Precious metals are apparently waking up. And here is where you can find the best deals.
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Feb 4, 2021 - 07:51:48 PST
The Senate Majority Leader will be joined by Sen. Elizabeth Warren (D-Mass.) and several of the most progressive Democratic lawmakers in calling for the cancellation of $50,000 in student debt.
On Wednesday, a total of 110,679 new coronavirus cases were reported with a 7-day rolling average of 135,904, a 44% decline from the average three weeks earlier.
From GOAT To Scapegoat: Redditor Who Made Millions During Gamestop Chaos Already Being Set Up To Take The FallFeb 4, 2021 - 07:44:09 PST
Just like regulators did with Nat Sarao after the May 2010 "flash crash" - they will once again find a small-time trader to scapegoat, regardless of whether their actions actually had a major impact on the market volatility in question.
Romney’s proposal would provide $4,200 per year for every child up to the age of 6, as well as $3,000 per year for every child age 6 to 17.
Gold and silver slipped on Thursday as the dollar and U.S. Treasury yields gained and markets awaited clarity on U.S. fiscal stimulus measures.
The present day scenario is more of a deflationary one, because as governments devalue currencies to extract maximum benefit, incomes and salaries move in tandem with the change in prices of goods and services.
Architect of BOJ’s ‘Bazooka’ Stimulus Calls for Fiscal Firepower to Beat DeflationFeb 4, 2021 - 06:58:55 PST
With interest rates already ultra-low, Japan must switch to bolder fiscal spending to pull itself out of economic stagnation, said Kikuo Iwata, the central bank's former deputy governor and architect of its "bazooka" monetary stimulus.
U.S. worker productivity fell at its steepest pace since 1981 in the fourth quarter, but the trend remains solid as the COVID-19 pandemic weighs heavily on the less productive industries like leisure and hospitality.
Last year's surge in demand for investment gold and silver continued into January if sales at the US Mint are any indication.American Gold Eagle bullion coin sales were up 455% in 2020 and the selling continued through the first month of 2021. The mint called the current market demand for precious metals coins "exceptional."
Treasury Secretary says President Biden wants to advance a new coronavirus relief package with bipartisan support but that the administration must act forcefully with a deal that supports families and businesses.
Fed Officials: Now Isn’t the Time for the Fed to Think About Pulling Back Support: WSJFeb 4, 2021 - 06:38:45 PST
Two Federal Reserve officials said there will be no imminent pullback in central bank support for the U.S. economy even with growth likely roaring back this year and the unemployment rate seen falling.
Minneapolis Federal Reserve Bank President Neel Kashkari has been making the rounds. Peter Schiff talked about Kashkari's recent comments on his podcast.Kashkari ranks as arguably the most dovish Fed president. Peter called him the "uber-dove" saying he basically wants to print as much money as possible. During an online seminar put on by Montana’s Bureau of Business and Economic Research, Kashkari said the Fed needs to do even more to boost the economy and he's not worried about overdoing it.
Fed’s Evans: Monetary Policy Will Need to Remain Super-Easy to Boost “Too Low” InflationFeb 4, 2021 - 05:39:06 PST
Chicago Federal Reserve Bank President Charles Evans on Wednesday forecast a rapid economic rebound this year, but said monetary policy will need to remain super-easy to boost "too low" inflation, even as prices are expected to temporarily spike this spring.
First-time filings for unemployment insurance were expected to total 830,000 for the week ended Jan. 30.
The fallout from a Fed that has encouraged investors into buying horribly overpriced assets will be every bit as difficult as coming off the gold standard in the early 1970s or tackling runaway inflation in the early 1980s.
A Reflationary Shockwave Is Literally Spreading Across The World's OceansFeb 4, 2021 - 05:28:58 PST
Are central banks about to reap the soaring price whirlwind of the inflation genie they've been sowing for the past decadesown?
U.S. Treasury’s Yellen to Meet Financial Regulators Thursday to Discuss VolatilityFeb 4, 2021 - 05:26:17 PST
U.S. Treasury Secretary Janet Yellen will meet top financial regulators on Thursday to discuss recent volatility in financial markets driven by trading in stocks, including GameStop Corp, the Department of Treasury said.
Mario Draghi Ushers In the Counter-Revolution but He Can’t Save Italy: TelegraphFeb 4, 2021 - 05:18:53 PST
He was synonymous with defending the euro but he may yet be the man that oversees his country’s exit. Italy has gone through the gears, from democratic revolt against the euro and the country’s pro-EU elites, all the way to the other extreme of a technocrat government under the ultimate Mr Euro, without any election along the way. The stitch-up has been breath-taking, even for those who thought they...
Feb 4, 2021 - 05:12:11 PST
The European Central Bank announced on Thursday that it has extended temporary euro liquidity lines until March 2022, as reported by Reuters. The exte
BoE Keeps Policy Unchanged, Tells Banks To Start Preparing For Negative Rates "If Necessary"Feb 4, 2021 - 05:08:17 PST
On QE, the BOE said that "if needed, there was scope for the Bank of England to re-evaluate the existing technical parameters of the gilt purchase programme" but that is unlikely since the BOE's growth forecast was far stronger than previously: