Economic Crisis

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New Home Pricing, Economic data pointing to a hard climb out of the CoronaVirus Covid-19 contraction

9 May 2020 2 minute read 0 comments Thomas J Connolly

May 9, 2020 and it is time for some charts on the Economy Be mindful, the charts do not present a pretty picture of the state of the economy. We all hope for a speedy return to “normal” life, and with that a fast pick-up in economic activity. We sh...

Coronavirus self-isolation - Day 42 (and a great crypto signature)

8 May 2020 2 minute read 1 comment Heruvim78

 I start with Coronavirus stats: As for today, we have 3,894,575 cases globally, with 1,601,938 closed cases (out of which 269,251 (17%) deaths). The mortality percentage is at 17% (22% mortality 3 weeks ago). Another 1% down, we are recovering slowl...

Trump hits again

22 Apr 2020 1 minute read 0 comments 10 minutes

As we saw earlier this week, the benchmark price of West Texas Intermediate oil in the United States created an unprecedented day in which it traded negatively for the first time in its history.Something that reflects the very saturated state of the...

How the US coronavirus stimulus package works

21 Apr 2020 1 minute read 1 comment Jumble

In the USA, the coronavirus has almost stopped the economy. The demand for gasoline is low because many automobiles stay in the garage. And in many locations, the price of gasoline is less than $1.00! Many businesses that have stayed open are not pro...

Sharp fall in Oil.

21 Apr 2020 1 minute read 0 comments Snow Under Sun

Yesterday was a significant day oil prices history. Oil producers first stored their stocks, and even sellers / intermediaries filled their tanks in the same way. Therefore, nobody wants delivery, which combined with speculative movements, bringing...

2020 Coronavirus Economic Stimulus Payment Mishaps

17 Apr 2020 1 minute read 0 comments WhiteWalrus

2020 Coronavirus Economic Stimulus (USA) payment mishaps ABC11 in Durham, NC is reporting some mishaps with the initial set of direct deposits for the 2020 Coronavirus Economic Stimulus Bill. Each adult is eligible to receive up to $1,200 USD and chi...

COVID 19 Will lead to the worst "Modern Day Recession", Developed countries will hit hard !

15 Apr 2020 1 minute read 1 comment Albatross

  International monetary fund ( IMF) projected on Tuesday that the "Great Lockdown" fueled by the coronavirus pandemic will be the worst recession after the "Great Depression" in 1929-1932 and continue to hunt if we fail to manage the outbreak. We wi...

Chamath Palihapitiya's thoughts on the crisis

11 Apr 2020 1 minute read 0 comments Call me Steven

Is this the start of a revolution? After all, all it takes is one man to light the fire in a time of crisis. Chamath Palihapitiya, the CEO of Social Capital, an avid supporter of Bitcoin and the general crypto world gave the CNBC Fast Money Halftime...

Gold - remedy in times of looming crisis? And how could It affect Crypto?

7 Apr 2020 2 minute read 0 comments Drz3wo

Covid-19 pandemic is affecting every sector of world's economy and our everyday life, but what about Cryptocurrencies? Everything in the capitalist world is connected and affects each other, that means that the ongoing worldwide lockdown is going to...

Quantitative easing in the world| Imminent inflation

5 Apr 2020 3 minute read 1 comment lenonmc21

    Returning after a period of rest, reflection, responsibilities and above all in times of quarantine, I have decided to share again with the whole community content related to finance and the world of financial markets, in this way educating them...