Precious metals are apparently waking up. And here is where you can find the best deals.
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Sep 16, 2020 - 06:58:00 PDT
Any hint at Yield Curve Control will put downward pressure on the DOLLAR & push the precious metals higher as the threat of ever greater financial repression scares global investors. How bad does the FED want to stimulate inflation and deal with the negative effects at a later date? Waiting on you, Jerome.
The EU Wants 30% of Its Massive Stimulus Plan to Be Raised via Green BondsSep 16, 2020 - 06:54:21 PDT
Green bonds are a financial instrument that are earmarked, specifically, to raise money for projects related to climate change or the environment.
Yelp Data Shows 60% of Business Closures Due to the Coronavirus Pandemic Are Now PermanentSep 16, 2020 - 06:50:49 PDT
Yelp on Wednesday released its latest Economic Average report, revealing business closures across the U.S. are increasing as a result of the coronavirus.
Every week, analysts and pundits pour over the latest weekly jobs report looking for signs of life. Every month, we dive into the monthly unemployment numbers hoping they signal economic recovery. But these unemployment numbers don't tell the whole story.The government economic shutdowns in response to the coronavirus pandemic have deeply wounded the economy in ways that won't immediately show up in the numbers. In fact, they could leave scars on the economy that don't fade for years.
The dollar’s decades-long position as the global reserve currency is in jeopardy because of steps the U.S. has taken to support its economy during the Covid-19 pandemic, according to Ray Dalio, founder of hedge fund giant Bridgewater Associates.
The Fed Is ‘Fighting the Last Battle,’ and Here Are the Risks to Its New StrategySep 16, 2020 - 05:47:36 PDT
Fed to signal interest-rate hikes won’t be an issue until 2024
US Dollar Falls Ahead of the Federal Reserve’s Rate Decision While Gold Prices RiseSep 16, 2020 - 05:44:38 PDT
The US dollar fell on Wednesday, while gold rose and Treasury yields held steady, ahead of the Federal Reserve's meeting, which analysts said would likely show policymakers remain committed to ultra-low interest rates.
US Retail Sales Disappoint, Online Spending Growth Hits A Wall As Government Handouts EndSep 16, 2020 - 05:40:22 PDT
The worst news of all is that the 'control group' which is used for GDP calculations showed a 0.1% drop MoM in August, crushing the self-sustaining recovery narrative.
Strategists Say at Least $500 Billion More Is Needed to Fuel Consumer Spending During the PandemicSep 16, 2020 - 05:26:14 PDT
A new report from BCA Research makes the case for the government supplying at least $500 billion worth of additional income support to U.S. households to achieve a modest consumer spending growth rate of 2% over a 12-month span.
It was billed as a lifeline for America’s middle-market companies seeking cash to get through the pandemic. Yet more than two months since its launch, the Federal Reserve’s Main Street Lending Program isn’t living up to expectations as few banks are willing to provide the loans.
In sharp contrast to its impressive performance with the CARES Act, which was passed in less than two weeks, Congress’s attempt at a second major pandemic relief bill has been a rolling disaster for nearly two months. To prevent a lasting recession from taking hold, Congress needs...
Complacency About Low Interest Rates Is ‘Dangerous,’ Clifford Capital Holdings SaysSep 16, 2020 - 05:16:16 PDT
The bridge between the two sides is the "wall of liquidity" that has been unleashed by central banks such as the U.S. Fed and the ECB in a bid to support the economy as the coronavirus spread. That has led to "enormous money supply-driven asset inflation," with the stock market being the "single most visible representative" of it.
Will Fed Chairman Jay Powell show signs of fatigue in asking for more fiscal support? Or will he push harder for more help?
Even as the fiscal 2020 budget deficit surged past $3 trillion, more than double the previous record deficit, US Treasury Secretary Steve Mnuchin called for more federal spending, saying “now is not the time to worry about shrinking the deficit.” Of course, he wasn't worried about shrinking the deficit before the pandemic either. Peter Schiff talked about the looming debt crisis during his podcast.
'Having become the biggest landlord in the world, Blackstone is now moving downmarket.'
Blackstone Warns of a ‘Lost Decade’ Where Stock Market Returns Are ‘Anemic’Sep 16, 2020 - 05:07:10 PDT
In the next 5-10 years, interest rates will normalize and companies will face "plenty of headwinds" that put pressure on earnings, said Blackstone's Executive Vice Chairman, Tony James.
The recovery in industrial production has slowed. A sector outlook shows one huge problem.
With no major move in mortgage rates, there was no sudden incentive to refinance a home loan last week, so fewer people did.
Joe Biden won the Democratic presidential nomination running as a moderate, rejecting the big-government plans of progressive rivals as unaffordable.
In Last Meeting Before Election, the Fed Could Placate Markets With Promise of Low Rates for YearsSep 16, 2020 - 04:56:53 PDT
The Fed is unlikely to take any policy actions Wednesday, but it is expected to say it will keep its dovish policies in place for years.