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Nov 16, 2020 - 10:49:40 PST
Former Federal Reserve Chair Janet Yellen didn’t push back on reports that she’s in the running to become the next Treasury secretary, while voicing support for policies in tune with the man who’ll make that decision, President-elect Joe Biden.
Nov.16 -- Former Federal Reserve Chair Janet Yellen and former U.S. Treasury Secretary Lawrence H. Summers, who is also a Bloomberg Wall Street Week contributor, talk about how central banks have responded to the Covid pandemic.
Here Comes More Fed Easing: JPMorgan Expects Fed To Extend QE Maturity In December MeetingNov 16, 2020 - 10:39:25 PST
The accelerating spread of the virus may be changing that assessment, and last Thursday Powell indicated that this spread implies that Congress and the Fed will likely need “to do more.”
Central banks have no way out but to keep doing what they are doing, but by doing that, they are making it all worse»: William White.
Once upon a time, long long ago in a dreamworld far far away, banks actually used to be capitalists. They were wealth creators. They wanted to do business with their customers.
The widespread distribution of vaccines to combat the coronavirus pandemic and ongoing monetary easing could cause the U.S. dollar =USD to weaken as much as 20% next year, Citibank said on Monday.
Nov 16, 2020 - 08:49:27 PST
Key survey data and comments reinforce the main findings in Invesco’s central bank reserve management white paper on the revival of gold as a reserve asset.
The European Central Bank appears serious about a digital euro. Barely a month after the central bank issued a major report on the topic, and opened a public consultation,...
The peso is in the tank and Argentina’s inflation is at a stunning 161.60%/yr. With no stable currency in place, Argentina is doomed.
Some speculate that if the Fed implements a digital dollar, soaring inflation will soon follow.
How the Pandemic Scrambled Long Term Driving Patterns: Americans Already Drove LessNov 16, 2020 - 07:44:00 PST
Bounce back to what? The Pandemic Scrambled Long-Term Trends in both directions.
"The stock market is not the economy?" Given corporations derive revenue from economic activity, the "Buffett Indicator" is sending a warning to investors.
Nov 16, 2020 - 07:20:13 PST
’m already on record as declaring 2020 as the most significant year ever for silver. Considering all that has transpired this year throughout the country and the world that may not be saying much. After all, you would have to have lived on a different planet to argue otherwise.
* Moderna says vaccine 94.5% effective in preventing COVID-19 * Vaccine is good news, but deployment to take a while-strategist * U.S. Fed Vice Chair Clarida to speak at 1900 GMT * Interactive graphic tracking global spread of coronavirus: https://tmsnrt.rs/3mvcUoa (New...
If you thought maybe the federal government would try to rein in the spending after running a recorded budget deficit of $3.13 trillion in fiscal 2020, you were sorely disappointed. Uncle Sam has not kicked his spending habit.October was the first month of FY 2021 and the federal government kicked off the year with a $284.1 billion budget deficit, according to the latest Monthly Treasury Statement. It was the largest October budget shortfall in American history.
Michael Osterholm is one of the doctors advising Joe Biden on the coronavirus. He has said the US needs to impose a complete lockdown for four to six weeks. Osterholm claims this won't be a problem because the US government can just pay everybody. In other words, Uncle Sam would give every American a paid vacation.In his podcast, Peter Schiff explained why this proposal is ridiculous.
Nov 16, 2020 - 05:34:24 PST
We maintain our bullish outlook for gold and with that the potential for an even greater performance by silver and platinum.
Could the Fed Act Early? Yes, This Strategist Who Maps Out the Central Bank’s Possible Next Move: MWNov 16, 2020 - 05:28:52 PST
The Federal Reserve might not wait until its regularly scheduled meeting to take further action.
“So when our Sickness, and our Poverty Had greater wants than we could well supply; Strict Orders did but more enrage our grief, And hinder in accomplishing relief.” That’s how the British poet George Wither explained a spreading rebellion against social-distancing rules.
Thousands of people lined up for groceries at a food bank distribution event in Dallas, Texas, this weekend, with organizers saying the Covid-19 pandemic has increased need in the city.