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Given the historical relationship between the unemployment rate and bankruptcies, we would expect to see a large number of companies file for Chapter 11 in the coming months. T
There Sure’s a Lot of Brain Dead Misreporting About the Case/Shiller Home Price Index this MorningJun 30, 2020 - 10:34:44 PDT
No, it’s not yet a reflection of home prices during the Pandemic. Be patient. Reporters or spaghetti-code algos should have read the methodology before misleading their readers.
This One Chart Shows a Gold & Silver 'Hard Assets Renaissance' Is Upon UsJun 30, 2020 - 10:28:52 PDT
Is it possible that today’s experimental monetary policies will result in a run to safe haven assets? Are we experiencing a ‘hard assets renaissance? One chart in particular shows what may be coming sooner rather than later, join Mike Maloney and Ronnie Stoeferle of Incrementum AG as they discuss the potential explosive moves for gold, silver and the commodities sector.
House Passes Bill to Prevent Homelessness Crisis ‘Like We’ve Never Seen in Our Lifetimes’Jun 30, 2020 - 09:59:09 PDT
The Emergency Housing Protections and Relief Act of 2020 allocates $100 billion to emergency rental assistance programs and creates a $75 billion relief fund for homeowners.
Watch Fed Powell, Sec. Mnuchin Testify Before House Finance Committee on Pandemic: 12:30 PM, ETJun 30, 2020 - 09:29:22 PDT
Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin are testifying Tuesday before the House Financial Services Committee. The topic will be both agencies’ response to the coronavirus pandemic.
In fact, as a result of this belief, he’s actually adding gold to his model portfolio for the first time, as inflation protection. So what’s the story? Why is today different to 2008?
Is the world losing faith in fiat?
A potentially $100 billion battle looms over “business interruption” coverage, which insurers say doesn’t apply unless there is physical damage, like from a fire. In the thick of the fight is a New Orleans plaintiffs’ lawyer who made his mark in the aftermath of hurricanes.
Goldman Sachs Says a National Mask Mandate Could Slash Infections & Save Economy From a 5% HitJun 30, 2020 - 08:07:10 PDT
A face mask mandate would not only cut the daily growth rate of new cases of Covid-19, but could also save the U.S. economy up to 5% in GDP.
The world’s most powerful central bank will control not just the volume of money in the world’s largest economy, but also its price.
Powell and Mnuchin Enter the Lion’s Den Again to Discuss Pandemic ResponseJun 30, 2020 - 07:31:57 PDT
U.S. lawmakers on Tuesday will get another chance to grill the heads of the Federal Reserve and Treasury over the effectiveness of the nearly $3 trillion in emergency aid doled out to stem the economic fallout from the novel coronavirus pandemic.
Concerns about the financial repercussions of the coronavirus crisis have largely faded since the first few hectic weeks. That’s a problem, because authorities should be doing much more to prepare for what could be a destabilizing wave of losses.
Negative interest Rate Champion Bank of France Now Frets About Ballooning Corporate DebtJun 30, 2020 - 07:11:11 PDT
Central-Bank Forked-Tongue Syndrome.
Who Will Get Hit When Collateralized Loan Obligations (CLOs) Blow Up? Banks or…Jun 30, 2020 - 07:07:42 PDT
Answers emerge from the murky business of CLOs.
Central Banks’ Heavy Hand to Keep Sovereign Bond Yields Low: Reuters PollJun 30, 2020 - 07:02:02 PDT
With expectations for weak economic growth intensifying, major central banks are likely to expand their bloated balance sheets, increasing their sway over bond markets.
No reserve currencies last forever. So what would it take to end dollar dominance?
Scour the newspaper any day of the week and you will read stories detailing the many failures of the federal, state, and local governments or agencies, and of their stupendous ability to commit the same mistakes over and over again.
After July 31 the US economy is set to fly off a fiscal cliff that could be just as painful as what happened in late March/April unless there is a bipartisan agreement in Congress on trillions more in fiscal stimulus. The clock is now ticking.
The evidence is all over the belly of the Treasury curve, with yields on five-year notes falling to a record low Tuesday. Open interest in five and 10-year futures -- a tally of outstanding positions -- has surged in the past week, reaching a level equivalent to $36 billion in cash bonds.