By: Andrew Moran What was once considered a useless byproduct of crude oil production, natural gas has turned into a vital energy source as nations transition to the so-called bridge fuel. Like everything else in this economy, the commodity has fallen victim to the Coronavirus pandemic. Since crude prices crashed to below zero for the first time in […]
Archives for June 2020
END OF DAYS: Deutsche Bank warns of ‘massive’ disaster worse than COVID-19 in next decade
It’s the end of days! The end is nigh! The apocalypse is coming! Are the best days behind us? Not if the Federal Reserve keeps printing the amount of money it has been doing in the last three months. But a new report from a titan of Wall Street suggests there is a one-in-three chance […]
CURRENCY CRISIS: Is China trying to prevent the yuan’s destruction?
By: Andrew Moran Despite a public health crisis that decimated the world’s second-largest economy, the Chinese yuan has stabilized this year after facing a historic collapse in 2019. The consensus on Wall Street is that you can anticipate additional weakness for the rest of 2020 but unlike what foreign exchange markets witnessed a year ago. With a […]
Hertz shares halted, restarted as company terminates $500 million stock sale
Hertz has been one crazy stock since declaring bankruptcy earlier this month. It crashed to 40 cents, and then it climbed more than 1,000 percent in a week. It then halved its gains when traders got wise to what was happening. It has seesawed since the company reported that investors would lose their money if […]
Swiss gold exports to U.S. surge to record high in May
America is bullish on gold. The Nasdaq just hit an all-time high, the Dow Jones Industrial Average is reclaiming its losses, and the S&P 500 is booming. And yet, not everyone is convinced of the recovery. Or perhaps it is fear of rampant price inflation from the Federal Reserve? Either way, new customs data suggest […]