In February, Mohamed El-Erian, chief economic advisor at Allianz, said that he would advise resisting the temptation to buy the initial coronavirus dip. He joins "Squawk Box" by phone to discuss his position following Monday's market sell-off.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer o...Read More
To Watch Update #30, CLICK HEREOK...despite more worldwide infections than ever, the WHO has decided to stop using the (technically very accurate) term "pandemic" to describe covid-19, presumably because they don't want to scare folks. The CDC is claiming that the US is not seeing "community level" spreading of the virus. But of course it isn't, because it's NOT testing at the community level. And...Read More
Bob Kudla joins SGT Report to discuss how the coronavirus might bring the world economy and global stock markets to their knees.Bob's website: tradegeniusacademy.comRead More
All major indexes down and looking weak.Dumb money is piling into treasuries. Safe-haven money is moving to gold.CNBC still obsessed with bitcoin. Remains silent on record breaking gold prices.Warren Buffet thinks Bitcoin is garbage and it's going to $0.Baby Boomers sowed the winds for socialism.If you thought Obama was bad with executive orders, just wait for a President Sanders.The markets will...Read More
"The U.S. economy is a giant bubble...There are some much deeper problems than the coronavirus." Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted o...Read More
A prime example of how out-of-control government regulations hit small business owners the hardest. Continue...Read More
The ruling class doesn't want you to think, they want you to simply accept the nonsensical stories they tell you. By contrast, I don't want readers to blindly accept any of my conclusions, rather, I want Continue...Read More
Big Brother's on full display in China right now, but he could be on his way here before too long.Continue...Read More
Links to slides and sources: https://www.itmtrading.com/blog/is-co...Over the weekend reported new cases and new deaths caused by the coronavirus spiked outside of China. European markets fell near 5% and this morning the Dow opened Down almost 1,000 points. We've been wondering where and when the black swan event that would topple this global house of cards and this appears to be it. Can global c...Read More
Harley Schlanger's work can be found at LaRouchePAC.com.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 see the virus spreading in new parts of the world every day, and we are taking the necessary steps to protect San Franciscans from harm."Continue...Read More
"I had this nightmare that somehow in Davos, all of us who went there got it, and then we all left and spread it," Dimon said Tuesday. "The only good news from that is that it might have just killed the elite."Continue...Read More
"It's not so much a question of if this will happen anymore, but rather more of a question of exactly when this will happen and how many people in this country will have severe illness," she said.Continue...Read More
As the DOW was finally "allowed to fall" today, Treasury Secretary Steve Mnuchin clicked his mouse to sell $3B of Gold Futures in order to "Control The Price of Gold" once again!! It's so obvious these days!Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and his commentary is published at www.RoadtoRoot...Read More
Peter Schiff, Stephen Guilfoyle, and Luke Rahbari discuss investing amid continued coronavirus concerns.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is q...Read More
When such a deadly virus hits, the first stage is always containment, as has occurred rapidly in China. But when it starts to spread past its origin more rapidly, it gets a life of its own. At this stage of the coronavirus's spreadContinue...Read More
"Today, the Administration is transmitting to Congress a $2.5 billion supplemental funding plan to accelerate vaccine development, support preparedness and response activities and to procure much needed equipment and suppliesContinue...Read More
The Egyptian Administrative Court will make a ruling on billet and rebar import duties on May 23, after a number of domestic rebar re-rollers appealed to have them removed, market participants told Fastmarkets on Monday February 24.The Egyptian Ministry of Trade & Industry announced definitive import duties on steel billet, rebar and wire rod on October 10 last year. The definitive safeguard duty...Read More
Dexin Steel Indonesia will fire up its first blast furnace on Friday February 21, an industry source told Fastmarkets.Owned by China's Delong Holdings, the mill in Central Sulawesi province's Indonesia Morowali Industrial Park, will have a total production capacity of 3.5 million tonnes per...Read More