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Hong Kong Crashed Into First Recession Since 2009

"It's obviously comparable to the global financial crisis. We have a very similar situation that we don't know when it's going to end."

  • Oct 31, 2019 7:07 AM
Profile picture for user GoldCore

Time To Replace Bonds With Gold

by GoldCore - Oct 31, 2019 6:44 am

"It may be time to replace bonds with gold" according to the just released excellent new Investment Update by the World Gold Council.

  • Oct 31, 2019 6:44 AM
  • GoldCore's blog

Why The World Will Remember Departing ECB President As The Not-So-'Super' Mario Draghi

In the end, Not-So-Super Mario was a man fooled by the austerity illusion...

  • Oct 31, 2019 5:00 AM

"Our Country Must Act:" Germany Exports To Shrink For The First Time Since 2008 Financial Crisis

The dominos have started to fall. 

  • Oct 31, 2019 4:15 AM

Corbyn Plots A Marxist Revolution - Could He Win The Election By Accident?

I don't think Corbyn can win outright. However, with the constituency system of 650 MPs and votes split often three or four ways in each constituency, he could get in via a coalition with the SNP or LibDems...

  • Oct 31, 2019 2:00 AM

Global Carmageddon Continues: Pirelli And VW Warn About "Worsening Market Scenario"

Both companies are expected to pitch multi-year restructuring plans...

  • Oct 31, 2019 1:00 AM

A Conflicted Kimbal Musk Was Facing SolarCity Margin Calls Before Tesla's Bailout, Deposition Shows

One well known Tesla skeptic has taken the time to lay out, in wonderful detail, the financial pressure that SolarCity's tanking stock price was putting on the company's directors - specifically, Elon's brother Kimbal Musk...

  • Oct 30, 2019 11:30 PM

Chinese PMIs Unexpectedly Slide Further Into Contraction, Just Shy Of Post-Crisis Lows

If there was some hope that that today's Fed rate cut would mark the bottom of the global economic slowdown and serve as the basis for even a modest recovery, then Beijing promptly crapped all over any such optimism,

  • Oct 30, 2019 11:13 PM

China's Bond Market Faces Turmoil Amid Maturity Deluge

China is facing a bond supply deluge that could result in bond market turmoil: more than 2 trillion yuan of local-government notes will mature in 2020, a record, and 58% more than this year’s level.

  • Oct 30, 2019 10:50 PM

Hong Kong Plunges Into Recession After Months Of Violent Protests Take Toll

"After seeing negative growth in the second quarter, the situation continued in the third quarter, meaning our economy has entered technical recession."

  • Oct 30, 2019 10:10 PM

Bill Ackman Says WeWork Is A "0", SoftBank Should Cut Its Losses And Walk Away

"I think WeWork has a pretty high probability of being a zero for the equity, as well as for the debt..."

  • Oct 30, 2019 9:30 PM

Nio's CFO Unexpectedly Resigns Just Weeks After Company Makes Massive Job Cuts

The EV maker's stock is down about 80% this year...

  • Oct 30, 2019 8:10 PM

Crashing To Earth: Masa Son Speaks To "Almost Empty" Room At "Davos In The Desert"

The financial insights of the man who made WeWork possible apparently aren't worth as much as they once were...

  • Oct 30, 2019 7:30 PM

Repo-calypse: No, Jamie, It Wasn't The SLR!

"...nothing will change even if the Supplemental Leverage Ratio (SLR) does get changed..."

  • Oct 30, 2019 7:10 PM

The Boom Turns Into A Bust – Here Are 14 Signs That The US. Economy Is Steadily Weakening

All over the country, economic activity is slowing down, and this is hitting many small businesses particularly hard...

  • Oct 30, 2019 5:50 PM

Apple Surges After Smashing Expectations, Projecting Stellar Holiday Quarter Despite Another iPhone Sales Drop

The world's most valuable company just became even more valuable.

  • Oct 30, 2019 4:39 PM

Facebook Shares Jump After Top- & Bottom-Line Beat, DAUs Rise

"We had a good quarter and our community and business continue to grow,"

  • Oct 30, 2019 4:12 PM

Fed Cuts Rates On Day GDP Beats Expectations, Sending Stocks To New All Time High

  • Oct 30, 2019 4:01 PM

Peugeot Board Approves Merger With Fiat Chrysler, Creating European Auto Giant

But a lot of things can go wrong, preventing the deal from ever closing.

  • Oct 30, 2019 3:39 PM

"How Bull Markets End" - Wells Fargo Prepares Clients For Economic Downturn

"Still, investors want to know when a storm is brewing in the economy and markets and how they should prepare for it."

  • Oct 30, 2019 3:05 PM

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