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Unemployed Workers Could Get More Than 100% of Their Paycheck Under BillMar 27, 2020 - 10:12:36 PDT
The coronavirus relief bill would significantly expand unemployment benefits. For some workers, it could pay to be unemployed.
President Donald Trump on Friday lashed out at Rep. Thomas Massie, calling him a “third rate Grandstander” after the Kentucky Republican signaled he would oppose a $2 trillion coronavirus relief bill.
How To Get 12x More Gold Than You Paid For - Mike Maloney with Nuggets NewsMar 27, 2020 - 09:21:24 PDT
Could it be possible that there is a simple strategy that could allow an investor to own twelve times the gold they paid for? Join Mike Maloney as he explains the hidden forces behind the scenes of the gold/silver ratio, monetary demand for silver, and the opportunity that may await the patient and disciplined investor.
Fed’s assets spike to high heaven to bail out the imploded Everything Bubble it had worked so hard to inflate over the past decade.
Apple announces COVID 19 website & app in partnership with CDC, White HouseMar 27, 2020 - 09:16:34 PDT
Apple has developed a new website and app that will provide a screening tool for COVID-19 symptoms as well as up-to-date information from trusted sources about the coronavirus outbreak.
International Monetary Fund chief Kristalina Georgieva said Friday that the global economy is now in a recession thanks to COVID-19.
Nick Vyas, executive director of the Center for Global Supply Chain Management at the University of Southern California, said the effects of COVID-19 on the world's supply chain are far-reaching. “I would call this a once-in-a-century disruption that we’re facing,” he said. “What makes it even more
'We’ve Had 2 Huge Shocks to the System:' Port of LA's Executive DirectorMar 27, 2020 - 09:06:14 PDT
As Chinese ports resume activity halted by the coronavirus outbreak, U.S. ports are confronting another challenge - keeping workers healthy enough to handle the flood of imports expected.
The economic debate of the day centers on whether the cure of an economic shutdown is worse than the disease of the virus. Similarly, we need to ask if the cure of the Federal Reserve getting so deeply into corporate bonds, asset-backed securities, commercial paper, and exchange-traded...
U.S. Treasury Secretary Mnuchin said on Friday that the coronavirus economic stimulus bill before Congress is not an airline bailout and that taxpayers will be compensated for relief given to companies hobbled by the global pandemic.
U.S. consumer sentiment plunged in March as the global coronavirus pandemic weighed on the outlook for the economy, a widely followed monthly survey showed on Friday.
House Rushes Back to Washington to Try to Pass $2 Trillion Stimulus BillMar 27, 2020 - 07:48:31 PDT
The House aims to quickly pass a $2 trillion coronavirus stimulus plan, but one lawmaker's objection could push a vote as late as Saturday.
While these wounds will eventually heal the monetary battle will leave scars for years to come. The Fed’s balance sheet now slated to double to $9 trillion – $10 trillion. Helicopter money.
"I think people are getting wise to the fact that an absolute tsunami of global sovereign debt issuance is on its way. Best to sell it all to the fed now probably."
The US federal government is considering sending ‘helicopter money’ to Americans as an attractive alternative to outright monetary financing. This can be effective in slowing down a sharp decline in consumer spending, although it will probably not be enough to bring the economy back on an upward growth path.
“The outlook for the national economy for the year ahead changed dramatically in March, with the majority now expecting bad times financially in the entire country,’’
The US Fed has resisted cutting rates below zero so far. In my opinion, it is only a matter of time before either current Fed Chairman Jerome Powell or the one to follow him announces negative interest rates in the US, not because they want to, but because they are forced to.
There’s more evidence finally being released in the media of the dire energy predicament the world is now facing. The negative ramifications of peak oil and the falling EROI were going to hit the world economy within the next 2-5 years, but the global contagion has spread up the process considerably.
This unscheduled rate decision brings the policy rate to its effective lower bound and is intended to provide support to the Canadian financial system and the economy during the COVID-19 pandemic.
Treasury Secretary Steven Mnuchin has formed a task force to recommend ways to ease a cash crunch that is expected to afflict mortgage firms as homeowners stop making payments on their home loans.