Precious metals are apparently waking up. And here is where you can find the best deals.
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As 2020 dawned, bankers throughout Europe were still digging out of the last crisis, a gathering tsunami of distressed credit risks...
Lenders are having a hard time unloading distressed and bankrupt restaurants, and it’s small wonder. After all, who wants to buy an eatery in the middle of a pandemic when you don’t know whether you can be open or how many people you can seat? California Pizza Kitchen Inc. on Tuesday canceled...
A recovery that has lived by stimulus could die by stimulus, or the lack thereof, as the impasse among Washington leaders hits a new phase.
Stimulus Doubts Stoke Uncertainty for Shoppers, Retailers Just as Holiday Season BeginsOct 8, 2020 - 05:04:42 PDT
A breakdown of stimulus talks in Washington, D.C., adds more chaos to an already chaotic holiday season during the coronavirus pandemic.
The worst is not over for airlines even though huge government packages saved them when air travel was halted due to the coronavirus, analysts said.
Peter Schiff appeared on RT Boom Bust along with Michele Schneider of MarketGauge to talk about market reaction to the stimulus stalemate, the impact of the upcoming election, and the prospects of the dollar.The interview was recorded before President Trump tweeted the rug out from under the hope of a stimulus deal and cut off negotiations with the Democrats. At the time, Peter said it was certainly possible we could get another round of "so-called" stimulus, but none of it actually helps the underlying economy.
Absent more aid, jobless Americans will be living off their current allotment of benefits from the state or federal government. In some cases, that amounts to just $5 a week.
Dow Futures Rise After the Index Posts Best Day Since July on Stimulus OptimismOct 8, 2020 - 04:52:56 PDT
U.S. stock index futures were modestly higher in Thursday early morning trading after the Dow on Wednesday posted its best day in months as investors await updates on the ongoing fiscal stimulus discussions.
The coronavirus has infected more than 36.1 million people globally as of Thursday, killing at least 1.05 million people so far.
U.S. ECONOMY DISINTEGRATION CONTINUES: Uncle Sam Spent 3 Dollars To Lose 2 Dollars Of GDPOctober 8, 2020
While Americans are back to doing one of the favorite pastimes, by driving up and down the U.S. Interstate Highways, the economy's fundamentals continue to disintegrate. But, you wouldn't know it if you turned on CNBC or Fox Business, applauding how the broader markets are now very close to their all-time...
In Tom Cloud's newest update, he starts with breaking news that some 401K's are now considering physical gold as part of the investment portfolio. Most 401K's do not allow investors to include physical gold as part of their portfolio, but this could be changing soon. With just 1% of Americans...
"Gold is dusting itself off after President Trump flip-flopped on fiscal relief,” said Ed Moya, analyst at OANDA in New York. “Gold is stabilizing right now, and the path higher might take a while longer. Gold needs a stimulus catalyst and it seems unlikely that will happen before the election.”
Congress and the American public are being gaslighted by the Fed. There is little logic in their explanations for extreme monetary policy.
Trump Wants Congress to Approve More $1,200 Stimulus Checks. That May Not Be EasyOct 7, 2020 - 12:40:12 PDT
The president has urged Congress to approve a second round of one-time $1,200 payments to millions of Americans. While both sides of the aisle want to send more money, there could be some sticking points. Here's why Americans could face a longer wait for that aid.
US Consumer Credit Unexpectedly Tumbles As Americans Paid Down Credit Cards After Stimulus EndedOct 7, 2020 - 12:37:46 PDT
After the fiscal cliff hit on July 31, many Americans reversed their previous spending ways and instead resumed paying down their outstanding credit card balances clearly concerned about their future financial state.
FOMC Minutes Show Fed Assumed Fiscal Aid In 2020, Fears "Excessive Risk Taking"Oct 7, 2020 - 11:10:35 PDT
Interestingly, despite The Fed promising that rates are on hold for pretty much ever, the market's expectations for Dec 2021 have shifted hawkishly higher...
Fed Releases Minutes From Meeting Where It Held Rates Steady and Outlined Inflation StrategyOct 7, 2020 - 11:01:53 PDT
The Federal Open Market Committee on Wednesday released minutes from its Sept. 15-16 meeting. The Fed’s policymaking arm held interest rates steady at the meeting and approved language outlining its new approach to inflation.
European Central Bank President Christine Lagarde pledged not to remove monetary support until the coronavirus crisis is over, reinforcing her message that central banks and fiscal authorities must work together.
According to Robin Brooks, Chief Economist at the Institute of International Finance (IIF), the euro could become a deflation currency like the Japanese yen was before the Bank of Japan, under Kuroda's leadership, launched unprecedented monetary stimulus in 2013.
In spite of the rally in risk markets this year, Pacific Investment Management Company (PIMCO) expects low returns across asset classes in the coming three to five years as the global economy recovers from the coronavirus pandemic.