Japanese newswire Kyodo just confirmed that Japan plans to extend its state of emergency which covers Tokyo, Osaka, Hyogo and Kyoto prefectures. The third state of emergency has been in place since April 25 and had been set to expire on May 11, but officials
DoubleLine’s Jeffrey Gundlach called the Fed’s bluff late last month, telling investors during an interview that he suspected the central bank was merely “guessing” about the impact of inflation being “transitory”. Since then, we have only received more signs that inflationary pressures are growing in
By Jim Reid, head of credit strategy at Deutsche Bank As it’s now May, it’s worth examining the “sell in May and go away” adage. Today’s Chart of the Day looks at the average daily path of the S&P 500 using data back to 1928.
We’ve all known that nationalizing student loan debt would turn out to be a terrible decision (just as it is when the government nationalizes any industry). We have been saying it on this site for years: it skews the market, offers capital to people who
Authored by Tad Rivelle, CIO at TCW, In the tale of the Miller’s daughter, a once prosperous miller has fallen on hard times. His dilapidated mill, his ramshackle farm can no longer support his family. Despairing, the Miller sets off to town to find work.