Precious metals are apparently waking up. And here is where you can find the best deals.
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History shows us how money dies. Yes, it can happen here. Only a fool thinks otherwise.
Between the Federal Reserve, Congress, and covid, navigating the business cycle is equivalent to sneaking through a house of mirrors. The stock market is making new highs as unemployment rates do the same. Thousands line up for free food and soon will do the same to be vaccinated.
The federal ban on evictions expires in January. For millions that's when huge problems start.
No Wonder the Cry Babies on Wall Street are clamoring for more. Five SPVs, already on ice, will expire on December 31.
he European Central Bank made a stark admission last week as it announced a fresh round of policy measures -- even three years from now, it’ll still be well short of its inflation goal of just-under 2%.President Christine Lagarde’s announcement of a 500 billion-euro ($606 billion), nine-month extension of the pandemic bond program...
Some 21 years on from its launch in 1999, the euro should have found its feet by now as a credible reserve currency to challenge the dominance of the
Federal Reserve officials this week will link the future of asset purchases to measures of employment and inflation without taking any immediate action to alter the pace or composition of bond buying, according to economists surveyed by Bloomberg News
G10 Central Banks to Inject $2.8 Trillion of Liquidity in 2021: Morgan StanleyDec 14, 2020 - 05:45:48 PST
"The US dollar has further to fall against a host of G10 and emerging market currencies next year, and the safest investment of all – US Treasuries – will struggle to make ends meet," the investment bank said.
...the dollar is Microsoft... the renminbi is Apple.
In about two weeks, at least 9 million jobless U.S. residents are at risk of losing the unemployment benefits that have helped sustain them through the pandemic. Delayed rent, estimated at $70 billion spread among perhaps 11 million families, will start coming due.
Dec 14, 2020 - 05:34:08 PST
A $908 billion bipartisan COVID-19 relief plan set to be introduced in the U.S. Congress as early as Monday will be split into two packages in a bid to win approval, a person briefed on the matter said.
The unrelenting pace of inflows heading for China’s bonds and stocks has one yuan bull predicting the currency could strengthen to a level not seen in nearly three decades.
American’s trust in the federal government in handling major problems has fallen nearly to all-time lows, according to Gallup.
Getting Covid Vaccines to People Will Cost States Billions They Don’t Have: WSJDec 14, 2020 - 05:21:25 PST
State leaders say they are short billions of dollars in funding needed to successfully provide Covid-19 vaccinations to all Americans who want to be inoculated by health officials’ June goal.
The Federal Reserve is set to issue new guidelines extending its emergency bond buying program, as it grapples with the need for another monetary boost to support the U.S. economic recovery. At this week’s meeting, U.S. central bankers are expected to broadly endorse language that says the $ 120 billion a month in debt purchases…
Texas Governor Says Companies Moving Headquarters to the State Has Turned into a ‘Tidal Wave’Dec 14, 2020 - 05:10:20 PST
"They are looking for a state that gives them the independence, the autonomy and the freedom to chart their own course," Texas Gov. Greg Abbott told CNBC.
With US inflation running at 1.2 per cent, it might seem a moot point in the near term. But Fed acceptance of a more inflationary world has intensified a debate in the markets. How long will the central bank continue its extraordinary run of bond buying to keep interest rates down and support the economy in an effort to push inflation higher?
Dec 14, 2020 - 05:00:45 PST
The numbers are so huge as to be numbing; nothing remotely normal about any of this. Total Non-Financial Debt (NFD) expanded $737 billion during Q3 to a record $60.113 TN. Through the first three quarters of 2020, NFD surged an unprecedented $5.740 TN, or 14.1% annualized.
Collectively, U.S. Student Loan Borrowers Owe a Total of $1.7 Trillion in Student DebtDec 14, 2020 - 04:56:03 PST
Consumers age 62 and older have the lightest student loan burden, followed by those age 24 and younger. Here are the average student loan balances per borrower by age.
Google appears to be suffering a worldwide outage that has taken several services including YouTube, Gmail and Google Drive offline.