Via Doug Noland’s Credit Bubble Bulletin blog, Being an analyst of Credit and Bubbles over the past few decades has come with its share of challenges. Greater challenges await. I expect to dedicate the rest of my life to defending Capitalism. One of the great tragedies from the failure of this multi-decade monetary experiment will be the loss of faith in free market Capitalism – along […]
Global
176 posts
Summary: Global case total tops 600k Global COVID-19 death toll tops 30k Japan fast-tracks approval of treatment drug for COVID-19 Third UK minister self-quarantines after showing symptoms of virus Calif. death toll tops 100 Trump weighing enforceable quarantine order for all of greater NY area Trump tells NBC reporter that quarantines of New York, NJ & Conn. were “possible” Axios reports infant dies in Chicago after […]
The Covid-19 coronavirus pandemic has claimed more than 30,000 lives around the globe, according to the calculations by AFP news agency. Some 20,000 of the victims were in Europe where Italy and Spain remain the hardest-hit countries. John Hopkins University in Maryland, which also keeps track of the Covid-19 death toll, has also updated its count to just above 30,000 deaths. In AFP’s home country, France, […]
Global Call By Mazin Qumsiyeh, Popular-resistance.blogspot.com March 27, 2020 Global Call2020-03-272020-03-27https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/03/49678500083_f0760cc3f1_c.jpg200px200px Above Photo: Yuri Samoilov/Flickr World War II transformed our planet in ways not foreseen before including creating instruments like the United Nations ostensibly to stop wars and conflict and encourage cooperation across borders. Yet, we had many wars & economic blockades and inequality that killed tens of millions of people since 1945. A large part of […]
While the response to the coronavirus pandemic have ranged from mocking the disease (such has Brazil’s Bolsonaro) to physically sealing people inside of apartment buildings in China, governments are deploying an array of legislative and technical measures to track and control citizens during the outbreak which has killed over 21,000 in roughly three months. As the situation deteriorates, many fear that the current efforts to control […]
A favorite phrase of Bank of America’s chief investment strategist, and certainly an accurate one, is that “Markets stop panicking when policy makers start panicking.” Seen in this light, the only question is whether policymakers have panicked enough in response to the current coronavirus crisis which has ground the global $86 billion economy to a halt. Addressing this question, BofA has calculated the policy response to […]
27 Mar, 2020 15:44 IMF chief Kristalina Georgieva has said it is “clear” that the global economy has “entered recession” due to the evolving Covid-19 pandemic and that the organization is working on projections to assess how severe it will be. Source
As the US surpasses China in the highest number of coronavirus infections worldwide, economists are raising concerns of massive bankruptcies, as well as supply shock and demand problems for the world’s largest consumer market. However, not everyone is losing money, analysts say, pointing to large e-commerce firms that are making money out of the crisis as people are confined to their homes. According to Morgan Stanley […]
Russian gold and foreign currency holdings have shed almost $30 billion or more than five percent in one week in the biggest drop since the global financial crisis amid the coronavirus pandemic and crashing oil prices. According to the latest data released by the country’s central bank, the reserves stood at $551.2 billion as of March 20, down from $581 billion a week earlier. The regulator […]
Authored by Paul Joseph Watson via Summit News, Former Prime Minister of the UK Gordon Brown has called on world leaders to create “a temporary form of global government” to fight the coronavirus outbreak. Brown wants international organizations like the WHO and the UN to be given executive powers that would supersede national sovereignty as part of a new system overseen by world leaders and health […]
Heads of state will meet for a ‘Virtual G20’ summit in a few hours to work out a global response to the Covid-19 pandemic. It comes as markets crash, supply chains falter, and a worldwide economic downturn looms. For the first time in history, there will be no government planes touching down in the host city, no police blocking roads, no hotels full to the brim […]
The $2 trillion stimulus deal in the U.S. wasn’t enough to keep many cryptocurrencies from taking a dip Wednesday. Bitcoin (BTC) was down a more than 1 percent over the past 24 hours as of 20:00 UTC, and only NEO (NEO) was a gainer, up by less than 1 percent. Ether (ETH) is down 2 percent. Other cryptocurrencies flashing red on the CoinDesk digital asset board […]
