Precious metals news

That's a 7% drop in global working hours this quarter, a UN labor agency says, with 30 million jobs lost in the first quarter of 2020 alone.

Members of an influential financial markets advisory panel are pressing the Fed to give mortgage service companies emergency funding as struggling borrowers rush to delay their repayments, two people involved in the talks told Reuters.

Alas, February data was meaningless; however next month's data will be extremely interesting, as it will show that US consumers either splurged like mad, charging everything as the crisis hit, or they went into a savings hibernation.

President Donald Trump gives an update on CARES Act for small business relief amid the coronavirus outbreak. Following the roll-out of the $2 trillion economic stimulus plan in response to the outbreak, Senate Majority Leader Mitch McConnell said Tuesday that he hopes to approve further funding for the small business loan program within the next few days.

Stocks built on the strong gains from the previous session as investors grew more optimistic about a decline in new coronavirus cases.

Strap in folks - another of Mike Maloney’s predictions appears to be coming true any moment now. Janet Yellen has been on a PR campaign over the last couple of days to pave the way for some institutional-grade theft: she’d like the Fed to be given the green light to start buying up stocks. As Mike says, “I truly believe that this mostly misguided market manipulation madness by these monetary morons and crazed Keynesian quants will create a calamitous currency crisis”.

Throughout history, bull market cycles make up on one-half of the "full market" cycle.

Congress late last month approved a $350 billion small business loan program as part of a more than $2 trillion stimulus bill aimed at helping the economy recover from the coronavirus pandemic.

...much of the recent explosion in the Fed balance sheet is temporary...

The aviation industry supports $2.7 trillion of the world’s GDP. This represents 3.6% of global gross domestic product, and if aviation were a country, it would rank 20th in size by GDP.

Steen Jakobsen, chief economist at Saxobank, said the optimism could be premature, claiming investors were failing to price in the long-term fallout of the crisis.

When the clock runs out, there is usually a second of silence before the explosion.

The world's top central bankers have pulled out all the stops in their fight against the coronavirus fallout, taking money printing to extremes that may become the new normal long after the pandemic is over.

It will take years to sort through the details, but Trump’s $2 trillion COVID-19 response looks like a double-down on the last disaster

The Federal Reserve and the ECB have decided to implement unlimited monetisation of the fiscal deficits that governments are running up in 2020 in response to the coronavirus crisis.

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email [email protected] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/7a7233a3-160a-41be-8d63-40f64e041e57 Nearly three-quarters of Americans say the coronavirus pandemic has reduced their family’s income, with nearly half saying they would be without any income at all if they were unable to work because of illness, according to a new poll for the Financial Times.

Forbearance requests grew by 1,270% between the week March 2 and the week of March 16, and another 1,896% between the week of March 16 and the week of March 30, according to numbers released Tuesday by the Mortgage Bankers Association.

Searches for “homes for sale” have fallen across all 50 cities in the study from their peak levels in 2020 thus far.

The result has been an economic free-fall that experts warn will be worse than the 2008 financial crisis. In the final two weeks of March, a record-shattering 10 million Americans filed for unemployment benefits, a stunning sign of the depth of the downturn.

"The public equity and debt markets are now nothing more than greater fool markets that are led by the greatest fools of all, the Fed and the Congress. US capital markets, RIP!"