Precious metals are apparently waking up. And here is where you can find the best deals.
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The gold cartel has hit a wall...
On Sunday evening, the Federal Reserve announced additional extraordinary emergency measures in an attempt to keep at least some of the air in the bubble economy. But in fact, the Fed has been engaged in extraordinary emergency monetary policy for over a year.
Make no mistake, the financial system is collapsing under one giant margin call being issued to banks and hedge funds...
Mar 13, 2020 - 13:09:42 PDT
"A Shift in the Global Financial Order Is Upon Us" by John Authers, senior editor of Bloomberg News
The market just suffered its fastest, most aggressive collapse into a bear market... ever...
"Today, we have the Almost Everything Bubble. Stocks are in a bubble. Real Estate is in a bubble, and bonds are in a super bubble. Instead of a pin popping these bubbles, what we have is a guided missile, coordinated drone attack called the coronavirus.” Join Mike Maloney in his latest market update as he explains what may be coming next.
Aramco has been ordered to raise output capacity to 13 million bpd (from 12 million bpd), and it’s also going to slash its selling price by $6-$8 per barrel.
Funding strains in the banking system worsened slightly despite the New York Federal Reserve’s plan to inject $1.5 trillion of extra short-term funding.
Stock-market bears say the coronavirus pandemic is a problem central bankers are ill-equipped to fix. History suggests the U.S. stock market may take a...
The Bank of Canada is making an emergency cut to its benchmark overnight interest rate in the face of growing coronavirus fears. The 50 bps cut brings the rate down to 0.75 per cent.
Britain’s government and central bank announced a rare joint stimulus plan to combat the debilitating effects of the coronavirus on the economy, a bold move that raises questions about whether the broader region can muster a similarly synchronized response.
Even as stocks surge, the interbank funding market is approaching a state of total paralysis. Unless this is fixed, and soon, total systemic collapse may follow.
The dollar is headed for its best week since the financial crisis, fueled by a rebound in investor appetite for riskier assets and a desire by companies and others to park funds in the world’s favored reserve currency.
Pelosi spoke amid her intense negotiations with Mnuchin on a potential deal to provide economic relief to Americans affected by coronavirus.
President Donald Trump plans to declare a national emergency over the coronavirus pandemic, according to administration officials who spoke to NBC News. Trump speaks at the White House on Friday as the number of confirmed cases and deaths continues to rise in the United States. The World Health Organization declared the outbreak a pandemic on Wednesday.
A pandemic-driven global recession is becoming more likely by the day as the flow of goods, services and people face ever-increasing restrictions and financial markets slump.
Governments and authorities promise more efforts to stave off the economic impact of the virus.
The spreading coronavirus has already begun hurting the most vulnerable companies: those in bankruptcy or teetering on the edge.Retailers like furniture seller Pier 1 Imports Inc. and direct-mailer Bluestem Brands Inc. have pointed to virus woes in justifying their requests for court protection...
The rapidly escalating restrictions on travel and social gatherings will make it hard for New York City hotel owners to keep creditors at bay, the head of a local trade group said.
After falling to a record low just two weeks ago, mortgage rates are surging higher again. This comes as real estate agents try to deal with a new normal in what was supposed to be a busy spring housing market.