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The money supply growth rate rose again in March, climbing to a 92-month high. The last time the growth rate was higher was during July 2012, when the growth rate was 11.5 percent. At that time, however, money supply growth was on its way down.
New York’s unemployment website “collapsed” following a surge in claims after the state shuttered nonessential businesses to curb the coronavirus pandemic, Gov. Andrew Cuomo said.
False Reading: Fed's Equities Light Is "Green" But the Economy Is CrashingApr 21, 2020 - 09:57:27 PDT
Sadly, as markets stall and crash, participants will still be in their seats thinking all is well.
Companies with thousands of employees, past penalties from government investigations and risks of financial failure even before the coronavirus walloped the economy were among those receiving millions of dollars from a relief fund that Congress created to help small businesses through the crisis, an
One risk in this approach to fiscal-and-monetary expansion, needless to say, is inflation. But let’s assume that danger can be avoided by judiciously limiting the scale of any such expansion.
As COVID-19 causes a global meltdown, the world turns to the U.S. Federal Reserve. Last month, it opened up 14 "swap lines" to nations such as Australia, Japan, Mexico, and Norway. A "swap line" is like an emergency pipeline of dollars to countries that need them. The dollars are "swapped," i.e., traded for the other country's currency. The Fed has also started allowing around 170 foreign central banks that hold U.S. Treasury bonds to temporarily exchange them for dollars.
Central-bank balance sheets are expanding to record levels amid their latest buying spree, raising questions about how big they can get and whether those assets can ever be sold back to markets.
Bank of America Corp. raised its 18-month gold-price target to $3,000 an ounce -- more than 50% above the existing price record -- in a report titled “The Fed can’t print gold.”The bank increased its target from $2,000 previously, as policy makers across the globe unleash vast amounts...
The U.S. budget deficit may quadruple this year to almost $4 trillion. Projections from the Committee for a Responsible Federal Budget (CRFB) say that by 2023 U.S. debt held by the public will surpass records set in the post-World War II years.
Part of an emergency $2.2 trillion effort to help businesses and workers hit by the Coronavirus outbreak, the federal government has started handing out money this week to major airlines under what's known as the Payroll Support Program, as President Donald Trump on Tuesday said he was ordering federal officials to consider similar help for the U.S. oil and gas industry.
Sales could decline 30% to 40% in the coming months, according to the National Association of Realtors’ chief economist.
Trading in the United States Oil Fund, a popular exchange-traded security known for its ‘USO’ ticker which is supposed to track the price of oil, was briefly halted Tuesday before the opening bell. It resumed trading and plunged 20%.
As stocks rebounded... bond markets are saying this is far from over.
After oil prices fell into negative territory for the first time in history, here's what traders are saying about where prices could go next.
After oil prices fell into negative territory for the first time in history, here's what traders are saying about where prices could go next.
"Once you have negative prices in crude oil, the limits change totally. What happened yesterday was extremely bad for the confidence in the futures market. It’s not just back to normal trading anymore. It’s a confidence breaker."
One addresses financial market conditions, the implications of recent Federal Reserve actions – partly appropriate, partly misguided, illegal, and unlikely to survive challenge from Congress – and the appropriate investment decision-tree in any event
The US government budget deficit in March came in at $119 billion, according to the latest US Treasury Department Report.That's a massive budget shortfall. But it's actually the calm before the storm.
In this constantly updating blog -post, we follow the path of the global economic crisis put in motion by the coronavirus pandemic.
"Why not load the bazooka with the kitchen sink and go nuclear?"