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The Fed Is Clearly ‘More Worried’ About Deflation at the Moment: BNP ParibasOct 6, 2020 - 04:53:40 PDT
Investors' search for yield has to "extend beyond just traditional fixed income" into other assets such as dividend-yielding stocks, says Prashant Bhayani of BNP Paribas.
Teens Are Buying Fewer Clothes, Less Food as Their Spending Hits Two Decade LowOct 6, 2020 - 04:50:42 PDT
Teen spending hit its lowest levels in two decades, according to a new survey, as teens spent less money on food, concerts and events during the coronavirus pandemic, and worry about the economy getting worse.
The coronavirus has infected more than 35.51 million people globally as of Tuesday, killing at least 1.04 million people so far.
Once Gold rallies above $2,200, this could also be considered a confirmation of the...
Everything changed today in the markets and precious metals due to President Trump's announcement of the "Halting of the Government Stimulus." As I mentioned in the Gold & Silver Update on Sunday, it's impossible to forecast what is going to happen in the short term when there are major announcements or...
As we get closer and closer to the day we know will occur...
Gold futures climbed on Monday, marking their highest settlement in just over a week, with a softer U.S. dollar and fresh talk of a stimulus deal supporting prices for the metal.
Archaeologists Find Ancient Greek Tomb Filled With Gold, Silver and BronzeOct 5, 2020 - 12:56:15 PDT
Archaeologists have uncovered more than 3,500 objects in a Bronze Age warrior's tomb in southwestern Greece.
Markets are faced with a multitude of binary events in the next few weeks all of which could have a positive or negative impact on markets. Examples abound: Either there is a stimulus package or th…
The COVID-19 pandemic could trigger a debt crisis in some countries, so investors must be ready for granting some form of relief that could also include debt cancellation, World Bank President David Malpass was quoted as saying on Sunday.
Things are tough in Europe. Slovakia has an even lower 2 year sovereign yield than Switzerland, the previous winner of low sovereign yields. Even the UK has a negative 2 year sovereign yield! Yes, …
Oct 5, 2020 - 12:02:31 PDT
Just when we thought the US mortgage market had recovered from the financial crisis, then along came Covid and The Federal Reserve helping to push mortgage rates to near all-time lows. According to…
With inflation set to skyrocket as the Fed prints limitless amounts of fiat "money", all eyes are on gold and silver among a few other safe havens...
Oct 5, 2020 - 11:40:05 PDT
VENEZUELA’S Bolivarian government is a step closer to retrieving its $1 billion (£800 million) gold reserves stored in the Bank of England after it won an appeal over the claim today.
(Bloomberg) -- Before Monday’s rebound in risk assets, investors rushed into the biggest long-dated Treasury ETF at a record pace.Traders poured almost $1.8 billion into BlackRock Inc.’s iShares 20+ Year Treasury Bond exchange-traded fund (TLT) last week -- the most since it began trading in 2002...
At Argentine brokerages and banks, the calls come in every day with the same question: How many dollars does the central bank actually have?
Venezuela has begun to import banknote paper and is mulling plans to print bills with larger denominations as hyperinflation causes shortages of cash, according to six people with knowledge of the matter.
Pelosi, Mnuchin Speak for an Hour but Don’t Reach a Coronavirus Stimulus DealOct 5, 2020 - 10:58:11 PDT
Nancy Pelosi and Steven Mnuchin expect to speak again Tuesday as they try to strike a coronavirus stimulus deal.
There are now 4.5 million such people looking for work. That includes 742,000 who have had temporary jobs come to an end, and 3.8 million who have lost permanent jobs. The number of permanent job losers among the unemployed has more than doubled in the last six months, the fastest pace of increase on record.
Systemic corruption and the implosion of the social contract have consequences: It's called collapse.