Precious metals are apparently waking up. And here is where you can find the best deals.
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The world’s stockpile of negative-yielding debt has swelled to a fresh record in a sign that demand for havens is just as intense as that for riskier assets.
The US Treasury market, supposed to be the supplier of the world’s risk-free assets, is facing a very educational 2021. As Mark Cabana, head of US rates strategy for BofA Securities, says: “There is going to be a train wreck at the front end of the [Treasury] curve next year. There is way too much cash chasing too little paper.”
Dec 11, 2020 - 05:24:44 PST
Hefty bills will come due in early 2021 for rent and utilities. Economists warn many unemployed families won’t be able to pay without more stimulus aid from Congress.
Almost 40% of Americans Plan to Spend Less This Holiday Season As the COVID Pandemic LingersDec 11, 2020 - 05:10:24 PST
The average American plans to spend just $886, down 10% from their planned spending last year, according to the CNBC All-America Economic Survey.
Dow Futures Sink More than 200 Points As Stimulus Deal Remains UnresolvedDec 11, 2020 - 05:00:37 PST
The House has passed a one-week federal spending extension to avoid a shutdown through Dec. 18 to buy more time to reach a stimulus agreement.
U.S. Treasury yields edged lower on Friday morning, as Congress continued to haggle over pandemic relief funding.
Dec 11, 2020 - 04:53:53 PST
Understanding the ways in which the media seeks to control the narrative and sway your opinions is explored by dismantling two recent shamefully crafted hit pieces that went after Dr. Kory and his Covid Critical Care Team.
The U.S. recorded more than 221,000 new cases and more than 3,100 deaths on Wednesday, according to JHU data.
What Was The Most Profitable Large-Midcap Gold Mining Company Q3 2020... Answer Might SurpriseDecember 11, 2020
With the gold price reaching a new high during the third quarter, the mining companies enjoyed record profits, even better than during the peak-period in 2011. Of the leading twelve large and midcap gold producers, I was quite surprised to find who was the most profitable in the group...
Jeff Clark wrote a fantastic article this week that inspired Mike Maloney so much, he wanted to make a video based around the concept. Join Jeff and Mike as they discuss their own personal experiences with financial planners.
A Decadelong Treasure Hunt in the Western US Captivated Thousands. Here’s Who Found ItDec 10, 2020 - 13:10:08 PST
Jack Stuef, a 32-year-old Michigan native, writer and med student, found the chest full of gold, jewelry and other valuables, beating out the thousands of other treasure hunters who searched over the years.
A family in England was weeding their garden when they unearthed a valuable treasure — a buried hoard of gold coins dating back to the 1400s, depicting English monarchs from Edward IV to Henry VIII.
Dec 10, 2020 - 12:12:38 PST
The U.S. Senate Banking Committee, the House Financial Services Committee, and the U.S. mainstream business media now thoroughly qualify as the dumb tourists snapping photos of the raging bull statue on Wall Street as the Wall Street banks loot the country for the second time in a decade.
Falling revenues combined with costly pandemic relief measures have increased global debt by $20 trillion since the third quarter of 2019. By the end of 2020, economists expect global debt to reach $277 trillion, or 365% of world GDP.
US Starts Off Fiscal 2021 With Largest Two Month Budget Deficit On RecordDec 10, 2020 - 11:58:40 PST
Putting the October and November number in context, it was the largest two-month deficit to the start of a fiscal year on record.
ventually, you end up with default, inflation, higher interest rates, higher taxes or all of the above. The U.S. will go broke. It’s not quite the rosy scenario that the MMT crowd would have you believe. Still, it may be coming soon.
House Adjourns Until Next Week As Deadline Looms and Millions of Americans Await COVID ReliefDec 10, 2020 - 10:52:48 PST
Congress is trying to pass a coronavirus stimulus plan by the end of the year, but appears to be making little progress toward a relief deal.
The surprise jump in jobless claims filings signals a weakening in the labor market that could drag on the economy into the first quarter.
Low inflation underpins today’s economic policy. It is not guaranteed to last...
Dec 10, 2020 - 09:45:29 PST
US marketable Treasury debt has increased by $4.2 trillion dollars thus far in 2020. This has driven US Treasury debt to $27.4 trillion. But nearly all the growth is coming among the marketable Treasury debt...while the demographically driven Intragovernmental (IG) debt (SS holdings, etc.) are in the process of rolling over.