Frontrunning the Fed

Ultra low interest rates don’t do much for traditional banking earnings, but they’re pretty fantastic for highly leveraged banks such as Goldman that are only too happy to front run the tsunami of Fed liquidity injections. Between GS and more positive vaccine news (Moderna) the futures have pushed to higher highs, settling the question as … continue reading →

We’re All Canaries

It’s surreal, watching our “leaders” debate how many deaths are acceptable and whether workers and children should be sent back into harm’s way.  Only a few weeks ago, we all agreed upon the need to flatten the pandemic’s curve so we could prevent a surge from overwhelming our medical system. Now, the debate is about … continue reading →

COVID-19: What to Expect

Updates are in reverse order, meaning the latest update is just below.   UPDATE:  June 24, 2020 Presented without comment…charts highlighting when each state below “re-opened.”   UPDATE:  June 17, 2020 On March 12, our local school district closed its doors after a fifth presumed case of coronavirus was detected in our Boston suburb of … continue reading →

Coronavirus – Why the Complacency?

I’ve done some calculations on the spread of the coronavirus in Italy, which has presumably learned a thing or two from China’s experience but suggests a path for other countries just now coming to terms with their own exposure. Granted, Italy’s quarantine and aggressive treatment might put a dent in the exponential rate at which … continue reading →