Precious metals are apparently waking up. And here is where you can find the best deals.
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The federal government is borrowing and spending trillions to bail out everybody. The Federal Reserve is enabling this by printing trillions of dollars out of thin air. On a recent InfoWars interview, Peter Schiff asked the question nobody seems to be grappling with: who's going to pay for all this? Peter reminds us that ultimately we pay - either through taxation or inflation.
JPMorgan Chase and Wells Fargo set aside billions of additional dollars to get ready for a flood of customers to default on their loans as the coronavirus pandemic pummels the economy.
Year-over-year, headline retail sales crashed 6.2% - the biggest drop since Sept 2009...
Citigroup's Q1 Profit Tumbles 46% ,Sets Aside More Money for Loan LossesApr 15, 2020 - 05:35:23 PDT
Citigroup reported a sharp drop in its first-quarter profit as the bank built its loan-loss reserves by $4.9 billion.
Goldman Sachs Group Inc reported a 49% drop in quarterly profit on Wednesday, as it set aside significantly higher provisions related to corporate loans due to the impact of COVID-19 and booked heavy losses on its debt and equity investments.
China’s $3 trillion trust industry, a key alternative source of funds for weaker companies, risks sending shock waves through the nation’s financial system with defaults among its investment products predicted to double this year under the strains of the coronavirus outbreak.
"What we’re really going to be looking for is, are companies giving us an idea of when they think they’ll return to profitability, or, are they talking about more layoffs?”
Between them, the Big 4 banks have set aside $24 billion in credit losses for what is set to be powerful recession.
Moody's Investors Service says that its Asian Liquidity Stress Indicator (ALSI) jumped to 38.7% in March from 32.9% in February, approaching the all-time high of 38.9% registered in February 2019.
This would mean a deepened and prolonged downturn running well into next year. Should this worst-case scenario happen the world economy would be on course to shrink by more than 10% and talk of a second Great Depression would be merited.
All three of the banks mentioned above are considered “universal” banks. They are actively engaged in high-risk derivatives trading, as well as the stock and bond markets and securitizing pools of debt...
Some day, soon one hopes, the people will rise up and overthrow the biggest cancer in the face of humanity.
When you look at the history of recessions, there's an interesting pattern: Employment rebounds more slowly after each one. This is because technology keeps advancing -- it can do more and more tasks that used to require humans. After each successive downturn, those tasks don’t go back to people
Apr 15, 2020 - 04:47:21 PDT
It’s a concerted campaign to shift consumers towards a digital mode of commerce that can easily be monitored, tracked, tabulated, mined for data, hacked, hijacked and confiscated when convenient.
Regulators have given banks the green light to use stimulus funds to pay off debts that individuals owe them.
The move would result in a delay for getting the checks out the door because of technology changes needed to include the new signature.
More than 80 percent of the benefits of a tax change tucked into the coronavirus relief package Congress passed last month will go to those who earn more than $1 million annually, according to a report by a nonpartisan congressional body expected to be released Tuesday.
Governments that overspent in growth times, massively increased debt and ignored the pandemic risks only to then create a widespread lockdown cannot present themselves as the solution.
57% say COVID-19 second wave = biggest tail risk, followed by systemic credit event...
The figures documenting the coronavirus-induced collapse are so horrific -- like 6.6 million new jobless claims last week alone -- it’s hard to fathom them.