
Black Monday... Part Two
• https://www.zerohedge.com, by Tyler DurdenAt its lows today, this was the market's biggest down day since 1987 (by the close the biggest since Oct 2018)!
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At its lows today, this was the market's biggest down day since 1987 (by the close the biggest since Oct 2018)!
Donald Trump unveils coronavirus bailout plan with payroll tax cut and help for hourly workers to be able to take time off sick as he admits being 'blindsided' after stock market plunge
Over the course of the last few hours, we have been moving back and forth between being aghast at the market carnage, and all it might imply, and feeling agonizingly anxious about missing out on the rebound sure to be coming.
In response to the potential economic downturn in the economy arising from the spread of the Coronavirus, the Federal Reserve dropped the federal funds rate by half a point - to a range of 1% to 1.25%. Ironically, after the Fed's announcement, the
Almost two years ago, we published a report titled The Great Cycle Debate. In that report, I argued that US equities were likely to experience a cyclical bear market that would take several years to complete.
Following three consecutive days of oversubscription in both the Fed's overnight repo...
Peter Schiff appeared on the Quoth the Raven podcast (iTunes, Spotify, YouTube) on Friday, where he and host Chris Irons discussed the impact of the coronavirus on the economy, gold, bitcoin and why he thinks the Fed is not going to be able to stop t
Why are millions of people leaving California and moving to other states? What do those states have that California doesn't?
In this episode, Tim and John examine what's behind the recent market volatility, and what to consider when examining their weekly/monthly performance.
A key gauge of banking-sector risk is indicating stress in dollar funding markets as equities around the world tank on growing virus concerns and traders bet on further central bank easing.
How Americans Are Making Money When the Stock Market Is In Chaos
In response to the potential economic downturn in the economy arising from the spread of the Coronavirus, the Federal Reserve dropped the federal funds rate by half a point -- to a range of 1% to 1.25%. Ironically, after the Fed's announcement, th
On October 19, 1987, the US stock market suffered the worst crash in its more than 200 year history, dropping more than 23% in a matter of hours.
Josh Sigurdson reports on the stock market once again as interest rates are dropped out following an emergency rate cut decision by the Federal Reserve. The stock market did not appear to react to the cut on Tuesday but it reacted to politics on Wedn
Just think about this. Sure, coronavirus may wind up ravaging our country and affecting many of our loved ones. Perhaps you will even die from it. But the silver lining is that you will die knowing you shaved 50 basis points worth of interest off of
Tim Picciott talks with Kirk Chisholm - In this podcast, you'll hear how Innovative Advisory Group was able to capture most of the upside from 2019 while missing almost all of the downside in 2020.
Albert Einstein is rumored to have said that "Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn't … pays it."
So with its emergency action now in the rearview mirror, did the Fed manage to stem the funding panic that has gripped repo markets following last week's market bloodbath? The answer, if based on the latest overnight repo results, is a resounding no.
Update: Just in case we needed another confirmation that there was a sudden, unexpected liquidity clog in the interbank market, Dealers submitted a record $108.6BN in overnight repo, resulting in the first oversubscribed overnight repo operation sinc
After President Trump's tweet overnight: Australia's Central Bank cut interest rates and stated it will most likely further ease in order to make up for China's Coronavirus situation and slowdown. They reduced to 0.5%, a record low. Other
Did The Fed just swing from omnipotence to impotence?
Australia's Central Bank cut interest rates and stated it will most likely further ease in order to make up for China's Coronavirus situation and slowdown. They reduced to 0.5%, a record low. Other countries are doing the same thing, if not more
Did The Fed just swing from omnipotence to impotence?
Falling equity markets this week are likely to signal the onset of a bear market, responding to a combination of the coronavirus spreading beyond China and persistent indications of a developing recession.
Let's talk numbers, shall we?
"When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it." - Frédéric Bastiat, French economist
Once again, pending home sales is the tie-breaker in US housing as new home sales soared and existing home sales dipped in January.
The greater the excesses, speculative euphoria and moral hazard, the greater the reversal.
President Trump's penchant for viewing the stock market's performance as a barometer of his presidency's success is widely known to the public by now. So the fact that Trump has been extremely agitated by goings-on back home during his trip to India
Illinois wants to play catch-up with its rainy day fund at what is likely the worst possible time.