Precious metals are apparently waking up. And here is where you can find the best deals.
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Spending didn’t speed the last recovery, but Biden’s team is keen to keep the money flowing endlessly.
Many Americans are set to receive $600 checks from Washington, not the $2,000 payments many were pushing for. It's important to remember, however, that direct payments are not fiscal stimulus. If they were, why stop at $600 or $2,000?
"Like many others, I am concerned about the sovereign debt market in the wake of Covid-19. But providing more funds to governments committed to maintaining an unsustainable course is not a solution. These countries need serious institutional reforms."
Chicago Federal Reserve President Charles Evans on Monday had a message for markets: vaccines may bring the coronavirus pandemic under control this year, but the U.S. central bank is nowhere close to ending its super-easy monetary policy.
Jan 4, 2021 - 09:22:06 PST
Following the stock market crash in 1929, more than 9,000 banks in the United States failed over the next four years. In just the one year of 1933, more than 4,000 banks closed their doors permanently as a result of insolvency.
Even if they do not trigger high inflation, the Fed’s extraordinary interventions will come with steep price tags. No doubt these would be far lower than the Fed not having acted at all — particularly in the short term. Had it foregone the more than $3tn expansion to its balance sheet since last March, the US economy would have gone into freefall.
It is important for the Federal Reserve to maintain easy monetary policy until inflation rises to around a 2.5% annual rate said Chicago Fed President Charles Evans on Monday
It is important for the Federal Reserve to maintain easy monetary policy until inflation rises to around a 2.5% annual rate said Chicago Fed President Charles Evans on Monday
One of the dishes at the banquet of consequences that will surprise a great many revelers is the systemic failure of the Federal Reserve's one-size-fits-all "solution" to every spot of bother: print another trillion dollars and give it to rapacious financiers and corporations.
During the Financial Crisis, consumers deleveraged by walking away from their debts. And now, with 20 million people still claiming unemployment insurance? (transcript of my podcast)
The Federal Reserve quietly announced on December 17, 2020 that it is redefining the M1 and M2 Money Supply Measures (H.6 Release) by shifting the savings deposits component into M1 from M2. M1 is supposed to measure “demand money”
Biggest monetary experiment in economic history: Combined balance sheet of G10 CenBanks has topped 50% of G10 GDP due to unprecedented CenBank asset purchases in 2010. The question is, at what level does confidence in the power of central banks start to wane? (Chart via Goldman)
Dow Slides More than 200 Points After Hitting a Record High to Start the New YearJan 4, 2021 - 07:28:41 PST
Unprecedented fiscal and monetary support for the economy — coupled with the development and rollout of multiple Covid-19 vaccines — helped the market recover from its massive drop to trade back at all-time highs.
Gold, Silver Still Have ‘A Lot of Potential’ for Upside After a Record Year, Chart Analyst SaysJan 4, 2021 - 07:23:38 PST
January 2, 2021: Gold and silver prices could be headed for new heights in 2021 after their best years since 2010, says Miller Tabak's Matt Maley.
Stocks and Bitcoin Are Massive bubbles,’Probably Not Going to Burst Any Time Soon: Rosenberg WarnsJan 4, 2021 - 07:10:53 PST
“What’s holding the boot together is basically zero interest rates. As long as rates remain where they are, unless we have a real dramatic pullback in economic activity, this bubble that we’re in is probably not going to burst any time soon,” he said. “We have to understand though we are investing in a bubble.”
Despite Lockdowns, December Manufacturing PMI Revised To Highest Since 2014Jan 4, 2021 - 07:04:01 PST
Despite plunging 'hard' economic data and viral lockdowns across the nation, December's preliminary tumble in Manufacturing PMI has been (rather stunningly) revised to a further improvement.
The year 2020 will not go down as a banner year, but it was fantastic for gold and silver. Both metals charted their best years since 2010.On New Year’s ever 2019, gold was trading at $1520.90. It closed the year at $1892.90 for a 24.5% gain.
Gold surged above $1,900 an ounce as lower U.S. real yields and a weaker dollar helped the precious metal build on its biggest annual advance in a decade. Bullion climbed to the highest level in almost two months after renewed declines in real yields boosted gold’s allure.
In a world where the Federal Reseve is considered by many to BE the market, what is the Fed most likely to do from here? Two great Fed watchers predict.