Precious metals are apparently waking up. And here is where you can find the best deals.
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A Split From the U.S. Is ‘Very Positive’ for China in the Long Term, Venture Capitalist SaysNov 17, 2020 - 05:02:25 PST
A U.S.-China divorce has more advantages than drawbacks for the Asian giant's tech sector, said Jenny Zeng, managing partner at MSA Capital.
Amazon Starts Pharmacy Business With Online Prescription Fulfillment, Prime Members Free DeliveryNov 17, 2020 - 04:59:28 PST
Amazon has been quietly building out its pharmacy offering for several years after ramping up internal discussions in 2017 and acquiring PillPack in 2018.
U.S. ETF Market Tops $5 Trillion in Assets as Investors Stampede Into Stocks on Vaccine HopesNov 17, 2020 - 04:56:26 PST
The ETF industry in the U.S. surpassed $5 trillion in assets under management last week, a new record.
Coronavirus Live Updates: California Pulls an ‘Emergency Brake’ on ReopeningNov 17, 2020 - 04:50:51 PST
The coronavirus has infected more than 54.48 million people globally as of Monday, killing at least 1.31 million people so far.
Something quite amazing took place in the silver market during September. What was it? Let's just say that one of the largest consumers of silver in the world saw its purchases totally dry up while another market experienced continued strong demand. Actually, I was quite surprised by the record divergence...
The main factors are drastically increased government spending, leading to even more unsustainable US debt levels than currently; dovish monetary policy as the Fed continues to advocate “lower for longer” interest rates; and a sinking US dollar. Gold prices and the USD generally move in opposition to each other.
The Fed always does its job. So, just what is their job? And, how well do they perform? For the answer to the first question, one statement will suffice: The Fed’s job is to create money; at …
The cost of housing is rising everywhere, adding to affordability concerns as millions of Americans lose income during the…
"This Pandemic Was The Final Blow To Our Collective Notion Of Money As Something Real"Nov 16, 2020 - 12:15:01 PST
That’s what the inflationary 1970s did to the value of the US dollar. And today, after decades of policy intended to sustain slow but steady inflation, gold trades at $1,889.
The virus pandemic is threatening another lost decade, similar to the Great Recession of 2007-2009, or even the Great Depression of the 1930s, for America's working poor.
GDP is an important economic idea; it is often discussed in the media, it is seen in all kinds of textbooks, and spoken about by politicians. But what is GDP?
More than 300,000 New Yorkers have bailed from the Big Apple in the last eight months, new stats show. City residents filed 295,103 change of address requests from March 1 through Oct. 31, accordin…
Here's the view from 30,000 feet: 1. The stock market and the general zeitgeist of optimism have soared based on expectations that the real-world economy and efforts to suppress Covid would also track a V-shaped recovery.
"The Great Reset" Trends On Twitter After Justin Trudeau Says Pandemic Has Provided "Opportunity"Nov 16, 2020 - 11:52:23 PST
"...this is our chance to accelerate our pre-pandemic efforts to re-imagine economic systems that actually address global challenges like extreme poverty, inequality and climate change..."
In the race to pretend to debase, Europe’s central bank has pulled ahead of America’s. The ECB’s balance of digitally-printed bank reserves is rising fast while the Federal Reserve’s reserves plateaued months ago. For the first time in its history, the Europeans claim “excess liquidity” (their term) in excess of €3.3 trillion and steadily rising.
The data is clear that ongoing stimulus programs lead to weaker economic growth and a rising wealth gap. However, is the Fed stuck with "forever stimulus?"
Japan’s Economy Vaults Back From Covid Induced Recession, but Outlook MurkyNov 16, 2020 - 11:10:14 PST
Japan's economy grew at the fastest pace on record in the third quarter, rebounding sharply from its biggest postwar slump, as improved exports and consumption helped the country emerge from the damage caused by the coronavirus pandemic.
The euro zone is facing a drawn-out recovery from a deep recession and needs more support from both the European Central Bank and governments, several policymakers said on Monday - just as the EU's recovery fund hit its biggest obstacle yet.
German Economy Stagnating or Shrinking Amid Second Wave of Virus: BundesbankNov 16, 2020 - 10:56:43 PST
The German economy is likely stagnating or contracting as measures taken at home and abroad to contain the second wave of the coronavirus pandemic hit leisure activities as well as exports, the Bundesbank said on Monday.
The junk bond market’s magic number is 4.56.First, the average yield for the Bloomberg Barclays U.S. corporate high-yield index plunged the most in seven months to 4.56% on Nov. 9, easily breaking the previous all-time low of 4.83% set in June 2014.