Bianco at Bloomberg "The Fed will finance a special purpose vehicle (SPV) for each acronym to conduct these operations. The Treasury, using the Exchange Stabilization Fund, will make an equity investment in each SPV and be in a “first loss” position. What does...
market
States Lifting Regulations to Help Business During COVID-19 Shows How Useless These Laws Are
From the start of the COVID-19 outbreak in the United States, state and local governments responded in various ways from issuing emergency orders—citywide shutdowns to school closures and beyond—but it’s the suspension of various laws and regulations that is...
The Fed’s Massive Injection of ‘Liquidity’ Also Benefits Uncle Sam
There’s a lot to be said regarding the Fed’s surprise announcements—including its Sunday surprise of $700 billion in renewed QE and the complete elimination of all reserve requirements for banks—but here let me just focus on one element: the tendency for Fed officials...
Read The Dire Coronavirus Report Given To Donald Trump
We are going through tough situations together this year. The first is the market meltdown and the second is the coming coronavirus storm. That latter situation has now come to the forefront with restrictions happening across the country. Where I live schools are...
Don’t Bailout The Share Buyback Queens
From Wolf Richter at Wolf Street. The Trump administration is considering a $850-billion stimulus package (bailout) for corporate America. This includes a bailout for the airline industry - the same airline industry that spent the past few years spending cash and...
U.S. is a Marketplace for Anarchy 06-10-92
The Fed Slashes Rates as Powell Declares Economy ‘Strong’
The Federal Reserve moved to an enact an emergency interest rate cut after officials saw the coronavirus having a material impact on the economic outlook, Chairman Jerome Powell said Tuesday.Powell held a news conference following the central bank’s decision to cut...
AOC: Definitely a Government School Graduate
It's so unfair that people have to go to bad government schools! she says. And so she moved to the burbs to get a good education; and so used her political juice to get a friend of the family into a charter school. (Charter schools are not the ideal at all, but at...
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