Something has fundamentally changed.

Amazing how that happens. 

Debts are promises. We’re making a lot of promises – implicit and explicit – these days.

Okay, so we have a stimulus (rescue?) bill finally, totaling over 5,000 pages

We’re going to be talking as much about inflation next year as we were talking about disinflation in 2015 and deflation in 2016.

Here’s Michael Cembalest at JP Morgan yanking the trophy away from “the Armageddonists”

This chart is hilarious.

The company said that the analysis found that the vaccine was more than 90 percent effective in preventing the disease among trial volunteers

stop already

Lenders are going to busy making adjustments for years to come.