The company said that the analysis found that the vaccine was more than 90 percent effective in preventing the disease among trial volunteers
Macro/Econ
The GDP chart so extreme it renders all future GDP charts useless
stop already
Welcome to Hell
Lenders are going to busy making adjustments for years to come.
Less tweets, more checks
When you deposit $1200 into the checking account of a person who is struggling to pay their bills and feed their family, a very interesting thing happens
Whatever comes after Trump and Biden will be worse
What has developed is more like a K. On the upper arm of the K are well-educated and well-off people, businesses tied to the digital economy or supplying domestic necessities, and regions such as tech-forward Western cities. By and large, they are prospering. On the bottom arm are lower-wage workers with fewer credentials, old-line businesses…
Failure
The President’s failure to suppress the virus’s spread through strong, consistent national policies and Speaker Pelosi’s failure to make a deal with the Treasury Secretary for a new round of stimulus (so far) have now hit the tape in the form of a deceleration in hiring this past month. September’s jobs report came out this…
The opposite of stimulus
Here’s an ETF of European bank stocks versus their US counterparts in the negative interest rate era. Both suck. But one sucks so much more. That’s because in the United States, we never went full ___ and did the negative rates thing. In Europe, they can’t stop themselves from doing it. It’s bizarre, because it…
August home sales CRUSH expectations
Just a few minutes ago, we got a pending home sales number for the month of August that absolutely crushed the expectations.
The Suburban Housing Boom is Just Getting Started
Are you a buyer? The sooner the better. Are you a seller? Ask high, and take your time. Because the boom in suburban real estate was going to happen, beginning this year, pandemic or not. And it could have legs for years. That’s according to my special guest, Logan Mohtashami, who joins me for the…
It’s not “stimulus” if it’s open-ended
Imagine a car dealership: