Precious metals are apparently waking up. And here is where you can find the best deals.
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Over 11 Million Americans Face an Unemployment Cliff If Lawmakers Don’t Extend COVID-19 Relief: MWFeb 3, 2021 - 08:41:25 PST
President Joe Biden’s stimulus package proposal would allow gig workers, independent contractors and self-employed workers to continue to collect unemployment benefits through September
Janet, what constitutes market forces? There will be no short squeeze on dollar positions regardless of what the banner headlines say on CNBC. Redittors have never met the printing power of the world’s central banks.
The downside is that prices have risen sharply. "Deteriorating vendor performance and supplier prices hikes led to the steepest rise in cost burdens since data collection began in October 2009. "
Unfortunately, the full brunt of the economic blow of the pandemic is likely to start to materialize in the coming months, when the economic “suspended animation” enabled by debt moratoria end and vast economic stimulus wanes. The consequent delayed economic pain is likely to last for 2-3 years.
A Perfect Storm Is Brewing for Interest Rates to Surge, Says This Bond Expert: MWFeb 3, 2021 - 07:53:12 PST
Scott Peng, the founder and chief investment officer of New York investment manager Advocate Capital Management, says a perfect storm is being unleashed. His model estimates the 10-year Treasury yield TMUBMUSD10Y, 1.126% will jump 162 basis points this year and another 160 basis points next year
Several central banks have ventured into unusual territory in the opening weeks of this year, announcing currency sales in advance as they tread a delicate line between dulling the impact of a sliding dollar and dodging the ire of the US Treasury.
The U.S. Treasury held steady its planned issuance of longer-dated securities at a quarterly debt auction next week as the department awaits the result of the Biden administration’s push for a fresh coronavirus relief package.The Treasury already boosted its so-called quarterly refunding in each of the last three quarters, and its stockpile of cash remains...
Feb 3, 2021 - 07:24:34 PST
Anticipating this surge, the ECB has already warned against taking this technical rebound for the return of sustained inflation.
Riskiest Borrowers Are Racing to Markets
Japan’s Service Sector Slump Deepens As COVID-19 Emergency Hits BusinessesFeb 3, 2021 - 07:17:04 PST
Japan's services sector shrank at the fastest pace in five months in January, as a heavy blow to demand from a resurgence in coronavirus infections and a state of emergency in parts of the country greatly hurt new business orders.
The euro zone's economic downturn deepened in January as renewed restrictions to quell the spread of the coronavirus hit the bloc's dominant service industry hard, offsetting a robust performance by manufacturers, a survey showed on Wednesday.
JPMorgan has defended its bearish call on base metals after what the bank called a "healthy amount of pushback" from investors.
Senate Leaders Reach Deal to Fully Transfer Power to Democrats, Schumer SaysFeb 3, 2021 - 07:08:15 PST
Republicans technically controlled Senate committees for two weeks after Democrats took a majority in the chamber.
U.S. Still Faces Uncertain Borrowing Needs Due to Covid-19, Treasury Says: WSJFeb 3, 2021 - 06:37:37 PST
The Treasury Department on Wednesday announced few changes to its regular debt issuance schedule for the current quarter.
With The Fed printing money 'out the wazoo', monetizing COVID relief package debt as fast as Congress can pass the bills, demand for bullion was already surging. However, the last week or so, on the heels of the Reddit-Raiders taking aim at Silver, demand for silver (and gold coins) has exploded...
The Biden administration is looking at adding several veterans of global financial diplomacy to its ranks, as Treasury Secretary Janet Yellen and the White House staff their teams and seek to bolster international ties amid the coronavirus pandemic.
Yellen, IMF Chief Discuss Need for Multilateral Solutions on Debt, Other IssuesFeb 3, 2021 - 05:43:13 PST
U.S. Treasury Secretary Janet Yellen and the head of the International Monetary Fund agreed on Tuesday on the need for multilateral solutions to address debt vulnerabilities and other issues facing the global economy, the Treasury Department said.
Yellen Gets Ethics Waiver for Regulator Meeting on GameStop Insanity After Taking $810K from CitadelFeb 3, 2021 - 05:39:45 PST
It's old rats on a new ship. If anybody knows where the bodies are buried, it's them, especially since it was they that created the massive asset bubble that made all this possible in the first place.
WASHINGTON (AP) — President Joe Biden panned a Republican alternative to his $1.9 trillion COVID rescue plan as insufficient as Senate Democrats pushed ahead, voting to launch a process that...
"Super" Mario Draghi Tapped To Lead Apolitical "Unity" Government, Save Italian EconomyFeb 3, 2021 - 05:21:52 PST
(Italy is hosting the rotating G-20 presidency this year; Janet Yellen had a call with Italy's economics minister just a couple of days ago) Italian President Sergio Mattarella has just confirmed that former ECB chief Mario Draghi - who earned the nickname "Super Mario" for his infamous "whatever it takes" to save the euro speech, given nearly nine years ago...