The International Organization of Securities Commissions (IOSCO) thinks global stablecoin initiatives might be subject to securities laws, according to a new report. Published Monday, the 31-page examination of regulatory issues around stablecoins – cryptocurrencies with prices pegged to a low-volatility asset reserve – stressed that jurisdiction and regulation ultimately depends on project specifics. IOSCO looked at a hypothetical stablecoin managed by a company’s governance board, backed […]
Preliminary data for February durable goods orders showed a surprise improvement (up 1.2% MoM vs expectations of a 0.9% drop) as it appears COVID-19;s impact hadn’t begun to hit quite yet. This resurgence has pushed the YoY growth in headline durable goods orders back into the positive (up 3.0% YoY – the best since January 2019) Source: Bloomberg However, ex-Transportation, durable orders fell 0.6% MoM – […]
Markets in Europe continued gaining on Wednesday as the US government agrees to unlock $2 trillion worth of funds to cushion the blow to the economy from the coronavirus pandemic. Britain’s FTSE 100 index surged almost two percent at the start of trading in London. Germany’s DAX is up almost three percent, while France’s CAC is gaining almost five percent. This follows huge gains by European […]
Will the deadly coronavirus pandemic be the moment war is temporarily halted on a global scale? Not if the Pentagon has its way. United Nations Secretary-General António Guterres urged the leaders to declare a ‘global ceasefire’ and halt all armed conflicts in order to focus on combating the coronavirus. “It is time to put armed conflict on lockdown and focus together on the true fight of […]
This is the single greatest financial crisis of our time, chief economist and the CIO of Saxo Bank Steen Jakobsen told RT. It is worse than 2008 and perhaps the biggest crisis since the Great Depression of the 1930s, he added. The reason for that is that there’s a simultaneous collapse of demand, the supply chain and the energy sector, he explained. Those three components and […]
Everyone that tried to tell us that this pandemic would fade away quickly has been proven dead wrong. Right now, approximately 187 million Americans are under “shelter-in-place” orders as COVID-19 sweeps across the nation like wildfire. There are now more than 43,000 confirmed cases in the U.S., but by the time many of you read this article that number is likely to be far higher. But what is […]
Noelle Acheson is a veteran of company analysis and CoinDesk’s director of research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. After the market storms of the past couple of weeks, we could all use some (relatively) good news. And it’s […]
The Covid-19 outbreak is far from dying down, head of the World Health Organization (WHO) has warned, urging nations to act while it still was possible to “change the trajectory” of the pandemic. The disease spread is “accelerating,” WHO chief Tedros Adhanom Ghebreyesus said on Monday, citing the expanding figures of the coronavirus cases. “It took 67 days from the first reported case to reach the […]
For millions of Americans, the full weight of the novel coronavirus outbreak, and its ensuing crisis, finally became apparent over the weekend as governors from New York, to Ohio, to Delaware warned that all “non-essential” employees will soon be required to shelter in place. Additionally, though hundreds of thousands of cases around the world likely remain undiagnosed, global health authorities revealed on Monday that the acceleration […]
Stock markets around the world are starting the week mostly lower as the spread of the coronavirus continues to drag down the global economy, The FTSE index is down over four percent at the start of trading in London, while Germany’s DAX and France’s CAC have plummeted almost five percent. DETAILS TO FOLLOW Source
It’s not an exaggeration to say that the COVID-19 pandemic has thrown the world into a tailspin. As the number of new cases continues to surge in parts of the world, numbers are beginning to decline in others as public health officials and governments tirelessly work to slow the contagion and reach of the virus. However, as Visual Capitalist’s Iman Ghosh notes, the potent combination of […]
Via Greg Hunter’s USAWatchdog.com, Financial and precious metals expert Egon von Greyerz (EvG) operates the largest private gold vault in the world in Switzerland. More than a year and a half ago, EvG warned here on USAWatchdog.com that “risk is exponential and unmeasurable” because of the estimated two quadrillion of derivatives and debt in the global financial system. He also warned that “at some point, all hell will break […]