Virus Pushes the Global Economy Closer to a Contraction

Virus Pushes the Global Economy Closer to a Contraction

Global economic growth will sink to levels not seen in over a decade as the coronavirus outbreak hammers demand and supply, challenging central banks and governments to respond to a fast-changing situation, according to the OECD.
March 2, 2020 0 Comments
Guggenheim Says Market a ‘Ponzi Scheme’ That Must Collapse

Guggenheim Says Market a ‘Ponzi Scheme’ That Must Collapse

“We will reach a tipping point when investors will awake to the rising tide of defaults and downgrades,” he wrote in a letter from the World Economic Forum meeting. “The timing is hard to predict, but this reminds me a lot of the lead-up to the 2001 and 2002 recession.”
January 27, 2020 0 Comments
A $46 Billion Bad-Loan Mirage Hints at U.S. Bank Rule’s Flaw

A $46 Billion Bad-Loan Mirage Hints at U.S. Bank Rule’s Flaw

U.S. banks are starting to book provisions for potential loan losses under a new system regulator devised eight years ago to avoid the kind of catastrophic surprise that caught the industry and regulators off guard during the financial crisis. The idea is to force banks to boost reserves based on models that factor in the economy, rather than wait for loan payments to stop.
January 23, 2020 0 Comments
Money managers retain bullish gold positioning

Money managers retain bullish gold positioning

TD Securities commented that the U.S. Federal Reserve policymakers may be about to provide a structurally “more dovish lean” to policy, which propelled gold prices higher just ahead of the long holiday weekend in the U.S.
January 21, 2020 0 Comments

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