What's the Covid situation in Poland Lee? They have had almost the exact same mortality rate as the US and their majority party is rightest with a large Trumpy fascist faction. Well I suppose it's easy to tune out local politics but the Covid situation is important. Even if the chance of getting really sick for the vaccinated is low it isn't zero. Is mask use common or is opposition to masks and vaccination a pretty big deal there?
I would say the Fed's losing control of the long end is a big deal. I mean I think they don't want this. I am sure it will start to occur to people that if interest rates don't have anything to do with inflation then something isn't right. It does not compute. Not with the standard model. Well actually nobody really gives a shit. Now anyway.
The Chinese market had a bad week Japan and HK too. An X factor to keep in the back of ones mind. They beauty of Friday is by the afternoon all that can be forgotten as everywhere else is closed.
I see the Fed is going to open the repo window to others besides the PD's.
" Counterparties for this facility will include primary dealers and will be expanded over time to include additional depository institutions."
Is that new? I doubt it's significant unless hedge funds and Blackrock will be deemed depository institutions.
Sorry about the extra i. It was early.
Yep, Fed substantiation day.
You're out of the woods
You're out of the dark
You're out of the night
Step into the sun
Step into the light
A very ballpark guess on the infrastructure deal is that it will raise Treasury borrowing a couple hundred billion over the next calendar year, probably less. In this case nobody knows exactly, but exactly hardly matters when it's only a couple hundred billion. It's a freaking rounding error in the big picture, until taper.
No, not that kind of taiper, which is endangered. So is Fed taper probably.
The vast scale of the infrastructure to replace even half of current oil energy with hydrogen is tens of trillions and it will require lots of oil to get there.
