Precious metals are apparently waking up. And here is where you can find the best deals.
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From time to time, Austrian economists, goldbugs, and other economists on the saner end of the spectrum warn of the inflationary dangers of modern central bank policies.
The economy won’t have weathered the pandemic or be on track to achieve full employment and price stability until late 2022 or sometime in 2023, said Dallas...
Fed: America’s Most Vulnerable Families Could Face Financial Crisis if Government Relief Fades AwaySep 29, 2020 - 09:43:49 PDT
Stimulus checks and additional unemployment helped low and middle-income Americans pad savings amid the coronavirus pandemic, according to a Federal Reserve study. But those lifelines may soon end.
German consumer prices dropped 0.4% y/y in September, the biggest drop since the start of 2015.
As we noted last week, the correction also aligns with the historical weakness seen in September and October, particularly in years preceding an election.
Now, with short-term rates persistently low and expected to stay that way, these so-called quantitative easing programs, or QE, are standard central bank tools. The problem is, there is no settled consensus on how effective bond buying is at stimulating economic activity.
Easier access to credit and government support means they will stumble on...
Rather than right the ship, the "easy fix" is to distribute "free money"--not just to billionaires and corporations but to everyone.
Cities Experiment With Remedy for Poverty: Cash, No Strings Attached: WSJSep 29, 2020 - 08:23:48 PDT
If implemented nationwide, guaranteed income would represent a significant expansion of the American safety net and one that is not conditional on working or looking for work.
The end-of-month rebound in global equities faded as investors assessed prospects for a scaled-back fiscal stimulus proposal in the U.S. and the rising toll of the pandemic.The main U.S. equity gauges edged lower, led by losses in energy and financial companies. Banks led broad-based declines
Policymakers will realize that they are sitting on a ticking time bomb. What does it mean for gold?
NY Fed’s Williams: “It’s Crucial That Our Financial System Can Handle Shocks and Disruption”Sep 29, 2020 - 07:55:09 PDT
Financial market conditions deteriorated in March to levels near or worse than those seen during the 2008 economic crisis, and it is important to study the causes of that volatility and determine ways to shield the system from future shocks, New York Federal Reserve Bank President John Williams said.
CFTC Charges Firm With Illegally Providing Leveraged Trading of Crypto, GoldSep 29, 2020 - 07:54:07 PDT
A Caribbean-based firm is in hot water with the CFTC for allegedly allowing U.S. retail investors to partake in leveraged trading of cryptocurrencies and precious metals.
Sep 29, 2020 - 07:42:56 PDT
JPMorgan Chase & Co. admitted wrongdoing and agreed to pay more than $920 million to resolve U.S. authorities’ claims of market manipulation in the bank’s trading of metals futures and Treasury securities over an eight-year period, the biggest sanction ever tied to the illegal practice known as spoofing.
JPMorgan Pays $920 Million for Spoofing on Illegal Trading of Metals Futures & Treasury SecuritiesSep 29, 2020 - 07:42:56 PDT
JPMorgan Chase & Co. admitted wrongdoing and agreed to pay more than $920 million to resolve U.S. authorities’ claims of market manipulation in the bank’s trading of metals futures and Treasury securities over an eight-year period, the biggest sanction ever tied to the illegal practice known as spoofing.
The U.S. trade deficit in goods widened in August, with imports rising as businesses rebuild inventories which were depleted when the COVID-19 pandemic upended the flow of goods. The Commerce Department said on Tuesday the goods trade gap increased 3.5% to $82.9...
Retail bankruptcies, liquidations and store closings in the U.S. reached records in the first half of 2020 as the Covid-19 pandemic accelerated industry changes, particularly the shift to online shopping, according to a report.
Manhattan Offices Are Nearly Empty, Threatening New York City’s Recovery: WSJSep 29, 2020 - 07:29:43 PDT
Manhattan office employees are returning to work at a slower pace than those in most other major U.S. cities, raising the risk that New York faces a more protracted and painful recovery from the coronavirus pandemic than much of the rest of the country.
September has so far brought a bullish bump into the USD - but can it last through the next four days of high-impact data releases out of the US?
This year ranks as one of the best on record for investors in the precious metal. Its climb is fueling skeptics’ assertions that the arc of financial history points toward the inevitable debasement of currencies like the dollar.