Precious metals are apparently waking up. And here is where you can find the best deals.
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Sep 16, 2020 - 04:54:25 PDT
In this video, Chris makes the argument for pursuing *resilience* vs growth -- both in our individual lives as well as a society.
The coronavirus has infected more than 29.5 million people globally as of Tuesday, killing at least 935,591 people so far.
The triangle pattern is arguably negative, and gold could ease to $1800-$1775 if the breakout is to the downside...
Investors and business owners are beginning to realize that the collapse of the U.S. Commercial Real Estate market has only just begun. Much like a derailment and collision of a long freight train, it takes time before the end of the train feels the impact. Thus, we are only in the first...
Competition is supposed to be healthy, but when governments compete to see who can borrow the most money while paying their lenders little or nothing… that’s not healthy at all.
The Fed is not likely ready to enhance forward guidance, but if they do that could spell trouble for the dollar and send gold soaring. If the Fed tweaks their asset purchase program, that could be all that is needed to send gold higher.”
Inflation Debate Divides Wall Street With Some Seeing Danger, While Others Say the Game Has ChangedSep 15, 2020 - 12:10:00 PDT
Whether the Fed's policies and rising U.S. debt will spike inflation has yet to be seen, but the topic is dividing Wall Street.
Senate Republican leaders don’t yet have 51 votes to confirm President Trump’s controversial pick to the Federal Reserve, Judy Shelton, whose nomination is facing strong opposition from prominent economists.
The Fed Could Could Still Move Markets Wednesday Even With Rates on Hold for the ForeseeableSep 15, 2020 - 11:42:14 PDT
The Federal Open Market Committee will provide its quarterly update on where it sees GDP, unemployment and inflation heading.
Judy Shelton, U.S. President Donald Trump's controversial pick to serve on the Federal Reserve's interest-rate-setting panel, does not currently have the votes to win confirmation in the U.S. Senate, Republican Senator John Thune said Tuesday.
Corporate Leaders Expect Taxes to Go Up No Matter Who Wins in 2020, New Survey SaysSep 15, 2020 - 11:27:32 PDT
Business leaders are expecting corporate taxes to go up no matter who wins in 2020. That’s according to a new survey by PricewaterhouseCoopers.
The old adage that every crisis represents an opportunity is certainly true in the case of COVID-19. Now that the pandemic has lasted longer and wrought more destruction than many initially anticipated...
In July this year the US trade balance stood at a deficit of $63.6 billion against a deficit of $51 billion in July last year. Some commentators regard a widening in the trade deficit as an ominous sign for the exchange rate of the US dollar against major currencies in the times ahead.
Why the Hoped for Solution to Out of Control Government Debts Won’t Work This TimeSep 15, 2020 - 10:56:28 PDT
“Rapid growth is no longer possible” and “inflation is not going to be tolerated” in societies with slow wage growth: head of central bank of Singapore. It has been said out loud.
Of $20T in marketable Treasuries outstanding, $4.7T is from T-bills due in 6 months or less. Treasury is almost completely reliant on short-term debt to fund current deficits.
It’s no secret that wage and productivity growth began decoupling in the 1970s. Charts like this one from the Economic Policy Institute have been ubiquitous in progressive economic policy debates since the Great Recession:
26% of Americans Have Taken Advantage of Some Type of Payment Deferral PlanSep 15, 2020 - 10:36:09 PDT
About one in four Americans say that because of Covid-19, they've taken advantage of some sort of payment deferral program. Navigating these programs can be challenging, but experts say that taking some simple steps and doing your homework can help you avoid pitfalls.
ECB Balance Sheet Hit Another All Time High as Lagarde Keeps Printing Press RumblingSep 15, 2020 - 08:41:23 PDT
ECB balance sheet hit another ATH at €6,474.61bn as Lagarde keeps printing press rumbling. Total assets rose by €15.8bn on QE while reduction in central bank FX swaps by €2bn slows expansion a bit. ECB balance sheet now equal to 63.5% of Eurozone GDP vs BoJ's 135%, Fed's 36.%
Sep 15, 2020 - 08:25:39 PDT
A bipartisan group of House members is introducing a stimulus proposal that aims to break a month-long stalemate in negotiations and distribute $1.5 billion of aid to the economy before the election.
This is classic debt deflation. When social mood turns negative and the economy declines, debt-laden corporations resort to trying to sell off any asset they have (including the family silver) in order to raise cash.