We Blew a $4.2 Trillion Debt Bubble – Then 10 Million of Us Lost Our Jobs

The latest Federal Reserve consumer credit report released on Tuesday. It shows record levels of outstanding credit in February: $4.2 trillion. With unemployment rocketing, another financial crisis is around the corner. Total outstanding U.S. consumer credit stood at nearly $4.2 trillion in February. According to the latest consumer credit report from the Federal Reserve, seasonally …

Why the Fed Rate Cut Will Inflate the Stock Bubble – And Cause It To Pop

The Federal Reserve made a surprise emergency cut of 50 basis points to the federal funds rate on Tuesday in a desperate attempt to reduce the impact of coronavirus. Cutting rates won’t solve all problems; we don’t know how much the coronavirus will hurt the global economy. Stocks are overpriced. The Fed rate cut could …

Atlanta Fed’s Q1 GDP Forecast Is Almost as Laughable as the Fed Itself

The Atlanta Fed’s GDP Tracker is projecting annual growth of 2.7% in the first quarter despite the onset of coronavirus. If the forecast holds, it would mark the highest rate of expansion for the U.S. economy since Q1 2019. Fed prognosticators are notoriously bad at predicting the future. Their glaring coronavirus omission is laughable. The …

Expect a Massive Year-End Rally for U.S. Stocks Expect a Massive Year-End Rally

There’s a good chance that stocks finish 2019 with a powerful rally. Catalysts include positive seasonality, strong market breadth, bearish sentiment, desperate fund managers, and a more dovish FOMC. Fear of recession and a poor outcome to the trade war have led investors to remain on the sidelines; both factors could now become tailwinds. A …

Asian Stocks Levitate as Fed’s Repo Bonanza Continues – CCN.com

Japan leads Asian equity markets higher on Friday. | Image: AP Photo/Eugene Hoshiko Asian stocks rose on Friday, with Japan’s benchmark index reaching new five-month highs amid reports that the Federal Reserve was pledging more liquidity to prop up the financial markets. Asian Markets Rise Stocks across the Asia-Pacific region rose in the final session …

Recession No More? Bond-Market Selloff Pushes Treasury Yields to Six-Week High – CCN.com

U.S. bond markets extended their slide on Friday, as investors continued to reevaluate the recession risk. | Image: AFP PHOTO / Stan HONDA U.S. government debt yields continued to rise on Friday, booking their biggest weekly gain in three years on better than expected data, China trade progress and looser monetary policy. Treasury Yields Extend …

Why Bitcoin Rules in the ‘Insane’ World of Negative Interest Rates

Central banks around the world are on a negative rate binge to further a compelling case for bitcoin.. | Source: Shutterstock By CCN Markets: In Denmark, some depositors are now paying the bank to look after their money. In Germany, the 30-year bond yield just went negative. A total $17 trillion of global bonds are …