Archive for April 2020
The US will need to spend trillions more as economy takes until 2022 to fully recover: CNBC survey
A third of respondents in the CNBC Fed survey believe the economy won’t be fully restored until the second quarter of 2022, but there are a wide range of views about the recovery. More money will be needed from the Federal Reserve and Congress to combat the pandemic slowdown. GDP will decline by 24% this…
Read MoreGold prices will nearly double to a record $3,000 as central banks fuel ‘financial repression,’ Bank of America says
Gold will rally 80% over the next 18 months as central-bank stimulus and economic turmoil drive record interest, Bank of America analysts forecast in a Monday note. Monetary authorities are spending trillions of dollars to keep economies above water. The widespread spending will place incredible pressure on currencies, pushing investors to gold and its scarcity, the bank’s analysts…
Read MoreIMF says the world will ‘very likely’ experience worst recession since the 1930s
The Washington-based organization expects the global economy to contract by 3% in 2020. The Fund expects a “partial recovery” in 2021, but this is conditional on an improvement in the health crisis. The global economy will this year likely suffer the worst financial crisis since the Great Depression, the International Monetary Fund said Tuesday, as governments worldwide…
Read MoreOpinion: Stocks will revisit their coronavirus crash low, and here’s when to expect it
U.S. market history points to a final bottom in August Is the great coronavirus bear market of 2020 now history? Many exuberant bulls would have you believe that it is, since the S&P 500 SPX, -0.36% is now more than 20% higher than its mid-March low. That satisfies the semi-official definition of a bull market. So in that…
Read MoreIMF Sees World in Worst Recession Since Great Depression
Fund sees partial recovery in 2021 if pandemic fades this year IMF doubling emergency loan capacity to help developing world The International Monetary Fund sees the world economy suffering its worst recession since the Great Depression this year, with emerging markets and low-income nations in Africa, Latin America and Asia at particularly high risk. With…
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