- newFinancing Japan’s Record Stimulus
In May, the Japanese government approved a second large-scale ¥117tn ($1.1n or 21% of Japan’s GDP) economic rescue package, matching the size of the first stimulus introduced in April.
- 1 hour ago, 5 Jun 20, 12:12pm -
- newFed’s Coronavirus Rescues Invite Bigger Bailouts: Bloomberg
Big crises seem to be occurring more often and Fed interventions are growing ever bigger in size and broader in scope. Whatever you thought was the size of the moral-hazard problem before, now it’s gotten even larger.
- 2 hours ago, 5 Jun 20, 12:05pm -
- newThe May Unemployment Rate Is Expected to Be Near 20% as Millions More Lost Jobs
“This May number is going to be bad,” he said. “We’re looking at an unemployment rate approaching Great Depression levels.
- 2 hours ago, 5 Jun 20, 12:02pm -
- newGlobal Stocks and Euro Surge Ahead of U.S. Jobs Data
World stocks held their ground near three-month highs as the euro hit its highest level since March 10, thanks to Europe's stimulus boost, fuelling hopes for a global rebound.
- 2 hours ago, 5 Jun 20, 11:48am -
- newQE Infinity? The European Central Bank’s Emergency Stimulus Has No Real End in Sight
The European Central Bank is expected to keep buying government bonds for the foreseeable future after slashing its own inflation forecasts until 2022.
- 2 hours ago, 5 Jun 20, 11:40am -
- newCentral Banks ‘Can’t Cure the Virus,’ Former Fed Governor Says
Unprecedented levels of monetary stimulus cannot address underlying disruption to the global economy, according to former Federal Reserve Governor Randy Kroszner.
- 2 hours ago, 5 Jun 20, 11:38am -
- Coronavirus Live Updates: CNBC
The coronavirus has infected more than 6.6 million people around the world as of Friday, killing at least 389,620 people.
- 2 hours ago, 5 Jun 20, 11:36am -
- Too Much Damage Is Being Done By The Bungled Response To Covid:19
That Lancet published study vilifying HCQ that Chris has debunked point by point over the past few videos? It's just been retracted.Turns out, it was exactly the "garbage science" Chris said it was. Score a big victory for fans of truth.
- 2 hours ago, 5 Jun 20, 11:30am -
- Gold Marks First Gain in 4 Sessions on Weakness in U.S. Dollar, Stocks & Upped Global Stimulus
Gold futures rose on Thursday, with prices posting their first gain in four sessions on the back of weakness in the U.S. stock market and the dollar, as investors digested policy actions by the European Central Bank.
- 18 hours ago, 4 Jun 20, 7:52pm -
- Stocks Fall on Worse Than Feared Jobs Data
Stocks slid on Thursday after worse-than-expected U.S. unemployment data hit Wall Street, countering the bullish sentiment that took hold at the start of the month around an impending economic recovery.
- 18 hours ago, 4 Jun 20, 7:45pm -
- Get Ready for the Fed to Deploy Untested Monetary Policy Plan in September: BofA
Get ready for the Federal Reserve to target bond yields as one of the many unprecedented measures the central bank has undertaken to support the economy.
- 19 hours ago, 4 Jun 20, 6:37pm -
- Ray Dalio on Monetary History and Where We Are Now
Ray Dalio says he feels we are near the end of a long term debt cycle and also possibly the monetary system we have known for most our lives.
- 19 hours ago, 4 Jun 20, 6:28pm -
- When Institutions Fail, Fragmentation and Decentralization Become Solutions
That which has failed is unsustainable, no matter how many trillions the Federal Reserve tosses against the tides of history.
- 19 hours ago, 4 Jun 20, 6:14pm -
- Bond Market Flashes Stagflation Alarm After Fed’s Gusher of Cash
The bond market is sounding the alarm that the flood of cash that policy makers have unleashed to buoy growth in the face of the pandemic will have potentially painful consequences for the economy.The Treasuries yield curve is the steepest in three y…
- 20 hours ago, 4 Jun 20, 6:06pm -
- Many Countries Are Beginning to Drift Towards Negative Interest Rates
Historic monetary and fiscal policy has been deployed these last few months, which seems to be far from over. Now many economies are beginning to consider negative interest rates due to the lack …
- 20 hours ago, 4 Jun 20, 5:20pm -
- White House Plans $1 Trillion For Next Stimulus Round: Report
Mitch McConnell has told White House officials behind closed doors that another round of fiscal stimulus from Congress could be just under $1 trillion.
- 21 hours ago, 4 Jun 20, 5:02pm -
- Inflation. The Stock Market's Nemesis Lurks
An increase in the inflation rate is perhaps the most important of all risks for an investor to consider as it is the biggest nemesis to the stock market..
