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After the precious bounced off their lows the past week, what's in store for silver and gold in the next few weeks? Good question. However, it will depend on the direction of the dollar and likely the broader markets. With President Trump looking to be released from the hospital on...
This is still a 3.483 Billion Dollar order waiting to get real. As of this early morning, Gold’s Overall Open Interest...
The U.S. shale oil industry is setting the stage for a collapse in production. Even though some production is being ramped back up after being curtailed due to the global pandemic, the severe decline in the drilling rig count and completions will be felt towards the end of the year...
Oct 2, 2020 - 13:16:10 PDT
The Roundtable Insight – Peter Boockvar and Yra Harris on the Financial Markets, Commodities and Economy
Things change. We can't freeze change in its tracks, we can only respond: either competently and effectively, fully aware of our limitations and the risks of relying on debt to paper over our weaknesses, or incompetently, clinging on to delusions of magical thinking, misguided faith in failed leadership and institutions and seeing debt and money created out of thin air as our savior rather than the source of our downfall.
Trying to stay ahead of the government printing press is the modern citizen’s constant worry. There are no hard money central bankers, let alone politicians.
To validate the Austrian explanation of the housing bubble, we must first establish that interest rates did indeed fall into unusually low territory during the boom phase, while they were hiked going into the bust. Figure 1 below shows the “real” (i.e., consumer price inflation–adjusted) federal funds rate, as a quarterly average from 1970–2006:
Central Banks Double Down on the Failed Policies of the Twentieth CenturyOct 2, 2020 - 12:06:17 PDT
In a macroeconomics-driven world, economic fallacies abound. They are periodically trashed when disproved, only to arise again as received wisdom for a new generation of macroeconomists determined to justify their statist beliefs.
‘Massively Concerning’ Jobs Report Sends a Signal That the Economic Recovery Could Be FadingOct 2, 2020 - 10:47:12 PDT
The Labor Department reported Friday that nonfarm payrolls increased by 661,000 in September. In normal times, that type of hiring pace would be considered a sign of a robust job market.
So many questions, so much to try and sort out as we enter the all-important Q4. The second quarter broke downside records and introduced really the only thing that will matter.
Keep an eye on Core PCE by all means, but don’t expect the Fed to do anything on rates until well after short-end market interest rates have moved significantly higher.
The latest CBO report shows America's "one-way trip" towards the next crisis.The longer policymakers wait to fix the debt, the harder it will get.
A lump-sum payment in digital dollars for all Americans during a recession or to raise inflation, as an alternative to QE and negative interest rates, which have failed.
The coronavirus pandemic has made it difficult for many Americans to generate income and, as a result, pay their rent. As many as 35 million people in the U.S. may face eviction. Here's what to do if you're at risk of losing your home.
The unemployment rate was 7.9%, the Labor Department said Friday in the final jobs report before the November election.
The U.S. Economy Was Laden With Debt Before Covid. That’s Bad News for a Recovery: WSJOct 2, 2020 - 08:46:59 PDT
The country entered the recession with record levels of consumer, business and government debt. Fourteen charts explain how we got there, and what it means for getting the economy going again.
Once only associated with enemy nations and the Great Depression, bread lines have returned to the US, often in form of miles-long traffic jams or car parks filled with hungry drivers., COVID-19, Food Banks, PEW, report,
The National Guard has designated military police units in two states to serve as rapid reaction forces so they can respond quickly to any potential civil unrest around the...
Lockdown Fatigue, Rising Protests Against New Co Restrictions Are Tougher for Governments to ManageOct 2, 2020 - 08:28:24 PDT
European governments trying to contain the resurgence of the coronavirus pandemic are facing increased political opposition to the measures they think are...
A standoff over further federal aid and concern over the pandemic’s duration are pushing companies to eliminate jobs.