Precious metals are apparently waking up. And here is where you can find the best deals.
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The central banks should avoid talking about the exchange rate and focus on low inflation at its Dec. 10 meeting and avoid cutting the already-negative deposit rate.
The dollar is steadily moving down the pack of the world’s currencies in December. The euro, the Australian and Canadian dollars, and the Korean won have all touched their highest levels in more than two years this week, while the Swiss franc is at its strongest since 2015...
The money supply continues to grow at a torrid rate.Based on the "true" or Rothbard-Salerno money supply measure (TMS), the money supply grew by 37.08% year-on-year in October. That was down just slightly from September's record rate of 37.54%.
Los Angeles Mayor Orders Residents to Stay Home to Avert a ‘Dreaded Scenario’Dec 3, 2020 - 04:59:55 PST
The mayor of Los Angeles warned the city was nearing "a devastating tipping point" and ordered residents to stay in their homes and avoid social gatherings.
There’s a Proposal to Pay a Universal Social Security Benefits at a Flat RateDec 3, 2020 - 04:50:31 PST
Experts argue that leveling out Social Security benefits would ultimately provide more for people who live below the poverty line.
The Coronavirus Pandemic Has Accelerating the Shift From Cash to Digital OptionsDec 3, 2020 - 04:37:26 PST
The unprecedented surge in demand for contactless payment has led to outstanding performances for major companies offering cashless methods.
U.S. Treasury yields slumped on Thursday morning, as traders awaited news on congressional negotiations over a coronavirus stimulus package.
The coronavirus has infected more than 64.3 million people globally as of Wednesday, killing at least 1.48 million people so far.
As the U.S.'s underlying economic conditions continue to deteriorate, watch for a major disruption in the market to occur in 2021. Millions of Americans may lose their emergency unemployment benefits while a record number faces eviction notices at the beginning of the year. While the Federal government...
Vaccines. Health passports. Massive stimulus. Where is all this headed? Join Mike Maloney, Jeff Christian and Chris Martenson as they discuss the latest news and connect quite a few dots that you may not have yet noticed.
Gold Posts a Second Straight Gain, Buoyed by Hopes for Another U.S. Fiscal Stimulus Package: MWDec 2, 2020 - 13:03:59 PST
Gold futures ended higher for second straight session on Wednesday, with bullion buoyed by the revival of talks on a new U.S. coronavirus relief package, even as a rise in Treasury yields looks to offset the metal’s price gains.
when you start to put together the pieces that are calling for higher gold prices, which I have talked about here and here, it becomes much more convincing that this recent weakness in gold is nothing more than a correction before rejoining its uptrend to higher prices.
The toxic side effects of the coronavirus pandemic will cause further damage to global pension systems, which are already struggling to cope with extremely low interest rates and mounting financial pressures, according to a new study.
The United States is still in a "very deep recession," according to New York Federal Reserve Bank President John Williams said on Wednesday. "We are still in a very deep recession. One ...
Dec 2, 2020 - 12:09:30 PST
Also a close-up of Washington DC’s back to work barometer shows the Covid-crash in March and the slow non-recovery to today.
Mnuchin said he didn’t think FNMA, FMCC should be let out from conservatorship without appropriate capital. “I would certainly like to see the GSEs return to private hands over time,” Powell said “with a lot of private capital behind it”.... Yes Jerome, if there were that much private capital available, we wouldn’t be having this discussion in the first place.
About 76 million Americans expect someone in their household to suffer a drop in income over the next few weeks, in a holiday season marked by the pending expiration of government benefits as well as new pandemic-related restrictions...
Federal Reserve officials saw "little or no growth" in four of their 12 U.S. districts and only modest growth elsewhere in recent weeks amid a rapidly spreading health crisis and the impact of a recession that has devastated some businesses and families even as many others...
83% of Small Business Owners Support Another Round of Stimulus Relief From Washington: SurveyDec 2, 2020 - 10:51:24 PST
Only one Covid-19 economic stimulus idea receives more support among small business owners than among the general public: the Paycheck Protection Program.
McConnell, Schumer Far Apart on Unemployment Benefits, Stimulus ProposalsDec 2, 2020 - 10:23:11 PST
Democratic and Republican leaders in the Senate are at odds over the generosity of unemployment benefits, according to their recent stimulus proposals.