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Gold prices edged higher on Wednesday, as concerns over the spread of the Delta variant of the coronavirus buoyed bullion’s appeal and investors awaited minutes from the Federal Reserve’s latest policy meeting.
Following the plunge in homebuilder sentiment (beginning to catch down to homebuyer sentiment) and the disappointment in home sales, analysts oddly expected mixed data with Starts falling but forward-looking permits rising modestly. They underestimated both...
What makes the authorities so concerned? Do these assets pose a danger to the global economy in the same way that subprime-backed securities did in the global financial crisis?
A boom in US corporate borrowing has laid the foundation for a wave of defaults at financially risky companies, according to leading debt rating agencies that assess and rank bonds and loans.
China could be making inroads in a long-standing battle to deal with local governments’ so-called “hidden-debt” as the economy’s rebound gives officials room to focus on tackling financial risks.An analysis of local governments’ finances shows a difference of 668 billion yuan ($103 billion) between the amount of refinancing bonds sold in the first half of the year...
“You have seen a world upended, but you have also seen a world that is rapidly changing — sometimes more in one week than some of us have experienced over the course of decades,” he said.
Just days after we warned that the US economy is rapidly rolling over, as even the otherwise cheerful UMich chief economist Richard Curtin observed that over the past half century the UMIch survey “Sentiment Index has only recorded larger losses in six other surveys, all connected to sudden negative changes in the economy,” today’s dismal retail sales data...
The Fed Is Closing In on the Taper, but There’s a Lot the Market, Economy Still Can’t Know for SureAug 18, 2021 - 05:08:50 PDT
Inflation, which has been such a key factor in arguments for and against the Fed moving quicker, has slowed on the consumer side of pricing, but remains red hot in the housing rentals market and among producers amid global supply chain bottlenecks.
Mortgage Rates Hit Their Highest Level in a Month, and Weekly Demand DropsAug 18, 2021 - 05:06:36 PDT
Borrowers backed away from the mortgage market last week, as higher interest rates chilled a recent revival in refinances.
New Zealand Was Set To Be the First Advanced Economy To Hike Rates. One COVID Case Put a Stop to ItAug 18, 2021 - 05:04:23 PDT
New Zealand was expected to become the first advanced economy to raise interest rates, but the central bank left rates unchanged one Covid case was detected.
U.S. Treasury yields rose on Wednesday morning, ahead of the release of minutes from the Federal Reserve's latest policy meeting.
As the Fed and central banks desperately continue to buy treasuries and bonds to prop up the highly leveraged Global Ponzi Economy, sales of Gold Eagles continue to be RED HOT. According to the U.S. Mint, nearly another 20,000 oz of Gold Eagles were sold in the past two days. Also, the mint sold...
The stronger dollar is adding some pressure on the metals, said Daniel Pavilions, senior market strategist at RJO Futures. “U.S. Treasury yields are giving gold a little bit of cover, and we’re seeing a higher probability of inflation without rising interest rates,” Pavilonis said.
Restaurants and retailers encouraged digital and credit card payments, causing the coin shortage during the pandemic
It remains unclear whether the heightened outbreak of the coronavirus Delta variant will have a noticeable impact on the economy, U.S. Federal Reserve Chair Jerome Powell said Tuesday.
Palantir Technologies Inc. said it’s preparing for another “black swan event” by stockpiling gold bars and inviting customers to pay for its data analysis software in gold.The company spent $50.7 million this month on gold, part of an unusual investment strategy that also includes startups, blank-check companies and possibly Bitcoin...
Aug 17, 2021 - 11:46:00 PDT
Retail sales decreased 1.1% in July but medium-term charts tell the real story.
How Long Till the Next Silver Spike? This Data from History Gives Us a ClueAug 17, 2021 - 11:25:21 PDT
Wanna know when silver will go on its next surge? We can actually make an intelligent estimate, based on data and trends from history. I haven’t seen anyone else document this, but I think it’s valuable intel for us silver investors…
Even as (some) Republicans and Democrats came together a week ago to pass the Infrastructure Investment and Jobs Act, another political battle between the two is shaping up in Washington - this time over raising the debt ceiling.
US Treasury Freezes Billions In Afghan Reserves, Depriving Taliban Of CashAug 17, 2021 - 11:22:39 PDT
After handing the Taliban US-supplied military hardware on a silver platter thanks to the botched Afghanistan withdrawal, the Biden administration scrambled to deprive the terrorist organization of funding - freezing Afghan government reserves held in US bank accounts, and blocking the Taliban from accessing billions of dollars held in US institutions...