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CBO Issues New Economic Forecasts But Contradicts Itself
Article By:
Gary D. Halbert
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Friday, May 22, 2020 9:56 AM EDT
The Congressional Budget Office (CBO) released its latest economic forecasts on Tuesday, and while grim overall, some of them are still too optimistic.
Existing Home Sales Plunge 17.8% Much Worse Is On The Way
Article By:
Mish Shedlock
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Friday, May 22, 2020 9:44 AM EDT
Existing home sales have plunged. Price will follow.
Hertz Dumps Fleet Of Corvettes While Trying To Avoid Bankruptcy
Article By:
Tyler Durden
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Friday, May 22, 2020 9:35 AM EDT
Soon to be bankrupt rental car giant Hertz is dumping a fleet of sports cars on the used car market at significant discounts as it scrambles to build up a liquidity war chest .
In this article: HTZZ
EUR/CHF: The Case For Parity
Article By:
ING Economics
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Friday, May 22, 2020 9:15 AM EDT
A view is growing that the 1.05 level in EUR/CHF is some kind of new FX floor for the Swiss central bank to defend.
Why An Economy Can't Work Without Market Prices
Article By:
Mises Institute
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Friday, May 22, 2020 8:45 AM EDT
Why does a presumably debunked argument still, drive even non-Austrian critics to pen new responses and deliberate on apparent flaws?
The Unthinkable Phenomena Will Be A New Norm – Negative Interest Rate
Article By:
Nancy Zhang
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Friday, May 22, 2020 8:35 AM EDT
The great depression and the most recent 2008 sup-prime crisis are always referenced by economists, politicians, and officials in their policy decisions.
S&P 500 Forecast: Finding Resistance Near 3000 Level
Article By:
Christopher Lewis
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Friday, May 22, 2020 8:26 AM EDT
The S&P 500 did pull back a bit during the trading session on Thursday, as we cannot seem to be able to break above the 3000 handle.
In this article: SPX
Here Comes The Wave: Loan Defaults Hit 6 Years High
Article By:
Tyler Durden
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Friday, May 22, 2020 7:57 AM EDT
Two weeks ago, when looking at the recent flurry of chapter 11 filings and a striking correlation between the unemployment rate and loan delinquencies, we said that a "biblical" wave of bankruptcies is about to flood the US economy.
Hikma Receives FDA Approval For Generic Of Amarin's Vascepa
Article By:
The Fly
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Friday, May 22, 2020 7:42 AM EDT
Hikma Pharmaceuticals announced overnight that its wholly owned U.S. subsidiary Hikma Pharmaceuticals USA has received approval from the Food and Drug Administration for its Icosapent Ethyl Capsules, the generic equivalent to Amarin's Vascepa.