Precious metals are apparently waking up. And here is where you can find the best deals.
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Britain's economy could be facing a slower recovery from its deep coronavirus slump than the Bank of England suggested this month and all stimulus options, including sub-zero interest rates, should be considered, a BoE deputy governor said.
Hong Kong stocks headed for their worst loss since the global financial crisis after Beijing announced its intention to impose a national security law on the city, which could trigger a new round of protests as well as heighten tensions with the U.S.The MSCI Hong Kong Index fell 6.8% on
A measure of British public debt leapt to close to 100% of the country's economic output in April, its highest in nearly 60 years, and retail sales slumped by a record 18% as the coronavirus crisis hammered the economy.
Dubbed ‘no-coupon-at-all,’ it’s reserved to describe securities that default before making a single payout. The distinction is so rare that it’s generated a cult-like following among traders, who recall just a handful of transactions in recent decades that fit the bill.
The Market Will Eventually Realize the U.S. Will Be in a Recession ‘For a While’May 22, 2020 - 04:53:10 PDT
Consumer spending plays a critical role in the U.S. economy, Lasry said, and "I just don't see people that are out of work spending money."
According to JPMorgan Chase & Co., “There is no country with more to lose from the disruptive potential of digital currency than the United States,”
Bank of Japan Shows ‘Whatever It Takes’ Attitude With $700 Billion Plan: WSJMay 22, 2020 - 04:49:26 PDT
The Bank of Japan bolstered its support for business financing to about $700 billion, paralleling the Federal Reserve in expanding the central banking tool kit during the coronavirus pandemic.
The Coronavirus Is Crushing Bankrupt Retailers’, Threatening Even More JobsMay 22, 2020 - 04:44:47 PDT
Bankruptcy filings are increasingly spelling doom for retailers. In turn, it threatens thousands of more workers in an economy that has already suffered tens of millions of lost jobs.
The states have been overwhelmed by a deluge of new jobless claims. The unemployment rate has soared to a post-World War Two high and has likely topped 20% unofficially, economists say. Some states are still processing a backlog of applications from weeks ago.
BofA now expects a -40% GDP drop in Q2, down from -30%. It does not see the economy recovering until the end of 2022.
Fed’s Balance Sheet Tops $7 Trillion, Increased Buying of Corporate Bond ETFsMay 22, 2020 - 04:34:48 PDT
The Fed’s balance sheet increased to $7.09 trillion for the week ending in May 20. Fed’s buying of corporate debt ETFs increases by $1.50 billion
The total amount of defaults in this high-risk, high-yielding area of the debt markets at $12.6 billion in May so far, the highest since April 2014, bringing the leveraged loan default total for the year to date is $33.3 billion.
The billionaire investor says the bloc should issue perpetual bonds to support weaker states.
Confirmed coronavirus cases around the world passed 5 million early Thursday as infections continue to accelerate in the Americas. The U.S. alone accounts for 1.5 million cases of the virus and more than 90,000 deaths of the global death toll.
It's not a theory. It has been used in the past...
20 YEARS OF GOLD MINING IN NEVADA: Six Times More Ore To Produce The Same Amount Of GoldMay 21, 2020
The next time you hold a gold coin in your hand, consider all the ENERGY it took to produce and why gold is a much superior asset than... by Steve […]
May 21, 2020 - 13:34:42 PDT
Gold to silver price ratio has seen an erosion in value with silver showing some strength following improved demand on lower price and global lockdowns resulting in physical stock scarcity of the metal.
U.S./China Tensions Will Likely Get Worse Ahead of Election: Stephen RoachMay 21, 2020 - 13:32:11 PDT
Roach added he “wouldn’t rule anything out” in terms of actions that the Trump administration may take, be they new tariffs on Chinese imports into the U.S. or defaulting on debt to China, as some have suggested.
The Open Skies treaty allows 35 nations, including Russia, to conduct unarmed surveillance flights over each other's territory in order to assure that nations are not preparing for military action.
A bill that could force Chinese companies to give up their listings on American stock exchanges is now moving at "warp speed" in Congress, one analyst says.