Precious metals are apparently waking up. And here is where you can find the best deals.
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Oct 29, 2020 - 12:12:07 PDT
Market sentiment has turned bearish in no small part because of the unrelenting pandemic, the lack of a new stimulus bill from Congress, and the selloff in oil. All three are interrelated.
Wells Fargo Securities’ Michael Schumacher sees major headwinds over the next week to ten days.
Decidedly weak quarterly earnings reports from major apartment REITs this week paint a bleak picture for some of the largest urban rental markets.
Equity Residential, the REIT owned by Sam Zell, was hit with a 58% decline in net income in Q3 2020.
Almost two-thirds of all businesses could be at risk of insolvency, according to official figures that reveal the UK could suffer “a flood” of bankruptcies over the coming months.
American consumers who’ve worked their way through the trove of shelf-stable meals they frantically bought back in March are at it again. This time, food makers are prepared.
Federal Reserve Is in a Tough Spot Without Fiscal Stimulus: Economist SwonkOct 29, 2020 - 11:14:24 PDT
The third quarter GDP will roar back, but the continued rise in coronavirus cases will cut those gains. Diane Swonk, chief economist at Grant Thorton, and CNBC's Steve Liesman join 'The Exchange' to talk about the economic recovery.
Oct 29, 2020 - 10:39:08 PDT
But as Gregory Daco, the chief U.S. economist at Oxford Economics, put it in a tweet, that growth is both "record-breaking and meaningless at the same time."
The above chart from the BEA makes it appear as if the economy has fully recovered. It hasn't. The economy is about a trillion dollars short of the peak as my lead chart shows.
Flying Blind: Clueless about Risk, We're Speeding Toward Systemic FailureOct 29, 2020 - 09:09:11 PDT
For all the reasons listed in this post, the risks of systemic collapse are much higher than commonly anticipated.
Social Security Seemed Like a Future Problem. The Virus Changed That: NYTOct 29, 2020 - 09:06:40 PDT
Even before the pandemic, Social Security’s finances were under growing pressure. The next president and Congress will play a crucial role in what happens next.
The ferocity of the U.S. stock rout on Wednesday sent a measure of selling pressure to near the most extreme on record -- an occurrence that’s become increasingly frequent in the past two months.
“It's the best message from the market because of its distance from Fed manipulation,” he explains, noting that the 30-year inflation breakeven is now reaching its highest level since May 2019— which means that inflation is quickly approaching.
Komal Sri-Kumar, president and founder of Sri-Kumar Global Strategies, says the Covid-19 pandemic, the lack of another federal stimulus package and the U.S. presidential election are creating a trifecta of negative forces for markets.
Any economy growing at a 33% rate can comfortably claim it’s soaring through the jet stream. When it’s the U.S. economy, a $20 trillion juggernaut that is the world’s largest, that figure is jaw-dropping. Yet this morning, the Bureau of Economic Analysis reported just that, announcing that the U.S. economy’s third-quarter growth rate was the most explosive since at least World War II.
Today Jeff Clark asks Mike Maloney one of the most common questions we receive here at GoldSilver.com - "Why on Earth would I sell my gold and silver for fiat currency?"
Druckenmiller: Stock Market Is a ‘Absolute Raging Mania’ Warns Fed Raised Inflation & Deflation RiskOct 29, 2020 - 07:36:40 PDT
The famed former hedge-fund manager, who with George Soros famously broke the Bank of England by shorting the pound in 1992, told CNBC in an interview on Wednesday that the Federal Reserve has inspired a “big party” in financial markets that has powered the stratospheric climb for stocks which he says eventually leads to a “hangover.”
Pelosi Presses Mnuchin for Answers on Coronavirus Stimulus as She Pushes to Restart TalksOct 29, 2020 - 07:23:33 PDT
Nancy Pelosi and Steven Mnuchin may not reach a coronavirus stimulus deal before the 2020 election, but Pelosi is pushing to restart talks.
That is the biggest YoY gain since 2009 (and remains above the previous record high in 2005)...
"In the current environment of risks clearly tilted to the downside..."