Precious metals are apparently waking up. And here is where you can find the best deals.
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Banks are now lending more to the government than to businesses/households. There is only one solution to this wall of debt… That‘s monetary debasement.
While Household Income Falls, Central Bankers Are Pushing for Higher PricesNov 18, 2020 - 05:25:46 PST
Central banks continue to be obsessed with inflation.
The personal luxury goods market, which includes clothes and jewelry, is expected to contract this year for the first time since 2009.
Foreign Holdings in the $Trillions of U.S. Treasuries Fall for 2nd Month in SeptemberNov 18, 2020 - 05:11:54 PST
Foreign holdings of U.S. Treasuries fell for a second straight month in September, data from the U.S. Treasury Department showed on Tuesday, as China's holdings fell to the lowest level since February 2017. Foreign investors held $7.071 trillion in U.S. Treasuries in September, down from $7.083 trillion the previous month.
Physical silver investment is expected to surge by 27% this year, according to the latest data released by the Silver Institute.Demand for investment silver is projected to come in at 236.8 million ounces in 2020. That would mark a 5-year high.
"At present, the world is caught between the most serious pandemic in the past century and momentous changes never seen in the last one hundred years."
The EU’s historic plan to prop up its economy has suffered a “big setback” after Hungary and Poland vetoed the deal.
Bitcoin is now creeping up toward the all-time high it posted in a late 2017 rally that saw the values of several cryptocurrencies surge.
As many parts of the (so-called) developed world enter second lockdowns, and people line up for miles in their cars seeking food handouts in Texas, the less developed nations are busily discovering Cvoid-19 treatments that actually work.
The coronavirus has infected more than 55.12 million people globally as of Tuesday, killing at least 1.32 million people so far.
Stocks continue to surge upward thanks to optimism about a coronavirus vaccine. Of course, stocks have been on a bull run ever since their big March drop at the beginning of the pandemic. This led Peter Schiff asks a poignant question during his podcast: if COVID-19 didn't hurt the stock market, why should a vaccine help?
Silver Market Getting Primed For Another Massive Buying Wave As Silver Eagle Sales Surge Higher In NovemberNovember 18, 2020
The Silver Market is just one step away from another MASSIVE BUYING WAVE and is just waiting for the next leg to drop in the global economy and financial system to do so. With silver investment demand to account for nearly 75% of the global mine supply this year, if...
MAG Silver is one of the very few high-grade silver projects that will reach commercial production by the end of 2021. MAG Silver is anticipating annual production of 12 million oz per year over the twelve-year period, but will produce approximately 17 million per annum for the first five years...
Fed Chair Powell Doubled Down Again Today on His Remarks That the Economy as We Know It Is OverNov 17, 2020 - 13:21:06 PST
"We're not going back to the same economy, we're going back to a different economy," Powell said, echoing comments he made at the European Central Bank's Forum on Central Banking last week.
SoftBank CEO Warns Of "Lehman Like-Crisis" That Could Crash Global EconomyNov 17, 2020 - 12:44:52 PST
"In the short run, I’m pessimistic..."
Shelton Fed Nomination Fails Key Senate Procedure Vote, Likely Ending Her ChancesNov 17, 2020 - 12:42:27 PST
Judy Shelton’s controversial nomination to the Federal Reserve suffered a possibly fatal blow Tuesday in a key procedural vote in the Senate.
Negative Rate Risk, QE Overload May Push Central Banks Towards Yield CapsNov 17, 2020 - 12:39:40 PST
Central banks are delving further into their tool kits to help economies recover from the coronavirus - cue yield curve control, a form of pinning down borrowing costs that more countries might need to embrace in the months and years ahead.
$14.35 Trillion: U.S. Household Debt Rises Above Pre Pandemic Levels Due to MortgagesNov 17, 2020 - 12:28:29 PST
Total household debt increased by $87 billion to $14.35 trillion in the three months ending Sept. 30, the New York Fed’s Quarterly Report on Household Debt and Credit found.
All of these trends were caused by the push and pull of social mood, not by the pandemic. To conventional analysts, though, all of these trends have been caused by the pandemic and particularly the response from governments and central banks.
Nov 17, 2020 - 11:50:01 PST
From the point of view of the European Central Bank (ECB), the latest advances in vaccine development have initially not fundamentally changed the economic outlook for the euro zone. “I’m not sure if this will be a big game changer for our forecasts,” said President Christine Lagarde on Tuesday ...