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Shinzo Abe’s Lesson for U.S.: Leaning on a Central Bank Has Its Limits: WSJSep 2, 2020 - 07:29:14 PDT
Japan’s next leader will face a question many other countries are now grappling with because of the coronavirus pandemic: How much can central banks do to pull economies out of a deep malaise?
German retail sales fell unexpectedly in July, data showed on Wednesday, dashing hopes that household spending in Europe's largest economy can drive a strong recovery in the third quarter from the coronavirus shock.
Australia’s economy suffered its sharpest economic contraction since the Great Depression due to the pandemic, with data released Wednesday confirming the country is in...
U.S. Debt Is Set to Exceed Size of the Economy for Year, a First Since World War II: WSJSep 2, 2020 - 07:19:04 PDT
U.S. government debt is on track to exceed the size of the economy for fiscal 2020, a milestone brought into reach by the coronavirus pandemic’s economic impact and the federal fiscal response.
The Fed is going to have to make a decision. Do they continue to support the stock and bond market to keep financial asset prices up or do they...
Sep 2, 2020 - 07:06:50 PDT
Hunger is surging in the heart of the breadbasket, showing just how dire the problem has become during the pandemic.
Subprime borrowers, who rely more on credit cards than any other group, are seeing their limits cut the most as banks reduce exposure during the coronavirus pandemic. The risk-management strategy shows a squeeze is coming for households with the most precarious finances as the U.S. government...
Adrian Day did an interview with Kitco News and said gold will finish the year over $2,000 an ounce and investors shouldn't worry about short-term profit-taking and consolidation. Why? Because the Federal Reserve is out of control.Day is the CEO of Adrian Day Asset Management and also works with Peter Schiff as the portfolio manager of EuroPacific's gold fund.
"Job Gains Are Minimal" - ADP Employment Dramatically Misses Expectations In AugustSep 2, 2020 - 05:34:37 PDT
“Job gains are minimal, and businesses across all sizes and sectors have yet to come close to their pre-COVID-19 employment levels."
The S&P 500 charted its best August since 1986. Both the Nasdaq and the S&P 500 made new highs last month. Peter talked about the surging stock market in his podcast, saying that it is the biggest bubble ever. And despite what people seem to think, there will be consequences.
Restrictions within the US government's coronavirus aid Main Street Lending Program (MSLP) are staving off borrowers and lenders alike even as new lending activity begins to pick up in the middle market.
The labor market’s recovery has been slower than anticipated because the coronavirus has been harder to contain than expected, the Richmond Fed president says.
Current and former Fed officials say its interest rate hikes between 2015 and 2018 may have happened too soon.
Another Day, Another Record S&P High As Central Banks Fan Biggest Ever BubbleSep 2, 2020 - 05:23:03 PDT
When rigging and manipulating stocks or markets, one usually allows for the occasional down day to avoid the impression of too much artificiality. Not here though.
Suburban & Rural Housing Snagged Up, As Big City COVID-Exodus AcceleratesSep 2, 2020 - 05:15:24 PDT
The pandemic-induced summer of escape from New York continues at a moment violent crime is on the rise, restaurant and public venue closures make the city less appealing, public transit is reeling in debt, and remote working set-ups are giving those with means greater mobility.
The Fede has snapped up $1 trillion of mortgage bonds since March, a record pace of purchasing, as the U.S. central bank tries to blunt the impact of the Covid-19 recession on American homeowners.
“The Fed is setting the stage to offer the market lower rates and more bond buying for a longer period of time with less concern about inflation figures derailing their largesse,”
The world economy will not go back to pre-coronavirus levels for a "long time," the CEO of Deutsche Bank said.
White House Moves to Halt Evictions as Fears of Coronavirus-Fueled Housing Crisis GrowSep 2, 2020 - 05:00:36 PDT
The moratorium is the most significant step taken so far by the White House to fend off what experts predict will be a flood of evictions across the country.
Job Growth Expected to Slow Sharply Over the Next Decade, Labor Department SaysSep 2, 2020 - 04:56:42 PDT
The pace of job gains over the next decade will slow considerably amid a sharp decline in the active labor force and an aging population, according to Labor Department projections released Tuesday.