Precious metals are apparently waking up. And here is where you can find the best deals.
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Introduction The problem of government deficit spending and the resulting public debt is a challenge to most modern economies.
President Biden is using Covid as an excuse to foster more liberal spending waste. Let's investigate Biden's proposal vs what should be done.
Maybe. But Rents in San Francisco & Los Angeles Hit New Multiyear Low. Massive Pandemic Shifts of plunging rents in the most expensive cities and surging rents in cheaper cities still on display.
This unintended coincidence has proved to be a "double whammy" for global markets. Dollar funding has evaporated, notably from sovereign debt markets.
Data-Focused Powell Says May Take More Than Three Years to Hit Fed Inflation GoalFeb 24, 2021 - 11:40:43 PST
Between deep wounds to the labor market and weak inflation, Federal Reserve Chair Jerome Powell delivered a simple message to investors fixated on rising U.S. bond yields and price risks: watch the data, and don't expect any changes in monetary policy until the economy is...
Federal Reserve Chair Jerome Powell emphasized his view that the economy has a long way to go in the recovery and signs of prices rising won’t necessarily lead to persistently high inflation. “Our policy is accommodative because unemployment is high and the labor market is far from maximum employment,” he told the House Financial Services Committee...
“The Federal Reserve Bank staff is currently investigating a disruption to multiple services. We will continue to provide updates as soon as they are available."
* U.S. 10-year yields hit one-year high * Palladium, platinum up more than 1% (New throughout, adds comments, updates prices) By Brijesh Patel Feb 24 (Reuters) - Gold prices fell more than 1% on Wednesday as surging U.S. Treasury yields and a firmer dollar dented demand...
India’s Central Bank Is Proposing to Prohibit All Private Cryptocurrencies in the CountryFeb 24, 2021 - 10:43:52 PST
The Reserve Bank of India is concerned that cryptocurrencies may impact financial stability in Asia’s third-largest economy, a view that could shape looming regulations on the asset that is breaking price-records around the world.
While oil’s dizzying collapse is still fresh for many traders, rumblings are starting to emerge that by the end of next year prices could once again top $100 a barrel. Azerbaijan’s Socar Trading SA predicts global benchmark Brent could hit triple digits in the next 18 to 24 months, and Bank of America sees potential spikes above $100 over the next few...
In the months and years following previous pandemics, the countries most affected saw a rise in social unrest. Based on this historical trend, the COVID-19 pandemic could pose a threat to the social fabric in many countries, but these trends do not pre-determine an outcome.
Inflation seems to be a thing of the past… but current trading in bond and commodity markets tell us that it could become a thing of the future!
The U.S. needs to rethink its currency strategy. Our leaders are grudgingly realizing that the strong-dollar policy no longer suits either national interests or current economic realities. But the dangers involved in altering the global monetary system mean that transitioning to something new is fraught with peril, and the U.S. needs to move carefully.
Last week US M1 money supply was sitting at north of 6.8 trillion. This week the St Louis Fed website lists it at $18.1 trillion an increase of over $14 trillion in the past year & a $11.3 trillion increase versus last week.
Roosevelt, who led the US to victory in World War II and seeded the soil for the country to become a superpower, is considered to be the founder of the modern US social welfare system. Roosevelt's New Deal includes a series of programs, public work projects, financial reforms, and regulations enacted between 1933 and 1939. They had certain elements of democratic socialism.
The European Central Bank’s balance sheet has expanded more under 15 months of Christine Lagarde’s presidency than it did during Mario Draghi’s eight-year term. The institution’s assets were up 2.42 trillion euros ($2.94 trillion) at the end of last week from when Lagarde’s leadership began in November 2019.
Feb 24, 2021 - 08:40:45 PST
According to recent data from the US Mint, this trend shows no sign of stopping so far in 2021. Sales of gold Eagle bullion coins topped 220,000 ounces in January (~6t). That’s the highest monthly total since December 2009 and the strongest January sales so far this century.
Just a reminder how cheap gold is compared to all the dollars in circulation and at the Fed...
Federal Reserve Chair Jerome Powell on Wednesday said some form of congressional authorization may be needed for the central bank to proceed with any development and roll-out of a digital version of the U.S. dollar.
More than 150 senior executives from some of the largest American companies across several major industries have lined up behind President Joe Biden's $1.9 trillion coronavirus relief package, according to a letter obtained by CNN.