Precious metals are apparently waking up. And here is where you can find the best deals.
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Aid Bill Gives $25 Billion to Restaurants, Industry Says It’s a Step, but More Will Be NeededMar 3, 2021 - 08:09:43 PST
The restaurant industry's largest lobbying group is working to ensure that Democrats’ big COVID-19 relief package doesn't leave out eateries at the last minute, as the organization also says that it expects more aid for the hard-hit sector will be necessary.
America has a problem. Well, almost 28,000,000,000,000 problems. So... just how concerned should we be about America’s $28 trillion debt?
Wall Street Is in for a Rude Awakening, Former NY Fed President Bill Dudley SaysMar 3, 2021 - 07:31:41 PST
"They want the economy to overheat," Dudley told CNN Business, referring to the Fed. "And my personal opinion is, I wouldn't sell them short. I think they are going to be successful."
ECB Could Tweak Its Pandemic Stimulus as Bond Yields Surge, Germany's Weidmann SaysMar 3, 2021 - 07:07:22 PST
The European Central Bank could tweak its coronavirus-related stimulus program, Germany's central bank governor told CNBC Wednesday, with officials wary of recent increases in bond yields.
In what appears to be a backtrack of the recent ECB sentiment on the rise in global rates, European central bankers apparently see ‘no need for drastic action’ to address the situation. At least ‘according to officials familiar with internal discussions’ as BBG so aptly put it.
On March 1, the US national debt eclipsed $28 trillion with no end to the borrowing and spending in sight.It was just last fall that the debt surged above $27 trillion for the first time. In less than five months, Uncle Sam added another $1 trillion to its debt load. And there's barely been a peep from the mainstream media.
Gold prices fell on Wednesday as U.S. Treasury yields resumed their advance and global equities also firmed, reducing the appeal of safe-haven bullion. Spot gold fell 0.6% to $1,727.11 an ounce by 1016 GMT, having dropped to its lowest since June 15 at $1,706.70 on Tuesday. The main driver for gold remains U.S. 10 year Treasury yields...
Here’s the problem the Fed is fueling — and it’s not inflation, strategist says: MWMar 3, 2021 - 05:34:53 PST
One strategist says the Fed's determination to keep interest rates low through quantitative easing is fueling another problem — it's limiting bank lending.
Private Payrolls Growth Well Short of Expectations for February, ADP SaysMar 3, 2021 - 05:27:12 PST
Companies added just 117,000 positions for the month, well below the 225,000 forecast from economists surveyed by Dow Jones.
Last week’s ructions in bond markets have raised a question that has been posed frequently in recent years: Is the four decades-long fixed-income boom finally coming to an end? Bears point to the extraordinary levels of money printing and immense government deficits witnessed...
Bond traders have been saying for years that liquidity is there in the world’s biggest bond market, except when you really need it. Last week’s startling gyrations in U.S. Treasury yields may offer fresh backing for that mantra, and prompt another bout of soul-searching in a $21 trillion market that forms the bedrock of global finance.
Global manufacturing activity is surging as government support programmes and low interest rates protect consumers' incomes while restrictions on leisure travel and other services divert spending into merchandise.
On Monday, the Reserve Bank of Australia announced plans to dramatically increase its quantitative easing program. Was this an Aussie canary in the coal mine foreshadowing what's coming down the pike from the Federal Reserve? Peter Schiff talked about the RBA's move in his podcast. He said, for now, the Australian central bank is doing the Fed's dirty work.
Moscow rejected new sanctions imposed on it by the U.S. late Tuesday, describing the restrictions led by President Joe Biden's administration as "hostile."
U.S. Treasury yields climbed, after President Joe Biden promised there would be enough Covid vaccines to inoculate every adult in the U.S. by the end of May.
Mortgage Application Demand Stalls as Interest Rates Surge to Highest Level since JulyMar 3, 2021 - 05:09:24 PST
Mortgage interest rates rose at the fastest pace last week in over a year, throwing cold water on already cooling demand.
Health officials warn early easing of restrictions could lead to 4th Covid wave. The U.S. is recording at least 67,700 new Covid-19 cases and at least 2,000 virus-related deaths each day, based on a seven-day average using JHU data.
Since the silver price surged last year, the India Silver Giant hasn't been seen. Typically, India imports more silver than anyone else in the world. Just five years ago, India imported nearly one-third of the total global silver mine supply versus only 8% in 2020. What happens when the Sleeping Giant awakens?
Further supporting gold, benchmark U.S. Treasury yields eased from a one-year high hit last week, while U.S. stocks dipped after strong gains on Monday.
Silver shorts sold contracts representing a whole lot more silver than they have available to deliver again last week.