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What Negative Interest Rates Would Mean For Banks, Stocks & The Average AmericanMay 15, 2020 - 08:07:32 PDT
Goldman Sachs co-head of global foreign exchange, rates and emerging markets strategy Zach Pandl said Thursday that the Fed is just one more COVID-19 outbreak wave away from cutting rates below zero.
Negative rates would take interest, including on home loans, into an upside-down world.
Fed Forced Into Record Spending by the Threat of Another Great DepressionMay 15, 2020 - 08:04:01 PDT
Forced into record spending by the threat of another Great Depression, policy makers are blurring the lines between borrowing the money they need and simply creating it.Most modern economies have tried to keep the two activities as separate as possible. The typical setup has been for elected
The labor market, it will come as a surprise to nobody, is imploding.
The Fed took another step toward launching an emergency lending program for state and local governments, publishing an online document on Friday for would-be borrowers.The so-called notice-of-interest document is for eligible issuers in the municipal debt market “to express
The Fed will be out of bullets. Deficit spending will slow growth rather than stimulate it because the unprecedented level of debt will cause Americans to expect higher taxes, inflation or both.
Emerging-market stocks and currencies fell for a second week amid an escalation in U.S.-China tensions, a dire economic warning from Fed Powell and deteriorating global growth data. On the positive side, central banks kept boosting stimulus to combat the impact...
China Ready to Put Apple, Other U.S. Companies in ‘Unreliable Entity List’May 15, 2020 - 07:23:19 PDT
China is ready to put U.S. companies in an "unreliable entity list," as part of countermeasures against Washington's move to block shipments of semiconductors to Huawei Technologies, the Global Times reported on Friday.
Foxconn Technology Group, Apple Inc.'s biggest supplier, was the latest global manufacturer whose profit was dented by the coronavirus pandemic, posting a...
Trump Threatens New Taxes on Companies That Make Goods Outside United StatesMay 15, 2020 - 07:13:55 PDT
President Donald Trump threatened on Thursday to impose new taxes on American companies that produce goods outside the United States, another move his administration could make to push supply chains away from China and raise new trade barriers.
May 15, 2020 - 07:12:02 PDT
China is threatening restrictions and investigations against U.S. companies such as Apple, in response to U.S. measures against Huawei and ZTE.
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Break-Out Not Likely To Hold: Gold & Silver Likely To Decline In Dollar Terms And In Euro TermsMay 15, 2020
The history tends to rhyme, so it's likely to do it again...
The Tweeter-in-Chief on Tuesday was pushing on a string as he called for NEGATIVE INTEREST RATES (again). The Federal Reserve is also debating in public the idea of negative interest rates and seem…
Dow Drops 250 Points on Record Drop in Retail Sales, U.S./China Tensions RiseMay 15, 2020 - 06:40:51 PDT
The Trump administration has moved to block semiconductor shipments to Chinese company Huawei. The Commerce Department said it would “strategically target Huawei’s acquisition of semiconductors that are the direct product of certain U.S. software and technology.”
Federal Reserve Chairman Jerome Powell dumped cold water on the notion that we're going to have a quick recovery during a speech this week and begged Congress for more fiscal stimulus. As Friday Gold Wrap host Mike Maharrey put it, Powell and the federal government are the arsonists trying to fight the fire they started. In this episode, Mike talks about Powell's speech and points out just how clueless he really is. He also covers some of the week's economic news and its impact on the gold market.
Gold and silver are finishing the week on a high note, lifted by concerns over economic growth, a second wave of virus infections and simmering tensions between the U.S. and China.Gold headed back toward its peak in April, when prices hit the highest since 2012. Silver jumped to a two-month high.
The Federal Reserve has announced a raft of emergency lending programs, with approval from the Treasury Department, to help the U.S. economy weather the devastating impact of the coronavirus pandemic. These could ultimately deploy trillions of dollars in lending...
Consumer spending tumbled a record 16.4% in April as the backbone of the U.S. economy retrenched amid the coronavirus pandemic, according to a government report Friday.
About 72% of pharmaceutical ingredient manufacturers supplying the U.S. are located overseas, including 13% in China,...