Is this the black-swan event people have been predicting for years?
If we accept what is known about the virus, then logic, science and probabilities all suggest we brace for impact.
Rarely has an integral part the global economy faced such an abrupt and open-ended freeze out, as multinational businesses make hard decisions with limited information.
Disney, Tesla, airlines and other companies with significant footprints in China are suspending operations as they respond to the outbreak of the coronavirus.
Jeffrey Gundlach has slammed parts of the bond markets as being ‘as unattractive as I have ever seen in my career’, with BB-rated corporate debt coming in for particularly heavy criticism.
The Dow Jones fell 603 points on Friday and was down about 1% through the first month of 2020. As Peter Schiff pointed out on his latest podcast, if the old saying "so goes January, so goes the year" turns out to be the case, 2020 could longest bull market in history could be at its end.The S&P 500 also had a big 1.8% drop on Friday and is slightly in the red in 2020. The Nasdaq fell Friday, but remains the only index that is positive on the year. The Russell 2000 is down about 3.3% on the year.
At what level does government debt become unsustainable?
In the most recent Friday Gold Wrap podcast, Mike Maharrey talked about the fact that the Federal Reserve has increasingly engaged in more and more extraordinary monetary policy. As he put it, extreme has become the norm. Despite what pundits insist is a "great" economy, interest rates are extremely low by historical standards and the Fed is engaging in quantitative easing to the tune of $60 billion a month.While stock markets continue to make record highs and the economy continues to grow, the question is how long can this last?
There are more public-school students than ever who don’t have a home to shelter them every night, and for many, school is their only safety net, advocates say.
The 2019-nCoV coronavirus was declared a global emergency when the number infected surpassed that of the 2003 SARS outbreak.
https://www.zerohedge.com/geopolitical/who-warns-countries-should-prepare-local-outbreaks-pentagon-readies-quarantine-housing
China's central bank unexpectedly lowered the interest rates on reverse repurchase agreements by 10 basis points on Monday, as authorities stepped up measures to relieve pressure on the economy from a rapidly spreading virus outbreak. The People's Bank of China (PBOC) said on its website that...
Under a government travel restriction order, airlines have been tasked with questioning international travelers from all over the world to ask if travelers have visited China.
Beijing on Monday accused the United States of spreading fear over a coronavirus outbreak by pulling nationals out and restricting travel instead of offering significant aid.
The major indexes in China all fell around 9% each early on Monday's trading session following their return from an extended holiday amid an ongoing virus outbreak that has taken more than 300 lives in the country.
Over the years, numerous retail chains have filed for bankruptcy protection twice. Examples include Barneys New York, RadioShack, Wet Seal and American Apparel.
Latest data shows the Wuhan coronavirus continues to spread at an exponential rate. What does that mean & what should we be worried about?
Investors around the world are hurrying back to bullion...
Things in the global economy are out of balance, and people need to get ready for dramatic challenges coming. Catherine explains...
Investors are starting to learn about investing in gold again, but where does one start? Simon breaks-it down in his latest interview...