Precious metals are apparently waking up. And here is where you can find the best deals.
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Every time the economy gets into trouble, governments and central banks react the same way. They slash interest rates and loosen monetary policy. This gooses the economy — temporarily. But when the next crisis comes, it takes an even bigger dose of extraordinary monetary policy to revive the economy. The Fed has pushed things into the future several times, but as Friday Gold Wrap host Mike Maharrey explains, at some point you've got to pay the piper. In this episode, he also discusses the bond market and the latest Fed talk.
“The dollar is slightly weaker today but gold has been very resilient recently despite strength in the dollar and rising Treasury yields,” said Xiao Fu, head of commodities markets strategy at Bank of China International.
After the extreme surge in income and spending in January (as government handouts gushed across the nation), analysts expected February to see some give back (more on the income side than on the spending side) - they were right.
Mr. Summers, the former Treasury secretary, and other economists say $1.9 trillion more in pandemic relief might overdo it. The Federal Reserve’s vice chair and a regional president disagreed.
Mar 26, 2021 - 05:38:39 PDT
With fears over higher taxes from the Biden administration in order to pay for a sweeping infrastructure bill only growing, some in the financial services community are already starting to voice concern on the impact to the stock market.
There are times when central bankers need to keep rates not down but up.
Biden Blasts Republicans for Suddenly Caring About the National Debt Now That a Democrat's in the WhMar 26, 2021 - 05:32:31 PDT
President Joe Biden took a swing at Republicans at his first press conference on Thursday, criticizing their opposition to more federal spending now that a Democrat is sitting in the White House.
Draghi Needs New Stimulus to Fund Italy’s $18 Billion Monthly Lockdown CostsMar 26, 2021 - 05:29:02 PDT
Italian premier Mario Draghi needs a new stimulus program within weeks to bankroll higher monthly lockdown costs of as much as 15 billion euros ($18 billion) and keep the economy afloat, according to people with knowledge of the matter.
Suez Canal Blockage Is Delaying an Estimated $400 Million an Hour or $5.1 billion a day in GoodsMar 26, 2021 - 05:19:25 PDT
Lloyd's List values the Suez Canal's westbound traffic at roughly $5.1 billion a day, and eastbound traffic at around $4.5 billion a day.
The 10-year U.S. Treasury yield ticked back up to 1.65% on Friday morning, after an auction of 7-year notes showed weaker appetite for longer-dated debt.
Inflation Expectations Could Become 'Self-Fulfilling Prophecy,': BMO CapitalMar 26, 2021 - 05:14:07 PDT
Inflation expectations could be as pernicious as inflation itself, says BMO Capital's Yung-Yu Ma. Here's what that could mean for the economy.
The U.S. is recording at least 58,600 new Covid-19 cases and at least 960 virus-related deaths each day, based on a seven-day average using JHU data.
INDIA SILVER EXPORTS EXPLODE: Filling The Insatiable Physical Metal Demand In The WestMarch 26, 2021
Evidence that the SilverSqueeze in the silver market is going global can be seen by the explosion of Indian silver exports. This is quite a surprise because India has been known for its massive silver imports, not exports. Well, that all seems to be changing as investors continue to acquire silver bullion...
Is this the bottom for gold and silver? Join Mike Maloney, Jeff Clark and today’s special guest David Morgan as they examine the latest news and market action.
While the data only covers until the year 1998, if this analysis were continued to include the last two decades, you would see that silver, on an inflation-adjusted basis, has already reached the $1,000 an ounce mark. Moreover, if this chart was replicated today, you would see that silver is now nearly as cheap as it was when Buffet bought it. (Remember: Chart is inflation adjusted).
The question for central banks is whether inflation will fade back to the below-target trend seen over the 2010s or if we are entering a new regime, with target or above-target inflation becoming the new norm.
Borrowing a quarter of the nation's entire economic output every year to prop up an ineffective, corrupt status quo is putting a Band-Aid over a tumor.
Fed Might Not Raise Interest Rates until 2024, Inflation Will Be the Test Evans Says: MWMar 25, 2021 - 12:43:19 PDT
“I suspect that it might be 2024 before we actually raise the interest rate target,” Evans said, during a webinar sponsored by the Women in Housing and Finance. The Fed could proceed faster if inflation sustainably begins to move up, he added.
The SNB has not changed its monetary policy, maintaining its rate at -0.75% and remaining ready to intervene in the foreign exchange market when necessary. The SNB expects inflation to be very low in the coming years, indicating that no tightening of monetary policy is to be expected
About 127 million households have gotten a $1,400 stimulus check. Some likely include Americans who didn't need the cash.