Gold has all the potential to go unprecedentedly high. But silver will be gold on
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There's a DARK SIDE to California's Green Energy, and few people understand the future consequences on the state and national electric grid. As I have repeated over and over, wind and solar power are highly intermittent that can only function with ramping up natural gas power generation. Also, it takes a massive...
Jul 12, 2021 - 13:10:01 PDT
Gold notched its third straight week of higher prices as the yield on the 10-year Treasury dipped below 1.3% for the first time since February. The highly transmissible Delta variant was also ruled the most dominant strain of coronavirus in the U.S., threatening economic growth and raising uncertainty about the next interest rate hike.
Across the country, precious metals dealers are scrambling to fill orders amid massive silver shortages... And as the severity of this deepens, silver investors stand to profit considerably from the coming silver shortage.
Strong catalysts are expected to give a boost to the metal and the stock price...
A reserve fund would help developing nations buy vaccines and bolster their health care systems. But where will the money come from?
This Tuesday evening, the PBS investigative program, Frontline, will broadcast a documentary covering its year-long investigation of the Federal Reserve’s bailouts of Wall Street, from the financial crisis of 2008 to the present.
The South Sea Bubble in 1720. The Great Depression Bubble in 1929. The Dot-com Bubble in 2000. The Housing Bubble in 2008. History shows us that emerging markets get into serious trouble when big bubbles burst. Billions are lost while fortunes are made. Many analysts believe we are on the verge of another epic bubble in financial history. And it’s getting ready to pop.
An enormous pile of savings makes it possible for nations to borrow heavily at low cost. Encouraged by new economic thinking, they are doing just that, defying worries about inflation and sustainability.
One pleasant surprise of the pandemic has been the shortage of business bankruptcies, despite recurrent lockdowns that have drained their incomes. But is this rosy picture a cruel illusion to be removed as governments stop propping up small companies? Banks will soon find out if government life support has simply delayed the inevitable.
Global corporate debt rose 10 per cent in 2020 to a record US$13.5 trillion, according to the latest Janus Henderson Corporate Debt Index.
The chief compliance officer at Credit Suisse's domestic unit is quitting with immediate effect after just 4 1/2 months in the post.
Former U.S. Treasury Secretary Lawrence Summers said technical factors were probably at play in the recent surge in bond markets and warned that markets may be underestimating the risk of inflation.
Jul 12, 2021 - 11:01:57 PDT
What cannot go on forever, won't. But what's the resolution?
The U.S. central bank’s purchases of Treasury and mortgage-backed securities are both contributing to lower housing costs, Federal Reserve Bank of New York President John Williams said, alluding to an ongoing debate among policy makers over whether or not to scale back MBS buying faster than Treasuries when the time comes to taper.
World hunger spiked last year, outpacing population growth and probably reaching the highest since 2005, as the Covid-19 pandemic curbed incomes and access to food, according to the United Nations.As many as 811 million people -- about a 10th of the global population -- were undernourished in 2020, the UN said in a report on Monday...
The June Survey of Consumer Expectations showed that median inflation expectations over the next 12 months jumped to 4.8%.
Infrastructure spending can be economically beneficial. But, unfortunately, the type of "spending" the Democrats are proposing will not be.
Too Soon To Scale Back ‘Emergency’ Pandemic Bond Buying, ECB’s Visco SaysJul 12, 2021 - 08:52:14 PDT
Despite gradually recovering economies and summer tourism reopening in many parts of the euro zone, it's not time to end emergency stimulus measures yet, Italian Central Bank Governor Ignazio Visco told CNBC at the G-20 on Sunday.
In New Papers, Economists Argue Deficits Are Like Ponzi Schemes: BloombergJul 12, 2021 - 08:28:53 PDT
Laurence Kotlikoff and others say accumulating debt to pay for current expenses is taking money from the young to pay off the old.
An emerging proposal from the White House and Senate Democratic leaders to pay for President Biden’s infrastructure agenda is setting the stage for a major battle in Congress that will test the support of moderates