Monetary authorities are underwriting government and private corporate debt for larger companies, starving out smaller ones.
After the Diamond Princess cruise ship docked in Tokyo with tales seemingly spun from some sci-fi disaster movie, all eyes turned to Japan. Cruisers had boarded the vacation vessel in Yokohama on January 20 already knowing that there was something bad going on in China’s Wuhan. The big ship would head out anyway for a […]
The New York Fed today announced that the Primary Market Corporate Credit Facility (PMCCF) is operational and available for use beginning June 29.
Continued deterioration in May.
New York | Last week the Federal Reserve Board made public the annual stress test results, a financial media circus that celebrates the bank stress…
Gold has edged above resistance this morning. Is it a breakout, and if so, what does it mean? This report has answers and a few mining picks to dig.
Fed QE: $1.735B Coupon Purchase 2020-06-29
There are no guarantees in this game. Crashes are extremely rare events. But these are extreme times, and this particular setup calls for extreme caution.
The only realistic Plan B is a fundamental, permanent re-ordering of the cost structure of the entire U.S. economy.The fantasy of a V-shaped recovery has evaporated, and expectations for a W or L-shaped recovery are increasingly untenable. So forg…
The U.S. is now a case-study on how not to do public health response. …