Jeff Gundlach discusses why we’re still in a recession and why he’s bearish the U.S. dollar.
The dollar index pared much of its earlier losses, however, and held above a key technical support. Analysts said that the greenback may need a new catalyst to push it significantly lower after dropping to near three-month lows this week.
Stocks kicked off the Thanksgiving week on a high note on Monday as investors piled into reopening trades amid vaccine optimism.
“Due attention must be paid to the possibility that a shift in the challenges facing firms and households from liquidity to solvency could affect the future financial system,” Kuroda said.
Japan Finance Minister Taro Aso, caused a global stir of sorts back in early June when he appeared to express something like Japanese racial superiority at least with respect to how that country was handling the COVID pandemic.
The global economy owes itself nearly four times its annual output and warnings of a "debt bubble" follow record bailouts, record spending promises and we're in the middle of a global recession deeper than ever before.
...despite the drop in confidence, buying expectations rose for homes, cars, and major appliances, and expectations for rising incomes also rose modestly.
But the problemita of pulling the rug out from under the entire banking system still needs to be addressed.
Eurozone business activity fell sharply as countries introduced more aggressive measures to counter rising COVID infection rates.
"While economic growth remains unstable, strong housing demand continues to have a domino effect on many other segments of the economy.”
We've written extensively about the government intentionally devaluing our money. As one economist put it, the intentionally inflationary policies of central banks and governments are "daylight robbery." But what's the solution to this problem?Economist Thorsten Polleit argues we need a free market in money. But is this possible? Wouldn't this create monetary chaos?
The surging coronavirus is stoking fears of a fresh downturn for the world economy, heaping pressure on central banks and governments to lay aside other concerns and do more to spur demand.
Germany's gross domestic product grew by a record 8.5% in the third quarter as Europe's largest economy partly recovered from an unprecedented plunge caused by the first wave of the COVID-19 pandemic in spring, the statistics office said on Tuesday.
A lot of people are turning more bullish on the economy with the possibility of an effective COVID-19 vaccine. But in his podcast, Peter Schiff argued that coronavirus isn't the problem. COVID-19 isn't making the economy sick. All of the Federal Reserve stimulus and money printing is making the economy ill. And coronavirus vaccine isn't going to make it well.
The defaults have angered investors, who say their faith in the firms’ top-notch ratings, seemingly sound finances and implicit state backing has been violated.
The European Central Bank should consider copying the U.S. Federal Reserve's new inflation target and aim to make up for lost price growth after undershooting its aim, Finnish policymaker Olli Rehn said on Tuesday.
Chicago Federal Reserve Bank President Charles Evans said Monday that even if rapid vaccine distribution next year puts the economy on course for a faster recovery, the U.S. central bank will still likely keep rates where they are until at least 2023.
President-elect Joe Biden’s selection of Janet Yellen as Treasury secretary signals that he plans to act aggressively to revive the world’s biggest economy, putting a former Federal Reserve chair who’s not shied away from stimulus at the helm of his economic policy.
Millions of Americans expect to face eviction by the end of this year, adding to the suffering inflicted by the coronavirus pandemic raging across the U.S.About 5.8 million adults say they are somewhat to very likely to face eviction or foreclosure in the next two months...