Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Another market support gets pulled away and turned upside down.
Biden Puts Anti-corruption Effort at Center of Foreign Policy, With Crypto, Cyber FocusJun 3, 2021 - 07:37:18 PDT
President Joe Biden will issue a major new directive to federal agencies instructing them to prioritize efforts to identify and tackle corruption.
Ending Federal Unemployment Benefits Early Will Cost States More Than $12 BillionJun 3, 2021 - 07:34:22 PDT
A new report from Congress's Joint Economic Committee finds ending pandemic-era federal unemployment programs will cost states billions of dollars.
Jun 3, 2021 - 07:25:46 PDT
That would cut the purchase price nearly in half, allowing more families to buy homes and build wealth, lawmakers say. Both Newsom and legislators also proposed setting aside $200 million to facilitate homeownership for first-time buyers and low-income Californians
Mortgage Apps Drop as People Looking for a Home to Live in Step Back from “Raging Mania”Jun 3, 2021 - 07:18:14 PDT
Investors may still be doing a lot of heavy breathing.
Jun 3, 2021 - 07:07:00 PDT
A severe housing shortage is accelerating prices, even in the upper brackets.
Tens of millions of American workers lost their jobs last year when the COVID pandemic struck. The Federal government responded, extending and boosting unemployment payments to those affected. But now that extraordinary support is being withdrawn. AND, at the same time, the national moratorium on evictions is expiring. The household budgets of a LOT of people, millions, are going to be negatively impacted by this very soon. What will the repercussions be?
Soaring housing prices may be what bring central banks to start tapering stimulus.
Over 15 Million Americans Remain On Government Dole, Despite Record Job OpeningsJun 3, 2021 - 06:47:52 PDT
The number of Americans filing for first time jobless benefits fell to 385k last week - the lowest since the start of the government-policy-driven lockdowns last year (below 400k for the first time since March 2020)...
Housing prices worldwide are rising the most since before the global financial crisis, following a market frenzy seen in places from New Zealand to Canada to Singapore during the pandemic.
Gold eased from its highest level in almost five months as investors digest the latest comments from U.S. Federal Reserve officials for clues on the potential time frame for tapering stimulus and as the dollar strengthened. Philadelphia Fed President Patrick Harker said Wednesday it’s appropriate “to slowly, carefully move back” on bond purchases at a...
Central banks globally added another net 69.4 tons of gold to their reserves in April, according to preliminary numbers compiled by the World Gold Council.Gold-buying by central banks slowed last year from the record pace we saw in 2018 and 2019. That trend has continued into 2021, but buying is ahead of last year's pace as many countries continue to load up on the yellow metal.
Biden’s Budget Signal to Fed: His Economists Assume Negative Real Interest Rates for a Decade: WSJJun 3, 2021 - 05:33:17 PDT
The budget anticipates that inflation will remain contained between 2.1% and 2.3% a year through 2031. This may be wishful thinking, but let it go. The budget also assumes that the average annual interest rate on three-month Treasury bills will remain below the inflation rate for all 10 years. The rate will be 0.2% in 2022 and never go higher than 2.2%, which it reaches in 2031.
Russia's sovereign wealth fund (officially the National Wellbeing Fund) has decided to dump all of its dollars and dollar-denominated assets in favor of those denominated in euros, yuan - or simply buying precious metals like gold, which Russia's central bank has increasingly favored for its own reserves.
The Biden administration is trying to persuade other nations to approve a global minimum tax as it works to curb profit shifting and raise corporate taxes in the United States.
It seems like every other day cybercriminals go after a new industry and disrupt people’s lives. And with each new attack, cybersecurity experts offer words of caution: It could get a lot worse, and it probably will.
Citi Downgrades Allstate, Says Inflation Could Lead to Higher Claims CostsJun 3, 2021 - 05:19:49 PDT
Shares of Allstate have gained roughly 25% year to date, reclaiming their pre-pandemic levels and pushing to the company's market cap to $41 billion.
There are signs that Russia's economy is overheating with annual inflation currently at 5.9%, Anton Siluanov, the country's finance minister, said Thursday.
Total hires came to 978,000 for the month, a big jump from April's 654,000 and the largest gain since the 4.35 million added in June 2020.
U.S. stock futures were lower early Thursday morning, following a quiet day of trading on Wednesday.