Blogs

The vaccine angle is so confusing Pfizer says a vaccine could be ready for emergency use by Fall if it passes testing. They say US testing to begin as soon as next week.

Bold move Trump will sign an executive order today that will use the defense production act to mandate that meat processing plants stay open. This will be interesting.

Results of the 7-year auction See here for global coronavirus case data

The latest news from New York These numbers are clearly going in the right direction. My worry is that it will take many months to get New York back to normal because it relies so heavily on public transport.

Sunday effect at work The numbers for UK virus deaths are always artificially low on Monday and then artificially high on Tuesday. For some reason, people don't die in the UK on Sundays.

Comments from PM Sanchez See here for global coronavirus case data

A spoke to Kitco News Today is a watershed moment in modern monetary policy. Indonesia's central bank bought debt directly from the government. It's the first instance of direct debt monetization but it won't be the last. The RBNZ is . I explain what it is and what it will mean in this talk with […]

Give up some of the gains for the day but still close solidly higher The major European indices are ending the day with gains. However, some of those gains were eroded. 

TD on the US and Australian dollars We also note the risks that month-end selling pressure weighs on the USD, which we think may conflate the takeaway from this week's heavy central bank/data calendar.," TD adds.

But you better get yourself back on the job Congressional leaders are now saying that they're not going to return to work next week because of safety concerns regarding the virus.