Precious metals are apparently waking up. And here is where you can find the best deals.
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The relationship between currency strength and deflation can become mutually reinforcing, as a strong currency chips away at import prices, muffling inflation. Mr Brooks likens the ECB’s predicament to that of the Bank of Japan in the wake of the financial crisis, when a disinflationary outlook boosted the yen, in turn further fueling fears of deflation.
Jan 22, 2021 - 08:18:11 PST
Japan's core consumer prices slumped in December at the fastest annual pace in a decade, a sign of intensifying deflationary pressures that sharpen the case for the central bank to come up with better ways to combat the deepening impact of the COVID-19 pandemic.
Confession time — I couldn't find a darn thing "fun" relating to gold this week.Honestly, it wasn't exactly a fun week to begin with unless you're into political theater. In case you haven't figured it out yet, I'm not. We certainly had all the political theater we could ever want with the inauguration and all. About the only thing I can say about that is it reminded me of the Hunger Games movies, especially Lady Gaga singing the national anthem decked out with that massive gold dove broach.
Time to Worry About Stock Market Leverage Again: Another WTF Sign the Zoo Has Gone NutsJan 22, 2021 - 07:49:44 PST
In a world where valuations are irrelevant.
The Illusion Of Soaring Savings Amid Rising Economic Uncertainty: Lance RobertsJan 22, 2021 - 07:46:58 PST
The illusion of savings has distorted the reality of the economic uncertainty on the bottom 80% of Americans as shown in a recent Simplywise survey.
Another caveat: Market valuations have again reached never before seen levels of asset price disconnect from the underlying size of the economy: 192.9%
While bubbles are extreme events that can radically reorder investment outcomes, there are good reasons to believe this time around will be even more disruptive than usual.
Trading Volume Is Up from 2020’s Breakneck Pace As Retail Investors Jump InJan 22, 2021 - 07:26:08 PST
It's not just equity prices that are hitting new highs in 2021. Trading volumes for stocks and options are at records as well.
Janet Yellen is Jo Biden's Treasury Secretary nominee. She claims to support "market forces" as the driver for the US dollar. What does that really mean in a practical sense?
Janet Yellen’s Nomination As First Female Treasury Secretary Clears Key Senate HurdleJan 22, 2021 - 07:18:34 PST
Janet Yellen's history-making move to head the Treasury Department took a key step forward Friday morning after she cleared an important Senate vote.
States will soon start giving out billions in rental assistance. Here's what you need to know if you're struggling.
It's easy to guess the states people are leaving. Can you guess the top states where people are headed?
Existing Home Sales Rise 0.7% in December, Total 2020 Sales Were the Highest Since 2006Jan 22, 2021 - 07:09:17 PST
Pandemic-driven demand drove total 2020 home sales to the highest level since 2006.
Despite the usual seasonal slowdown expected, Existing Home Sales rose modestly in December (+0.7% MoM vs -1.9% MoM exp), bucking the trend of downturn into year-end...
So employment is weaker, inflation is soaring, and the headline prints are bouyed by a record surge in supplier delivery times (caused by lockdown-driven supply-chain disruptions... not exactly a positive)... It's all an illusion!
Jan 22, 2021 - 06:46:06 PST
Democratic New York City mayoral candidate and former Citigroup vice chairman Ray McGuire applauded the Biden administration’s stimulus proposal but emphasized that the scale of the COVID-19 crisis will require additional federal government support beyond the nearly $2 trillion promised.
Joe Biden took the country's wheel on Wednesday. For some, it was a day of celebration. And for some, it was a day of mourning, depending on your political perspective. But what is really in store for us in the Biden years? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey considers the economic path that lies ahead. He argues that while the driver has changed, the car is still heading in the same direction with Biden's foot on the accelerator.
Global Shares Slid from Record Highs, and US Equity Futures Stumbled on FridayJan 22, 2021 - 05:41:35 PST
"After the post-election wave of optimism from the U.S., markets have been left facing the reality of vaccine delivery and new lockdown measures, and the perspective of a double-dip in Europe."
Gold prices fell more than 1% on Friday as U.S. Treasury yields and the dollar held firm, although expectations of a big U.S. fiscal stimulus kept bullion on course for its first weekly gain in three.
Bitcoin wavered on Friday and was heading toward its sharpest weekly drop since September, as worries over regulation and its frothy rally drove a pullback from recent record highs.