Our brains are programmed to only factor in events we've either experienced or have studied. There's nothing wrong with that, but it's something we all need to understand as we deal with something NOBODY has experienced. Despite the best efforts of stock market "experts," we also have never seen anything
We are starting week 9 of the COVID19 Panic. Many more states opened up on Friday. Here in Virginia we have one more week (hopefully) before non-essential businesses with less than 10 people in their stores/shops at a time can re-open. As I said last week, we're going to
In the fall of 2019, the banking system froze due to the amount of new debt being auctioned by the Treasury Department to finance the budget deficit. The Federal Reserve had to step in and provide "temporary" emergency funding to save the banking system. At the time, the total issuance
The great COVID experiment has begun. As we enter the 8th week since the US Coronavirus panic began, some states have begun to open back up. While not a controlled experiment with a ton of different variables coming into play, in four weeks we will at least have some data
The virtual ink had barely dried on my "time to get excited about valuations" post when the Federal Reserve did what, up until that point, most of us thought would never happen. They announced they would not only be buying junk bonds, but also junk bond ETFs. The spread between