Precious metals are apparently waking up. And here is where you can find the best deals.
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Central banks are doing all they can. Governments need to respond with fiscal policy.
European government bonds from Italy to Greece surged after the European Central Bank launched a $750 billion euro ($820 billion) debt-buying program to keep borrowing costs in check as countries prepare to increase spending to counter the impact of the coronavirus.
The economic impact of the growing coronavirus outbreak is shifting from service-driven industries like hotels and restaurants to the manufacturing sector on both sides of the Atlantic, leading to a synchronized shutdown of heavy industry that historians and industry experts say is unlike any seen since the 1940s.
Preparations to shut down much of the U.K. appear to be in place with all schools set to close on Friday and public transport closures introduced in London.
With millions now living under lockdown, many without income, the serious reality of the coronavirus' impact is sinking in.
Scott Minerd, Guggenheim Partners co-founder and Guggenheim Global chief investment officer, discusses his outlook for Federal Reserve monetary policy. He speaks during an interview with Bloomberg.
The White House dramatically scaled up its request to Congress for an additional $1.3 trillion, including $500 billion in direct payments to Americans, $50 billion in loans to the distressed airline sector, and $150 billion to “severely distressed sectors” of the economy from the virus outbreak.
Dow Futures to 300 Point Gain After ECB Announces Massive Stimulus PackageMar 18, 2020 - 16:14:13 PDT
Futures swung higher after the ECB announced a new Pandemic Emergency Purchase Programme that will deploy €750 billion ($819 billion) to purchase securities to help support the European economy. The central bank said purchases will be conducted until the end of 2020 and include a variety of assets including government debt.
Run for your financial life, the biggest bailouts and helicopter drops in history are here. What does it all mean? Where will Mike Maloney be running? Join him in today’s update and get the the latest news for the markets, gold & silver, and stay to the end for some very important viewer feedback regarding the ‘safe haven’ status of precious metals.
Those who remember the last crisis should recognize the creeping nationalizations similar to what the US did with Citi and various other insolvent banks in 2008.
This is the first time the physical trading floor of the Big Board has ever shut independently while electronic trading continues.
Gundlach predicted during his DoubleLine call yesterday that "the U.S. national debt likely to grow to $30 trillion in two or three years as spending explodes in response to the crisis", which means about $3-4 trillion in net issuance per year, and that upcoming supply tsunami is certainly sending bond prices lower...
Branch closures are the latest sign of the toll the coronavirus pandemic is having on the financial system.
The U.S. Federal Reserve is facing increasing pressure to go well beyond its crisis-era play book and dramatically boost its support for the nose-diving economy via new lending programs for businesses and state and local governments.
Employers are slashing jobs at a furious pace across the nation due to mass shutdowns over the coronavirus, slamming state unemployment offices with a crush of filers facing sudden crises.
The coronavirus saga is starting to follow the outlines of the 2008 credit crisis.
It’s a quirk of the ETF industry. Known as “create-to-lend,” new shares are generated in order for investors to borrow and sell short against the fund.
...this collapse does portend to be far worse than the last and it’s a very different type of financial collapse too.
Oil falls 24% in 3rd worst day on record, sinks to more than 18 year lowMar 18, 2020 - 11:38:38 PDT
Oil prices dropped to their lowest level in more than 18 years as the coronavirus outbreak saps demand.
The dollar is screaming higher as stocks crash...