Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
“Gold is struggling due to what’s going on in the bond market,” said Bob Haberkorn, senior market strategist at RJO Futures, adding ”(but) gold prices at these levels look like a great buy.”
One of the consequences of the pandemic has been that is accelerating trends that were already in force. The prime example is online shopping but the close corollary of that is, of course, the demise of cash. It now seems that many developed economies are hurtling down the road to a cashless society. This will have profound implications.
Feb 26, 2021 - 12:39:16 PST
Put another way, the United States now resembles Italy, Europe’s basket case, where the main function of commercial banks is to finance the state deficit, while the state hands out subsidies to various political constituencies.
Democrats Vow to Penalize Big Corporations That Don't Pay $15 Minimum WageFeb 26, 2021 - 12:33:36 PST
Top Democrats are drafting new plans that would penalize big corporations that pay their employees less than $15 an hour.
This has created an illusion that we can always create money out of thin air and it will magically hold its current purchasing power for ever greater amounts of energy, food and water.
From crisis to crisis, and even when there’s no crisis.
In this era of monetary fiction, one tends to read all types of undocumented and misguided views on monetary policy. However, if there is one that really is infuriating is the MMT science fiction.
Robin Hood traders don’t bother reading. The latest round of central bank balance sheet expansion, which will reaccelerate soon as Biden’s COVID bill is passed, needs some context. By t…
Biden’s $1.9 trillion coronavirus relief package would trigger cuts to Medicare & other programs early next year unless Republicans agree to a waiver, a hurdle that could give the GOP leverage over Democrats’ slim majorities.The Congressional Budget Office said in a letter Thursday to House Minority Leader Kevin McCarthy that Medicare would face a $36...
Experts warn that because bankruptcies lag other signals of economic distress, a mountain of filings may be to come. New data show what industries might be most at risk.
Massive Restructuring of the Economy Will Likely Generate Further Declines in the Middle Class: MWFeb 26, 2021 - 09:28:05 PST
Most Americans believe themselves to be members of the middle class. But a new report has shed light on who really makes up this segment of society — and how their numbers are shrinking.
For millennia, interest rates have been the primary tool for setting the price of money. They have determined how medieval kingdoms financed faraway conquests and modern nations fought wars.
Yields have surged as an acceleration in the pace of vaccinations globally and optimism over improving global growth bolster bets that inflation will rise. That has also led investors to price in earlier monetary tightening than the Federal Reserve and other central banks have signaled.
The world’s largest Bitcoin fund is selling off faster than the cryptocurrency itself as investors rush to the exits.The $31.6 billion Grayscale Bitcoin Trust (ticker GBTC) plunged 22% this week, outpacing a 17% decline in the world’s largest cryptocurrency. That’s evaporated GBTC’s once-massive premium to the Bitcoin it holds, with the price of GBTC closing 3.8%...
When I first started writing professionally, one of my mentors offered me some sage advice - never read the comments.I've not been particularly successful in following that advice much to my sanity's consternation. Because I'll tell you what - the comment section can be a brutal place.
US Treasury secretary Janet Yellen has told G20 finance ministers that Washington will drop a contentious part of its proposal for reform of global digital taxation rules which had been the main stumbling block to an agreement.
Democrats press case for SEC action on climate change, income inequalityFeb 26, 2021 - 07:59:26 PST
House Democrats assembled a panel of experts to make the case that U.S. financial regulators must take bold action to combat climate change, economic and racial inequality because of the
After Federal Reserve Chair Jerome Powell spent two days telling U.S. lawmakers the economy is in no state to be thinking about monetary tightening, financial markets suddenly started pricing in a rapid -- and perhaps too-hot -- recovery.
Market detectives looking to explain the fury of Thursday’s Treasuries selloff will find most of the evidence pointing to technical rather than fundamental reasons. A combination of supply indigestion, a potential $50 billion position unwind and vanishing liquidity exacerbated moves as traders aggressively repriced the Federal Reserve rate-hike outlook...
Central banks in Asia struggled to smother a selloff in global bonds on Friday, piling pressure on their bigger peers to do more, as spooked investors sold assets to cover deepening losses and rushed out of crowded positions in stocks.