The Federal Reserve took unprecedented action when it recently announced that it would be intervening into the municipal bond market, scooping up state and municipal debt amid the coronapocalypse. On Tuesday, the U.S. central bank announced some updates to the $2.3 trillion program. One of the first changes is that it would permit a larger […]
Archives for April 2020
First oil, then gold? Futures market is a warning for metal speculators
By: Mike Gleason The metals complex showed relative stability this week as the oil market suffered a historic meltdown. West Texas Intermediate Crude crashed 70% at one point this week on the continuous contract, bringing prices briefly below $7 per barrel. By Thursday, prices were trading between $14 and $18 per barrel. The volatility on […]
Pass the tofu? U.S. could soon face a meat shortage as COVID-19 impacts supplies
The lockdown is not even over yet, but you are already beginning to see rising price inflation, particularly in high-demand industries. Case in point, meat. The United States economy is preparing for a meat shortage in the coming weeks as the coronavirus outbreak wreaks havoc on meat supplies. Here is a laundry list of things […]
U.S. crude oil crashes 25% as storage facilities near maximum capacity
Is another volatile week ahead for crude oil? It looks like it. June West Texas Intermediate (WTI) crude futures plummeted $4.18, or 24.68 percent, to $12.76 per barrel to kick off the trading week. June Brent futures also declined $1.47, or 6.86 percent, to $19.971 a barrel. U.S. crude rallied 50 percent after crashing 300 […]
WATCH: Robert Wenzel talks to Rethinking the Dollar
The eminent Robert Wenzel made his return to Rethinking the Dollar after about five years. The interview touched upon a variety of subjects, including the Federal Reserve, the U.S. dollar, the coronavirus, and much more. Here is the interview hosted by the wonderful Mike Manwell: As a bit of a plug, your very own also […]