Monday's 1,000 point bloodbath was followed by Tuesday's 879 point rout, lobbing 8% off total market value in less than 48 hours. The two-day drubbing has left traders and fund managers in a state of shock.
The rate of credit card balances that are 30 days or more delinquent at the 4,500 or so commercial banks that are smaller than the top 100 banks spiked to 7.05% in the fourth quarter, the highest delinquency rate in the data going back to the 1980s (
US home price growth accelerated for the 5th straight month in December (the latest Case-Shiller data), rising at 2.85% YoY - the fastest pace in almost a year...
The rate of credit card balances that are 30 days or more delinquent at the 4,500 or so commercial banks that are smaller than the top 100 banks spiked to 7.05% in the fourth quarter, the highest delinquency rate in the data going back to the 1980s (
Trace talks about the potential for Bitcoin as well as other infrastructures like Mimblewimble in the face of fear such as recession and plagues as millions of people appear to look to things like Bitcoin as a safe haven. With the halving coming up i
James Corbett sits down with Ron Paul to discuss the coming end of the Federal Reserve. Dr. Paul reflects on the End The Fed movement, explains the inevitability of the Fed's demise, and talks about what system may come along to take its place.
The Dow Jones Industrial Average closed 1,031.61 points lower, or 3.56%, at 27,960.80. The S&P 500 slid 3.35% to 3,225.89 while the Nasdaq Composite closed 3.71% lower at 9,221.28.
Neither the chart, nor the comment was lost on SocGen's resident bear Albert Edwards, who after living through a harrowing earthquake during his vacation in Jamaica, chimed in on the chart above, writing in his latest Global Strategy Weekly that "
The price of gold, the supreme money, has been steadily rising and topping $1,650. Since September of last year, the Federal Reserve has been printing new money at a voracious pace. While all of this new money is being created, the Coronavirus is aff
This presentation was given live as the final keynote speech at the TDV Investment Summit at Anarchapulco 2020. Tim Picciott CFP CRPC is a wealth advisor, economist and content creator that provided the ultimate smackdown to the notion that this is
Christina Tobin (Free And Equal) on the upcoming 2020 election cycle - Tim Picciott (Wealth Manager @ Innovative Advisory Group) gives The Economic Report Anarchapulco Recap
Morgan Stanley is looking more and more like a dog chasing its tail in its "analysis" of Tesla. Recall, about one month ago, Tesla was downgraded to "Sell" by Morgan Stanley after the stock's run up to about $520 per share.
Remember when Larry Kudlow said that President Xi had pledged to "meet [China's] obligations" under the 'Phase 1' trade pact, outbreak be damned, and that negotiations for 'Phase 2' were "completely separate" from the outbreak?
"Boards of directors who are allowing buybacks to occur without being transparent about allowing CEOs to sell into them raise real questions about the leadership of that board."
– SEC Commissioner Rob Jackson
In September 2017, when the Trump Administration began promoting the idea of tax cut legislation, I wrote a series of articles discussing the fallacy that tax cuts would lead to higher tax collections, and a reduction in the deficit.
President Trump vowed to make "Coal Great Again" and restore the industrial heartland. But it seems as Trump's many campaign promises to coal miners have been broken, as there's hardly a peep from the administration about the imploding industry.
Americans increased their borrowing for the 22nd straight quarter as more households took out loans to buy homes or refinance existing mortgages, according to a report released today from the Federal Reserve Bank of New York.