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[Reuters] Stocks slip as U.S. jobs angst outweighs $2 trillion stimulus [CNBC] Japan shares drop more than 4% as investors await jobless claims data stateside [Reuters] Oil prices mixed as demand shrinks, but stimulus hopes support [CNBC] US weekly jobless claims soar to a record-breaking 3.28 million, vs 1.5 million expected [Reuters] After Senate vote, […]
[Reuters] Stocks rebound passes 10% after $2 trillion U.S. stimulus boost [Reuters] U.S. Congress, negotiators reach deal on $2-trillion coronavirus aid package [CNBC] Coronavirus live updates: Prince Charles tests positive, Target withdraws forecast [Reuters] Coronavirus sweeps across New York, California fears it could be next [CNBC] US durable goods orders rose 1.2% in February, vs […]
Gold mines & refineries send workers home for safety – Where will the new gold come from? Bonds are telling us that the system is cracking apart Figure out what you want to own (gold?) & get it now The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick To QE Infinity & Beyond! […]
[Reuters] S&P hits upper trading limit after another brutal session [MarketWatch] Gold prices extend rally, surge by most in 11 years amid tight supplies and regime of limitless stimulus [CNBC] Oil prices rise as US ramps up economic support measures [Reuters] Nikkei jumps nearly 7% on hopes of BOJ buying; SoftBank Group soars [Reuters] Crude […]
[CNBC] Stock futures surge into the green after being ‘limit down’ overnight as Fed announces limitless asset purchases [Reuters] Stocks crumble as more nations shut for business to curb virus [Reuters] Oil reverses losses, jumps 4% after Fed promises aggressive asset purchases to support markets [CNBC] The Federal Reserve just pledged asset purchases with no […]
[Reuters] Virus aid bill includes $3,000 for families, $4 trillion liquidity for Fed: Mnuchin [CNBC] Congress is working on a massive coronavirus relief package — it might not be enough for businesses [CNBC] Fed’s Bullard: Coronavirus shutdown is not a recession but an investment in survival [CNBC] Coronavirus live updates: Fed’s Bullard calls shutdown ‘massive […]
[Reuters] U.S. seeks comments on tariff cuts for Chinese imports to aid coronavirus battle [CNBC] Coronavirus live updates: US hospitals seek $100 billion in aid, Spain death toll tops 1,300 [AP] Congress toils on $1 trillion rescue, Trump unleashes fury [Reuters] Germany eyes 156 bln euros of new borrowing, 200 bln euros in debt authorisation […]
I’ve been dreading this. In the midst of all the policy responses to the collapse of the mortgage finance Bubble, I recall writing something to the effect: “I understand we can’t allow the system to collapse, but please don’t inflate another Bubble.” It was obvious early on that policymakers had every intention to reflate Bubbles. […]
