Precious metals are apparently waking up. And here is where you can find the best deals.
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Hence, double digit CPI and intractable stagflation is on the way. This will lead to the real crash; an inflationary and insolvency implosion of the bond market where there is nothing governments can do to mitigate the crisis. For, if they stop printing money the record amount of debt outstanding crashes in price from the thermosphere due to the exit of its primary buyer.
No wonder New York business circles are absolutely terrified. They insist that if the US does not immediately go back to work, and if these possibly quadrillions of dollars of derivatives start to rapidly implode, the economic crises that will unfold will create a collapse of the magnitude of which has not been witnessed in history, with incalculable consequences.
Barron's: The Fed’s latest weekly data show a slowdown in new lending to businesses & falling lending to households. The government needs to act if it wants to avoid a downward spiral of falling spending and employment.
Just when it seemed impossible to do more, along came the coronavirus, spurring the Bank of Japan to double-down on its already massive market operations.The BOJ’s presence is now felt in virtually every corner of Japan’s financial markets and its actions continue to shape global money...
Warns Paul Tucker former deputy governor of the Bank of England who helped formulate the central bank’s response to 2008 financial crisis...
Gold prices surged to seven-year highs on Tuesday as rising fears over the scale of the impending economic downturn continue to drive investors away from risk.
Debt-fueled stimulus into a lengthy and painful recovery may generate a deflationary spiral short-term that will likely be addressed with more monetary and fiscal stimulus and, then, create stagflation.
Investors have been hoarding cash at a rate not seen since the immediate aftermath of the 9/11 attacks of 2001, BofA's April fund manager survey showed, as the coronavirus roiled global financial markets.
Goldman sees a second quarter GDP decline of 11% from a year ago and 35% from the previous quarter on an annualized basis.
A recovery could have the same kind of Fed stimulus and rapid asset price inflation that marked the end of the last major downturn, says Jan Van Eck, CEO of Van Eck Associates.
JPMorgan Chase just disclosed that rising job losses effectively wiped out most of its profit in the first quarter — and things may get far worse, the bank’s finance chief warned.
10 US States Developing 'Reopening' Plans Account for 38% of the EconomyApr 14, 2020 - 07:44:26 PDT
The 10 U.S. states coordinating plans separately from the White House to reopen businesses shut by the coronavirus are responsible for an outsized proportion of the U.S. economy.
Global debt is expected to increase significantly over the next year, the top economist of the International Monetary Fund said on Tuesday, while moratoriums on debt payments and debt restructuring may need to be continued as the world economy emerges from the coronavirus pandemic lockdown.
That chart is proof of massive asset inflation as well as price inflation. Take your pick, but the Fed does not see it.
A funding backstop the U.S. Federal Reserve launches on Tuesday should help address liquidity problems that have lingered in the coronavirus-roiled commercial paper market, although participation by debt issuers may be short-lived, analysts said.
he world’s seven largest industrial economies and central banks support a new IMF program that seeks to quickly address a shortage of dollars in emerging markets.
The economic wreckage of the coronavirus pandemic in Israel may include a bout of deflation, according to the IMF .Israel, which hasn’t experienced a sustained period of price declines since 2016, may a see a drop of 1.9% in consumer costs this year, the steepest among all forecasts published Tuesday in the IMF’s updated economic outlook.
In what is perhaps not totally surprising, the deflationary winds of a global lockdown washed ashore in the US with a collapse in both US import and export prices (though both were modestly better than expected).
Wells Fargo Reports 1 Cent Profit After Loan Loss Provision Soars $4 BillionApr 14, 2020 - 06:52:24 PDT
Between JPM and Wells, the coronavirus crisis has already prompted just two banks to provision over $10 billion in loan losses.
The IMF d predicted the “Great Lockdown” recession would be the steepest in almost a century and warned the world economy’s contraction and recovery would be worse than anticipated if the coronavirus lingers or returns.