Precious metals are apparently waking up. And here is where you can find the best deals.
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Do you know what's pretty ballsy? Stealing from a professional wrestler.Yeah, I know pro wrestling is fake. (No, really, it is.) But that doesn't change the fact that pro wrestlers are big, strong athletes.In fact, before he went into fake wrestling, Kurt Angle was a real wrestler and won an Olympic gold medal in the sport. And that brings us to a WWE fan with sticky fingers and apparently not too much common sense.
The dollar jumped on Friday after data showed jobs growth beat expectations in February, backing up the view of Federal Reserve officials who have said that a recent rise in U.S. government bond yields is justified by an improving economic outlook.
This so-called stimulus plan directly rewards states that performed dismally and corruptibly over the past year.
The US trade gap increased slightly in January as imports grew at a faster pace than exports and economic activity continued to pick up after the pandemic shutdowns, according to government data released Friday.
Mar 5, 2021 - 06:56:34 PST
The $1.9 trillion American Rescue Plan (ARP) is essential to a robust and equitable recovery. The risk of doing too little is far greater than the risk of doing too much, and the American Rescue Plan meets the scale of the crisis.
Gold faced more selling pressure this week as the mainstream continues to labor under the misguided notion that the Federal Reserve is going to tighten monetary policy sooner than expected to deal with inflation. Friday Gold Wrap podcast host Mike Maharrey has been arguing the Fed is not going to tighten; it's going to ramp up quantitative easing to keep rates down. This week, he shares some insights from a mainstream analyst who gets it too.
Legendary Investor Jim Rogers Warns of 'Bubble Stocks,' Predicts a Gold-and-Silver BoomMar 5, 2021 - 05:48:50 PST
"Both gold and silver are going to go through the roof. History shows that whenever people lose confidence in governments and money, all of us peasants buy gold and silver. Peasants like me have some gold in the closet. We like to have some silver under the bed."
Indian gold buyers sidelined for most of the past year due to surging costs are now snapping up bullion as a drop in prices unleashes pent up demand.
10-Year Treasury Yield Jumps to New High for the Year of 1.62% after Strong Jobs ReportMar 5, 2021 - 05:39:59 PST
The yield on the benchmark 10-year Treasury note rose to 1.61% at 8:30 a.m. ET. The yield on the 30-year Treasury bond rose to 2.348%. Yields move inversely to prices.
Stronger economic data should push the benchmark 10-year U.S. Treasury yield up to 1.9% by the end of 2021, according to Goldman Sachs' latest forecast released on Thursday.
The U.S. federal debt burden will double over the next 30 years, reaching 202% of economic output in 2051, as deficits grow and interest rates eventually rise, the Congressional Budget Office said on Thursday in its latest long-term budget projections.
US Debt on Track to Double by 2051, Raising Risk of Financial Crisis, CBO SaysMar 5, 2021 - 05:32:25 PST
The U.S. federal debt burden will double over the next 30 years, reaching 202% of economic output in 2051, as deficits grow and interest rates eventually rise, the Congressional Budget Office said on Thursday in its latest long-term budget projections.
The 10-year U.S. Treasury yield held above the 1.5% level on Friday, ahead of data out later in the morning showing the number of jobs added in February.
Effectively, it meant that an investor in the repo market lending money so others could short the 10Y ends up paying rather than getting paid. Needless to say, this is a clear breach of one of the most fundamental relationships in the repo market, where lenders of cash always get paid - however little - in order to make a more liquid and efficient market.
Senate Democrats hope to pass the $1.9 trillion coronavirus relief bill by this weekend as they try to renew unemployment aid programs.
Too Much Stimulus in the U.S. May Bring 'Imported Inflation' to China, Economists WarnMar 5, 2021 - 05:13:43 PST
Worries over “imported inflation” come as China considers how to manage growth in an economy recovering from Covid-19, while still dealing with problems of high debt levels and a housing bubble.
European Markets Pare Losses After Fed Comments Reignite Global Stock JittersMar 5, 2021 - 05:12:21 PST
U.S. Federal Reserve Chair Jerome Powell said the economic reopening could “create some upward pressure on prices,” noting that he expects the central bank to be “patient” on policy action even if the economy sees “transitory increases in inflation.”
The U.S. is averaging roughly 64,400 new Covid-19 cases per day, according to a seven-day average calculated by CNBC using Johns Hopkins University data.
While the debate continues as to whether the economy heads into Inflation or Deflation, most investors are all betting on the side of massive inflation. Unfortunately, several indicators are pointing towards Deflation. So, when these investors who are piled on one side start to see the trade go against them...