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COVID-19 has cratered the global economy exposing the internal rot within our hyper-financialized global economy as nothing more than a pyramid of Ponzi schemes…
China’s numbers reportedly come under fire by US intelligence
Treasury Secretary Steven Mnuchin joins "Squawk on the Street" by phone to discuss the small business loan program, potentially investing in infrastructure and other measures the government is taking in the fight against coronavirus.
Shortfalls in revenue and cash flows, caused by the shutdowns, have simply exposed the vulnerabilities of a structurally unsound economic and financial system.
Gold did exactly what it was supposed to do as the pandemic hit, serving as a store of wealth. Milling-Stanley sees gold prices rising, despite some volatility.
The IMF predicted the “war” phase of the pandemic will endure “at least” one to two quarters.
How can the Fed launch an “unlimited” monetary stimulus with congress approving a $2 trillion package and the dollar index remain strong? The answer lies in the rising global dollar shortage, and should be a lesson for monetary alchemists around the world.
Mnuchin to Ask for More Small Business Loan If $350 Billion Pool Runs OutApr 1, 2020 - 08:23:05 PDT
The $350 billion loan program aims to help small businesses cover payroll and benefits during the coronavirus pandemic.
For most mortgage borrowers, the first of the month is payment day. This month,on however, is a very different story. Millions of borrowers have either lost jobs or income, and are suddenly struggling to make those monthly payments.
Companies prepping to cut billions in shareholder payouts. Earnings downgrades hovering near the worst on record. High-frequency labor and manufacturing data flashing the fastest economic shock in decades
Yes, the collapse is a direct cause of the last block being removed, but piece by piece the structure became increasingly unstable. The last block was the catalyst...
The nation’s 44 million renter households were already stretched financially. Over the next six months, they could need as much as $96 billion in relief.
Trader: Shorted Gold Yesterday And Trade Looks Good, Zones To Focus On Are $1400 & $1700April 1, 2020
"I want gold bugs preparing all the time, to fight price wars on the gold, silver, and mining stock gridlines..."
Refinancings Surge as Fed Supports Markets With Billions in MBS PurchasesApr 1, 2020 - 07:35:31 PDT
U.S. mortgage rates tumbled to the lowest on record last week after the Federal Reserve slashed its key lending rate and pledged to pump billions into the mortgage bond market to support liquidity.
Mr Sewing said in late January, promising Deutsche would go “on the offensive” in 2020.
Mandatory social distancing orders may be slowing the spread of COVID-19 in the Seattle area, home to the first coronavirus death in the U.S., but the city’s mayor, Jenny Durkan, warned against complacency, saying the Puget Sound region is still “a month or two away” from relaxing isolation rules.
Some economists estimate more than 20 million jobs could be lost in coming weeks, but Friday’s jobs report isn’t likely to reflect the depth of the...
The automaker has cancelled plans to restart production in both Mexico and the US...
"...most sectors reported a rapid deterioration in demand and production."
“I feel like the 2008 financial crisis was just a dry run for this,” said Kenneth S. Rogoff, a Harvard economist and co-author of a history of financial crises, “This Time Is Different: Eight Centuries of Financial Folly.”