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Employment in Pictures – More on the Rise in Permanent Job Losses
October 2, 2020
The number of job losers due to temporary layoffs continues to move lower, but the number of permanent job losses is still on the rise.
Newsclips
Quick Comments/What We’re Reading
October 2, 2020
Today's topics include interpreting the jobs report in the Fed's new inflation-targeting era, investing amidst inflation concerns, the case against inflation targeting, breaking down debt in the U.S., earned income vs. total disposable income, the pandemic's effect on jobs, a huge trade in TIPS, co-investing with the Fed: corporate bond edition, and predicting financial meltdowns with machine learning
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Cartoons
October 2, 2020
Newsclips
Total Return Review: Updating Returns Over the Past Decade
October 1, 2020
Recently we have looked at some of the impressive monthly or YTD returns in stocks, bonds, commodities and currencies. This month we take a step back to see how these huge swings have affected returns over a longer timeline.
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Quick Comments/What We’re Reading
October 1, 2020
Today's topics include consumer spending, investor uncertainty, continuing bank restrictions, ECB support in credit, U.S. long term growth issues, airlines cut jobs, from bounce to grind, debt rush, Boris Johnson on more restrictions, and Robinhood versus accredited investors
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Cartoons
October 1, 2020
Newsclips
Post Debate Reaction
September 30, 2020
Risk markets could come under renewed pressure as investors and betting markets price in a stronger chance of a Biden victory.
Newsclips
Monthly Fund Flows – Another Large Outflow From Stock Funds in August
September 30, 2020
Despite another month of healthy stock returns in August, investors pulled one of their largest sums on record out of stock mutual funds and ETFs.
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Quick Comments/What We’re Reading
September 30, 2020
Today's topics include the Fed's unused emergency facilities, the risk that the election is decisive, the second wave, M&A record, on negative rates, Fed strategy, the Fed's lending worries, the dollar's fall created an everything rally, market swings, disparities throughout the pandemic, and waiting on a Mnuchin counter
Newsclips
Cartoons
September 30, 2020
Newsclips
Why the Debate Will Matter
September 29, 2020
For weeks we have noted prediction markets and investors are aligned with each other but are not aligned with the polling averages. This is unusual. Tonight's debate should start the process of resolving this divergence.