Precious metals are apparently waking up. And here is where you can find the best deals.
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The government response to the coronavirus pandemic has put extraordinary pressure on small businesses. And that pressure is about to increase thanks to yet another government action - minimum wage increases across the US.
There were a number of inauspicious records set in 2020 and the impacts will continue to reverberate through the economy in the future.The Federal Reserve created money at a record rate. It also increased its balance sheet to record levels. And not to be outdone, the US government set a budget deficit record.These three records were actually linked. The money printing and expansion of the Fed balance sheet were necessary to monetize the massive federal debt. And there is no sign that anything will be different in 2021.
Japan's Fragile Energy Supply Chain Wreaking Havoc To The Country's Electricity PricesJanuary 10, 2021
Electricity and Liquid Natural Gas (LNG) prices are skyrocketing in Japan due to extremely cold winter weather and shortages of LNG stockpiles. Japan is a perfect example of what goes wrong when a country's energy supply chain is very fragile. I believe what we see taking place in Japan will set the stage
IMPORTANT UPDATE JAN 9TH: Gold, Silver, Bitcoin, Tech Stocks & Why Precious Metals Are The Best Stores Of ValueJanuary 9, 2021
With the big precious metals sell-off on Friday as Bitcoin reached a new record high, many individuals are questioning their investing decisions. It seems that many precious metals investors are considering selling their gold and silver to get into Bitcoin and tech stocks. While individuals are free to make their...
“It is necessary to spend the money now,” Biden told reporters. “The answer is yes, it will be in the trillions of dollars, an entire package.”
There is worrying evidence that 2021 will see the end of fiat currencies, led by the US dollar. US dollar money supply has accelerated at an extraordinary rate, a process that will continue.
The graphic from U.S. Global Investors traces 10 years of commodity price performance, highlighting 14 different commodities and their annual ranking over the years.
Global government debt is expected to reach 99% of GDP in 2020 – a new record – as governments scrambled to support their economies as they ground to a halt under lockdowns to prevent the spread of Covid-19, the World Bank has said.
Euro zone government bond yields were down on Friday as expectations of European Central Bank support and worries about the economic recovery in Europe outweighed the impact of rising yields in U.S. Treasuries.
Credit Suisse to Slide into Red As It Sets Aside $850 Million for U.S. LitigationJan 8, 2021 - 12:27:01 PST
Credit Suisse said it will sink to a fourth-quarter loss after setting aside hundreds of millions of dollars more than previously expected on Friday for a legal dispute over property debt in the United States.
All major stock indices are trading at record highs. And valuations have never been more stretched.Market Cap to GDP (the famed “Buffet Indicator”) has never been higher. Nor has the market’s price-to-sales ratio.A year ago, macro strategist David Hunter predicted a massive melt-up in financial assets, to be followed by an equally tremendous market crash.Our friend Adam Taggart of Peak Prosperity recently sat down with David for an update on his prediction. Tune in to hear when a painful correction could hit the markets and how big it could be.
Comments from senior Federal Reserve officials and recent minutes from the December meeting are giving encouragement to the bond bears.
Deutsche Bank to Pay $125 Million to Settle U.S. Probes into Overseas Bribes, Trading PracticesJan 8, 2021 - 12:11:47 PST
The news is the latest acknowledgement of lapses in controls at Deutsche Bank since the 2008 financial crisis.
China’s light-speed recovery from the pandemic has reignited the perennial debate about how long the dollar’s 50-year dominance of global markets can persist. The U.S.’s struggle to control the coronavirus and revive its economy contrasts sharply with the Asian nation...
The US economy lost 140,000 jobs in December and with Covid cases rising once again we can't rule out further economically damaging containment measures.
Fed's Vice Chair Sees No Tapering Until 2022, Is "Not Concerned" With Surging 10Y YieldsJan 8, 2021 - 10:37:19 PST
Clarita also address the continued slump in the dollar - which as we noted earlier is one of the biggest consensus trades as we enter 2021 and should the bearish dollar sentiment reverse there could be a major market correction ...
Gold dropped below $1,900 an ounce as technical selling took over after an earlier recovery in the dollar and Treasury yields sent prices tumbling. Bullion fell as much as 3.3% in New York, the most since Nov. 9, erasing gains made at the start of this year.
But, in addition to these trends, a quieter crisis is gaining momentum in the financial sector. Even without a Lehman moment, it could jeopardize prospects for economic recovery for years to come.
After Mnuchin Demanded that Fed Chair Powell Return Hundreds of Billions from Its Emergency Lending Facilities, Fed Sends Back Just $41.3 Billion
A recent rise in U.S. bond yields and market inflation expectations have bolstered Federal Reserve officials' hopes the central bank's new monetary policy approach is taking hold and could be further buoyed if a Democratic-led Congress rolls out more spending.