- 21 hours ago, 4 Jun 20, 4:58pm -
- Breaking Bad: NorthmanTrader
Well, they’ve done it again. The Fed has once again managed to erase the larger market pain. This time it was not the standard correction that was erased, this time they erased a market crash…
- 21 hours ago, 4 Jun 20, 4:56pm -
- Impact of New Social Unrest on the US Economy in Two Charts
There is rising social unrest across the country right now and Goldman Sachs analyzes the fallout.
- 21 hours ago, 4 Jun 20, 4:53pm -
- Wall Street Warning to Corporate America: Get Cash While You Can
Bankers have a message for America’s debt-laden companies: raise money now, because things could get a lot worse.The gradual reopening of businesses after months-long shutdowns and a pick up in manufacturing activity have given investors reason for…
- 21 hours ago, 4 Jun 20, 4:51pm -
- Americans Are Saving More, but How Long Can It Last?: WSJ
Relief programs have temporarily raised income with unemployment insurance and one-time government stimulus checks
- 21 hours ago, 4 Jun 20, 4:50pm -
- U.S. Economy Too Fragile for Congress to Remove Income Support
After approving the most generous unemployment benefits in U.S. history to help counter the coronavirus, Congress is in a bind over what to do when they expire at the end of next month.
- 21 hours ago, 4 Jun 20, 4:48pm -
- Keeping Our Wits During Chaotic Times: Miller on the Money
Times are chaotic! Historically, when chaos reigns and emotions are turbocharged, there are winners and losers.
- 22 hours ago, 4 Jun 20, 3:47pm -
- 2020 Progress Report: How Have Gold & Silver Fared vs. Stocks?
Now that it appears the virus is ebbing and things are slowly opening back up, let’s look at how our two favorite investments have fared so far this year. Did gold provide a hedge? How did metals perform against the stock market? And where is the b…
- 22 hours ago, 4 Jun 20, 3:41pm -
- First Us Gold Coin Is Expected to Fetch a Staggering $15 Million, Was Originally Worth About $15
It was originally worth about $15.
- 23 hours ago, 4 Jun 20, 2:56pm -
- Gold Gets a Boost From Weakness in U.S. Dollar, Stocks and ECB Decision
Overall, gold buying has been fed by central bank stimulus measures to limit the economic harm from the COVID-19 pandemic...
- 23 hours ago, 4 Jun 20, 2:51pm -
- Gold ETF Inflows Through May Outpace Records for Any Calendar Year in Only 5 Months
Continuing their growth streak, gold-backed ETFs (gold ETFs) added 154 tonnes (t) – net inflows of US$8.5bn (+4.3%) across all regions in May, boosting global holdings to a new all-time high of 3,510t.1 Year-to-date, inflows (623t, US$33.7bn) now e…
- 23 hours ago, 4 Jun 20, 2:46pm -
- ECB’s Massive QE Expansion Assures That Deflation Is Coming: Now Sees Just 1.3% in 2022
...the latest inflation forecast is merely a carte blanche for the ECB to do even more QE when the ECB's latest massive QE expansion triggers even more deflation...
- 23 hours ago, 4 Jun 20, 2:44pm -
- The Biggest US Mall Owner, Simon Property, Sues Gap Over Skipped Rent Payments
Simon Property Group said Gap has failed to pay more than $65.9 million in rent and other charges during the coronavirus pandemic.
- 23 hours ago, 4 Jun 20, 2:39pm -
- Bank of America to Pay $7.23 Million for Mutual Fund Overcharges: FINRA
Bank of America Corp agreed to pay $7.23 million in restitution and interest to settle a U.S. regulator's accusations that it overcharged customers on mutual funds.
- 23 hours ago, 4 Jun 20, 2:32pm -
- Fed to Stay the Course With Yield-Curve Control Likely Ahead
Federal Reserve officials are unlikely to signal any new moves at their meeting next week, though many economists expect they will turn to yield-curve control later this year, recruiting a tool not used in the U.S. since World War II.
- 23 hours ago, 4 Jun 20, 2:28pm -
- U.S. Total Trade Slumps to Lowest Level in Almost a Decade
U.S. trade in goods and services plunged in April to the lowest level in almost a decade as the Covid-19 pandemic stifled demand and hindered logistics.Exports declined from the prior month by 20.5%, the biggest drop in comparable data back to 1992,…
- 23 hours ago, 4 Jun 20, 2:26pm -
- California Lawmakers Agree to Close $54.3 Billion Budget Gap
California's Legislative leaders on Wednesday rejected billions of dollars in budget cuts to public schools and health care services that Gov. Gavin Newsom had proposed,...
- 23 hours ago, 4 Jun 20, 2:25pm -
- A $1 Trillion Fed Fueled Borrowing Bonanza for the Creditworthy
While companies like Apple and Amazon raise money at will, bond-market rejects are filing for bankruptcy.
