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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…

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…

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…

Gold prices should skyrocket to much higher levels, even $20,000 in two to five years’ time, as gold reaches a price level close to the level of the Dow Jones Industrial Index, this according to Pierre Lassonde, chairman of Franco Nevada. “When I look at where we are today, the money creation will take time…

The Federal Reserve balance sheet is now at $5.3 trillion, up 12.4% over just the last week. The central bank is greatly increasing the amount of Treasurys and other assets it owns in an effort to keep markets and the economy afloat during the financial crisis. Proportionately, the biggest increase in the holdings came in…