- Draghi: Europe Must 'Prevent From Morphing Into a Prolonged Depression’
‘The challenge we face now is how to act now with sufficient strength and speed to prevent the recession from morphing into a prolonged depression, made deeper by a plethora of defaults leaving irreversible damage.’
- 2 days ago, 27 Mar 20, 7:45pm -
- People Responsible For The World's Food Supply Starting are To Get Sick
Sanderson Farms, a large poultry manufacturer and Smithfield Foods, the world's largest pork producer, have both reported their first couple of positive cases of coronavirus.
- 2 days ago, 27 Mar 20, 7:33pm -
- Brazil Headed for 'Whatever It Takes' QE as Coronavirus Crash Looms
Brazil's central bank could soon be forced to fire up the money printing presses if the coronavirus-fueled recession facing Latin America's largest economy is as devastating as some economists fear. Many observers expect Brazil's $1.8 trillion econo…
- 2 days ago, 27 Mar 20, 7:32pm -
- Here Is A Breakdown Of The $12 Trillion In Global Stimulus Passed This Month
"Markets stop panicking when policy makers start panicking."
- 2 days ago, 27 Mar 20, 7:26pm -
- The Race To Debase the World's Currencies - Mike Maloney
Would you like to know why Mike Maloney gets so frustrated when people incorrectly refer to currency as money? It has a lot to do with what he calls 'The Race To Debase'. Join Mike in his latest update where he covers the huge change to the Federal R…
- 2 days ago, 27 Mar 20, 7:16pm -
- Infinite QE Is Destroying Traditional Bond Fund Strategies
(Bloomberg) -- In a matter of weeks, bond investors have seen some of their firmest market convictions swept away in a massive confluence of government stimulus and central bank intervention. Now, they’re being forced to rework their strategies for…
- 2 days ago, 27 Mar 20, 7:03pm -
- After Virus ‘War,’ Bretton Woods Style Shakeup Could Dethrone the Dollar
Seismic shifts might be in the offing for the global monetary system — a phenomenon that historically has occurred in the wake of world wars.
- 2 days ago, 27 Mar 20, 6:42pm -
- Economists Dancing On Inflation’s Grave, Let’s Hope It Stays Dead: Forbes
Since the coronavirus hit U.S. shores and forced a partial shutdown of the most powerful economy in the world, financial analysts and commentators have spent most their time debating one question: how much money can we pump into this economy?
- 2 days ago, 27 Mar 20, 6:38pm -
- U.S. Home Healthcare Industry Warns of Possible 'Collapse'
Home healthcare providers, the lifelines to 12 million vulnerable Americans, are scrambling to decide how to serve patients who show symptoms of coronavirus -- and how to ensure that the providers themselves neither catch nor spread it.
- 2 days ago, 27 Mar 20, 6:20pm -
- Homebound Workers Close to Overwhelming Internet Junctions
With so many workers videoconferencing from home - while their children stream videos and play Fortnite - the internet is creaking at the seams, according to Nokia Oyj.T he junctions between different internet networks are close to being overwhelmed,…
- 2 days ago, 27 Mar 20, 6:20pm -
- "The Bond Bubble Pops": This Is Why The Fed Bailed Out The Bond Market
There is a reason why the Fed took the unprecedented step to announce it would begin buying corporate bonds this week: according to Bank of America, which is looking at the latest EPFR fund flow data, March 20 was the "bond capitulation day" when a r…
- 2 days ago, 27 Mar 20, 6:11pm -
- House Passes $2 Trillion Coronavirus Stimulus Bill, Sends It to Trump
Trump has promised to sign the bill quickly, as widespread layoffs hit workers and hospitals ask for more resources to fight the coronavirus.
- 2 days ago, 27 Mar 20, 6:00pm -
- S&P, Moody’s Cut Credit Grades at Fastest Pace In a Decade
S&P Global Ratings and Moody’s Investors Service are downgrading U.S. companies at the fastest pace in more than a decade as debt-saddled corporations and entire industries struggle with a dramatic slump in demand brought on by the coronavirus pand…
- 2 days ago, 27 Mar 20, 5:27pm -
- Unemployed Workers Could Get More Than 100% of Their Paycheck Under Bill
The coronavirus relief bill would significantly expand unemployment benefits. For some workers, it could pay to be unemployed.
- 2 days ago, 27 Mar 20, 5:23pm -
- Trump Rages After Congressman Oppose Coronavirus Stimulus Bill
President Donald Trump on Friday lashed out at Rep. Thomas Massie, calling him a “third rate Grandstander” after the Kentucky Republican signaled he would oppose a $2 trillion coronavirus relief bill.
- 2 days ago, 27 Mar 20, 5:12pm -
- How To Get 12x More Gold Than You Paid For - Mike Maloney with Nuggets News
Could it be possible that there is a simple strategy that could allow an investor to own twelve times the gold they paid for? Join Mike Maloney as he explains the hidden forces behind the scenes of the gold/silver ratio, monetary demand for silver, a…
- 2 days ago, 27 Mar 20, 4:21pm -
- Helicopter Money for Wall Street: Wolf Richter
Fed’s assets spike to high heaven to bail out the imploded Everything Bubble it had worked so hard to inflate over the past decade.
