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$600 Stimulus Payments Started Going Out Tuesday Night, Treasury Secretary Mnuchin SaysDec 30, 2020 - 04:57:13 PST
The deposits start as some senators try to pass a bill that would increase stimulus checks in the year-end coronavirus relief package to $2,000.
The U.S. is recording at least 180,905 new Covid-19 cases and at least 2,210 virus-related deaths each day, based on a seven-day average of JHU data.
As capital seeks to redeploy towards the highest growth and lowest valuation opportunities, we expect analytically minded investors will soon be rotating, if not stampeding, out of expensive deflation-era growth equities and fixed income securities and into cheap hard assets, creating a reversal in the 30-year declining trend of money velocity.
The year might be winding down but the drama isn’t over yet in gold, with investors either buckling down for a wild ride in recent days or just staying put for what is to come. Tuesday was the latter.
This year's silver news will create opportunities for silver in 2021 including a greater role in anti-bacterial uses, solar power and the surge in 5G.
Dec 29, 2020 - 12:14:30 PST
Renowned investor Jim Rogers: I will buy more gold, I will especially buy silver because silver is down 50% or 60% from its all time high.”
Gold sales in Thailand are surging as households reach for a financial lifeline amid the pandemic, a tactic that risks complicating government efforts to tame an export-stifling rally in the nation’s currency.
In the Time Machine, society one million years in the future has evolved into two separate species called Morlocks and Eloi. The Morlocks represent the…
As the year draws to a close, most financial market players like to project themselves forward and attempt to figure out what challenges, or surprises, the upcoming year may have in store. The aim of this piece is to do precisely the opposite: instead of looking forward, I propose to look backwards at the important changes of the past year.
So party on, because "the worst year ever" is ending and the rebound of financial markets, already the greatest in recorded history, will only become more fabulous.
Defined-benefit pension plans were already barely treading water heading into 2020. In the years ahead, the risk is as great as ever that a large swath of them will drown.
The U.S. Federal Reserve's response to the coronavirus pandemic began on Feb. 28 with a 44-word statement of faith in the economy from Chair Jerome Powell, an old-school measure aimed at calming nosediving financial markets.
McConnell Blocks Schumer’s Bid to Unanimously Pass $2,000 Stimulus ChecksDec 29, 2020 - 10:23:09 PST
Senate Majority Leader Mitch McConnell blocked Senate Minority Leader Chuck Schumer's bid to unanimously pass $2,000 stimulus checks.
This year has been a slow-motion train wreck on many levels.
Introduction There has been a lot of talk about central bank digital currency (CBDC) recently, as central bankers around the world are discussing the possibility of launching their own CBDCs.
The German inflation of 1914–1923 had an inconspicuous beginning, a creeping rate of one to two percent, writes Hans Sennholz. On the first day of the war, the German Reichsbank, like the other central banks of the belligerent powers, suspended redeemability of its notes in order to prevent a run on its gold reserves.
The Federal Reserve on Tuesday said it would extend the termination date of its “Main Street” lending program to Jan. 8 to give the central bank more time to process a flurry of loan requests at the end of the year.
Janet Yellen, poised to become U.S. Treasury secretary, will be focused on preventing the collapse of the fragile economic recovery. Her first order of business will be making sure there are enough people at the department to help.
"I worry that this whopping $463 billion won’t do what’s needed, stimulate the economy or help workers get back to work," said Rep. Kevin Brady (R-TX) before the House vote, adding "It's hard to stimulate the economy that is locked down by local politicians."
President Trump’s veto threat came after many people complained that a 600 dollars one-time payment was insufficient, and that the payment could be higher if Congress cut spending on militarism, foreign aid, and corporate handouts.