Following two weeks of relentless market turmoil, traders were wondering which country's stock market would be shut down first.
Subtract their immense debts and they have negative net worth, and therefore the market value of their stock is zero.
In February, the general consensus between large investment banks and supranational entities was that there would be a one-time hit on GDP in the first quarter from the coronavirus impact, followed by a stronger, V-shaped recovery.
$30 dollar oil will be great for the global economy (and in turn, a good global economy is good for oil).
With the Fed telegraphing an all out capital markets panic as the Fed could not wait a mere three days until the scheduled FOMC meeting to rush out the biggest monetary bazooka in history which proved to not be enough, the rest of the developed world
While it may not be a surprise to too many people in the real world that Chinese macro-economic data for February was a disaster, it appears it was a massive shock to analysts and economists who forecast this data.
Coronavirus and globalism will teach us vital lessons. The question is whether we can learn vital lessons that do not serve the ruling interest groups and ideologies.
Dipping into armageddon calendar guidance, in its statement, the RBNZ said the rate will remain at this level for at least the next 12 months, suggesting it may well go lower.
We just witnessed a global collapse in asset prices the likes we haven't seen before. Not even in 2008 or 2000. All these prior beginnings of bear markets happened over time, relatively slowly at first, then accelerating to the downside.
You've no doubt seen the headlines on CNN and Bloomberg. "Coronavirus Pandemic Could Spark a Global Depression." "Will China Virus Trigger New Great Depression?"
Michael Pettis at China Financial Markets has an interesting chain of Tweets on China's unsolvable interest rate mess.
A USA Today headline this morning indicated that the Dow was diving as virus concerns counter hope for fiscal steps.
Surprising many who were expecting a rate cut from the ECB this morning, moments ago Christine Lagarde announced that rates would remain unchanged, with the all important deposit rate unchanged at -0.50%.
It appears Trump did not offer enough detail and immediacy to appease the market's need for funds to stop the collapse.
After a record 11-year, 357% surge off the March 6th, 2009 lows, The Dow Jones Industrial Average's longest bull-run in history came to an end today (two days after its 11th birthday) with its first 20% - bear market - drop.
How will the current debt binge end? What comes after Quantitative Easing?]
The last week has seen The Dow make several 1000-point-plus swings which were more than a little startling for many investors, veering dangerously close to a precipice which has 1929 written all over it.
Having blown over two trillion yen since October in purchasing stocks (ETFs) in the open market to "support Japan's economy," markets are rife with speculation the Band of Japan (BoJ) could pledge next week to buy ETFs at a faster pace than the curre
The collapse in bond yields, exacerbated by the crash in oil prices, marks an end to the era of trust in central banks...
When we discussed Saudi Arabia's shocking decision on Saturday to reverse on years of prudent oil policy following Friday's stunning collapse of OPEC+...
Now that both OPEC+ and OPEC no longer exist, and it's a free-for-all of "every oil producer for themselves" and which Goldman described as return to "the playbook of the New Oil Order, with low cost producers increasing supply from their spare capac
The IMF's chief economist urged policymakers to implement "substantial" fiscal and monetary policies to help consumers and businesses cope with the economic harm of the coronavirus outbreak.
Bloodbath on world markets: Oil prices see the biggest plunge since the Gulf War in 1991 as Dow set to open 1,000 points lower while coronavirus panic wipes £130billion off London markets with FTSE 100 falling 8.5 per cent
For a few days at the end of February, traders were stumped when instead of surging - as it normally does during risk off days - the Japanese Yen tumbled alongside stocks, sending the USDJPY to the highest level in nearly a year even as markets were
History tells us that central planning is the true harbinger of chaos.
Tim Picciott of The Liberty Advisor and John Sneisen of The Economic Truth join each other once again for the third episode of their show on global finance as markets heat up and debt floods countries throughout the world.
Global Economic Market - Cryptocurrencies