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Senate Nears $370 Billion Deal for Coronavirus Small Business Loan ProgramsApr 20, 2020 - 04:34:08 PDT
As of Sunday night, Senate Democrats and Republicans were negotiating a deal that would allocate $310 billion more into the Paycheck Protection Program, setting aside $60 billion for rural and minority groups
Over 22 million people have filed for unemployment benefits in the past 4 weeks. Many struggle with payments.
Proposed: $2,000 Monthly Stimulus Checks, Canceled Rent & Mortgage PaymentsApr 20, 2020 - 04:26:41 PDT
The CARES Act provided a lifeline for taxpayers and small businesses. But as a one-time cash payment, many fear that it didn’t do enough to support taxpayers in one of our country’s greatest times of need. Especially in light of the fact that many people still have not received their stimulus checks.
“A very sharp appreciation can be a disaster for countries that have a lot of dollar-denominated debt,” said Maury Obstfeld, a former International Monetary Fund chief economist who’s now a professor at the University of California at Berkeley.
The April 28-29 policy meeting will be the first scheduled FOMC gathering since January. On March 3, as the virus spread, the committee hastily assembled via teleconference to authorize a half-percent rate cut. It was an attempt to contain the ongoing meltdown in financial markets -- the first such emergency inter-meeting move since the 2008 crisis.
As in past crises that led to massive government interventions, new initiatives will largely stay in place once the business downturn ends to the long-term detriment of the economy, despite the “temporary” intentions of these programs.
David Bailin, chief investment officer at Citi Private Bank, said company earnings could fall by 40% "across the board" in the second quarter.
Global cases: More than 2.4 million. Global deaths: More than 165,200. Most cases reported: United States (759,696), Spain (198,674), Italy (178,972), France (154,098), and Germany (145,742).
So many of us are exhausted by the national lockdown and hoping we can all just get back to "normal" soon. So, will we be able to? Likely not, says Chris. Which means we need to be planning for the future we're actually entering, not the one we wish we had.
So many of us are exhausted by the national lockdown and hoping we can all just get back to "normal" soon. So, will we be able to? Likely not, says Chris. Which means we need to be planning for the future we're actually entering, not the one we wish we had.
Although the gold market has suffered from the same volatility of the markets the yellow metal has done its job amidst a health and economic crisis...
If the financial news organizations that touted the new Comex contract won't follow up on its quick disappearance, the contract will have served its purpose...
“The true value of gold is what you can buy with it.”That’s how Mike Maloney and Ronni Stoeferle of Incrementum begin the concluding video in their series.As Ronni points out, “one of our most famous charts shows the gold/beer ratio—in other words, how much beer you can buy for one ounce of gold.Here’s his long-term chart, which he and his team develop each year during the time of Oktoberfest in Germany (September). It shows how many liters of beer can be purchased with one ounce of gold.
In 2018 Mike Maloney gave a presentation titled ‘Early Warning’. Today we present to you one of the first segments of that presentation - an explanation of what Mike calls ‘Wealth Cycles’. Enjoy the video.
The recent rebound in gold from $1450 has been astonishing. I you look at the...
The FAANG stocks are at record highs….this is insane!” Join Mike Maloney as he shows some amazing data on the tech companies, crashing Chinese GDP, crumbling Australian exports, and how it all ties together to spell one outcome - global deflation.
Gold has rarely been a hotter trade, but the world’s two most important markets remain out of sync. In New York, the price of gold topped $1 750 for the first time in seven years on April 9. In London, it still hasn’t caught up...
The Federal Reserve and other central banks are doing unprecedented things. Some think inflation will be the result. While that may happen eventually, I believe we will first go through the most massive deflationary shock of all time.
The largest 5 stocks in S&P500 now account for 22% of market cap, even higher than during the dot com bubble.
Earnings held up during the first quarter — it may not last as loan losses mount.