Precious metals are apparently waking up. And here is where you can find the best deals.
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Mar 25, 2020 - 04:42:22 PDT
Stephen Roach, Yale University's Jackson Institute for global affairs senior fellow and former Morgan Stanley Asia chairman, joins 'Fast Money' to discuss President Trump's remarks that the country will be able to be open in three weeks.
A hike in interest rates, combined with a massive shutdown of the economy caused homeowners and potential homebuyers to back away from the mortgage market.
...$16-Tn Markets for Residential & Commercial Mortgage-Backed Securities. In good Financial Crisis manner, stuff blows up despite the Fed’s effort to stem the chaos. Now hoping for taxpayer bailouts.
Oops, that was the $4.6 Trillion Driver of the Stock-Market-Bubble.
If the stock market finds a near-term bottom, it's likely to be built on a trap door that could give way to another big decline.
It appears on early Wednesday morning, the White House and Republican and Democratic Senate leaders reached a deal to keep the American economy humming during the virus crisis and hopefully avoid depression in the second and third quarters.
Global cases: At least 375,498, according to the latest figures from the World Health Organization. Global deaths: At least 16,362, according to the latest figures from the WHO.
Governments around the world are struggling to answer: What's the bigger priority, saving lives or the economy? Lots of strong opinions on both sides and not lot a lot of agreement (yet).
The White House indicated that the entire aid package could actually cost between $6 trillion and $10 trillion or more since the Federal Reserve is also pumping as much as $4 trillion through expansive monetary policy.
The Federal Reserve is the largest holder of Real Estate on the planet. How did they do it? It was actually pretty simple…they created trillions of dollars of counterfeit currency and used it to bid assets away from ordinary people, while also buying endless amounts of Mortgage Backed Securities. Join Mike Maloney as he explains how the Fed’s reckless actions will lead to the world’s economies and currencies falling like dominoes.
Kudlow said the price tag for the package the Senate and administration is finalizing amounts to roughly $6 trillion, at least $4 trillion more than earlier estimates.
GOLD MARKET Is BLOWING-UP! Huge PROBLEMS At COMEX, LBMA, New York, Canada, South Africa, London And Switzerland OH MY!March 24, 2020
Is this the very moment we've all been waiting for?
The global economy hasn’t looked this fragile since the Great Depression of the 1930s, according to Harvard University economist Carmen Reinhart.That was the last time the world witnessed a sustained downturn in both emerging markets and their developed-nation counterparts, she said.
Microsoft co-founder Bill Gates said the US didn't act fast enough on the COVID-19 pandemic.
President Trump's remarks came as more states imposed extreme measures to try to slow the spread of the coronavirus.
Jobless Claims Near 1 Million in Canada, Crushing Weekly Record: BloombergMar 24, 2020 - 12:39:32 PDT
Nearly one million Canadians applied for jobless claims last week, representing almost 5% of the labor force, according to a senior government official with knowledge of the data.
The amount of cash circulating in the euro area increased last week by the most since October 2008, in the latest sign that the coronavirus pandemic has sparked the biggest economic crunch at least since the global financial crisis.
Trump, Spence Held Call on Economy With Investors Paul Tudor Jones & MoreMar 24, 2020 - 12:02:38 PDT
Investors on the call included Dan Loeb, Stephen Schwarzman, Intercontinental Exchange's Jeffrey Sprecher and Paul Tudor Jones.
BofA Waives Fees, Defers Payments on Credit Cards, Mortgages & Auto LoansMar 24, 2020 - 12:00:16 PDT
Bank of America cardholders are receiving financial relief during coronavirus. Citi, Chase, Capital One, Discover, Apple and American Express have made similar announcements.
Many of us have experienced the empty grocery shelves, the mad run on toilet paper (Calling Mr. Bidet?), and the ubiquitous face of Anthony Fauci of the National Institutes for Health on television broadcasts.