From an initial $75 billion per day when the Fed announced the launch of Unlimited QE in March, the US central bank first reduced its daily buying to $60 billion per day, then four weeks ago announced another 'taper' in its bond-buying program to $5
As expected, there were no changes to either the ECB's rates or purchase program, or its €750BN expanded QE, aka the pandemic emergency purchase programme...
Market cycles have existed since the advent of lending institutions. As far back as 2,000 BC, in Assyria, merchants provided loans to farmers and traders. Often, this created prosperity, with greater amounts of money passing from hand to hand with gr
As was purposefully leaked last week to avoid any chance of market surprise, that giant monetary chemistry lab that is the Bank of Japan did precisely as had been reported...
A hedge fund manager recently said banks could be coronavirus "heroes," but the pandemic merely lit up the powder keg that the banks had already packed.
n this episode, special guest, researcher, and author Etienne de la Boutie 2 weighs in with Tim on the days economic and MSM events including: * Stimulus
Update (1450ET): Just as we suspected and detailed below, The ECB has followed The Fed's path by accepting junk debt as collateral for its lending facilities.
Of All The Banks That Shafted Small Businesses Out Of Coronavirus Relief, JPMorgan Takes The Cake
If you want to see how leftist economic thinking has contributed to the financial and economic morass into which our nation has plunged, read an essay entitled "The Washington Post's Debt Cult" by a man named Dean Baker, who is founder and pres
Will There Be Bank Runs???
The powerful forces of bank credit contraction are at the heart of a rapidly evolving financial crisis in global derivatives, whose gross value is over $600 trillion; an unimaginable sum.
State Street Now Selling ETFs That Will Be Bought By The Fed
[This text is excerpted from the introduction to Anatomy of the Crash, a Mises Institute ebook to be released in April 2020.] The Great Crash of 2020 was not caused by a virus...
The major banks in the U.S. are anticipating a flood of loan defaults as households and business customers take a big financial hit from the coronavirus pandemic.
Tomorrow JPMorgan and Wells Fargo will usher in a historic earnings cycle, one which will see S&P500 earnings plunge the most since the (first) financial crisis...
--On $6.8 Billion In Loan Loss Reserves As Dimon Warns Of "Severe Recession"
Central banks continued their gold-buying spree in February, although the pace of gold purchases has slowed compared to last year's near-record purchases.
Record High Pessimism And Cash Levels, Record Low Liquidity And Equity Allocations
Earlier this week when we reported that JPMorgan has quietly halted all non-Paycheck Protection Program based loan issuance for the foreseeable future, we said that we didn't buy the stated reason namely - the bank was drowning in (government-backsto
The gaping price differential between spot gold and gold futures that has been plaguing the paper gold markets in London and New York for the last three weeks shows no signs of abating and is continuing to flare up.
Back on March 23, when the Fed unveiled it would start buying investment grade corporate bonds, we said "now that the Fed is effectively all in, it will buy stocks and junk bonds next."
In our report from last night that JPM has halted all non-government guaranteed small business loans on what we surmised was fears of a default tsunami set to hit America's companies, we asked "just how bad is it going to get" and implicitly, if not
In Historic Move, BOE Becomes First Central Bank To Openly Monetize Deficit
Starting a week of historic central bank interventions, at the 15th March weekend meeting, the Fed threw the proverbial kitchen sink at the market, taking aggressive measures (slashing rates by 100bps to 0.25%; committed to at least USD 700bln of QE;
"The greatest idiot is a man who thinks strong stock markets are an indication of economic health."
In this interview Daniel Lacalle explains why the fundamentals for gold are stronger each day, and why silver and palladium should not be ignored in the current crisis.
Bitcoin will be the only exit from the "global reset" of finance which will allow central banks to even destroy the banking system itself.
Wells Fargo (of course it had to be Wells Fargo…) announced yesterday on Twitter that they had already "reached lending capacity" for small businesses under this program, and they subsequently took down the application form.
In our last post we touted a too-big too fail return in the commodity-sector (a name nobody dare to pronounced.