Precious metals are apparently waking up. And here is where you can find the best deals.
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If truly desperate measures are demanded of central banks, they could end up obtaining control of our economic and financial systems.
For St. Louis Fed President James Bullard, the current surge in U.S. coronavirus cases can be controlled and the economy recover if households are just nudged in the right direction, exhorted in a 'this-time-we-mean-it' push to wear masks and take other steps that health...
(Bloomberg) -- Stock funds attracted a record amount in a busy week that included Joe Biden’s election victory and promising results for a coronavirus vaccine.
Fed’s Bullard: Financial Stability Not a Key Concern in Midst of PandemicNov 13, 2020 - 10:21:56 PST
The Federal Reserve's current pace of asset purchases has been effective and the monetary policy is in a very good place, St. Louis Federal Reserve Pr
It's all downhill from here.
Nov 13, 2020 - 09:38:10 PST
'The structural bull market for gold is not over and will resume next year as inflation expectations move higher, the US dollar weakens and EM retail demand continues to recover'...
“I do assume buyers want to start out enthusiastic about inflation once more,” Wilbur Ross, US commerce secretary, advised me this week. Mr Ross doesn’t count on to see “runaway inflation”, however he does assume {that a} zeitgeist shift round inflation is looming and it may spark market repricing.
The ECB has provided a clear indication that additional stimulus will come in December. A further expansion of PEPP could result in the ECB purchasing most, if not all, of the EGB supply in 2021 Although the ECB left the monetary stance unchanged at their last Governing Council meeting, the press statement indicated that policy […]
Russia's finance ministry has proposed allowing part of its National Wealth Fund (NWF) to be invested in precious metals, according to draft legislation published on Friday.
Unemployment Claims Are Falling. But That’s Not Necessarily Because People Found WorkNov 13, 2020 - 08:58:52 PST
Continuing claims, a proxy for the number of people getting unemployment benefits, have been falling. It's not all due to people returning to work, however.
How the Unemployment Fiasco in Europe Is Kept out of Official Unemployment RatesNov 13, 2020 - 08:19:11 PST
The massive and once-again extended Pandemic-era furlough programs serve their purpose, but…
Fed’s Harker: Economy Is Not Just Going to Snap Right Back to Where It WasNov 13, 2020 - 08:07:24 PST
"The pandemic has exacerbated trends in the economy including inequality and automation," Harker added. "It will be important to retrain workers for better jobs."
U.S. consumer sentiment unexpectedly declined in early November as an increase in Covid-19 infections and the election prompted Americans to reassess their outlooks for the economy and finances.
So... It's Friday the 13th — 2020.Should we really be tempting fate like this?
Controversial Trump Fed Board Pick Judy Shelton Gets Closer to ConfirmationNov 13, 2020 - 07:34:03 PST
Judy Shelton looks to be within striking distance of getting a seat on the Federal Reserve Board.
Fed’s Williams Says Covid Surge Puts Question Mark On Economic Outlook: WSJNov 13, 2020 - 07:30:54 PST
The New York Fed leader said the recovery so far has been better than expected, but added that the rise of coronavirus cases puts a question over the outlook even as news of a potential vaccine suggests a solution to the crisis may be coming.
Before the coronavirus, a decades-long aviation boom spawned a network of nearly 50,000 air routes that traversed the world. In less than a year, the pandemic has wiped almost a third of them off the map.
Gold and silver sold off big and the Dow surged Monday on the announcement the Pfizer had successful coronavirus vaccine trials. But Friday Gold Wrap host Mike Maharrey says investors should maybe tap the brakes on thinking that a coronavirus vaccine is a cure-all. In this episode, the looks a little deeper at the long-term ramifications of a vaccine. He also breaks down the newest budget deficit numbers.
Nov 13, 2020 - 07:22:30 PST
"Many small businesses are drowning right now," said Sung Won Sohn, an economist at Loyola Marymount University in Los Angeles. "They have very little financial cushion to begin with, many of them have hand-to-mouth operations, and they have no place to turn to except the government."
My hunch is that it will come,” Lagarde said Thursday during a virtual panel discussion hosted by the ECB. “If it’s cheaper, faster, more secure for the users then we should explore it.