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Silver Shines, Says Citi, Tipping A 60% Price Rise, For Starters: ForbesOct 21, 2020 - 13:06:12 PDT
Citi, which has a well-connected resources research team, has put its neck on the silver block in an advisory note with a tip that the price of the metal will rise to $40 an ounce over the next 12-months.
Gold rose 1% to its highest in over a week on Wednesday as investor optimism that a U.S. coronavirus aid package will be announced before the Nov. 3 presidential elections pressured the dollar and bolstered bullion's appeal as an inflation hedge.
Oct 21, 2020 - 12:40:27 PDT
In August 2018, Venezuela re-denominated the bolivar, lopping five zeros off it. Today’s price of 25.00 new bolivars is equal to 2,500,000 old bolivars. Converted into dollars, that comes to …
The message from the bond market after Wednesday’s brief leap in yields is clear: The Federal Reserve is standing by to prevent an alarming increase in rates no matter how much debt the U.S. Treasury sells amid the pandemic.
Since the outbreak of the coronavirus, the United States has experienced one of the most unprecedented economic interventions in all of its history.
Senate Democrats Block GOP’s $500 Billion Coronavirus Aid Bill as Pelosi/Mnuchin Talks ContinueOct 21, 2020 - 11:50:35 PDT
Senate Republicans tried to pass an aid bill as Pelosi and Mnuchin negotiate a coronavirus stimulus bill that would cost at least $1.9 trillion.
Paper money is going away in the very near future...
Clearly, the Fed reckons the public is foolish enough to believe the Fed's money will actually be "free."
Fed’s Mester Says Policymakers Need to Watch for Financial Stability RisksOct 21, 2020 - 11:18:50 PDT
The Federal Reserve's new approach to monetary policy should help the central bank influence the economy at a time when interest rates and inflation are low, but policymakers need to keep an eye out for financial stability risks,...
The U.S. Treasury Department opposes extending the Federal Reserve’s $500 billion municipal lending program beyond the end of 2020 or easing the costly terms that have left it virtually unused.
Oct 21, 2020 - 09:49:54 PDT
The sand dollar is a digital version of the Bahamian dollar. Issued by the country’s monetary authority as a central bank digital currency (CBDC), the announcement of the launch came via a tweet on Wednesday.
Oct 21, 2020 - 09:46:46 PDT
“The world’s financial industry is moving quietly and slowly toward a cashless society.” — Paul Ebeling, Fed Chairman Powell said in a meeting of the International Monetary Fund (IMF) that they need to do “’extensive’ public consultation with stakeholders” before completing the move...
Oct 21, 2020 - 09:44:37 PDT
The Federal Reserve has bailed out the stock and bond markets and stabilized the economy with its rock-bottom rates — but at the expense of Social Security and pension funds.
“We are going to blow through the records of 1999 and 2000 in terms of new issuance,” Chanos said at Grant’s Interest Rate Observer’s fall conference on Tuesday. “We are now seeing speculation in all its glory come back.”
Oct 21, 2020 - 08:06:28 PDT
Turns out the federal government’s plan for dealing with a mega bank failure on Wall Street is no better conceived than the federal government’s plan for dealing with the worst pandemic since 1918.
“We are in a massive transformation of our economies, and I think it is very important that fiscal policies, monetary policies, but above all, structural developments, have a common cause,” she said. “It won’t be very easy.”
And we still have a HUGE AMOUNT of gold standing for a poor delivery month...
These States Suffer the Worst Unemployment as Coronavirus Pandemic Recovery LagsOct 21, 2020 - 07:49:19 PDT
Hawaii is suffering from the worst job market in the United States. Here are the other states in trouble.
‘Every Recession, There’s a Massive Bailout Given to Corporations and CEOs’Oct 21, 2020 - 07:46:11 PDT
Stockton mayor Michael Tubbs says basic income payments can help bail out Americans