Precious metals are apparently waking up. And here is where you can find the best deals.
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The ECB promises to “monitor markets closely.” Then it came out with a new bond buying binge.
Kuroda - who controls Japan's money printer and yet has managed to accumulate a massive loss on his equity purchases - has got to be the dumbest central banking daytrader to have ever lived.
Many people have likened the battle against coronavirus to a war and invoked imagery of the US fighting World War II. President Trump has even deemed himself a "wartime president."The president told reporters at a White House briefing that fighting the virus would require a sacrificial national effort just like it took to defeat the Axis in the Second World War.
Just for some context, that is more than one month of 'old QE' in one day!!
Given what’s happening in the markets, it’s time to look at the history of crashes in gold and silver. And just as important, to see what message we can glean about their recoveries.Despite the scary market activity, what’s happening to gold and silver, believe it or not, is not new. There have been many periods in history where they have crashed. The reasons vary, as does the severity and duration.However, the thing to be aware of, as I’ll show, is that they recovered. Always. The only issue is how long the process took and how high they ultimately went.
Dalio Estimates Corporate Losses in the US From Virus to Top $4 TrillionMar 19, 2020 - 06:11:31 PDT
The Bridgewater Associates founder also estimated the global corporate losses will hit $12 trillion due to the pandemic.
Next Week's Jobless Claims Could Hit 2 Million as Virus Halt Slams LaborMar 19, 2020 - 06:08:16 PDT
"It looks to me like the order of magnitude in most states seems to be about 10 times higher than the normal weekly numbers before the crisis," said Pantheon Macroeconomics' Ian Shepherdson.
Weekly Jobless Claims Jump 281,000 Ahead of Surge in Coronavirus LayoffsMar 19, 2020 - 06:06:57 PDT
Jobless claims rose to 281,000 last week, reflecting only the first indications of the impact the coronavirus will have on the U.S. employment picture
The Federal Reserve said Thursday it will extend its currency exchange program to other central banks around the world as the demand for dollars intensifies.
On Wednesday, March, 18, Peter Schiff did a live episode of his podcast and took questions for over four hours.In a nutshell, Peter made the case that the real crash is here. He covered a wide range of topics relating to the ongoing and ever-evolving coronavirus crisis.
“We are officially declaring that the economy has fallen into a recession ... joining the rest of the world, and it is a deep plunge,” the firm said in a note to clients Thursday.
As America Goes Nuclear, EU Is Greatest Threat to the Global Financial SystemMar 19, 2020 - 04:44:14 PDT
Washington was slow to act. Covid-19 denialism wasted three vital weeks. But the US is now moving with the sort of determination shown after Pearl Harbour. It is an impressive beast when roused, even if it cannot alone stop markets repricing the frightening reality of an economic sudden stop for the whole planet.
Like the New Deal, every additional billion dollars in stimulus and bailout spending will further delay the economic recovery we all want and need.
BoE governor Andrew Bailey said on Wednesday that the central bank stands ready to pump unlimited amounts of money into the economy.
"Not only are we looking at a very sharp recession...we may have a depression...it's very important to understand what happens when economic and financial deleveraging come together..."
Airlines are warning they may need bailouts as the virus outbreak brings more countries into lockdown, while central banks are injecting trillions of dollars more into the financial system to grease the gears of the global economy.
Mar 19, 2020 - 04:07:39 PDT
Paul McCulley, Former PIMCO Chief Economist and Senior Fellow at Cornell University, joins "Closing Bell" to discuss what the Fed should do in terms of reducing long-term damaged due to the coronavirus outbreak.
The four-letter acronyms for 'bailout' continue to play out exactly like during the Lehman crisis (as we previewed here), as The Fed desperately tries to hold the backbone of the entire global financial markets together with whack-a-mole buying programs to avoid investors seeing behind the curtain of the whole Potemkin Village.
Markets for newly issued company debt and commercial paper have already prompted the Fed to step in.
Mar 19, 2020 - 03:53:40 PDT
Financial markets are sending central banks a stark message: tackling the economic impact of the coronavirus isn’t just about easing financial conditions.