Precious metals are apparently waking up. And here is where you can find the best deals.
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As some warn about the possibility of airline bankruptcies, consumers could face the loss of those canceled tickets.
Australian employers slashed their workforces by the most on record last month amid a government lockdown to stem the spread of the coronavirus, sending the currency lower.
Hundreds of Public Companies Hold On to Small Business Loans as Deadline NearsMay 14, 2020 - 04:48:59 PDT
The largest public companies that tapped the government's emergency relief fund for small businesses nearly all had ready access to other forms of capital, according to a CNBC analysis of filings.
"Yes, almost one trillion new Treasury securities hitting the market within the next month!"
The "Big Short 2" Hits An All Time Low As Commercial Real Estate ImplodesMay 14, 2020 - 04:46:34 PDT
Somewhere Carl Icahn is cackling madly as he rolls in the profits.
Goldman Sachs: A Second Wave of Virus Could Make the Fed Rethink Negative RatesMay 14, 2020 - 04:43:01 PDT
Another “big setback” in the U.S. economy could prompt the Federal Reserve to consider cutting interest rates into negative territory...
Globally, the curve of COVID-19 cases is flattening, but individual countries vary considerably as new pockets of the world deal with the pandemic.
Global cases: More than 4.3 million. Global deaths: More than 296,600. Most cases reported: United States (over 1.38 million), Russia (over 242,200), United Kingdom (over 230,900), Spain (over 228,600), Italy (over 222,100)
In one new study, 66 out of 70 patients hospitalized with coronavirus-caused pneumonia were left with tissue lesions indicative of chronic lung disease. While we don't yet know for certain, there's a chance the damage is permanent.
"...because he doesn’t understand this mechanism, he continues to put out faulty and incorrect analysis on the gold price."
Due to an "unprecedented widening" of gold Exchange for Physicals...
In an interview with Bloomberg, Currie said gold is the favorite commodity to trade this year, citing the worldwide currency debasement effects and an increase in construction activities as reasons to own “capital goods type commodities.”
Some prices collapsed, others skyrocketed, and the Consumer Price Index went haywire. Here’s what I’m seeing beyond the near term — and it’s not “deflation.”
May 13, 2020 - 12:08:29 PDT
Felder: Before the Coronavirus catalyst, there had been a great deal of debate about the yield curve and its ability to predict recession. The yield curve (as measured by the 10-year treasury yield less the 2-year yield) inverted for the first time during the current cycle back in August of last year and now we find ourselves in recession once again, preserving the indicator’s perfect track record.
The main positive takeaway from a meeting with President Donald Trump’s former economic adviser Gary Cohn was that government stimulus to stem the effects of the Covid-19 crisis may be “infinite,” according to Wells Fargo analyst Mike Mayo.
Covid-19 has destroyed many businesses. Some claim it's the government's response, not the disease. One of my readers emailed a sad but eloquently-written note from a business owner forced to throw in the towel. Expect millions more similar stories.
Treasury Yields Fall After $32 Billion of 10 Year Notes Sold at Record Low of 0.70%May 13, 2020 - 11:33:32 PDT
Treasury prices rise Tuesday, pulling yields lower, after investors show strong appetite for an auction of the U.S’s benchmark debt in the afternoon.
Oil, coal and fracking companies in line to benefit from $750bn bond scheme
A plan to help homeowners avoid foreclosure was good, in principle. In practice, it’s pushed the mortgage business toward yet another potential nightmare
Trump's tweet is one of several signs in recent days that Washington may be taking an even more adversarial posture towards Beijing.