Why do bondholders and leveraged speculators have to be enriched, instead of providing fiscal relief to the unemployed and small businesses? That’s the question.
An increasingly important question, because someone always has to buy this debt – and it’s not just the Fed. But the share of foreign holders is waning.
Little guy wriggling more or less adroitly between boots of giants amid the internet advertising crisis for publishers. But WOLF STREET traffic jumped 30% this year. Thank you!!
Californians applying to lease single-family houses in Arizona, Nevada & Texas doubled from year ago; migration from New York & New Jersey to Florida similar: American Homes 4 Rent.
Indexes backed off sharply into the close. Dow gave up 800 points of its 1,600-point spike. Nasdaq -1.5%. Oil soared. Gold & silver dropped. 10-Year Treasury went rogue.
Politicians raved about it. Experts were cautious: “an interesting first signal,” many questions remain. Even Pfizer said, “as the study continues, the final vaccine efficacy percentage may vary.”
