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Ok, so when will it be the time to worry about the Federal debt?
A huge wave of deflation is about to wash over the world. What will it mean for the economy? Join Mike Maloney in his latest update as he gives his thoughts on the unemployment crisis, the coming banking implosion, and whether the game of musical chairs for bullion banks is screeching to a halt.
Apr 29, 2020 - 11:07:46 PDT
Expected live Wednesday, April 29 at 2:30 p.m. ET- Federal Reserve Chairman Jerome Powell holds a press conference amid coronavirus.
The Fed painted a dour picture of current conditions and pledged Wednesday to continue its historically aggressive policy.
With Demand in Free Fall, What's the Upside of Re Opening a Small Business?Apr 29, 2020 - 10:56:38 PDT
Since superfluous demand was the core driver of most consumer spending, and that demand is in free-fall, what's the upside of re-opening?
Banks: Electronic Loan Portal for Small Business Relief to Blame for DelaysApr 29, 2020 - 10:37:02 PDT
Under pressure to deliver relief to hundreds of thousands of small businesses, banks of all sizes are complaining that the federal government’s loan-entry portal is behind delays in the program.
Up until the coronavirus pandemic, it has been years of "kicking the can down the road," analyst Vince Tibone said.
Shoppers are increasingly paying in ways that don't involve touching cash, or handing over a credit card, in order to avoid spreading coronavirus, according to Mastercard.
The combination of the Fed's seemingly limitless monetary policy and the open floodgates fiscal response from the White House and Congress has investors worrying about inflation again.
JPMorgan is warning investors that an inflation bomb may go off in the aftermath of the coronavirus recession — even though it failed to ignite in the record-long expansion following the 2008 financial crisis.
The true unemployment rate may already be over 20 percent. It's not at all unrealistic to think the coming decade could resemble the Great Depression of the 1930s.
Nearly Half the Global Workforce at Risk of Losing Income Due to the VirusApr 29, 2020 - 08:41:11 PDT
Some 1.6 billion people in informal work are in danger of losing income due to the coronavirus pandemic, the International Labour Organisation has estimated.
Consumers reined in spending faster than expected in the first quarter, probably even before states issued stay-at-home orders. The outlook for the second quarter, already grim, is murkier because the extent of the economy’s reopening is still unclear.
Fed Expected to Pledge Aggressive Action as Economic Distress Worsens: WSJApr 29, 2020 - 08:27:44 PDT
Federal Reserve officials have announced lending programs but, with interest rates near zero, they may need to consider other tools.
“The rapidly increasing danger is that governments do too little or that support fails to reach those who need it. If bankruptcies and jobs losses proliferate, this recession will feel more like those that went before it, only bigger.”
The Bank of Japan took an "extremely rare" step by offering to pay financial institutions that tap its loan programme aimed at combating the economic fallout from the coronavirus pandemic, Governor Haruhiko Kuroda said on Wednesday.
The situation is creating headaches for Fed officials at a time when the central bank is playing a critical role preventing the Covid-19 outbreak from crushing the economy, people familiar with the matter said. In practical terms, restricting what it can and can’t do means the Fed might not be to supply all the liquidity needed to prop up prices if there’s another meltdown in credit markets.
In short, the risk is that these countries trigger a financial meltdown as they try to contain the economic one they’re already in.
The airline industry has moved from temporary freezes to long-term downsizing as years of depressed demand loom
Entrepreneurs built mini-empires of short-term rental properties, borrowing against revenue that’s now vanishing under coronavirus lockdowns.