- 2 days ago, 27 Mar 20, 4:20pm -
- Apple announces COVID 19 website & app in partnership with CDC, White House
Apple has developed a new website and app that will provide a screening tool for COVID-19 symptoms as well as up-to-date information from trusted sources about the coronavirus outbreak.
- 2 days ago, 27 Mar 20, 4:18pm -
- IMF Chief Georgieva Says the World Is in a Recession
International Monetary Fund chief Kristalina Georgieva said Friday that the global economy is now in a recession thanks to COVID-19.
- 2 days ago, 27 Mar 20, 4:10pm -
- 'Once in a Century Disruption' Reverberates Across Global Supply Chains
Nick Vyas, executive director of the Center for Global Supply Chain Management at the University of Southern California, said the effects of COVID-19 on the world's supply chain are far-reaching. “I would call this a once-in-a-century disruption th…
- 2 days ago, 27 Mar 20, 4:10pm -
- 'We’ve Had 2 Huge Shocks to the System:' Port of LA's Executive Director
As Chinese ports resume activity halted by the coronavirus outbreak, U.S. ports are confronting another challenge - keeping workers healthy enough to handle the flood of imports expected.
- 2 days ago, 27 Mar 20, 4:06pm -
- The Fed's Cure Risks Being Worse Than the Disease: Bianco
The economic debate of the day centers on whether the cure of an economic shutdown is worse than the disease of the virus. Similarly, we need to ask if the cure of the Federal Reserve getting so deeply into corporate bonds, asset-backed securities…
- 2 days ago, 27 Mar 20, 4:06pm -
- U.S. Not Bailing out Airlines, Boeing Not Using Federal Money: Mnuchin
U.S. Treasury Secretary Mnuchin said on Friday that the coronavirus economic stimulus bill before Congress is not an airline bailout and that taxpayers will be compensated for relief given to companies hobbled by the global pandemic.
- 2 days ago, 27 Mar 20, 3:59pm -
- U.S. Consumer Sentiment Plunges in March on Coronavirus Worry: Umich
U.S. consumer sentiment plunged in March as the global coronavirus pandemic weighed on the outlook for the economy, a widely followed monthly survey showed on Friday.
- 2 days ago, 27 Mar 20, 3:47pm -
- House Rushes Back to Washington to Try to Pass $2 Trillion Stimulus Bill
The House aims to quickly pass a $2 trillion coronavirus stimulus plan, but one lawmaker's objection could push a vote as late as Saturday.
- 2 days ago, 27 Mar 20, 2:48pm -
- The Battle: NorthmanTrader
While these wounds will eventually heal the monetary battle will leave scars for years to come. The Fed’s balance sheet now slated to double to $9 trillion – $10 trillion. Helicopter money.
- 2 days ago, 27 Mar 20, 2:36pm -
- Dealers Run Out of Securities To Use In Fed Repo Operations
"I think people are getting wise to the fact that an absolute tsunami of global sovereign debt issuance is on its way. Best to sell it all to the fed now probably."
- 2 days ago, 27 Mar 20, 2:25pm -
- US Helicopter Money: Rabobank
The US federal government is considering sending ‘helicopter money’ to Americans as an attractive alternative to outright monetary financing. This can be effective in slowing down a sharp decline in consumer spending, although it will probably no…
- 2 days ago, 27 Mar 20, 2:20pm -
- UMich Consumer Sentiment Crashes Most Since Oct 2008
“The outlook for the national economy for the year ahead changed dramatically in March, with the majority now expecting bad times financially in the entire country,’’
- 2 days ago, 27 Mar 20, 2:19pm -
- Why The Fed Will Go Negative: Forbes
The US Fed has resisted cutting rates below zero so far. In my opinion, it is only a matter of time before either current Fed Chairman Jerome Powell or the one to follow him announces negative interest rates in the US, not because they want to, but b…
- 2 days ago, 27 Mar 20, 2:18pm -
- The Energy Disaster: World Is Totally Unprepared For What’s Ahead
There’s more evidence finally being released in the media of the dire energy predicament the world is now facing. The negative ramifications of peak oil and the falling EROI were going to hit the world economy within the next 2-5 years, but the gl…
- 2 days ago, 27 Mar 20, 2:14pm -
- Bank of Canada Lowers Overnight Rate Target to ¼ Percent
This unscheduled rate decision brings the policy rate to its effective lower bound and is intended to provide support to the Canadian financial system and the economy during the COVID-19 pandemic.
- 2 days ago, 27 Mar 20, 2:09pm -
- Mnuchin Forms Task Force on Mortgage Firms’ Cash Crunch: WSJ
Treasury Secretary Steven Mnuchin has formed a task force to recommend ways to ease a cash crunch that is expected to afflict mortgage firms as homeowners stop making payments on their home loans.
