Everyone used to laugh at the Bank of Japan (BoJ) for being the largest stakeholder on the Nikkei. Wall Street said that could never happen in the United States. Well, here we are. The Federal Reserve is now officially a top-five holder of corporate bond exchange-traded funds (ETFs). From Zero Hedge: “While the Fed’s own […]
Archives for June 2020
WATCH: Joe Biden holds a ‘press’ conference
Former Vice President Joe Biden emerged from his basement and delivered prepared remarks at a “press” conference. It wasn’t so much a press conference as it was a mini-rally with his supporters. Biden could not help himself. He lost his place, even as he read his notes. He was given questions ahead of time from […]
Federal Reserve’s Neel Kashkari: Headline unemployment rate is deeply flawed
Well, here is something that any contrarian can say “I told you so.” Federal Reserve Bank of Minneapolis President Neel Kashkari stated that the headline unemployment rate is deeply flawed as a measurement of joblessness. You think? “It’s not clear that something like black unemployment rate could be targeted to improve racial equity but the […]
Step aside COVID-19, a new flu virus from China has ‘pandemic potential’
We are not even through the coronavirus pandemic, and the authorities are already preparing us for another one. What a time to be alive. Euronews has the story about this “pandemic potential”: A new strain of swine flu with “pandemic potential” has been identified by scientists in China, according to a newly-released study. Researchers from […]
GEORGE KIRBY: Will the mainstream media slam Democrats’ over George Floyd name?
George Kirby. No, wait! Floyd Taylor. Sorry. George Taylor! Wow. Imagine if President Donald Trump referred to George Floyd as anything but his name. CNN would have wall-to-wall coverage and Anderson Cooper and Brooke Baldwin would start crying. Here is the clip: