he sinking global economy is suffering through a colossal disinflationary shock that could briefly push it into dangerous deflation territory for the first time in decades.With many national economies all but shutting down in an effort to contain the coronavirus, prices on everything...
If this trend continues, the Fed will find it even harder to fuel economic growth by lowering interest rates. The problem here is: how far are they willing to go to keep the bubble economy going?
New York City's luxury housing market was already vulnerable, and now it has to deal with the coronavirus fallout.
In the end, it is more likely that a US government bailout will save the industry, rather than a global market intervention.
S&P 500 Index “weekly” Chart Last week’s sharp rally off the lows, gave bulls some relief. But if the bulls are going to have reason to cheer, they will need to see another move higher… and fast! Why? Just look at today’s “weekly” price chart of the S&P 500 Index. INDEXSP: .INX This key broad-based …
The businesses have taken the unsightly measure in an effort to defend against the potential for civil unrest caused by the coronavirus and a lack of officers on the streets.
As millions of people are told to stay indoors amid coronavirus scares and grocery store shelves empty, Amazon is facing an unprecedented surge in online orders that's causing delivery delays and certain items to run out of stock.
With more than 10 million people across the nation suddenly unemployed, bread lines are forming in the shadows of privileged enclaves like this one in Florida.
But this is going to get way worse, with job losses for April likely to be 10 or 20 times the awful March figure.
“Notice that during each of the previous two bear market cycles, confidence dropped by an average of 58 points.”
For retailers, facing an apocalypse isn't anything new. What's new is the fact that everyone else is too. With everyone in duress, those with the ability to pull the trigger that could put a retailer into bankruptcy have become more gun shy.
Recall that the initial deaths and related costs are only the first-order effects; policy makers have to consider the second-order effects.
Eradicate the virus — without a vaccine? Manage infection rates to let the population “build immunity through suffering” until a vaccine is available? How can we revive the econom…
Delta Air Lines (NYSE: DAL) and JetBlue Airways (NASDAQ: JBLU) both said Friday they are applying for federal assistance under the Coronavirus Aid, Relief and Economic Security (CARES) Act, emphasizing the precarious state the airlines are in.
The spread between US Treasury bonds and mortgage-backed securities jumped as the Fed withdrew from a market that it had supported with massive purchases over the past week.
The U.S. economy actually lost jobs on Friday, after a decade of gains, and the employment situation will likely only get bleaker as the nation remains closed for business to stem the spread of the deadly new coronavirus.
"We are struggling to get it under control, and that's the issue that's at hand right now," Fauci said on CBS's "Face the Nation" Sunday.
Global cases: More than 1.27 million. Global deaths: At least 69,300. Most cases reported: United States (337,072), Spain (131,646), Italy (128,948), Germany (100,123), and France (93,773)...
Watch this interview with virologist Dr. Angela Rasmussen, of the Center for Infection and Immunity at Columbia University's Mailman School of Public Health
The wicked capitulation flush savagely forced the weak hands out...