Precious metals are apparently waking up. And here is where you can find the best deals.
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Governor Tiff Macklem brushed off accusations the Bank of Canada is financing Justin Trudeau’s deficits and fueling inflation risks, even as he acknowledged there are limits to how much government debt it can buy.In parliamentary testimony on Thursday...
ECB’s Lane Warns Against Tolerating Low Inflation as More Stimulus LoomsNov 27, 2020 - 07:49:05 PST
The European Central Bank's chief economist warned on Thursday that accepting "a longer phase of even lower inflation" would hurt consumption and investment as well as cementing expectations for low price growth in the future.
(Bloomberg) -- Sweden’s central bank surprised markets with a bigger-than-expected expansion of its asset purchase program, and said there’s room to deliver more stimulus between scheduled meetings.
The euro-area economy is seeing initial signs of strained financing conditions, European Central Bank chief economist Philip Lane said in remarks just two weeks before policy makers meet to reset their monetary stimulus.
The International Monetary Fund’s October acknowledgment of the case for temporary debt monetization in Asia marked yet another example of how the pandemic has upended economic orthodoxy.
Since the financial crisis, monetary policies were used to prevent a debilitating decline in economic growth.Yet inflation remains quiescent.
Well, it's another Black Friday and I didn't go shopping.That's my tradition.
In the Financial Times from November 2, 2020, the International Monetary Fund chief economist Gita Gopinath suggested that world economies at present are likely to be in a global liquidity trap.
Stimulus & extra UI dried up. But 16% of “proprietors’ income” in October was PPP money & Pandemic farm aid.
Congress is on a week long holiday as unemployment claims rise.
The Dow Jones cracked 30,000 this week and stocks continue to surge generally upward as investors are embracing risk-on sentiment based on high hopes a vaccine may put an end to the coronavirus pandemic. But there's more to it than that. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey takes a deeper look at what's really driving this market mania, and he also takes down the myth that printing more money means more wealth.
In 2008 central banks saved capitalism by completely undermining it. The challenge is to restore it...
A record number of people have appeared at food banks and the Federal Reserve is being more pessimistic on ...
Economic confidence in the euro area fell sharply in November, the first deterioration in seven months, after governments imposed new restrictions to halt the spread of the coronavirus.A European Commission sentiment index dropped to 87.6 from 91.1 the previous month,...
“Looking at gold right now, it is still bearish in the short-term and might go down further, but in the longer-term it can’t look any better given the ultra low interest rates and prospects of more stimulus in the economy.”
The dollar fell on Friday, close to its lowest in three months and on track for a weekly loss against a basket of currencies, as markets continued their rally on vaccine progress and hopes for a global economic recovery.
Bitcoin Plunges by Nearly $3,000 After Closing In on Its All Time RecordNov 27, 2020 - 05:11:29 PST
Bitcoin has plunged by close to $3,000 in less than 24 hours after hitting highs not seen since the end of 2017.
China’s Central Bank Could Intervene After ‘Glaring’ State Firm Bond Defaults, Analyst SaysNov 27, 2020 - 05:06:26 PST
The PBOC previously warned that reliance on borrowing to make debt repayments by some large firms could present a risk to the entire economy.
Disney Increases Layoffs to 32,000 Workers as Coronavirus Batters Its Theme Park BusinessNov 27, 2020 - 05:04:51 PST
The majority of these layoffs will be from its parks, experiences and products division and include the 28,000 workers that the company previously announced.
The International Air Transport Association (IATA) announced Monday that it's "in the final development phase" of a "digital passport" mobile app that would receive COVID-19 test and vaccination certificates.