Precious metals are apparently waking up. And here is where you can find the best deals.
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It took a viral invasion to unmask the weakness of American finance. Distortion in the cost of credit is the not-so-remote cause of the raging fires at which the Federal Reserve continues to train its gushing liquidity hoses.
Euro zone business activity collapsed last month as attempts to contain the coronavirus pandemic pushed governments across the continent to shut down vast swathes of their economies, from shops to factories to restaurants, a survey showed on Friday.
Veteran Fed analysts and former officials say it is almost a given the central bank will expand what is already a historic set of programs that for now are limited by strict credit standards.
Japanese ruling party executive Fumio Kishida said on Friday he has agreed with Prime Minister Shinzo Abe to offer 300,000 yen ($2,800) in cash payments per household that suffers a certain degree of income declines from the coronavirus pandemic.
"Our expectation is the energy companies, like all our other companies, will be able to participate in broad-based facilities, whether it’s the corporate facility or whether it’s the main street facility, but not direct lending out of the Treasury."
"Only California’s unemployment trust fund is in worse shape than New York’s."
U.S. Doubles Small Business Loans’ Rate to 1% After Lenders Balk: BloombergApr 3, 2020 - 04:45:35 PDT
Lenders complained that the previous approved rate of 0.5% was below even their own cost of funds.
Gas prices have taken a dramatic plunge in recent weeks, with some stations offering fuel for less than $1 a gallon. Now, the national average has dropped below $2 per gallon, which is something the US hasn't seen since 2016. The last time we saw a sustained period of gas below $2 per gallon was all the way back in 2004.
It will deepen and prolong a U.S. recession regardless of Fed intervention.
Coronavirus Is Unleashing an 'Economic Shock Wave' Not Felt Since the 1930sApr 3, 2020 - 04:38:53 PDT
The Morgan Creek Capital Management CEO and CIO sees the Great Depression as the closest comparison to what's happening to the coronavirus ravaged economy.
The obvious effect would be a shift from the deflationary psychology that has gripped markets over the past decade to a new period of inflation.
“The recession appears to be deeper and more prolonged than we were led to believe just 14 days ago when we last updated our forecasts, not just in the U.S. but globally as well,”
Governments will create money in a way that goes beyond any balance sheet or off-balance sheet constraints. The 2009-2020 bull market, the longest in history, has just died of a coronavirus. Meanwhile, our economic and political structures are the weakest since the 1930s,” Jakobsen said.
Is it time to fade this short-term rally in the markets? Yes, this pro tells Yahoo Finance in large part because of the unpredictable nature of the coronavirus.
The Fed's balance sheet increased to a record $5.86 trillion this week and the central bank reported greater use of some of its newly launched liquidity facilities, all part of its efforts to keep markets functioning smoothly amid heightened volatility related to the coronavirus pandemic.
The Congressional Budget Office (CBO) is anticipating a grim second quarter this year as the economy sputters amid coronavirus-related layoffs and business closures, CBO director Phill Swagel said …
Almost half of all working Americans say they or a member of their household has lost income due to the coronavirus pandemic
Global cases: More than 1,016,000. Global deaths: At least 53,100. Top 5 countries: United States (245,540), Italy (115,242), Spain (112,065), Germany (84,794), and China (82,456).
We've created a short educational -- and SHAREABLE! -- clip for why masks are so important, so that you can get others onboard this movement
The Germans are hoarding gold. What is their motivation?