Precious metals are apparently waking up. And here is where you can find the best deals.
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This article discussed the quantitative monetary response to COVID-19 with a special focus on U.S., Euroarea and Japan.
The number of Americans filing first-time claims for unemployment benefits unexpectedly fell last week, though remaining elevated as more businesses face restrictions and consumers hunker down amid an explosion of new COVID-19 cases.
As the pandemic devastated large swaths of the economy, it delivered a once-in-a-generation windfall to those who buy, sell, borrow, lend and speculate in the world of high finance. Bank traders, dealmakers, hedge funds and even lenders are counting their profits after the tumult of 2020.
Tucked away in the 5,593-page spending bill that Congress rushed through on Monday night is a provision that some tax experts call a $200 billion giveaway to the rich.
In October, I discuss how the “2nd Derivative Effect” would mute the impact of future stimulus programs. With the passage of the $900 billion stimulus package, we can update the estimates for the economic impact heading into 2021.C
Dec 23, 2020 - 10:03:34 PST
Jim Rickards talks about a great escape from the U.S. dollar in 2021 and a massive influx of money that will flow into gold and bitcoin. "People are getting in gold and bitcoin because they want to get out of the dollar,"...
What happens when America finally admits its middle class is a phantom of feel-good fantasy? We may well find out in the next four years.
Millions of Americans Receiving Unemployment Aid Could Face Surprise Tax BillDec 23, 2020 - 09:45:15 PST
That's because unemployment benefits, including the extra money distributed through federal aid programs, count as taxable income.
New Jersey Is Latest State to Join Supreme Court Battle over Income Taxes on Remote WorkersDec 23, 2020 - 09:34:50 PST
New Jersey, Connecticut, Hawaii and Iowa filed a brief in a U.S. Supreme Court case that could determine the ability to tax non-residents' income.
Dec 23, 2020 - 09:19:42 PST
Government surveillance doesn't just violate privacy rights; it’s a major security risk.
The main reason for the weakness of the dollar is just that America is shipping a lot of money overseas to pay for goods and services from abroad. Meanwhile, the coronavirus has cratered demand from foreigners for everything from aircraft to American vacations.
This Billionaire Warns That America’s Massive Wealth Gap Could Lead to ConflictDec 23, 2020 - 08:39:15 PST
Nearly 8 million Americans have joined the ranks of the poor since June, according to researchers from the University of Chicago and University of Notre Dame. More than 27 million adults were in households that "sometimes or often" experienced a lack of enough food to eat within the last seven days, according to a Census survey.
Nadeen Bender stood outside her home, a tattered two-man tent, surrounded by the re-purposed Amazon Prime boxes she uses to store her life's belongings. One by one, she checked the cartons to make sure nothing had been stolen in the night.
New home sales collapsed in November, plunging by 11% MoM, its second biggest monthly drop since 2015 (..
Dec 23, 2020 - 07:29:49 PST
What do the world’s largest pink diamond, a 17th century Stradivarius violin and a gold sculpture of the Buddha from the Yuan dynasty have in common? Aside from being highly valuable objects both in artistic and monetary terms, they all share an unlikely owner: a central bank (respectively those of Iran, Austria and Italy).
Dec 23, 2020 - 07:25:23 PST
George Gammon Explains the Demise of the Dollar against everything else,
Investors are counting on a weakening dollar to boost rallies in everything from U.S. stocks to emerging markets and industrial metals in 2021.
As part of the new $910 billion COVID relief package, the U.S. government will allocate $82 billion of federal funds to education. Of that, K-12 grants total $54 billion, plus $4 billion marked for Governor's Emergency Education Relief Fund, which state chief executives can spend at their discretion.
Housing Market Goes Crazy, Everyone Sees It Can’t Last, and then the First Dip AppearsDec 23, 2020 - 07:20:39 PST
There is already a sudden and historic housing glut in San Francisco.
The October 2020 survey shows most credit application and acceptance rates falling sharply with the onset of the coronavirus pandemic.