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Gold rose close to the $1,900 mark on Thursday, boosted by an easing dollar and increased investor confidence that there will be further U.S. fiscal stimulus measures to aid the virus-beaten economy.
Oct 1, 2020 - 07:09:59 PDT
Jeff Zelevansky/Reuters Leon Cooperman sounded the alarm on the ballooning federal deficit and downplayed the medium-term prospects for US sto...
Today's environment brings a host of opportunities and dangers for investors...
In his latest podcast, Peter Schiff looked back at the third quarter and ahead to Q4. He said we may well see fireworks next quarter. Of course, a big factor will be the presidential election. Peter talked about the prospects for the economy in the wake of the election, and he also broke down what he called "a debate to forget."
Oct 1, 2020 - 05:50:03 PDT
Lou warned that global debt levels were too high, & that financial bubbles were accumulating around the world, fueled by the fiscal & monetary stimulus measures utilized in developed countries to fight the economic damage caused by the coronavirus pandemic. The results could be devastating.
the savings rate tumbling from 17.7% to 14.1% (the lowest since March and down 60% from the highs)..
My Big-Four Bank Index already got crushed back to 2004 level.
Quantitative easing has been the great monetary policy experiment of the last decade.Most central bankers believe that the large-scale asset purchases have boosted growth and lifted inflation during repeated crises. Critics respond that the impact has been trivial, and they point...
Tens of thousands of people will get pink slips in the coming weeks as the long-term economic damage caused by government lockdowns in response to the coronavirus pandemic begin to ripple through the economy.
This mainly just reaffirms their current policy stance i.e. they still see no urgency to pursue further action just yet despite inflation pressures slumping and the virus situation starting to chip away at the economic recovery as we look towards the end of the year.
US Treasury Secretary Mnuchin: We Have Reached Agreement on Direct Payments to AmericansOct 1, 2020 - 05:36:19 PDT
Us Treasury Secretary Mnuchin: We Have Reached Agreement on Direct Payments to Americans
...getting better, but still over four times the pre-COVID normal...
Trump Signs Bill to Prevent Government Shutdown After Funding Briefly LapsesOct 1, 2020 - 05:28:27 PDT
It keeps federal agencies running until Dec. 11. Before then, lawmakers aim to hash out spending legislation to keep the government running through Sept. 2021.
The global cull of banking jobs continues with Goldman Sachs Group Inc. joining the growing list of lenders resuming cuts paused during the coronavirus pandemic.
Wall Street Banks Net $64 Billion in Fees in Bumper Year for M&A and IPOsOct 1, 2020 - 05:23:58 PDT
The world’s largest investment banks made more money in fees during the first nine months of the year than at any point since before the 2008 financial crisis, fueled by emergency fundraisings, initial public offerings and a rash of mergers and acquisitions activity.
"Looking ahead, a weak economy, tight credit conditions and the end of these short-term factors supporting demand will hold back growth in house prices next year. We expect house prices to stagnate in 2021."
The best is already over for a global economic recovery that started off at a sprint and is turning into a slog. That’s the warning from Wall Street economists heading into the final months of a traumatic year. Some $20 trillion of stimulus from governments and central banks ...
Since we know that the health of the U.S. economy hinges on the spending ability of consumers, this approaching decline in Disposable incomes are going to fall now that government aid is fading.
Oscar-winning film directors James Cameron, Clint Eastwood and Martin Scorsese joined forces with movie theater owners on Wednesday in an appeal for financial help, saying they feared for the future of the industry.
The collapse in aviation caused by the coronavirus pandemic could wipe out 46 million jobs worldwide, according to new research that highlights just how damaging a prolonged downturn in air travel and tourism is for the global economy.