With the coronavirus pandemic serving as a backdrop, 2020 was a record-breaking year in many ways. And some of the economic records that fell were, shall we say, less than ideal. In fact, the impacts of these records will almost certainly ripple through the economy as we move into 2021.Here are three records that fell last year that didn't get nearly as much attention as they should have.
Goldman Sachs weighs in on the outlook for further fiscal stimulus in the wake of the Georgia Senate election runoff.
One of the hot topics today is Gold vs Bitcoin, or a completely digital dollar. What does physical gold and silver do for us if the system is going to be all digital? Join Mike Maloney and Jeff Clark in today's discussion.
Policymakers need to take more action to tackle rising risk that short-term problems will become embedded
The world’s biggest economies shouldering record debt burdens are about to confront an unwelcome legacy of the financial crisis: a $13 trillion debt bill. The Group of Seven nations plus key emerging markets face the heaviest bond maturities in at least a decade, much of them borrowings to dig their economies out of the worst slump since the Great Depression.
Billionaire Carl Icahn told CNBC that "wild rallies" always end in the same dramatic fashion.
The Fed enters 2021 with a fresh challenge on its plate, namely whether its commitment to higher inflation will poison markets.
"People are starting to question the failed strategy of lockdowns, much as they questioned the wisdom of LBJ’s Vietnam strategy. While nonviolent protest is certainly warranted, especially when it comes to the pressing need for our children to return to school, we need an end to the 'state of...
The U.S. is recording at least 213,437 new Covid-19 cases and at least 2,637 virus-related deaths each day, based on a seven-day average using JHU data.
The first trading day of 2021 was, as Peter Schiff put it, "atypical."In his first podcast of 2021, Peter analyzed the unusual day on Wall Street and explored a significant question: are we beginning to see the decoupling in the global financial markets that he's been predicting for years?
As the world moves forward with its GREEN ENERGY Policy, there's an ugly truth about Electric Vehicles... EVs. The notion that switching to EVs will solve our climate or energy problems, is totally false. Not only will EVs not solve these problems, but they also can't be ramped up to the optimistic numbers...
Gold climbed to a eight-week high, topping $1,900 an ounce, as lower U.S. real yields and a weaker dollar helped the metal build on the biggest annual advance in a decade. Silver jumped, while platinum was little changed after touching the highest since 2016.
At least 11 U.S. cities are piloting UBI programs to give some of their residents direct cash payments, no strings attached.
The U.S. dollar recovered after falling to its lowest level since April 2018 on Monday, as surging coronavirus cases undermined bullish sentiment that had begun the new year across global markets and pushed investors into riskier currencies, such as the Chinese yuan and...
Reincarnation of the Roaring Twenties—one century on from the 1920s—is the lead speculative narrative this new year on Wall Street, it seems.
Money—the magical power it has over people is almost universal. But whether we earn it, spend it, or save it, we hardly ever think about the following questions: What is money, why does it exist, and what will money look like in the future? Why should we? Our money works.
I think that if there’s anything that illustrates the head in the sand problem of the banks, it’s this. Commercial real estate (CRE) finance. There’s a monster in the room. All that empty space. No longer income producing.
On December 16, Fed Chair Jerome Powell was specifically asked if he is seeing any signs of "valuation pressures" in the US housing market which according to the latest Case Shiller data was surging at the fastest pace in 6 years.
See. There are just tons of “cash on the sidelines” waiting to flow into the market. Except there isn’t.
For much of November and early December (recall "Stocks are Overbought And Frothy" Warns Wall Street's Most Accurate Analyst"), Morgan Stanley's chief US equity strategist, Michael Wilson, repeatedly warned that stocks are poised for an (at least) 10% correction around year-end...