Precious metals are apparently waking up. And here is where you can find the best deals.
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Practically overnight, bankers and lawyers who advise companies in distress have become some of the most in-demand workers on Wall Street, ending a long period in which rising markets and abundant capital consigned them to obscurity.
The billions of dollars in coronavirus relief targeted at small businesses may not prevent many of them from ending up in bankruptcy court. Business filings under Chapter 11...
U.S. oil prices plunged 25% on Monday on fears that worldwide storage will soon fill as the coronavirus pandemic continues to roil demand.
The narrowing group of winners in the S&P 500 doesn’t bode well for the future performance of U.S. stocks, according to Goldman Sachs Group Inc.
New York City needs a $7.4 billion in federal aid to offset economic losses from the coronavirus, Mayor Bill de Blasio said on Sunday, urging President Donald Trump to push his fellow Republicans in the U.S. Senate to back more relief funding for states and cities.
It hasn’t been fun for silver investors. Gold has moved higher in response to the crisis, but silver has been nothing but weak and vulnerable this year.Is this silver’s destiny? Is this all that we can expect for the foreseeable future?No. History says a big change in the silver price is coming. We’ll look at that, but first let’s examine why, at this point in the crisis, it’s been so lifeless…
Banks are being bailed out in China, raising alarm. How they’re being rescued is even scarier. Acknowledging the growing balance sheet problems among small and medium lenders...
For the first time in a decade, the world risks being cut off from Russian wheat at a time when some key buyers are rushing to import it.The top shipper last month limited sales through June to protect its own supply as the coronavirus crisis sparks food-security concerns around the world...
Negative oil prices, ships dawdling at sea with unwanted cargoes, and traders getting creative about where to stash oil. The next chapter in the oil crisis is now inevitable: great swathes of the petroleum industry are about to start shutting down.
U.S. Deficit Could Quadruple to $3.7 Trillion in Coronavirus Crisis: CBOApr 27, 2020 - 06:51:39 PDT
A nationwide business shutdown and surge in U.S. government spending will nearly quadruple the federal deficit to a record $3.7 trillion this fiscal year as the country combats the coronavirus pandemic, congressional forecasters said on Friday.
White House: Q2 GDP Will Be Biggest Negative Number Since Great DepressionApr 27, 2020 - 06:41:07 PDT
White House economic adviser Kevin Hassett says Q2 GDP will be the 'biggest negative number since the great depression,' -20% To -30%
Pelosi Promises State & Local Governments Will Receive More Relief FundingApr 27, 2020 - 06:36:44 PDT
House Speaker Nancy Pelosi promised again on Sunday that Congress will deliver yet another coronavirus relief package that will provide "significant" money for state and local governments that have been stretched thin by their response to the crisis.
It seems like everybody is getting a bailout right now. The government is handing out money it doesn't have left and right. This is all justified because of coronavirus. Even conservatives who normally oppose government bailouts have jumped on the stimulus train. "This is a crisis!" they cry. The government has to step in. But as Peter Schiff explains in his podcast, the government crippled the economy in the first place. A government crutch isn't the solution to the problem.
And still the Comex's recently touted contract for a quarter claim on a 400-ounce London Good Delivery bar hasn't traded even once...
It is already obvious that the initial impact of the Covid-19 economic crisis will be strongly disinflationary. Prices have fallen sharply in sectors that have been most affected by the lockdowns, including restaurants, hotels, airlines and housing. Furthermore, the past week has seen an extraordinary dip into negative territory for oil prices, especially at the front end of energy markets.
The wave of defaults that are right behind the CARES Act forbearance issue should be the focus of our attention.
Tyson Foods is warning that "millions of pounds of meat" will disappear from the supply chain as the coronavirus pandemic pushes food processing plants to close, leading to product shortages in grocery stores across the country.
There's a MASSIVE break-out on the charts, and the technicals look good!
All of this is false in the sense that A did not cause B. A, the coronavirus, did not cause B, the economic crisis; it merely triggered it, causing it to occur earlier than it would have. It may have also accelerated the collapse, and will likely deepen the trough of the crisis in business cycle terms.
The latest report on new unemployment claims was abysmal, coming in at 4.4 million last week, some 100,000 more than surveyed economists had expected.