Economics

  • by Tyler Durden
    Peter Schiff: What Is The Economy Going To 'Recover' To? Via SchiffGold.com, A lot of people still seem to think at some point, Donald Trump will flip a switch and the government will start humming again. As Peter Schiff explained in his podcast Friday that’s not going to happen. The best we can hope for […]
  • by Tyler Durden
    Bear-Market Bounce Breaks Despite "Global Money-Printing Orgy" As stocks soared overnight and into the open this morning, pundits quickly appeared to proclaim the bear is dead and a new bull market had begun (as The Nasdaq completed a 50% retracement of the Feb-April drop)… By the close, having tagged the 50% retracement of the plunge […]
  • by Tyler Durden
    S&P Futures Crater 40 Points In One Tick On Huge For Sell Closing Imbalance It's not just skyward that stocks can gap at 350pm when, 10 minutes before the close, the market on close imbalance is revealed. Regular readers recall two weeks ago, when on Thursday March 26 amid the furious pension frontrunning frenzy, Eminis […]
  • by Tyler Durden
    Online Lender Suspends Redemptions, Shuts Down Amid Flood Of Defaults, Unemployment Surge Over the weekend we explained just why there has been such an unprecedented scramble to use up bank revolvers over the past month, which according to JPM have seen drawdowns of roughly $300 billion so far in 2020. The reason: as clients of […]
  • by Tyler Durden
    NY, NJ Report Largest Single-Day Jump In Deaths, White House In Talks To Add $250BN To Small Business Bailout: Live Updates Summary: Russia reports another concerning jump in cases Downing Street offers update on Johnson's condition Abe kicks off Japan's 1-month state of emergency Spain reports jump in deaths following drop over the weekend Wuhan […]
  • by Tyler Durden
    Another Doctor Reports Dramatic Improvement In COVID-19 Patients Using Trump-Touted Treatment As pro-establishment mouthpieces downplay the efficacy of hydroxychloroquine to treat COVID-19 as "anecdotal" with "little evidence that the treatment is effective," yet another doctor treating has claimed dramatic improvement in coronavirus patients within hours of taking the anti-malaria drug in combination with two other […]
  • by Tyler Durden
    Consumer Credit Soared In February, Just Before The Economy Shut Down Just like today's JOLTS report, which as we reported earlier came in far stronger than expected, so today's consumer credit report was largely meaningless, covering the month of February which unfortunately represented a different world. That said, coming in at $22.331BN this number also […]
  • by Tyler Durden
    Boris Johnson Will Spend 2nd Night In The ICU Update (1510ET): Downing Street just delivered the latest update on Johnson's condition: Though doctors still consider him in "stable" condition, he will spend another night in the ICU, as a precaution. *     *     * As all of Britain (with the possible exception of a handful of […]
  • by Nick Chong
    Unfortunately, while Bitcoin has made a swift recovery of the March 12th calculation event, recently rallying to $7,400, the crypto industry has still been strongly affected by the coronavirus outbreak and a broader slowdown in the global economy, new reports indicate. Crypto Not Unscathed In Coronavirus Outbreak & Economic Fallout According to a recent report […]
  • by Nick Chong
    Considering the recent price action, it’s been easy for Bitcoin investors to throw in the towel, with data showing that the March 12th crash liquidated hundreds of millions of dollars of BitMEX positions, wiping the accounts of many industry traders. But, despite this, the conviction of one prominent Bitcoin investor has only increased over the […]
  • by William M. Peaster
    At a time when demand for gold is high and the bitcoin price just acutely pushed over $7,000 again, peer-to-peer bitcoin trading platform Paxful is making it easier to trade between the two hedge assets. On Tuesday, April 7th, Paxful unveiled a new service that will allow users to buy or sell gold for bitcoin. […]
  • by Osato Avan-Nomayo
    Bitcoin mining firm Argo Blockchain says it mined more than 900 BTC in Q1 2020 smashing its earlier record set in Q4 2019. The company says it plans to continue the expansion of its operations despite the coming halving event which will see the halving of the network’s mining reward. Meanwhile, the top-ranked cryptocurrency is […]
  • by William M. Peaster
    Ever since Black Thursday on March 12th, uncertainty has reigned on Wall Street and in the cryptoeconomy, though traders have traded on in spite. There’s been no shortage of market volatility — both upward and downward — since that fateful Thursday, when the COVID-19 virus officially became a global pandemic and an oil price war […]
  • by Oliver Dale
    Pepperstone Group is a broker for CFDs and forex, providing a trading platform for those of all skill levels. The broker aims to appeal to both novices and experienced traders with its range of tools and educational materials. Pepperstone helps both institutional and retail investors with using instruments like forex as a class of assets […]
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