“Let me be clear: Things are going to get worse before they get better,” Joe Biden said Thursday afternoon, in the course of outlining a
Day: January 21, 2021
Bitcoin (Allegedly) Suffers Glitch In The Matrix
Earlier this month, Bitcoin collapsed by more than 20% in the space of 48 hours, underscoring (again) that it’s not a reliable store of value.
The Houses Are Fine (Flaming Marshmallow)
It wasn’t all bad news on the economic front in the US Thursday although, as noted somewhat abrasively here, the idea that 900,000 initial jobless
Here’s An Idea: Put People To Work & Print Money To Pay Them
900,000 Americans filed for unemployment benefits last week. Believe it or not, that was actually a beat versus consensus, which was looking for 935,000. You’ll
ECB Confronts ‘Revelation’ Of Spread Targeting ‘Policy’ Amid Pandemic Response
The ECB came into its first meeting of 2021 under the shadow of renewed lockdowns across Europe’s largest economies. An aggressive second (or is this
The Narrative
Global stocks hit new highs and the dollar dropped a fourth day as investors leaned into the narrative. Joe Biden’s first full day in office
