Economics And Finance
30% Of All Mortgages Will Default In “Biggest Wave Of Delinquencies In History”
Unlike in the 2008 financial crisis when a glut of subprime debt, layered with trillions in CDOs and CDO squareds, sent home prices to stratospheric levels before everything crashed scarring an entire generation of homebuyers. 30% Of All Mortgages Will Default In "Biggest Wave Of Delinquencies In History" This time…
Is The $349 Billion Small Business Relief Package Another Big Bank Bail-out Fund? (#GotBitcoin?)
Big banks may have just killed the government's $349 billion relief effort to save America's devastated small businesses. Is The $349 Billion Small Business Package Another Big Bank Bail-out Fund? (#GotBitcoin?) Applications for forgivable loans for small businesses opened on April 3, but last-minute changes have thrown the program…
How To Get Money (Crypto-currency) To People In An Emergency, Fast
The responses of governments to the coronavirus pandemic have been extraordinary. How To Get Money (Crypto-currency) To People In An Emergency, Fast Governments around the world have enacted emergency legislation to protect people from loss of income and keep businesses alive as far as possible. The U.S. government, for example,…
Here Is A List Of Companies That Have Suspended Dividends Or Stopped Stock Buybacks In April
After dozens of companies suspended or cut their dividends in recent weeks amid the coronavirus-driven business slowdown, some analysts believe dozens more are vulnerable across a variety of sectors. Here Is A List Of Companies That Have Suspended Dividends Or Stopped Stock Buybacks In April Take Banks: After suspending stock…
How To Suspend Your Mortgage Payments During Coronavirus Turmoil
If your loan is federally backed and you’re experiencing hardship caused by the pandemic, lenders are supposed to allow forbearance. How To Suspend Your Mortgage Payments During Coronavirus Turmoil If your mortgage is federally backed, lenders are supposed to allow forbearance for those experiencing a financial hardship caused by the…
Record 6.6 Million Americans Sought Unemployment Benefits Last Week (#GotBitcoin?)
Coronavirus-related layoffs trigger record-setting surge in jobless-insurance claims. Record 6.6 Million Americans Sought Unemployment Benefits Last Week (#GotBitcoin?) A record 6.6 million Americans applied for unemployment benefits last week as the new coronavirus struck the U.S. economy and sent a recently booming labor market into free fall. The large number…
Treasury Department Selects Wall Street Banks To Advise On Airline Aid (#GotBitcoin?)
PJT Partners, Moelis, Perella Weinberg Partners expected to be tapped. Treasury Department Selects Wall Street Banks To Advise On Airline Aid (#GotBitcoin?) The Treasury Department plans to hire three Wall Street banks for advice on doling out tens of billions of dollars in aid to the airline industry, which is…
Bitcoin Starts Quarter With Price Down Just 10% YTD vs U.S. Stock’s Worst Quarter Since 2008
Bitcoin (BTC) has in total suffered just 10% from the coronavirus outbreak which obliterated stocks and caused the United States to print $6 trillion. Bitcoin Starts Quarter With Price Down Just 10% YTD vs U.S. Stock's Worst Quarter Since 2008 That was according to the latest quarterly price data from…
Bitcoin Enthusiasts, Liberal Lawmakers Cheer A Fed-Backed Digital Dollar
One out of every 14 households in America have no bank account. Bitcoin Enthusiasts, Liberal Lawmakers Cheer A Fed-Backed Digital Dollar Negotiations over the $2.2 trillion coronavirus aid package signed by President Trump on Friday weren’t just historic for the cost, nor the speed with which it was reached. Though…
If You Didn’t Get The Memo IMF Says Global Recession Is Underway, Worse Than 2009 (#GotBitcoin)
International Monetary Fund Chairman Kristalina Georgieva said Friday a global recession is underway and predicted it will be worse than the 2009 financial crisis, especially in developing nations. If You Didn't Get The Memo IMF Says Global Recession Is Underway, Worse Than 2009 (#GotBitcoin) “We have reassessed the prospect…
Stimulus Bill Allows Federal Reserve To Conduct Meetings In Secret (#GotBitcoin?)
Gives Fed $454 Billion Slush Fund for Wall Street Bailouts. Stimulus Bill Allows Federal Reserve To Conduct Meetings In Secret (#GotBitcoin?) The U.S. Senate voted 96-0 late yesterday on a massive bailout of Wall Street banks versus a short-term survival plan for American workers thrown out of their jobs –…
Dramatic Stock Rise Over-shadows Record 55 Million Rise In Jobless Claims (#GotBitcoin)
More than 3 million workers file for jobless benefits as coronavirus hits the economy. Dramatic Stock Rise Over-shadows Record 55 Million Rise In Jobless Claims (#GotBitcoin) [embed]https://www.youtube.com/watch?v=X195Hhca0xI&list=PLU1KxUVqGmaNyACrltXcWcA3yXK7JFVrU[/embed] A record 3.28 million workers applied for unemployment benefits last week as the new coronavirus hit the U.S. economy, marking an abrupt end…