Precious metals are apparently waking up. And here is where you can find the best deals.
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Feb 8, 2021 - 12:30:31 PST
According to mainstream economic wisdom, there are three certainties in life: Death, taxes and the Federal Reserve being Geppetto to gold's price strings. One way the Fed allegedly controls gold is: An increase in rates and decrease in stimulus leads to falling gold prices....
Gold Ends Higher on Expectations for Another Large Round of Fiscal StimulusFeb 8, 2021 - 12:09:29 PST
Gold futures ended higher Monday, with support tied to expectations for another round of significant aid spending to bolster the U.S. economy. February gold...
Many Reddit-informed traders own silver through an ETF. They might technically own it, but they probably will never be able to visit their holdings. Bloomberg’s Dani Burger has more on the secret vaults that hold silver and gold around London. (Source: Bloomberg)
Feb 8, 2021 - 11:50:19 PST
What is the low down on low downpayment mortgages? Gerald Hanweck, Gary Fissel and I attempted to unravel the dangers to the financial system (or taxpayers) of low downpayment mortgages during the …
Stock market bubbles are about psychology. Throughout history, bubbles have been a function of the extraordinary delusions and the madness of crowds.
Around 406,000 people left the labor force last month, according to the January jobs report issued Friday by the Bureau of Labor Statistics. More than 4 million have left since the pandemic started.
27 Million Workers Would Benefit from Raising Federal Minimum Wage to $15 per HourFeb 8, 2021 - 11:23:34 PST
Congressional Budget Office finds Democrats' plan to increase federal minimum wage to $15 per hour would benefit 27 million American workers.
Raising the federal minimum wage to $15 an hour would cost 1.4 million jobs over the next four years, according to the Congressional Budget Office.
Shelton had come under fire for inconsistent, controversial views, including an embrace of the gold standard and a shifting stance on interest rates as control of the White House passed from Democrat Barack Obama to Trump.
Treasury Secretary Janet Yellen Is Off by a Year on When US Will Get Back to Full EmploymentFeb 8, 2021 - 11:06:43 PST
One veteran economist weighs in on when the U.S. may see full employment again.
Feb 8, 2021 - 10:59:16 PST
"Gamestop is only a symptom. The size and frequency of monetary policy interventions is pushing investors further and further up the risk curve." ~ Peter C. Earle
Feb 8, 2021 - 10:54:15 PST
It is a general rule that corrupt economies tend to operate on faith and not on fundamentals....
Hard working professionals often aren’t as financially successful as we think they are.That’s for a variety of reasons. But a very large one is while very smart and often well-schooled, these folks were never taught how to properly manage and invest.So as a result, they find themselves much more of a slave to their paychecks than they want to be. While the financial freedom they dreamed of when starting out on their career continues to remain an elusive goal.
George Bernard Shaw famously observed that he knew three types of economists. Those who were brilliantly right. Those who were brilliantly wrong. And those who taught.
Please study these charts as a means of understanding the inevitability of economic stagnation and a revolt of the decapitalized middle class.
But the Trade Fiasco with China was the least terrible since 2013.
The State of American Debt Slaves: Q4 2020. Consumer Borrowing in Weirdest Economy EverFeb 8, 2021 - 10:21:27 PST
Amid enormous shifts and distortions and trillions of dollars handed out by the government and the Fed.
Feb 8, 2021 - 10:16:57 PST
But a series of equal and opposite reactions are occurring as nations move to remove the role of the U.S. dollar at the center of global trade and finance. This will have a long-lasting structural impact in ending the dominance of the dollar as the world’s reserve currency.
If time is money, then interest rates are the price of time. The most important interest rates in the world are for US Treasury securities.
Gold jumped more than 1% on Monday as expectations of a large U.S. stimulus package bolstered bullion's appeal as an inflation hedge.