- 23 hours ago, 4 Jun 20, 2:23pm -
- "Only" 1.87 Million Americans Started To Claim Unemployment Benefits Last Week
...we have lost 380 jobs for every confirmed US death from COVID-19 (107,175). Was it worth it?
- 23 hours ago, 4 Jun 20, 2:18pm -
- 1 in 4 Americans Are Skipping Meals or Relying on Food Donations
Since February, 26% of Americans report they or a member of their household have gone without meals or relied on charities or government programs to obtain groceries. Here's a look at why that may be happening and the resources available for those in…
- 24 hours ago, 4 Jun 20, 2:06pm -
- ECB Says Speed, Scale of Economic Recovery `Highly Uncertain'
The European Central Bank expects economic activity to rebound in the third-quarter, but the speed and scale of the rebound is "highly uncertain." President Christine Lagarde made the comments in Frankfurt during a virtual press conference.
- 24 hours ago, 4 Jun 20, 2:00pm -
- Hedge Funds Brace for Second Stock Market Plunge
Hedge funds are getting ready for another slump in stock markets after growing uneasy that surging prices do not reflect the economic problems ahead.
- 1 day ago, 4 Jun 20, 12:35pm -
- Deflation Cash Hoarding Now Impacting Bond Market
There's a growing list of borrowers desperately holding on to cash. Lloyds Banking Group Plc has joined Deutsche Bank AG and Aareal Bank AG in going against normal protocol in order to hoard cash. The British bank has become the third European bank t…
- 1 day ago, 4 Jun 20, 12:31pm -
- The Sultans of Stimulus
Hopes of more stimulus has widened the chasm between market valuations and the real economy, despite expectations for a slow economic recovery, growing concern over U.S.-China tensions, U.S. civil unrest and rising coronavirus infections.
- 1 day ago, 4 Jun 20, 12:29pm -
- Euro Surges After ECB Expands Emergency QE By €600 Billion To €1.350 Trillion
"The envelope for the pandemic emergency purchase programme (PEPP) will be increased by €600 billion to a total of €1,350 billion."
- 1 day ago, 4 Jun 20, 12:25pm -
- Germany Unveils 130 Billion Euro Stimulus Package to Boost Virus Hit Economy
Germany has agreed on an economic stimulus package worth 130 billion euros (146 billion US dollars) to mitigate the economic effects of the COVID-19 pandemic, Chancellor Angela Merkel said late Wednesday.
- 1 day ago, 4 Jun 20, 12:20pm -
- We Clearly Need Another Big Stimulus, if We Don’t Get It the Economy Is Going Off a Cliff
Experts say a second round of stimulus checks isn't the best way to help the economy now, but differ on what stimulus should continue.
- 1 day ago, 4 Jun 20, 12:09pm -
- Market’s Make or Break Moment in One Chart Draws Parallels to the Opposing 2001 & 2009 Recoveries
Economic Cycle Research Institute co-founder Lakshman Achuthan has narrowed the possible recovery paths into two scenarios: The dot.com bubble collapse and financial crisis aftermath.
- 1 day ago, 4 Jun 20, 12:07pm -
- Senate Passes Bill Lengthening Coronavirus Small Business Loan Terms
The U.S. Senate unanimously approved legislation on Wednesday giving small businesses up to 24 weeks to use Paycheck Protection Program loans created during the coronavirus pandemic, up from the current eight-week deadline. The legislation, already…
- 1 day ago, 4 Jun 20, 12:02pm -
- Millions of Americans Skip Payments as Tidal Wave of Defaults and Evictions Looms
Hardship programs appear to be helping many people pause payments and survive the economic shutdown so far. But not everybody is getting the help, and advocates see big potential trouble ahead.
- 1 day ago, 4 Jun 20, 11:56am -
- The Insurrection Act Was Last Used in the 1992 Los Angeles Riots
"We don't need to be telling people that we're going to dominate them. That language doesn't work," said an expert in national security.
- 1 day ago, 4 Jun 20, 11:52am -
- Coronavirus Live Updates: U.S. Hospitalizations on the Rise, Former FDA Chief Says
The coronavirus has infected more than 6.53 million people around the world as of Thursday, killing at least 386,392 people.
- 1 day ago, 4 Jun 20, 11:43am -
- Guggenheim’s Minerd Says Fed Faces Day of Reckoning for Market Support
The Fe’s efforts to stabilize the economy may encourage companies to take on too much risk, inflating a corporate-bond bubble, according to Scott Minerd, chief investment officer at Guggenheim Investments.“It’s going to allow the excessive leve…
- 2 days ago, 3 Jun 20, 8:03pm -
- Bill Dudley: "The Fed Is Basically Creating A Little Bit Of Moral Hazard"
"For the Federal Reserve to intervene and support those asset prices, is basically creating a little bit of moral hazard in the sense you’re encouraging people to take on more debt."
- 2 days ago, 3 Jun 20, 7:59pm -
