Precious metals are apparently waking up. And here is where you can find the best deals.
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Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell appear for a second day for virtual Capitol Hill testimony.
A worldwide tussle is underway over the spoils of ultra-cheap money.
A Bill Gates Venture Aims To Spray Dust Into The Atmosphere To Block The Sun. What Could Go Wrong?Mar 24, 2021 - 07:24:15 PDT
Microsoft’s MSFT -0.7% billionaire founder Bill Gates is financially backing the development of sun-dimming technology that would potentially reflect sunlight out of Earth’s atmosphere, triggering a global cooling effect.
A growing band of retail traders is coming together to make it clear that they hate Wall Street almost as much as they “like the stock,” perhaps highlighting the growing potency of average investors in a new era of investing.
Every time the economy gets into trouble, governments and central banks react the same way - they cut interest rates and loosen monetary policy to stimulate borrowing and spending. The idea is that the "stimulus" will increase demand and pull the economy out of trouble. But there is a dark side to this policy - debt. And debt is slowly poisoning the economy.
'Every country treasures its monopoly on controlling the supply and demand. They don’t want other monies to be operating or competing,' Dalio tells Yahoo Finance's Andy Serwer.
Yellen, asked about a possible $650 billion SDR allocation during congressional testimony on Tuesday, said an expansion was in the U.S. national interest because it would help some of the neediest countries avoid contractionary policies that might impede a global recovery.
“It was assumed, even only a decade ago, that the Fed could not just print money with abandon. It was assumed that the government could not rack up huge debt without spurring inflation and crippling debt payment costs. Both of these concerns have been thrown out the window by large numbers of thinkers. We’ve seen years of high debt and loose monetary policy, but inflation has not come.
The latest Biden/Democrat stimulus bill is just the beginning. There is more government spending coming down the pike. That means more money printing. But Paul Krugman says not to worry. It didn't cause a big jump in CPI last time and it won't this time either. Peter Schiff talked about it in his podcast. He said when Krugman talks - nobody should listen.
Erdogan Calls on Turks to Help Stabilize the Lira as Investors Fear a Monetary CrisisMar 24, 2021 - 06:48:38 PDT
Turkey's inflation is at 15%, youth unemployment is at 25%, and the dollar is up more than 10% on the lira since the central bank chief's firing.
Gold prices rose on Wednesday as a pullback in U.S. Treasury yields and worries over lockdowns across the euro zone lifted demand for the safe-haven metal, although a stronger dollar limited bullion’s upside.
Mar 24, 2021 - 05:59:29 PDT
Over the next 12 months, prices are expected to extend bullishness by around 25 percent to test a fresh all-time high level and rally towards $2,200.
The dollar picks up further traction and lifts DXY to new yearly peaks around 92.60, area coincident with the critical 200-day SMA. A convincing break
Cash is king may well be the mantra for emerging markets this year.With the relentless increase in Treasury yields pushing up global borrowing costs, developing-nation bond investors are scrutinizing the cash reserves of governments as they look to pick future winners. Russia, South Africa and Indonesia may be among the best performers...
China’s local governments had 14.8 trillion yuan ($2.3 trillion) of hidden debt last year, and the figure could climb even further this year, according to a government-linked think tank. Local governments were under pressure to increase infrastructure investment and shore up growth through the pandemic, leading to a 6% rise in off-budget borrowing...
China is well behind on the two-year targets set in its trade deal with the U.S., having purchased only about a third of the goods it said it would buy so far. Total purchases of U.S. agricultural, manufactured, and energy goods were $123 billion in the 14 months since the trade deal was signed in January 2020...
Homebuyer Mortgage Demand Inches Higher, but Rates Hit Highest Level Since SummerMar 24, 2021 - 05:34:58 PDT
Higher mortgage rates do not appear to be dampening demand for home purchases but are crimping refinance volume.
U.S. Durable Goods Orders Fell 1.1% in February, vs 0.8% Increase ExpectedMar 24, 2021 - 05:32:40 PDT
Orders for long-lasting U.S. manufactured goods were expected to rise by 0.8% in February, after leaping 3.4% a month earlier.
Crypto Is a 'Speculative Vehicle' and Should Be Regulated, Says Boss of Central Bank Group BISMar 24, 2021 - 05:31:30 PDT
His comments arrive as various central banks around the world are exploring their own digital currencies.
The global electric vehicle market is heating up, and China wants to dominate. It has invested at least $60 billion to support the EV industry and it’s pushing an ambitious plan to transition to all-electric or hybrid cars by 2035.