Precious metals are apparently waking up. And here is where you can find the best deals.
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Sep 22, 2020 - 12:08:01 PDT
“This is unacceptable,” the California Democrat said. “Let me be blunt: This pandemic response has fallen badly short. … Your work to address this crisis doesn’t stop when the stock market recovers from its losses. Your mandate is to help hardworking individuals and families who are suffering.”
“People are really suffering,” he said. “They’re facing levels of depression, anxiety and distress — and not just financially. They turn to something to escape the daily pressures of life and that’s ravaging across American right now.”
Efforts to Lift Economy Out of Recession Pose Risk of Sparking a Financial CrisisSep 22, 2020 - 11:37:18 PDT
The economy may be stabilizing faster than expected amid the COVID-19 pandemic, but efforts to preserve it could tip off a financial crisis, economists said in a new report.
Two Thirds Of US Hotels Say They Won't Last Six More Month At Current Occupancy LevelsSep 22, 2020 - 11:25:21 PDT
"For Us It's The Great Depression."
The U.S. central bank’s new guidance on interest rates doesn’t preclude tightening before inflation averages 2% for some period of time, Chicago Fed President Charles Evans said.“We’ve sort of said we’re looking to get inflation up to 2%, and then after that, we could be raising rates.
Legendary investors like Warren Buffett and Ray Dalio are tweaking their portfolios to battle high inflation. You should follow their lead.
Americans increasingly believe the country has turned the corner after the spike of infections this summer.
This chart shows the changes in employment status of respondents who were employed four months ago. The Fed survey asks individuals currently employed (excluding self-employment) whether they are working in the same job as when they submitted their last survey.
After a bout of inflation and "socialism-light", we could end up with even more extreme inequality when the whole rotten structure collapses.
Fed’s Powell Says Economy’s Path ‘Highly Uncertain’ Despite ‘Marked’ GainsSep 22, 2020 - 08:44:32 PDT
America's economy has shown "marked improvement" since the coronavirus pandemic drove it into recession, but the path ahead remains uncertain and the U.S. central bank will do more if needed, Federal Reserve Chair Jerome Powell told a congressional panel on Tuesday.
$300 Unemployment Benefits End in at Least 9 States as Stimulus Hopes FadeSep 22, 2020 - 08:40:23 PDT
Many states have finished paying a temporary $300 weekly boost in unemployment benefits to eligible workers. Now, workers again face the prospect of no additional aid.
Economists must fly a lot. Today’s monetary and fiscal policies appear to be based on the emergency protocols of the major airlines: Put oxygen masks on the adults first and then the children.
Capitalism Isn’t Working Anymore. Here’s How the Pandemic Could Change It ForeverSep 22, 2020 - 08:26:08 PDT
It will be hard to sweep all of America's economic issues under the rug again when the pandemic is over. "We are pregnant with change," said MIT economics professor Daron Acemoglu. Here are three ways the pandemic might change capitalism forever:
Fed’s Evans Sees Risks of ‘Recessionary Dynamics’ Without More Fiscal StimulusSep 22, 2020 - 08:11:41 PDT
Chicago Fed President Charles Evans said Tuesday the economy needs more help from Congress, saying there could be recessionary dynamics without it.
For generations, gold has been a great hedge against inflation and a way to protect against market downturns. Has the environment now changed?
Watch Jerome Powell, Steven Mnuchin Testify Before Congress on Pandemic Response: 10:30AM ETSep 22, 2020 - 07:38:02 PDT
Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin are testifying before the House Financial Services Committee.
More than two weeks of doubt and volatility in the stock market are finally starting to show up in corporate bonds.
"I’ve never been jealous of Jersey before"
US Existing Home Sales Jump To Highest Since 2006 As Million Dollar Plus Sales ExplodeSep 22, 2020 - 07:21:01 PDT
"Home sales continue to amaze, and there are plenty of buyers in the pipeline ready to enter the market,"
A Financial Crisis Could Surprise Investors ‘Sooner Rather Than Later,’ Warns Deutsche BankSep 22, 2020 - 06:11:54 PDT
Our call of the day says the economic recovery will pick up next year, but watch out for a financial crisis and a tricky election ahead.