Precious metals are apparently waking up. And here is where you can find the best deals.
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The U.S. is recording at least 188,167 new Covid-19 cases and at least 2,257 virus-related deaths each day, based on a seven-day average using JHU data.
Investors need to be prepared for the FIREWORKS that are coming in 2021. In my last video update for 2020, I provide charts, graphics, and indicators that point to a major market correction early in 2021. However, this won't be the BIG ONE. That will likely take place later in 2021 or 2022...
Conditions are ripe for commodity prices to zoom higher in 2021, according to Wall Street analysts.
Dec 30, 2020 - 12:14:35 PST
The question of just how much fiscal stimulus and COVID-19 relief payments are needed right now in order to prevent the U.S. economy from going off a cliff requires a recognition of what we do not know about the actual fragility of the U.S. economy over the next 12 months and the current fragility of the financial system of the United States.
Larry Summers Reminds Us That Federal "Stimulus" Mostly Exists to Help Wall StreetDec 30, 2020 - 12:05:32 PST
And it must never be forgotten that the severity of the current crisis was made far worse by policies that Summers and his fellows supported: lockdowns of businesses, stay-at-home orders, and monetary policies that favor wealthy borrowers over middle-class savers. This crisis is largely of their making. But should Summers' victims get a bailout? Well, that's just crazy talk in his view.
Millions of Cash Strapped Americans Ask Mnuchin Where Their ‘Shimmy’ Checks AreDec 30, 2020 - 11:41:50 PST
Mixed messages from banks and the U.S. Treasury Department have caused confusion and frustration for millions of struggling Americans waiting for the government to deposit stimulus payments into their bank accounts.
When the top 10%'s bubble pops in 2021, the loss of illusions/delusions of security and wealth will be shattering to all those who believed artifice and illusory "wealth" were real.
Due to the coronavirus pandemic’s decimation of the labor market and the months-long expiration of benefits from the government relief package keeping families afloat, the poverty rate in the United States surged from 9.3% in June to 11.7% in November
A $500 per month guaranteed income doesn’t reduce the cost of living. It acts as a substitute that draws attention away from the actual problem.
People who died this year may receive the $600 stimulus checks the government began issuing Tuesday, similar to a round of one-time payments made in the spring.
$2,000 Stimulus Checks Stall in the Senate As Treasury Starts to Send $600 PaymentsDec 30, 2020 - 10:20:50 PST
The Senate has no immediate plans to vote on a House-passed bill to increase the coronavirus relief stimulus checks to $2,000.
A short list that answers your questions about the epic battle to try to help millions of Americans facing eviction, bankruptcy and starvation.
The largest providers of debt were banks and thrifts; federal agency and government-sponsored enterprise portfolios and mortgage-backed securities (MBS)...
The U.S. government’s debt exceeded gross domestic product in the recent fiscal year. Another big addition to debt will come with the new $900 billion relief bill passed by Congress. Do we have too much debt, so much that it will prevent future economic growth?
This story of France circa the 18th century is not a forecast but a simple reminder of what has repeatedly happened in the past.
With a new fiscal package to support the U.S. economy through the winter and the prospect of households unleashing substantial pent-up demand in 2021, the set up for faster inflation is better than it has been for decades.
The Most Splendid Housing Bubbles in America: December Update on House Price Inflation Gone WildDec 30, 2020 - 08:21:27 PST
The dollar lost purchasing power with regards to houses at the fastest rate in six years.
Pending Home Sales Tumble For 3rd Month In A Row As Affordability PlummetsDec 30, 2020 - 08:15:42 PST
While new- and existing-home sales fell in November, analysts expected pending-home-sales to stabilize unchanged (after falling 1.1% in October) but instead it tumbled 2.6% MoM - its third monthly decline in a row.
I remember that in 2009 three messages were constantly repeated: “In this crisis measures are different, because governments are investing in the recovery by increasing public spending,”
Activity in several of the world’s largest advanced economies plummeted over the Christmas holidays, according to Bloomberg Economics gauges that integrate data such as mobility, energy consumption and public transport usage.