Klint said the “substantial” stimulus packages that governments had injected into their respective economies in the immediate response to the pandemic also dovetailed into the “ongoing trend towards self-sufficiency which has been accelerated by Covid-19.”
Janet Yellen faces the Senate Finance Committee on Tuesday for her confirmation hearing to the post of Treasury Secretary. [The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.]
India ranks as the second-largest gold consuming country in the world, second only behind China. But over the last couple of years, the gold market in India has languished due to a combination of record-high gold prices in rupee terms and the economic impacts of the coronavirus pandemic. But were signs of revival in the Indian gold market last month.
Gold edged up, recovering from an almost seven-week low, amid caution in markets as investors assessed the outlook for the dollar and the timeline for a U.S. stimulus package.European equities and U.S. futures were under pressure...
Historic increase in monetary supply to fight Covid crisis will lead to higher consumer prices...
The Treasury secretary nominee, facing confirmation hearings this week, supports Biden administration plans that add trillions to U.S. borrowing, backed by a turnabout in economic thinking.
The head of the International Monetary Fund on Monday said the global lender needed more resources to help heavily indebted countries, citing a highly uncertain global economic outlook and a growing divergence between rich and poor countries.
The German economy is managing to stay afloat but could suffer a "sizeable setback" if coronavirus curbs are extended again, the Bundesbank said on Monday.
Peter Schiff recently spoke at the January 2021 Virtual Money Show. He explained why the coming financial crisis will be much worse than 2008, and how the Federal Reserve and the US government are driving us toward this crisis with their inflationary monetary policy.
The European Central Bank will this week face more questions about an increasingly challenging outlook only a month after it unleashed fresh stimulus to bolster the euro zone economy.
Italy forecasts its debt to soar to a new post-war record level of 158.5% of gross domestic output (GDP) this year, surpassing the 155.6% goal it set in September, a government source told Reuters on Saturday.
Janet Yellen, President-elect Joe Biden's pick to take over the U.S. Treasury, is expected to affirm the United States' commitment to market-set currency rates when she testifies on Capitol Hill on Tuesday, the Wall Street Journal reported.
Gary Gensler is expected to be Joe Biden’s pick to take over the Securities and Exchange Commission. “He will do things that are controversial.”
Initially developed by Hollo, Kremer and Lo Duca in 2012 in the midst of the euro area sovereign debt crisis, the ECB systemic risk indicator is based on fifteen financial stress measures and is used to track emerging market stress that could force the ECB to step in in the market.
Certainly that's not something we need to harp upon for most of our readers, who understand exactly how the Fed printing trillions of dollars over the course of months has further bifurcated the wealth gap in the United States. But, what is worthy to point out is that the mainstream media now appears to be getting wise to the concept - and all it took to realize what was going on was billionaires reaping another collective $1.3 trillion while the rest of the country suffered from agonizing depression.
U.S. Treasury yields climbed on Tuesday morning, as traders watched for comments from Treasury Secretary nominee Janet Yellen.
The dollar dropped on Tuesday as investors prepared for U.S. Treasury Secretary nominee Janet Yellen to talk up the need for major fiscal stimulus and commit to a market-determined exchange rate when she testifies later in the day.
More than 2 million people have been recorded killed by the virus worldwide, according to Johns Hopkins University data.
Germany identifies another new strain; UK hospitals use blockchain to track vaccine temperature
When the world heads over the ENERGY CLIFF, certain regions will be impacted more than other areas. The most oil-dependent regions will find it quite difficult to continue business-as-usual as the oil supply begins its inevitable decline. Over the past decade, the global oil industry increased the production of...