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Goldman Sachs Predicts Another $600 Billion Stimulus If Democrats Win Senate MajorityJan 6, 2021 - 04:54:26 PST
If Democrats win two Georgia senate seats in runoff elections on Tuesday, securing 50 seats and gaining control of the Senate thanks to a tiebreaker vote from Democratic Vice President-elect Kamala Harris, investment giant Goldman Sachs predicts another $600 billion in stimulus legislation this year.
Mortgage Demand from Homebuyers Pulled Back Sharply, Even As Rates Ended 2020 Near Record LowJan 6, 2021 - 04:52:08 PST
The stunning surge in home buying demand, brought on by the coronavirus pandemic, may finally be easing up.
The U.S. is recording at least 215,408 new Covid-19 cases and at least 2,664 virus-related deaths each day, based on a seven-day average using JHU data.
With the Democrats now taking control of the Senate, after winning both races in Georgia, the stock market took that as a very bullish signal for the markets. Thus, we saw a huge move in the broader markets today. However, with the protests at the Capitol building, some of the market euphoria was lost...
Gold rose to an eight-week high as the dollar weakened with traders awaiting results from key elections in Georgia and weighing surging coronavirus cases.
The silver setup could scarcely look better. While silver's chart does not look as strong as gold's—yet—that is normal at this stage in the cycle.
We are in the last stages of the fiat endgame where money creation goes vertical, quickly leading to it becoming worthless, as happened in Venezuela and Zimbabwe, and of course hyperinflation is a great way to pay off debt, because you can do so with worthless currency.
Global negative yielding debt is close to an all-time record of its own, nearing $18 trillion as we begin 2021. How long are pension funds and other institutional investors likely to keep pushing such bonds higher when they guarantee the holder a negative return, even before accounting for inflation?
The pandemic will leave Western nations carrying the biggest public-debt pile as a percentage of gross domestic product since World War II. To deal with it, they will need a better grasp of inflation.
Covid Aftermath Could Spell a ‘Lost Decade’ for Global Economy, World Bank Says: WSJJan 5, 2021 - 11:53:18 PST
The World Bank projects potential global growth between 2020 and 2029 will average 1.9% a year, down from its previous forecast of 2.1% and the previous decade’s 2.5% pace.
GMO’s Jeremy Grantham Warns: The Stock Market Is in a ‘Fully Fledged Epic Bubble’Jan 5, 2021 - 11:50:16 PST
“The long, long bull market since 2009 has finally matured into a fully-fledged epic bubble,” says GMO’s Jeremy Grantham.
China is no longer biding its time and hiding its strength. Those days are over. China plans to displace the U.S. as investors’ top target, and global crises have sped up its effort.
U.S. Bankruptcy Filings Hit 35 Year Low Thanks to Government Pandemic AidJan 5, 2021 - 11:37:06 PST
U.S. bankruptcy filings for 2020 hit their lowest level since 1986 as a flood of government support programs offset at least temporarily the full brunt of the coronavirus pandemic and a related recession, Epiq AACER reported on Friday.
Macy’s Is Shuttering 45 More Locations This Year, as Part of Its 3 Year Store Closure PlanJan 5, 2021 - 11:03:23 PST
The closures are part of a previously announced plan by Macy’s to shut 125 locations by 2023, which the retailer outlined last February.
IMF’s Top Economist Expects a Global Recovery in the Second Half of the YearJan 5, 2021 - 11:00:32 PST
"It's a very dark and difficult winter, but there is light at the end of the tunnel," Gita Gopinath, the IMF's chief economist, told CNBC.
Nearly a quarter of all dollars in existence were printed by the Federal Reserve just last year. That’s the greatest money supply increase in U.S. history. What’s a dollar going to be worth in a few months? Years? Decades? To find out, our friend Adam Taggart at Peak Prosperity sat down with Danielle DiMartino Booth and Axel Merk, both of whom have inside access to the people running the Federal Reserve, to discuss what the central bank has been up to and what it’s likely to do next.
With millions of Americans still unemployed and the Covid-19 pandemic going strong, many are uncertain if they'll be able to pay their medical bills in 2021.
Here's looking at you, Federal Reserve--thanks for perfecting 'legalized looting' and neofeudalism in America.
Trends in the gig economy, global marketplace e-commerce, and real-time payroll demand are catalyzing major leaps forward in payments.
It comes with the UK's new aircraft carrier, HMS Queen Elizabeth, expected to be deployed to the region in the coming months as part of its first operational mission.