You can only manipulate the financial system so much without causing a large disconnect in the free market. This week we briefly saw what can happen when too many people want to get cash out of a system the Federal Reserve has been micro-managing while trying to stimulate economic growth.
“One person’s financial assets are another’s financial liabilities (i.e., promises to deliver money). When the claims on financial assets are too high relative to the money available to meet them, a big deleveraging must occur.” – Ray Dalio, Big Debt Crises
“Debt

When it comes to the weather in Arizona, we’re almost on the same weather schedule as the southern hemisphere. Sure, our warm period is the same as the rest of the country (using “warm” liberally here) but in reality, we’re all kind of waiting around for fall and
Edit 2020-08-12:
We can file the original post (below) under the "things that did not age well during COVID" category. I just read the news that Mozilla, the company behind Firefox, will be cutting 250 jobs - which is 25% of its workforce. You can read the article for more
There are a lot of opinions floating around about who caused what, when it changed, and what the future impacts will be. At SEM we choose to ignore those opinions and instead focus on the data. This week’s Chart of the Week will take a closer look at