"People who sank into their fear of Trump, who defended every outrage, who put him before what they knew was right, and pretended this chaos and corruption was a glorious new age will Continue...Read More
Great discussion on the coup being orchestrated by Congress."This bill is a bunch of money for the richest 1000 people to consolidate the hammerlock across the totality of the American economy, using taxpayer money to strangle taxpayers, while calling it a bailout for the taxpayers."The Jimmy Dore Show is a hilarious and irreverent take on news, politics and culture featuring Jimmy Dore, a profess...Read More
*This interview was recorded on March 24, 2020Nouriel Roubini, Professor of Economics at NYU Stern, joins Yahoo Finance's On The Move panel to discuss how the government has handled the coronavirus pandemic and the severe economic damage coronavirus COVID-19 is having on the economy.Nouriel Roubini, a professor at NYU's Stern School of Business and Chairman of Roubini Global Economics, was Senior...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
We have entered a depression that is going to turn our world upside down. Before it ends the general stock market will be down 85-92%, banks will close and governments fall. People still do not realize Continue...Read More
Jim Rogers discusses the coronavirus and how the U.S. government has done all the wrong things in response to the threat.Continue...Read More
"So thank you to everybody who's doing what I'm doing, working from home to stop the spread of the virus from household to household," he added."That's the way we're going to win."Continue...Read More
If you're like us you've been sitting back with nothing else to do than contemplate the global economic disaster that we're currently going through. Is it a deep state plot, an act of utter incompetence by our leaders or just a bunch of well intentioned pointy headed bureaucrats in over their heads? It really doesn't matter which. This disaster has been completely mishandled from the get go. Accor...Read More
New York's explosion of confirmed coronavirus case numbers over the past several days - with the state's total at 37,258 cases, with 5,327 currently hospitalized, and 1,290 patients in the ICU - 20,011 among these in New York City alone, is downright scary.Continue...Read More
"Normalizing liquidity conditions, negative real rates, low cost of carry and concerns surrounding fiat currency debasement, not Continue...Read More
Export prices for Brazil-origin slab dipped for a second consecutive week on Friday March 27, with local producers turning to China to keep volumes going while other markets are muted because of the Covid-19 pandemic.Fastmarkets' weekly price assessment of steel slab, export, fob main port Brazil, fell to $330-350 per tonne on Friday, from $400-430 per tonne a week earlier.There were several repor...Read More
The price of stainless steel in the European domestic market increased this week with producers anticipating shortages following the closure of all production sites in Italy, sources told Fastmarkets on Friday March 27. On March 21, the Italian government issued a decree closing all non-essential production operations in the country, including steelmaking. Following this, many mills elsewhere in E...Read More
The Critical Investor takes a look at recent actions taken by this gold explorer. The coronavirus pandemic together with the Saudi Arabia-Russia oil production increase took its toll on the equity markets the last few weeks. The commodity markets in particular got hit too, as main end-user China got hit by a halt in manufacturing plants across the economy. Precious metals like gold rose initially...Read More
Bob Moriarty of 321gold comments on where he believes the economy is heading. Those who never predicted a financial collapse in the first place are now edging closer to the swamp to dip their toes into the water. Now they are suggesting, perhaps we could have a recession."Forget that. You cannot have every supply chain in the world chopped in two and have a recession. A depression was baked into...Read More
The House passed the historic stimulus bill later in the dayThe Dow ended another volatile week with a loss today, falling sharply as the U.S. became the country with the most reported coronavirus cases worldwide. The blue-chip index plunged over 1,000 points at its session lows, with Boeing (BA) the leading laggard. Later in the day, the U.S. House of Representatives passed the $2 trillion stimul...Read More
Stocks are eyeing big weekly gainsDespite just having come off its worst week since 2008, stocks suffered big losses again Monday, after the U.S. stimulus bill failed to pass in the Senate twice. The Dow, S&P 500, and Nasdaq recovered by Tuesday, however, as the gridlock in D.C. loosened, and hopes to pass the economic bill grew. Not only did the blue-chip index surge to its best daily percentage...Read More
European flat steel producers have reduced output, and some of them have stopped operating certain equipment, in their attempts to balance supply and demand after multiple automotive producers suspended their operations because of the Covid-19 pandemic.All the major steel coil producers in Northern Europe - including ArcelorMittal, Thyssenkrupp, Salzgitter and Tata Steel - have taken steps to cut...Read More
ON Semiconductor stock is getting dragged down with the broader market todayON Semiconductor Corp (NASDAQ:ON) is following the rest of its sector peers back down the charts today, right on the heels of a big win for chipmakers yesterday. The stock is down 7.1% to trade at $13.10 at last check, with a price target cut from Deutsche Bank to $22 from $26 hardly helping matters. Today's dip puts ON's...Read More
LONDON, 3 March 2020 - BullionVault has seen a ?1m gold purchase made using its smartphone apps for mobile devices, reports The Telegraph today - website of the UK's best-selling daily broadsheet newspaper.That marks the London-based fintech's second-largest ever trade made on a mobile phone and the largest purchase made via its apps for Android or iPhone devices.Read the full story at The Telegr...Read More
Straddle trades are a viable option even when markets aren't as volatile A long volatility/ straddle strategy might be a good idea for the current roller-coaster market environment we're experiencing. Having a set allocation of your portfolio with these types of trades can be very beneficial to your overall returns, especially in times of turbulence. However, this strategy doesn't necessarily requ...Read More