The price of oil turned negative on Monday for the first time in history. Of course, that doesn’t mean that somebody will soon pay you to put gas in your car. We’re talking about the price of oil futures contracts. Nevertheless, it does indicate just how out of whack the […]
Turn the key and the economy will restart. That’s a myth a lot of people in the mainstream have peddled since governments started shutting down the economy in response to the coronavirus pandemic. That’s not going to happen. We’re not going back to normal. In fact, things weren’t “normal” before […]
September 17, 2019 was a significant day in American economic history. On that day, the New York Federal Reserve began emergency cash infusions into the repurchasing (repo) market. This is the market banks use to make short-term loans to each other. The New York Fed acted after interest rates in […]
To date, the GLOBAL death toll from COVID-19 stands at around 17,000, with experts still unsure how many of those victims would have succumb to their ‘underlying health conditions’ anyway, even if they weren’t infected with the respiratory disease. That number of 17,000 is of course going to rise, but […]
The Bank of Canada has expanded its authority to buy and sell securities outright, according to a public notice by the central bank. The central bank added the right to buy and sell the debt of companies and municipalities, along with other instruments when it is “addressing a situation of […]
Over a decade since central bankers started a stealthy nationalization of capital markets by purchasing a wide range of securities from Trasuries, to MBS, to corporate bonds, to ETFs and single stocks, their actions are finally catching up to them, and in the process breaking the very markets central bankers […]
(Kitco News) –A cacophony of instability has hit financial markets at the start of a new trading week, but with central banks, led by the Federal Reserve, dropping interest rates to zero, analysts now say that the only place investors can turn to is gold. At the beginning of the […]
Now’s the time to buy gold, according to one of the world’s leading wealth managers, which flagged bullion’s prospects after the haven lost out to the dollar in recent weeks as the pandemic roils markets. “When I think about what would I buy in the right here and now, I […]
It should be noted that with debt levels already at a record level, there are those who consider that the coronavirus increases the risk of a credit crisis in a world of low-interest rates. Undoubtedly, the shock caused by the coronavirus in markets around the world coincides with a dangerous […]