Precious metals are apparently waking up. And here is where you can find the best deals.
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Dec 9, 2020 - 12:50:54 PST
Turbocharging the rise in the silver price in 2021, even relative to gold, is the rapidly rising demand for silver in industrial applications, especially those driving the green transformation such as photovoltaic cells used in solar panel production. In fact, a real silver supply crunch is on the cards in 2021
Ray Dalio stressed the importance of diversification in a Reddit Ask Me Anything event on Tuesday where he said that a "flood of money and credit" was unlikely to recede.
A Lot Is Riding on Fed Chair Powell’s Relationship with Yellen, Possibly Even His JobDec 9, 2020 - 12:39:01 PST
“The decision is likely to be influenced heavily by how Treasury Secretary Janet Yellen (a former Fed Chair herself) gets along with Powell,” Komal Sri-Kumar, market strategist and president of Sri-Kumar Global Strategies, wrote in an email.
Dec 9, 2020 - 12:31:15 PST
The highest-paid workers in the country have seen their wages climb far more rapidly than the vast majority of Americans.
Toll Brothers Says Housing Market "Strongest In 30 Years" As Wealthy Buy McMansions In SuburbsDec 9, 2020 - 12:18:02 PST
Million-Dollar Homebuying Soars With U.S. Rich on Shopping Binge
The incontestable incompetence of the USSA's monopolies, institutions and agencies is about to take center stage in 2021. The sociology of collapse will be followed by a not-be-missed banquet of consequences.
According to the projections of the WEF’s “Global Future Councils,” private property and privacy will be abolished during the next decade. The coming expropriation would go further than even the communist demand to abolish the property of production goods but leave space for private possessions. The WEF projection says that consumer goods, too, would be no longer private property.
Usually, actions can be easily categorized as voluntary or coerced. You choose where you work. You are coerced into paying taxes. However, long-standing concepts such as “wage slavery” challenge this simple classification.
A brief gap would cause significant economic damage, and the inaction in Congress is causing increased anxiety for the most vulnerable Americans at a time of record coronavirus cases, hospitalizations and deaths.
COVID Relief Talks Hit Another Wall As Congress Runs Short on Time to Send HelpDec 9, 2020 - 11:20:12 PST
Congress is struggling to reach a coronavirus relief deal as liability protections, state and local aid, and stimulus checks divide lawmakers.
Delta CEO Asks Employees to Take More Unpaid Leave in 2021 As Industry Continues to StruggleDec 9, 2020 - 11:13:25 PST
Delta's CEO is asking for more volunteers to take unpaid leave next year with a recovery still months away.
Next Stimulus Package May Include Eviction Moratorium and $25 Billion in Rental AssistanceDec 9, 2020 - 11:07:18 PST
In a summary of bipartisan legislation circulated on Wednesday, lawmakers included an eviction ban until February and $25 billion in rental assistance.
The Housing Market Could Suffer If Congress Doesn’t Pass a New Stimulus Package Soon: MWDec 9, 2020 - 10:58:18 PST
The home-buying market has remained a bright spot for the U.S. economy throughout most of the coronavirus pandemic. But inaction on the part of Congress to support Americans struggling this winter could hamper the market, according to a new report from Fitch Ratings.
The U.S. is in danger of losing its dominant leadership position in global financial services.
China’s consumer spending turned negative for the first time in 11 years in November, raising the risk of further mild deflation in the world’s No 2 economy.
Dec 9, 2020 - 09:14:31 PST
Amid all the uncertainty about the world that will follow the pandemic, one thing is almost sure to be true: tensions between the United States and China will be even sharper than they were before the coronavirus outbreak...
Put simply: the data suggest China has overbought crude to put in storage, and in the year-to-October, China has stored on average 1.6 mb/d, or a staggering 488 mbbls of crude.
Fitch Says Upgrades of Major Economies Unlikely in 2021 Despite COVID19 VaccineDec 9, 2020 - 08:38:04 PST
Fitch Ratings told Reuters on Tuesday that upgrades of any major economy are unlikely in 2021 despite recent developments related to COVID-19 vaccination, and that countries in Latin America, the Middle East and Africa show the highest level of vulnerability to further negative...
Stock Investors Expecting ‘Constant Bailout’ from the Fed May Be Disappointed in 2021: BofADec 9, 2020 - 08:34:16 PST
Bank of America's Savita Subramanian told CNBC on Tuesday it's unlikely the US will see a "really strong" fiscal stimulus package next year due to gridlock in Washington
Follows EU leaders doubling-down on threats to go it alone as pressure mounted...