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...but pending home sales remain down 10.4% YoY...
Once gold gets through $1800 and holds, it will challenge the all-time high at $1900 relatively quickly...
Chart Of The Week: Total U.S. Public & Private Debt To Reach $80 Trillion Q2 2020Jun 29, 2020 - 06:57:19 PDT
When the results are released, the second-quarter economic data will be the worst on record. With the massive money printing by the U.S. government, public debt has ballooned more than $3 trillion since the lockdown of the domestic economy.
The Theory Of MMT Falls Flat When Faced With Reality (Part I): Lance RobertsJun 29, 2020 - 06:54:45 PDT
If you haven't heard of Modern Monetary Theory, or "MMT," you will soon.As discussed in Part-1 of this series, MMT falls flat when faced with reality.
ECB Could Boost Bond Buying by Another Trillion Euros, Economist ProjectsJun 29, 2020 - 06:50:26 PDT
Hense said that while the market broadly anticipates one more expansion of the PEPP envelope by around 500-600 billion euros, the ECB could deliver a total increase of between 800 billion and 1.6 trillion euros.
nflation in Germany accelerated more than economists expected in June, in part due to higher prices charged by services providers facing stringent hygiene measures after the lockdown.Consumer prices rose 0.8% from a year earlier, and 0.7% from the previous month. Both figures were higher...
Earlier this month, the Federal Reserve announced it would begin buying individual corporate bonds. Now we have our first glimpse at what that means in practice.On Saturday, the Fed released a disclosure statement that lists the bonds purchased by the central bank.
(Bloomberg) -- Gold steadied just below $1,800 an ounce -- a level last seen at the end of 2011 -- as investors weighed the accelerating coronavirus spread in the U.S. against tentative signs of economic improvement in some regions.Bullion is heading for its best quarter in four years after confirmed
The U.S. and China are moving beyond bellicose trade threats to exchanging regulatory punches that threaten a wide range of industries including technology, energy and air travel.The two countries have blacklisted each other’s companies, barred flights and expelled journalists.
A disconnect is growing in emerging markets, which have rarely faced such dire economic conditions and yet whose assets are about to round out their best quarter in a decade.The MSCI Emerging Markets Index as well as dollar bonds are on track to post their biggest quarterly gains since...
Over the last couple of months, we've been arguing that we won't see a dramatic "v-shaped recovery." Even if we cure COVID-19, it won't cure the economy. But the mainstream has remained optimistic. In his podcast Friday, Peter Schiff points out some of the ways the whole v-shaped recovery narrative is falling apart.
Investor faith in the largess of central banks is about to be tested anew as the soaring rate of Covid-19 infections re-establishes itself as the chief obsession of markets. Confirmed coronavirus cases surpassed 10 million at the weekend, continuing an accelerating trend that’s decimating...
The decision on whether Germany should pull out of the European Central Bank's bond-buying programme lies with the Bundesbank, a judge in Germany's highest court said in remarks published on Sunday.
Jerome Powell likes to point out how the Federal Reserve’s run-it-hot policy to prolong growth helped low-income Americans get jobs and pay raises.But after those gains were blown away by the coronavirus, the Fed chair’s zero-rates rescue is falling short of helping the most vulnerable...
China's central bank said on Sunday that the country's economic growth faces challenges from the global coronavirus pandemic, despite signs of improvement amid business re-openings.
he world’s biggest bond market is holding firm in its conviction that the revival of the American economy from the devastation of the pandemic will be slow and fragmented.Benchmark 10-year Treasury yields at 0.64% are barely changed from the end of March.
It would be better to get the Fed, Treasury and SBA out of the business of propping up businesses and into boosting consumer demand.
Fed Discloses it Bought Bonds, Including a Whopping $15.5 Million (with an M) in Junk BondsJun 29, 2020 - 05:04:40 PDT
Here are the 84 companies whose bonds the Fed bought, and the 16 bond ETFs it now holds.
Negative interest rates that were once seen as a short-term remedy for sputtering growth regions have gained traction in recent years. As the pandemic continues to ravage economies, will rates stay lower for longer? CNBC’s @mrtomchitty takes us through how it works. (via
@CNBCi
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