November 18 – Washington Post (Joel Achenbach): “More than 3 million people in the United States have active coronavirus infections and are potentially contagious, according to a new estimate from infectious-disease experts tracking the pandemic. The arrests came during and after protesters and counterdemonstrators clashed Saturday in Northwest Washington. For the week on the upside, the Norwegian krone increased 1.7%, the Mexican peso 1.5%, the Brazilian real 1.4%, the New Zealand dollar 1.2%, the Swedish krona 0.8%, the Japanese yen 0.7%, the South African rand 0.7%, the British pound 0.7%, the Australian dollar 0.4%, the Singapore dollar 0.3%, the Canadian dollar 0.3%, the euro 0.2%, the Swiss franc 0.2%, and the South Korean won 0.1%. The Chinese renminbi increased 0.66% versus the dollar this week (up 6.10% y-t-d). When this becomes a real problem, many start investigating the chance of a home refinancing loan. We offer a variety of loan programs to meet your needs. From the State of California’s public employees’ retirement plan, with more than 1.6 million participants, to tiny funds for employees of local mosquito-control programs in Illinois, public pensions are the Apple Valley first time home buyer program bomb of government finance. Retail Money Funds gained $6.6bn.
Technologies to support. Lend money around the world so buyers can afford to buy Chinese products. M2 (narrow) “money” supply surged $172bn last week to a record $19.067 TN, with an unprecedented 37-week gain of $3.560 TN. November 18 – Bloomberg (Dan Murtaugh): “China’s desire to ensure ‘absolute safety’ on food security is squeezing the global supply chain for grains. Soybean Export Council. Meanwhile Beijing is calling on local governments to ensure stabledomestic output as the pandemic creates uncertainties in the global supply chain. As the virus again overwhelms hospitals and forces state and local officials to restrict economic activity, Republicans and Democrats have not budged from their positions on stimulus. They appear stuck in their pre-election stances, when Democrats pushed for a package that costs at least $2.2 trillion and Republicans sought a roughly $500 billion bill. November 17 – CNBC (Jacob Pramuk): “Congress appeared nowhere close to passing another coronavirus relief bill… Senate Minority Leader Chuck Schumer and House Speaker Nancy Pelosi have not spoken with Senate Majority Leader Mitch McConnell about another relief bill since the Nov. 3 election…
April 2 – Reuters (David Lawder): “The Trump administration is maintaining support for prospective Federal Reserve nominee Stephen Moore following reports the conservative commentator has had legal problems, a White House adviser said… November 23 – Reuters (Karen Lema): “China’s embassy in the Philippines has denounced the United States for ‘creating chaos’ in Asia, after a visiting White House envoy backed countries in disputes with China and accused Beijing of using military pressure to further its interests… November 16 – Reuters (Michael Erman and Julie Steenhuysen): “Moderna Inc’s experimental vaccine is 94.5% effective in preventing COVID-19 based on interim data from a late-stage trial, the company said on Monday, becoming the second U.S. 80’s, Japan 80’s, Mexico, SE Asia, Russia and Latin America and, of course, the U.S. The problem is that finance doesn’t make America great. Like so many aspects of this long boom, it works miraculously – until it doesn’t.
Contemporary finance works miraculously so long as financial claims and asset prices continue inflating. August 3 – Bloomberg (Niluksi Koswanage): “South Korea may go ahead with maritime defense drills around a group of islands that the country and Japan have competing claims over, Yonhap reported… The eagle-eyed among you may have noticed that I swapped out a “self-drafted” (using that term very loosely) vee neckline for the pattern’s scoop neckline. The world’s biggest soy importer may buy a record 100 million tons from the U.S. Here is an example of how you can buy 2 homes. The authorities are taking a series of steps to plug loopholes, such as a potential plan to curb transactions that use the bitcoin digital currency to take funds out of the country, as well as a statement from UnionPay Co. limiting mainlanders from using its cards to buy insurance in Hong Kong. Taiwan condemned the plan after the pro-Beijing Hong Kong-based newspaper Ta Kung Pao first reported on it this month. Whether you are buying your first home or looking for a mortgage refinance, you want to find the best mortgage rate possible.