The US is now mostly reporting over 700,000 tests per day. Based on the experience of other countries, the percent…
Continue ReadingCoronavirus stimulus checks talks fall apart as Congress goes on vacation
Our predictions regarding the coronavirus stimulus checks and related relief appears to be correct. Congress has abdicated its duty and…
Continue ReadingThere’s No Smart Money
On this week’s Animal Spirits, we talked about: Why the phrase “the smart money” has lost all meaning The rise…
Continue ReadingSPACs Are Doomed To Crash In The Rougher Markets
Special purpose acquisition companies (SPACs) are having their moment in the sun. Indeed, it sometimes feels like private companies looking…
Continue ReadingValue Range Distributions – What Value Investors Need To Know
Estimating the intrinsic value of a company cannot be done with precision. That is why we use a range. Companies…
Continue ReadingChuck Schumer Cosponsors the RESTAURANTS Act
Senate Minority Leader Chuck Schumer Cosponsors the RESTAURANTS Act, Deepening Support for Restaurant-Specific Economic Relief Program in Congress Know more…
Continue ReadingBlack Knight: Number of Homeowners in COVID-19-Related Forbearance Plans Decreased
Note: Both Black Knight and the MBA (Mortgage Bankers Association) are putting out weekly estimates of mortgages in forbearance. This…
Continue ReadingTime for a Little Firmness in Bond Yields?
Chart 1 shows that the basic trend for bond yields around the world is still negative, as all series are…
Continue ReadingSenate Fails To Clean Up Mess Before August Recess
Yesterday afternoon, the Senate adjourned for August recess – with no new relief bill passed, and no additional support provided…
Continue ReadingNo coronavirus relief package yet, but blame game continues
There were hopes that the negotiators would reach a coronavirus stimulus deal last week. However, after the talks failed last…
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