- 2 days ago, 27 Mar 20, 2:08pm -
- Coronavirus Deals One Two Financial Punch to State Budgets
The coronavirus is pounding state governments with a financial one-two punch, costing them many millions to try to contain the disease just as businesses are shutting down and tax revenue is...
- 2 days ago, 27 Mar 20, 1:59pm -
- Echoes of Asia Financial Crisis Haunt Region’s Debt Market
As the coronavirus outbreak roils credit markets around the world, Asia is under particular threat.The region has led the world in economic growth for years as debt helped fuel frenetic construction of airports, bridges and apartment towers for milli…
- 2 days ago, 27 Mar 20, 1:57pm -
- G20 Leaders to Inject $5 Trillion Into Global Economy Against Coronavirus
Leaders of the Group of 20 major economies pledged on Thursday to inject over $5 trillion into the global economy to limit job and income losses from the coronavirus and "do whatever it takes to overcome the pandemic."
- 2 days ago, 27 Mar 20, 1:45pm -
- Is a Global Debt Crisis Coming?
Total worldwide debt is expected to continue growing over the coming months, despite having just climbed to a fresh all-time high. Given the three previous waves of global debt accumulation have all ended with financial crises, CNBC’s Sam Meredith…
- 2 days ago, 27 Mar 20, 12:09pm -
- Resurgent Dollar Paving Route to Higher Gold
In the 1960s, French politician Valéry d'Estaing complained that the United States enjoyed an “exorbitant privilege” due to the dollar’s status as the world’s reserve currency. He had a point.
- 2 days ago, 27 Mar 20, 12:06pm -
- Rickards: Get Ready for World Money
A devaluation of this magnitude will wipe out the value of your life’s savings. You’ll still have just as many dollars, but they won’t be worth nearly as much.
- 2 days ago, 27 Mar 20, 12:05pm -
- Dow Futures Point to 800 Point Drop at the Open
The Dow was coming off its biggest three-day rally since 1931.
- 2 days ago, 27 Mar 20, 12:03pm -
- NYSE President: Markets Will Stay Open Despite 'Unprecedented Anxiety'
The President of the New York Stock exchange says the markets will remain open despite “unprecedented anxiety” over the coronavirus and its impact on the economy.
- 2 days ago, 27 Mar 20, 11:59am -
- "I’ve Never, Ever, Ever Seen Anything Like This Before"
"You have enormous buyers of debt meeting massive coordinated fiscal stimulus by governments across the globe. For bond investors, you’re caught between a rock and a hard place."
- 2 days ago, 27 Mar 20, 11:54am -
- Yra Harris Notes From Underground: And So It Goes
Lagarde is full speed ahead to craft the EUROBOND knowing that with the world on the verge of deflationary spiral and with it a real depression. Germany not dare to stand in the way of “whatever it takes.”
- 2 days ago, 27 Mar 20, 11:53am -
- Here Is The Treasury's (Not So) Secret Trade Printing Millions
- In Guaranteed, Risk-Free Profits Every Day. "The Treasury absolutely, categorically, right now has to be thinking about this."
- 2 days ago, 27 Mar 20, 11:50am -
- Fed Balance Sheet Tops $5 Trillion for First Time
The U.S. Federal Reserve's balance sheet soared past $5 trillion in assets for the first time this week as it scooped up bonds and extended loans to banks, mutual funds and other central banks in its unprecedented effort to backstop the economy in th…
- 2 days ago, 27 Mar 20, 11:47am -
- High Grade Bond Funds Shed $38 Billion, Extending Record Exodus
U.S. corporate investment-grade funds reported a record $38 billion outflow, extending an unprecedented rout as investors flee for havens assets amid the global market meltdown.
- 2 days ago, 27 Mar 20, 11:44am -
- IMF’s New Leaders Confront Biggest Test as Global Economy Reels
The International Monetary Fund is facing one of its biggest tests since the body’s creation at the close of World War II, with new leaders charged with keeping the global economy from the abyss.Since the coronavirus outbreak closed the Washington…
- 2 days ago, 27 Mar 20, 11:40am -
- To Avoid a Repeat of 2008, Main Street America Says Help Needs to Be Fast
Two weeks. Maybe a month.
- 2 days ago, 27 Mar 20, 11:35am -
- U.S. Egg Prices Hit Record Levels as Pandemic Buying Boosts Demand
Increased demand for eggs in the United States has sent egg prices soaring in recent weeks as consumers scramble to stock up on staples due to coronavirus shutdowns.
- 2 days ago, 27 Mar 20, 11:30am -
- We Continue To Be Headed Towards Great Depression Unemployment Numbers
“There was a relatively slow ramp up in unemployment in the beginning of the Depression. Here are the year by year unemployment statistics in the US:...
- 2 days ago, 27 Mar 20, 11:26am -
