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Euro zone inflation plunged this month on crashing oil prices, signalling the start of a possible deflationary spiral as government lockdowns in response to the coronavirus trigger a dramatic slowdown in economic activity.
U.S. stock markets steadied on Tuesday at the end of the worst first quarter for the S&P 500 since 1938 amid growing evidence of the largescale damage caused by the collapse in oil prices and business activity due to the coronavirus.
Predicting the stock market at a time like this is hard. To do so well, we would have to predict the direct effects on the economy of the COVID-19 pandemic, as well as all the real and psychological effects of the pandemic of financial anxiety. The two are different, but inseparable.
Notably, the cutoff date for the results was March 19, before it really started hitting the fan.
The coronavirus is guaranteed to throw the world into recession, but economists are becoming less convinced about the potential for a strong snapback in growth.
Real estate billionaire Tom Barrack, talks about the state of the commercial mortgage market and if the Federal Reserve is doing enough to help it. He speaks to Erik Schatzker on "Bloomberg Markets."
The Fed is intervening once again to try to smooth out the world's lending markets, this time by lending dollars to other central banks in exchange for Treasurys. The Fed's move Tuesday marks its latest aggressive effort to keep borrowing rates down and ensure that financial markets...
The Fedhas moved into overdrive to try to keep the U.S. economy from suffering lasting damage from the coronavirus pandemic, announcing an emergency interest rate cut on March 3 and rolling out new efforts almost weekly since, including slashing rates to zero and relaunching large-scale asset purchases.
Federal Reserve Bank of St. Louis President James Bullard talks about how the new stimulus package could impact the economy and monetary policy. He speaks to Bloomberg's Mike McKee on "Bloomberg Daybreak: Americas."
Goldman Sachs Group Inc. expects the U.S. economy to experience a far deeper slump than previously anticipated as the coronavirus pandemic hammers businesses, causing a wave of mass unemployment.The world’s largest economy will shrink an annualized 34% in the second quarter...
U.S. Was Already Deep In Debt. This Year's Deficit Will Be 'Mind Boggling'Mar 31, 2020 - 07:16:36 PDT
The economic rescue package just passed by Congress will push this year's budget deficit above $3 trillion. Such huge levels of deficit spending used to set off alarm bells in Washington, but no more.
Two decades since the euro began, one of the principal worries of its founders is materializing as the coronavirus rages through the region’s third-largest economy.The longstanding suspicion that Italy’s profligate borrowing could ultimately become the whole of Europe’s problem was the...
“The dollar is still in demand despite pressure easing on risky assets and with liquidity far from average, the main thing to watch today should be month-end quarter-end rebalancing,”
Powers That Be And 1st Quarter's End: A Wave Down In Gold & Silver More likely By The HourMarch 31, 2020
This means that gold would likely slide well below...
The dire 0.4% forecast would be a level the world hasn’t seen since the economic crash of 1982, when global growth was calculated at 0.43%, at the time the worst financial downturn since the Great Depression of 1929-1933.
As the coronavirus-induced economic lockdowns have tightened across the US, we've seen the emergence of a government-inspired fantasy - the myth of the nonessential business.
Gold dropped as much as 2.4% on Tuesday as the dollar strengthened, but bullion was heading for a sixth straight quarterly rise amid fears over a global shutdown due to the coronavirus.
Mar 31, 2020 - 05:40:08 PDT
Barron's: Harvard economist Kenneth Rogoff talks about how this coronavirus crisis compares with the Great Depression, how it could morph into a financial crisis, and what election years and crises have in common.
Mar 31, 2020 - 05:38:08 PDT
Stresses in the U.S. dollar markets have pushed the Federal Reserve to open up a facility where foreign central banks can temporarily swap U.S. government bonds with greenbacks.
The violent swings in global markets are spurring massive reversals in exchange-traded funds.The $116 billion Vanguard S&P 500 ETF, or VOO, took in $1.7 billion last week -- following its worst outflow since October, according to data compiled by Bloomberg.