Precious metals are apparently waking up. And here is where you can find the best deals.
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The global middle class shrank for the first time in decades last year because of the Covid-19 pandemic, with almost two-thirds of households in developing economies reporting they suffered a loss in income, according to two new estimates based on World Bank data.
Biden Has Promised Not to Raise Taxes on People Earning Less Than $400,000, Heres the Other ChangesMar 18, 2021 - 08:24:19 PDT
Now that another coronavirus relief package is done, President Joe Biden could push for tax changes this year. Here's what you may expect.
Mar 18, 2021 - 08:05:25 PDT
The Scion Asset Management boss has criticized Tesla, Robinhood, Dogecoin, bitcoin, and the GameStop buying frenzy this year.
"adjustment will ensure that U.S. money market rates won’t trade negative and that money funds don’t face a collateral shortage that would force them to gate inflows and deflect institutional flows to the bill market."
The European Central Bank may need some time before the recently agreed acceleration in the pace of money printing, part of its efforts to cushion the fallout of the COVID-19 pandemic, becomes apparent, ECB President Christine Lagarde said on Thursday.
The Fed's Dot Plot of interest rate projections is another exercise in silliness.
Stock Market Leverage Spikes in Historic Manner: Another WTF Chart of a Zoo that Has Gone NutsMar 18, 2021 - 07:38:40 PDT
In an investment environment where nothing matters anymore – until it suddenly does.
Rising interest rates on debt are all the rage right now as the Biden administration tries to spin a recovery out of a confidence spiral...
Mar 18, 2021 - 07:25:06 PDT
Treasury yields breached more key levels as bond traders boosted bets that the Federal Reserve will allow inflation to overshoot as the U.S. economy recovers.
On average, the international monetary system lasts about 35 to 40 years before the tensions they create become too great and new systems are needed. Prior to World War I, major economies existed under a strict gold standard. During the war, most economies …
COMEX is the primary futures and options market for trading metals such as gold and silver. There have been some interesting trends for silver in the COMEX in recent months. More investors are taking delivery of silver. In other words, the short squeeze may still be on track - albeit in slow motion - and this could impact the silver price moving forward.
Gold Slightly Higher, but Pulls Back From Post-Fed High as Treasury Yields Rise: MWMar 18, 2021 - 05:52:04 PDT
Moya said with “easy money” not going away soon, “the bottom is firmly in place for gold. Gold prices are entering a new environment where they could start to rally alongside Treasury yields if inflation runs hot.”
Powell Is a 'Maestro,' Reinforced Fed Not Move Away from Zero Interest Rates or Its Bond PurchasesMar 18, 2021 - 05:42:52 PDT
Fed Chairman Jerome Powell managed to keep the volatile bond market calm and the stock market rallying, during what could have been a turbulent afternoon of trading.
Spiking U.S. bond yields boosted the dollar on Thursday, helping it to revive from two-week lows, after the Federal Reserve pushed back against speculation over interest rate hikes.
If the economy turns into a giant party, the Fed is promising not to be an uptight host.
The Federal Reserve wrapped up its March FOMC meeting yesterday. As expected, there were no policy changes. Interest rates remain at zero. Quantitative easing carries on as it has been. Peter talked about the Fed meeting and Fed Chair Jerome Powell's messaging in his podcast. He said the Fed is playing a game of chicken with interest rates and inflation.
First-time claims for unemployment insurance were expected to total 700,000 for the week ended March 13, according to Dow Jones.
Having bounced back above 20 million in the prior week, the total number of Americans filing for jobless benefits fell back to just ove 18 million this week... but it's still 18 million and hasn't improved materially for four months...
China is diversifying its supply of critical natural resources by buying stakes in overseas companies, said risk consultancy Verisk Maplecroft.
BoJ: Policy Review to Focus on Yield Curve Control Framework and ETF-BuyingMar 18, 2021 - 05:23:42 PDT
The Bank of Japan (BoJ) is widely expected to keep its policy rate steady at -0.1% following the two-day policy meeting ending on Friday. More importantly, the BoJ will release the findings of its policy review alongside the policy statement.