Precious metals are apparently waking up. And here is where you can find the best deals.
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The market advance since 1982 is a huge inflationary bubble that ultimately will be followed by a deflationary bear market decline, similar to if not worse than the Dow Jones saw in the depressing 1930s.
Stock Futures Rise After Markets Reach Record Highs and S&P 500 Tops 3,700Dec 9, 2020 - 05:10:09 PST
The S&P 500 and Nasdaq Composite closed at record levels on Tuesday.
“Our global growth numbers remain well above consensus because we think too many forecasters are extrapolating too much from past cycles,” Hatzius writes. (Emphasis added.)
Mortgage Rates Set 14th Record Low of the Year, Driving Even More Refinance DemandDec 9, 2020 - 04:57:18 PST
“In other words, lenders raise rates (or simply abstain from dropping rates) when they’re as busy as they want to be, and they drop rates very gradually when they are ready to handle more business.”
Here today we review various cat videos and mascara tips. Just kidding. I review the most circumstances around the recent video which was censored by Youtube. But I can't say anything more than that because, you know, freedom. Or whatever.
WHO, World Bank, Scientists: COVID19 Relief and Climate Change Fixes Must Align or Both Will FailDec 9, 2020 - 04:51:26 PST
"With the loss of life from the pandemic and from climate change measured in the hundreds of thousands, the potential economic costs measured in the trillions, and the broader consequences expected to continue for years to come,
The coronavirus has infected more than 67.76 million people globally as of Tuesday, killing at least 1.54 million people so far.
With the broader markets now primed for a correction, the copper market is flashing a BLINKING RED LIGHT. Currently, the copper price sentiment is the highest compared to all other commodities, stocks, and indexes. Typically, when an asset reaches a high "optimistic" level, a reversal is close at hand...
Since late last year, when Deutsche Bank was on the verge of bankruptcy, the company has instituted a strict austerity program of cutting costs and employees. On October 21st, Deutsche Bank announced plans to cut 28,000 employees worldwide due to the financial crisis caused by the pandemic. However, Deutsche Bank...
Is Bitcoin Diverting Capital From the Gold & Silver Markets? Mike MaloneyDec 8, 2020 - 14:21:44 PST
Is Bitcoin diverting capital away from the gold and silver markets? Why does Mike own cryptocurrencies, and when did he start buying them? Why does Mike believe that anyone who owns only cryptos is in a ‘fragile’ position? How do you become ‘anti-fragile’? Join Mike Maloney and Jeff Clark as they discuss these questions and more in today’s update.
Cook: What is the reason for the extreme price volatility in the silver market?
Butler: We're reaching the end of the line, in terms of the final resolution and the train is shaking so much, it looks to be coming off the tracks...
Gold rose to a two-week peak on Tuesday, buoyed by growing expectations of more U.S. fiscal stimulus to combat the economic impact of rising coronavirus cases, while a muted dollar added further support.
Add it all up and today’s world has emphatically stopped looking deflationary or even disinflationary. Price increases have morphed from isolated to wide-spread...
Twitter CEO Jack Dorsey Donates $15 Million to Help Cities Provide Guaranteed Income to ResidentsDec 8, 2020 - 11:48:19 PST
“I hope they inform federal policy in the future,” Dorsey tweeted of the universal basic income pilots.
“We’ve set ourselves up for some very real severe weakness in the labor market going forward,” says Erica L. Groshen, former head of the Bureau of Labor Statistics and current Cornell University professor.
More than 42 Million Student Loan Borrowers Don’t Have to Resume Payments Until FebruaryDec 8, 2020 - 11:30:44 PST
The U.S. Department of Education extended the pause on student loan payments through January 2021, given millions of borrowers another month of relief.
Stimulus Checks, Liability Are Among the Sticking Points in Last Minute COVID Relief DealDec 8, 2020 - 10:28:45 PST
Congress is rushing to extend government funding and pass coronavirus relief before unemployment and eviction moratorium provisions expire.
Bank Of America Flags $2 Billion In Potential Unemployment Fraud Spanning 640,000 AccountsDec 8, 2020 - 10:25:55 PST
'It's like they opened up a bag of cash in the middle of a tornado...'
Global debt is expected to soar to a record $277 trillion by the end of the year, according to the Institute of International Finance. Developed markets’ total debt—government, corporate, and households—jumped to 432 percent of GDP in the third quarter.
Some Federal Reserve officials are calling for tougher banking regulations in order to prevent the Fed’s low interest rate policy from leading investors to take “excessive” risks that will create asset bubbles. The Fed is understandably worried that these bubbles will burst leading to another market meltdown.