Precious metals are apparently waking up. And here is where you can find the best deals.
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M1 money supply is on a tear. Let's investigate what's happening and why.
Fed’s Harker Says He Doesn’t Expect to Taper Bond Purchases Until Late 2021, Early 2022Jan 7, 2021 - 08:06:57 PST
The Federal Reserve is unlikely to pare back the pace of its bond purchases in the near future, and may not make changes until the end of 2021 or early 2022, Philadelphia Fed Bank President Patrick Harker said on Thursday.
The Fed will do what it can to prevent a "taper tantrum" when it finally decides to scale back on its bond purchases, according to meeting minutes.
That could change. The danger is that banks could start drawing down their reserves, running those funds through the multiplier that is inherent in fractional-reserve banking, flooding markets with money, and igniting price inflation: dry tinder.
The euro and yen are flirting with valuations unseen for years as dollar weakness creates headaches for policy makers the world over.Granted, the path higher may be rocky, as seen with the greenback paring its decline Wednesday morning in New York on haven demand...
Thursday's increase in Tesla's share price pushed Musk past Jeff Bezos, who had been the richest person since 2017 and is currently worth about $184 billion.
Stocks rose to all-time highs on Thursday as Congress confirmed the election of Joe Biden as president and traders looked past the unrest in Washington.
Quantitative hedge funds are busy liquidating loss-making long Treasuries positions and could begin to establish new short ones if the 10-year yield breaches 1.10%, according to market participants. Momentum funds known as Commodity Trading Advisors likely drove the initial move upward in yields on Wednesday, based on activity in futures markets...
Fed Support Is the Reason Why the Market Keeps Rallying in ‘Rational Bubble:’ El-ErianJan 7, 2021 - 07:12:51 PST
The Allianz chief economic advisor said the Fed’s monetary stimulus along with the promise of still more spending on Capitol Hill outweigh factors that otherwise would drag down stocks and other investments.
Congress has established a $25 billion fund to help people who've fallen behind on their rent in the pandemic. Wondering if you qualify, and how to apply?
Jan 7, 2021 - 06:38:42 PST
Last year's deficit hit a record-shattering $3.1 trillion, over twice the previous record of $1.4 trillion in the midst of the Great Recession.
Last September, Peter Schiff warned during an interview on RT Crosstalk about the devaluation of the dollar.Everybody in America is going to be impoverished to a degree by these failed policies."Peter recently appeared on the Chris Salcedo Show on NewsMax to talk more about government spending, inflation, and the weakening dollar.
Gold Prices Aim for a Bounce, Commodity Dealers Are Betting Longer-Term Outlook for Gold Higher: MWJan 7, 2021 - 05:46:05 PST
However, commodity dealers are betting that the longer-term outlook for gold is higher, with a Democratically controlled Congress likely to champion greater fiscal spending, which is bullish for gold prices.
'Things are going in the wrong direction for buyers,' the report author wrote.
World food prices rose for a seventh consecutive month in December, with all the major categories, barring sugar, posting gains last month, the United Nations food agency said on Thursday.
First-time filings for unemployment insurance were little changed over the past week despite other indicators that the labor market weakened at the end of the 2020
Federal Reserve officials probably won’t mind a rise in longer-term interest rates as long as the higher borrowing costs don’t put too much pressure on the stock market.
Citi Downgrades U.S. Stocks, Predicting That Global Equities Will Be Flat in 2021: MWJan 7, 2021 - 05:24:24 PST
They also viewed the U.S. fiscal deficit as a threat to the dollar, which they expected to weaken this year, boosting emerging markets and commodity stocks.
The dollar bounced off its lowest levels since 2018 to its highest in a week on Thursday, its gains attributed partly to safe-haven buying after violence on Capitol Hill and profit-taking by investors who had been betting on the euro.
Somewhat lost in the chaos of the DC protests was the fact that Democrats won both Georgia Senate runoff races. That effectively gives the Democrats control of both houses of Congress. In his podcast, Peter Schiff made the case that Congress is the real threat to America, not the protesters who broke into the Capitol building.