Update (1230ET): On the heels of JPMorgan's decision to begin its resilience plan, a number of the rest of US' majors have also started their own contingency plans:
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.
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."
The World Bank announced Tuesday afternoon that it would fund an initial $12 billion in financing to combat the Covid-19 outbreak that is threatening to plunge the global economy into recession. The virus has now spread to 60 countries, infecting mor
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
While over the past 24 hours, the US Federal Reserve appears to have gotten cold feet about intervening in the market and/or cutting rates, its Japanese peer had no such misgivings.
Summary The annual growth of the working-age population is the organic baseline for growth in national, regional, and global consumption.
Goldman, BofA Brace For Crisis, Predict Multiple Rate Cuts In Coming Weeks
Democrat Michael Bloomberg has been caught saying he will drone those who disagree with him and protect the big banks. The hypocritical guy who backs and funds his own anti-gun campaign now wants the power to drone his critics.
Will The Fed Activate A Coordinated Central Bank Bailout On Sunday
2019 was a remarkable year: the S&P's total return was over 30% even as S&P earnings for the year actually fell. Well, according to Goldman, 2020 is set to be similarly as remarkable, because in a note released overnight, Goldman's David Kostin write
With the Dow Jones entering a correction just 6 trading days after it hit an all time high, the market which has no idea how to trade in a down tape, is freaking out and predictably has spawned a rumor that an emergency rate cut is imminent, a rumor
Let it be said that historians will surely marvel - and at some point soon - about the grand delusion of the present era.
Gold used to be important.
In the first part of this article we traced the development of the 'Utility Settlement Coin' ?" a project that began in 2015 and which has now evolved through the inception of a consortium called Fnality International.
Wells Fargo has agreed to pay $3 billion to settle U.S. investigations into more than a decade of widespread consumer abuses under a deal that lets the scandal-ridden bank avoid criminal charges.
Foreign central banks have sold US Treasuries for the last 16 months (the last inflow was Aug 2018)
Back in 2014 the Bank of England became the first central bank to publish research on digital currencies through their quarterly bulletin (Innovations in payment technologies and the emergence of digital currencies).
China Central Bank Orders Lenders To "Tolerate" Higher Bad Debt Levels To Avoid Financial Cataclysm
- Central Bankers Clueless About Implications Of World Financial System Interlinkages
Nearly a quarter of all subprime auto loans are 90+ days delinquent. Why?
Fed Chair Powell concludes his two-day testimony on The Hill today.
Investment bankers and M&A lawyers told the Financial Times that the number of acquisitions and IPOs in China has plummeted since the virus outbreak began in early January.
The pain for active investors who have underperformed the broader market for over a decade, has claimed its first notable casualty for 2020:
In a little noticed post back in November, we reported that as part of a stress test conducted by China's central bank in the first half of 2019, 30 medium- and large-sized banks were tested;
China Suddenly Has Another Major "Virus" Problem, As Soaring Food Prices Put A Lid On Central Bank Intervention
Can runaway booms descend into busts absent monetary tightening by the world's central banks?
"The Federal Reserve is running the risk of fomenting an eventual financial crisis by easing banking regulations at the same time that it's cut interest rates…"
WAM - CRISIS At Deutsche Bank! - BILLIONS Of Dollars LOST As Bank Continues To CRASH
The Fed, ECB, Bank of England, and Bank of Japan have now embraced climate change as part of their mission.