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How willing will the Federal Reserve be just to switch off all the stimulus it rolled out to safeguard markets from the coronavirus? The most plausible answer is “not very,” logic that forms the most aggressive bull case on equities.As anyone who has watched the rocky path to reopening...
    Is War Next?: Rickards
Jun 1, 2020 - 08:42:32 PDT
Investors should prepare for U.S.-China geopolitical tension to grow worse. Maybe a lot worse. That’s the lesson of history.
    Graphing the Pandemic Economy
Jun 1, 2020 - 08:38:20 PDT
In a fast-evolving crisis like a pandemic, GDP and other conventional economic metrics are simply too slow to be useful for policymakers who need to make decisions about when to lock down and reopen parts of the economy. Fortunately, real-time mobility data has opened a window into the world that COVID-19 has wrought.
China said on Monday U.S. attempts to harm Chinese interests will be met with firm countermeasures, criticising a U.S. decision to begin ending special treatment for Hong Kong as well as actions against Chinese students and companies.
We just had the make-it or break-it situation in gold mining stocks (spoiler alert - they didn't make it)...
    China’s Economy Is Worse Than It Looks: WSJ
Jun 1, 2020 - 07:42:42 PDT
China’s apparent recovery from the coronavirus shutdowns is allowing the country to project strength abroad, but a closer look at its labor market raises some questions over that progress.
Speaking of Powell’s proclamation that negative rates are not appropriate for the US, the Rudebusch (SF Fed) specification of the Taylor Rule says that the Fed Funds target rate should be -13.52%.
The potential shape of that recovery - U-shaped, W-shaped, V-shaped or even ‘square root-shaped’ - has split economists and strategists. All 50 U.S. states, along with the majority of European countries, have now taken steps towards reopening following lockdown restrictions.
Demand for the currency surged after China’s legislature endorsed a resolution on a national security law for Hong Kong, money exchange shop owners say.
Dozens of countries that borrowed from private investors have debt payments coming due as their economies have crashed because of the coronavirus.
    How Do Stimulus Checks Impact GDP Estimates?
Jun 1, 2020 - 07:14:05 PDT
Congress approved a $2 trillion stimulus package and checks for $1200 were sent. So why does GDPNow show government spending as a negative contribution to GDP?
    GDPNow Forecast is Negative 51.2 Percent
Jun 1, 2020 - 07:12:30 PDT
In the wake of a disastrous Income and Outlays report, the GDPNow forecast is an astonishing -51.2%
Our ruling elites, devoid of leadership, are little more than the scum of self-interested, greedy grifters who rose to the top of America's foul-smelling stew of corruption.
Silver just had its biggest monthly gain in nine years.
The spot price of the white metal went into May at $14.96 per ounce and closed on May 29 at $17.98, a 20.7% increase. Silver futures did even better, with the price of silver for July delivery hitting $18.50 per ounce Friday.
The Federal Reserve's 'liquidity spigot' will close by 2021 as the government faces a new challenge in its ballooning debt balance, Henry McVey,...
Mayors of major cities imposed curfews and governors mobilized state National Guard in an effort to keep the peace overnight but tensions boiled over.
Overall, the cost of food bought to eat at home skyrocketed by the most in 46 years, and analysts caution that meat prices in particular could remain high as slaughterhouses struggle to maintain production levels while implementing procedures intended to keep workers healthy.
    U.S./China Disputes Growing Harder to Solve: WSJ
Jun 1, 2020 - 05:35:15 PDT
President Trump’s decision to downgrade relations with Hong Kong shows how his clashes with China increasingly feature ideological differences that are more difficult to resolve than trade disputes.
Japanese companies kept adding to their mountain of surplus cash in the first quarter, providing them with a buffer to cope with the virus pandemic about twice the size of Prime Minister Shinzo Abe’s combined stimulus measures.
    No Time to Waste?: Five Questions for the ECB
Jun 1, 2020 - 05:28:33 PDT
The European Central Bank meets on Thursday with investors hoping that policymakers will deliver yet more stimulus for an economy ravaged by the coronavirus pandemic.