Precious metals are apparently waking up. And here is where you can find the best deals.
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While it is hoped more stimulus will cure the economy's ills, the reality is it doesn't lead create economic growth but creates boom/bust cycles.
Investors poured a record amount of money into equity funds, especially technology stocks, prompting strategists at Bank of America Corp. to warn that the exuberance may precede a correction. Stock funds had inflows of $58 billion in the week through Feb. 10, led by investments into U.S. equities and the tech sector, according to BofA...
Federal Reserve to Test Ability of Largest Banks to Weather a Recession: WSJFeb 12, 2021 - 06:50:46 PST
The Federal Reserve said it would test the ability of the largest U.S. banks to weather a hypothetical recession in which markets seize up and unemployment jumps above 10%.
Treasury Secretary Janet Yellen plans to wield the department’s broad powers to tackle potential risks to the financial system posed by climate change while pushing tax incentives to reduce carbon emissions.
With Joe Biden in the White House and Democrats controlling both houses of Congress, it seems pretty certain we're going to get a federal $15 an hour minimum wage. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey discusses the economic ramification of minimum wage laws. Hint — they are not good. He also talks about Fed Chair Jerome Powell's comments this week and why they should make you even more bullish on gold.
Gold eased on Friday as the dollar and Treasury yields edged higher, but prices were on course for their best week in three as hopes of more U.S. stimulus underpinned the metal.
Together they basically told the WEF to stuff the Great Reset back into the hole in which it was conceived.
US Government Debt Will Surpass the Economy’s Size in 2021 Even Without Biden’s New Stimulus: CBOFeb 12, 2021 - 05:59:19 PST
The nonpartisan agency sees the debt pile shrinking for a few years after 2021 before rising further into the next decade.
AOC Says Biden ‘Needs’ to Be Pushed on Erasing $50,000 in Student Loan DebtFeb 12, 2021 - 05:53:18 PST
Rep. Alexandria Ocasio-Cortez on Thursday reiterated her push for President Biden to unilaterally cancel billions of dollars in student loan debt, warning that whether or not the White House does so "all comes down to public pressure."
At the start of the week, there was lively speculation about whether the Biden administration’s proposed $1.9tn stimulus plan could unleash inflation — and thus force the Fed to rein in its loose monetary policies soon.
Mortgage rates moved higher in recent weeks, but their future trajectory depends on the pandemic.
The global pandemic isn’t hurting the value of farmland in the heart of the U.S. Corn Belt.Agriculture land values rose 6% last year, the biggest gain since 2012, across the Seventh Federal Reserve District, a five-state region including all of Iowa and most of Illinois, Indiana, Michigan and Wisconsin. Bankers say more gains are expected...
U.S. Concerned over China’s ‘Predatory’ Behavior When Comes to Technology: State DeptFeb 12, 2021 - 05:33:59 PST
The United States has profound concerns over China's "predatory" behavior when it comes to technology, the State Department spokesman said on Thursday, adding that the Biden administration will engage with China when in the interest of the United States.
The strongest housing boom in more than a decade is boosting home values.
U.S. Lags in New Climate Ranking and Is ‘Still Struggling to Move Away from Fossil Fuels’Feb 12, 2021 - 05:23:06 PST
Despite a high rate of emissions growth, the report said India was “quickly adopting renewable energy and has built some of the world’s largest solar plants.
The U.K. economy contracted by 9.9% in 2020, its largest annual contraction since the Great Frost of 1709, as the coronavirus pandemic ravaged economic activity.
Dwindling Cash Use Is Pushing Central Banks to Race Toward Digital CurrenciesFeb 12, 2021 - 05:19:25 PST
Central banks are accelerating their work on digital currencies and investors are taking note.
Feeling the Heat from Employees, Wall Street Banks Get Closer to Adopting BitcoinFeb 12, 2021 - 05:18:25 PST
If one of the six biggest U.S. banks decides to embrace bitcoin, it would be a major stamp of legitimacy for the nascent asset class.
The U.S. is recording at least 112,800 new Covid-19 cases and at least 2,700 virus-related deaths each day, based on a seven-day average using JHU data.
Royal Dutch Shell finally admitted that its oil production has peaked. Thus, Shell is now the first oil major to finally hit the ENERGY CLIFF. While Shell says that its oil production will continue to decline over the next three decades, management doesn't provide an outlook of what that really will look like...