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Millions Face Loss of Jobless Aid: ‘Without It, I’m Dead in the Water’: NYTNov 11, 2020 - 07:07:20 PST
Emergency federal programs to assist the unemployed in the pandemic will expire at year’s end if there is no congressional action.
European banks say they are doing just fine during the coronavirus pandemic. But regulators and bank executives are concerned about the elephant in the room: a wave of bad loans that could overwhelm lenders when government rescue packages end.
There are several periods throughout history, where market returns were not only low but negative. (Given that most people only have 20-30 functional years to save for retirement, 20 years of low returns can devastate plans.) Periods of low returns follow periods of excessive market valuations and encompass the majority of negative return years.”
"...the market is saying the world is incredibly safe and everything that is expected to go right will go right..."
"It's The Roaring '20s Again": Goldman Boosts Forecast, Now Sees S&P Hitting 4,600 In 2022Nov 11, 2020 - 06:36:33 PST
Just try not to laugh when you read their forward PE multiple.
Gold has helped Indians weather the economic storm caused by the coronavirus pandemic.The government response to COVID-19 has ravaged the Indian economy. As a result, many banks are reluctant to extend credit due to fear of defaults. In this tight lending environment, many Indians are using their stashes of gold to secure loans.
The European Central Bank sees emergency bond buying and long-term loans to banks as its primary levers for providing further support to the euro-area economy, President Christine Lagarde said.“While all options are on the table, the pandemic emergency purchase program and targeted longer-term refinancing operations have proven their effectiveness ...
Although the stock market is soaring, the Federal Reserve says valuations aren’t out of the stratosphere if you account for low-interest rates, plus policymakers are weighing in on climate change for the first time.
The Treasury Department is facing pressure to allow lending backstops to expire at year end, but some Fed officials fear the move could be premature.
Fed’s Rosengren Says Next 6 Months Will Be ‘Pretty Choppy’ Despite Vaccine NewsNov 11, 2020 - 05:29:08 PST
Eric Rosengren, president of the Federal Reserve Bank of Boston, told CNBC the next six months will be "pretty choppy" despite covid vaccine news.
Covid Vaccine Won’t Be an ‘Instant Stimulus’ to the U.S. Economy, Warns EconomistNov 11, 2020 - 05:26:06 PST
The U.S. economy can't depend on a coronavirus vaccine to "solve all our problems," said Carl Tannenbaum, chief economist at Northern Trust.
‘Don’t Be Under the Illusion’ That an Economic Recovery Will Come Quickly With a Vaccine: UBSNov 11, 2020 - 05:23:19 PST
UBS Chairman Axel Weber cautioned that even with a vaccine, it will take time for the global economy to get back to pre-crisis levels.
Another record low interest rate on the 30-year fixed mortgage did not help drag homebuyers out of their recent slump.
Student loan debt continues to surge despite falling college enrollment.In Q3, student loan balances rose by $23 billion from the second quarter, according to the latest Federal Reserve data.
Nov 11, 2020 - 05:05:57 PST
Online event, ECB Forum on Central Banking, 11 November 2020 at 14:00 CET
The 2020 edition will be held as an online event on 11 and 12 November 2020. ... The theme of this year's Forum is “Central banks in a shifting world”, reflecting the need of central banks to adapt on an ongoing basis to changing national and international circumstances.
Nov 11, 2020 - 05:02:17 PST
An increasing number of whistleblower doctors, lawyers and academics are speaking out and organizing globally to fight the ongoing unjustified and “criminal” coronavirus lockdowns, according to speakers at the recent Truth Over Fear Summit on COVID-19.
Elite push for a "great reset"...
As we edge closer to a vaccine, there's a lot of excitement. Of course there is, who doesn't want this era to close so we can get back to our other lives?
Coronavirus Live Updates: California Imposes Tougher Restrictions on More CountiesNov 11, 2020 - 04:54:31 PST
The coronavirus has infected more than 50.9 million people globally as of Tuesday, killing at least 1.26 million people so far.
There will be no “reset”. No successful one anyway. Yeah, they’ll try, but new fiat cannot...