Precious metals are apparently waking up. And here is where you can find the best deals.
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On June 17, billionaire investor and co-founder of the Boston-based money manager GMO, Jeremy Grantham, sounded the alarm. During a CNBC interview with Wilfred Frost, Grantham warned that the U.S. stock market’s rebound amid the coronavirus pandemic is a bubble that will end up hurting many investors....
The Bank of England should be prepared to add monetary stimulus including negative interest rates to complete the economic recovery from the pandemic, according to policy maker Gertjan Vlieghe.
The Dollar buckled again Thursday after wading knee-deep into losses against all majors in moves that risk making it a global problem currency, sooner or later and once again, as upbeat investor sentiment and Federal Reserve (Fed) policy contribute to rout that has deep-seated economic problems as its foundations.
Ultra-low interest rates have fueled growing support for Modern Monetary Theory, which holds that governments can simply print money and ignore rising public debt levels without having to face the consequences. It is a neat and tempting argument, as long as one ignores history and common sense.
Janet Yellen's appointment to Treasury Secretary under Biden is no surprise. It was what the markets already suspected, an "arranged marriage" to the Fed.
I updated my economic forecast last month to include a recession in the first quarter of 2021, based on the reemergence of lockdowns. It was one of those forecasts I hoped I’d be wrong about.
Who Holds the $1.65 Trillion of Apartment Building Debt amid Eviction Bans and Plunging Occupancy Rates at High Rises?Dec 18, 2020 - 11:08:06 PST
You guessed it: For over half of it, taxpayers are on the hook. Time to take a look.
After Nine Months of Stagnation, Americans Call Slimmed Down $600 Stimulus Checks a ‘Disgrace’Dec 18, 2020 - 10:21:39 PST
Still, after nearly nine months of economic stagnation, millions of Americans are months behind on their housing payments and other bills. Many “wiped out their savings” or “took massive pay cuts and won’t be eligible for any sort of reimbursement for lost wages,”
As pandemic relief negotiations continue to stall in Congress, the latest major obstacle has emerged; a battle over the Fed's ability to channel tens of billions of dollars to state and local governments - a largely-unused provision in the Cares Act which expires on Dec. 31.
he U.S. Treasury market’s brush with disaster in March has reawakened calls to overhaul the underpinnings of the almost-$21 trillion cornerstone of the global economy and ease pressure on the Federal Reserve to step in with massive lifelines.
This devaluation of financial wealth--and its transformation to a dangerous liability-- will reach extremes equal to the current extremes of wealth-income inequality.
Have you heard about the guy who's spent five years in federal prison because he won't give up the location of about 500 gold coins he found in a historic shipwreck?Yes. Five years.How many years would you spend in prison for millions in gold?
Dec 18, 2020 - 08:35:46 PST
A new survey finds nearly eight in 10 Americans say 2020 caused an existential crisis for the country.
Individually and in organized groups, people are pushing back against lockdown orders.
America’s Small Businesses Are Being Decimated, They Need Support Not Double Standards and ShutdownsDec 18, 2020 - 08:06:17 PST
California restaurant owner's plea to local officials: 'We're going to die' from poverty, depression
Property investors are about to discover just how much the global fallout from the coronavirus pandemic has spread from deserted and cast-off buildings to their bottom lines.
Maybe the economic recovery is not as promising as what has been pitched by the government and Federal Reserve. Perhaps, a double-dip recession is ahead (read the end of the note).
As we've previously noted, the economic downturn ravaging the metro area will likely prevent the local economy from recovering quicker than the rest of the country.
This new low comes as the Federal Reserve said it would hold interest rates near zero amid a fragile economic recovery and as jobless claims increased again last week. Meanwhile, all eyes are on Congress, which has showed signs of progress on a new stimulus bill after months of stalled negotiations.
Senate Majority Leader Mitch McConnell (R-Ky.) vowed yet again late Thursday that the Senate would not leave without a deal on a spending package that will marry the coronavirus bill with a $1.4 trillion omnibus spending measure through September.