Precious metals are apparently waking up. And here is where you can find the best deals.
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Although Shilling has had days of illuminated economic insight in the past, he is dead wrong that COVID-19 is 'driving the last nail into the coffin of the globalists.' This is their day of victory, not defeat, because Technocracy has been the endgame.
US airlines are seeking government assistance of more than $50 billion, including a mix of direct aid and loan guarantees, as the industry reels from the coronavirus outbreak.
S&P 500 companies lost more than $2 trillion in value in the first few minutes of trading on Monday as investors panicked about the mounting damage from the coronavirus pandemic on the global economy.
Mar 16, 2020 - 09:50:53 PDT
"I have been concerned that when the economic downturn would come, it would lead to hitting the 0% interest rate in an economic downturn with a lot of debt outstanding and big wealth and political gaps the way that configuration of events happened the 1930s,"
International Monetary Fund Managing Director Kristalina Georgieva on Monday called on governments to take additional fiscal stimulus measures and to keep in close contact to stop the coronavirus from causing long-term economic damage
As the administration scrambles to soothe the market during yet another day of trading-halt chaos, Larry Kudlow just tried to jawbone the market higher by raising the prospect of helicopter money.
The Stock Market Is Pricing in a Recession, Maybe Something More 'Onerous'Mar 16, 2020 - 09:16:59 PDT
The market’s blistering sell-off over the last month is so bad that investors have already pretty much priced U.S. stocks as if the economy is headed for a recession, based on a history of past declines around economic downturns by RBC.
Fed Will Offer an Additional $500 Billion in Overnight Repo Funding MarketMar 16, 2020 - 09:01:54 PDT
A day after a dramatic move in interest rates, the Federal Reserve on Monday increased the amount of liquidity it’s offering in short-term lending to the financial industry.
Subtract their immense debts and they have negative net worth, and therefore the market value of their stock is zero.
Companies world-wide are drawing down their credit lines at the same time, forcing banks to cough up large sums of money on short notice and further straining a financial industry already hammered by sinking interest rates.
America’s central bankers thought they had plenty of time to prep for their next encounter with the zero-rate world they escaped with such difficulty after 2008.On Sunday night, the coronavirus plunged them back into it well ahead of schedule.I
“Whatever it takes” to flatten the Covid-19 infection curve means both draconian lockdowns and fiscal stimulus.
Fiat Chrysler Ends Production at Majority of European Plants Due to VirusMar 16, 2020 - 08:06:24 PDT
Fiat Chrysler is ending production at the majority of its European plants through March 27 due to the coronavirus, the company said Monday.
Airlines are slashing capacity around the world to confront the collapse in bookings as coronavirus spreads.
"It took us a day or two whereas it would have taken months on a normal computer."
All we need are green lights on gold from gold-futures speculators’ positioning and gold investment capital flows....
World Health Organization officials are holding a news conference scheduled for 11 a.m. EDT Monday to update the public on the coronavirus outbreak.
Recessions reverse excesses...
Ole Hansen, head of commodity strategy at Saxo Bank A/S. Still, gold “will eventually move higher given the inflationary impact of current and future decisions taken by governments around the world.”
"The key takeaway will be that they have truly expended all of their ammunition and this is the action of a central bank that is scared."