Precious metals are apparently waking up. And here is where you can find the best deals.
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The Federal Reserve keeps coming up with new and creative ways to get more people deeper into debt while simultaneously shielding banks from any risk.
Stocks of gold held in vaults in New York registered with CME Group's Comex exchange have jumped to 15.9 million ounces, the most since at least 2002, as a large price premium sucks bullion to the city.
The telltale signs of dislocation are showing up in the gold market again.Gold traded in New York and London -- two markets that used to move in lockstep before the coronavirus crisis -- have diverged.An ounce of gold sold on the Comex was about $50 more expensive than in London on Tuesday...
As the coronavirus lockdown drags on and governments at every level enact more and more draconian measures nobody seems to have an answer for what I believe is a most crucial question.What's the exit strategy?
The Fed will be operating at an unprecedented scale, reportedly lending as much as $5 trillion, which is more than its entire balance sheet before the crisis. It will also be engaging in a practice in which it has little experience: targeting capital to individual companies in commercial industries. This is an important and complex task that requires great care and speed.
U.S. Banks Grapple With System Glitches, Paperwork Snags for Small BusinessApr 7, 2020 - 05:02:49 PDT
The U.S. government's $350 billion small-business rescue program was plagued by paperwork and technical issues as it lurched to the end of a fourth day on Monday, with some banks experiencing major glitches with the processing system, according to industry groups, bankers and an email seen by Reuters.
Trump said on Monday that a second round of direct payments from the federal government to Americans was under serious consideration to help limit the economic fallout from the coronavirus pandemic.
he International Monetary Fund may launch a new program to help address the global shortage of dollars, providing a backup to the Federal Reserve’s campaign to keep greenbacks flowing around the world economy.
CBA, Westpac, ANZ, and NAB gets downgraded by Fitch. The downgrades are said to reflect the significant impact measures to slow the spread of the coronavirus outbreak will have on the banks' core markets in Australia and NZ...
Talk is also turning of how to exit the crisis, which has grown so deep economically here that the government is now discussing the introduction of a universal basic income.
The U.S. Federal Reserve, over the past 16 years, has far outpaced other key global central banks in terms of expanding its balance sheet to support financial markets.
Christine Lagarde’s $810 Billion Coronavirus U Turn Came in Just Four WeeksApr 7, 2020 - 04:33:59 PDT
Christine Lagarde was barely four months into the European Central Bank presidency when she sat down at her dining room table, two iPads and two phones at hand, and prepared to tell her colleagues it was time to unleash massive stimulus or face an existential crisis.It was 7:30 p.m. on
Wells Fargo & Co. said it can’t fully meet demand from small businesses rushing to participate in a U.S. relief program because of constraints imposed by the Federal Reserve on the bank’s growth.
Congress‘s next stimulus bill to prop up the U.S. economy during the coronavirus crisis will be at least another $1 trillion, House Speaker Nancy Pelosi told Democrats on a private conference call.
Japan Declares Coronavirus Emergency, Approves a Near $1 Trillion StimulusApr 7, 2020 - 03:56:32 PDT
That exceeds the equivalent of 11% of U.S. output for the stimulus package laid out by President Donald Trump and 5% of output for Germany’s package.
Even when a vaccine is developed, Fauci said things may never return to what was considered normal before the virus because it will always be a looming threat.
There are just under 28 million nurses worldwide, about 5.9 million short of what the world needs to adequately care for the growing population.
As voters in six 2020 swing states worry about getting the coronavirus, they're also concerned about lost wages and covering the cost of living.
Global cases: At least 1,341,907. Global deaths: At least 74,476. Most cases reported: United States (366,614), Spain (136,675), Italy (132,547), Germany (102,453), and France (98,959).
We're finally seeing very promising developments on the covid-19 treatment (hydroxycholorquine) and vaccine (PittCoVacc) fronts