Precious metals are apparently waking up. And here is where you can find the best deals.
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In the wake of the economically disastrous covid-19 shutdowns, the political class has desperately tried to save the failing euro system. On July 21 European leaders agreed on what they called a "historic" deal. It was nothing more than a multitrillion euro stimulus package.
European Central Bank Keeps Rates and Stimulus Program Unchanged, Despite Stronger EuroSep 10, 2020 - 04:53:22 PDT
The European Central Bank announced Thursday it was keeping its interest rates and coronavirus-stimulus program unchanged.
There’s a ‘Real Danger’ of China Developing Separate Finance Systems From the Rest of the WorldSep 10, 2020 - 04:44:07 PDT
“There is a real danger of China and ... much of the rest of the world developing separate financial systems for things like payments of international debts and payments for trade,” he said.
The European Central Bank is all but certain to keep policy unchanged on Thursday but with the economic recovery losing momentum and a strong euro dampening already-anaemic inflation expectations, it may set the stage for more stimulus later.
Since the April bottom, part-time employment has regained a much greater share of employees who were laid off.
Affordable home promotions can't work and don't work. But Governments keep trying.
Manhattan Rental Market Plunges, Leaving 15,000 Empty Apartments in AugustSep 10, 2020 - 04:23:39 PDT
Hopes for a rebound in the fall or the end of 2020 look increasingly unlikely. Although rental prices have come down, the discounts are not steep enough yet to lure new renters back to the city.
The Federal Open Market Committee (FOMC) convenes next week for the first time since Federal Reserve Chair Jerome Powell announced the central bank would tolerate a little bit more inflation. The U.S. economy remains in a difficult condition as the Covid-19 crisis rages on. Millions are out of work...
U.S. Senate to Vote on Republican Coronavirus Aid Bill Opposed by DemocratsSep 10, 2020 - 04:18:52 PDT
The U.S. Senate was set to vote on Thursday on a Republican bill providing around $300 billion in new coronavirus aid, far below the $3 trillion Democrats insist is needed to stimulate an ailing economy and help people struggling through the pandemic.
The U.S. Needs $3 Trillion in Fiscal Stimulus to Support Coronavirus Hit Economy: EconomistSep 10, 2020 - 04:13:33 PDT
William Lee, chief economist at Milken Institute, said the money should be spent on incentivizing businesses to increase remote working capabilities and helping the unemployed find jobs in companies with viable business models.
The coronavirus has infected more than 27.6 million people around the world so far, killing at least 898,200 people.
Maybe the inflation rate has been greatly understated and we have massive negative real interest rates?
While gold was unable to sustain its move over $2,000, for now, the overt price intervention efforts over the last 4 weeks have, at best...
Many SRSrocco Report followers subscribed as Gold Members due to my announcement that I would be providing additional new information-data-analysis on the silver, gold, and energy resource stocks. I will be providing more of this type of information and analysis over the next several months. However, as I...
The largest shale oil region in the United States is set to see its oil production decline in a big way. The mighty Permian shale region in Texas and New Mexico has been the leading U.S. shale oil producer in the country with over 4 million barrels per day of production...
Where are gold and silver prices heading, and why? Will we see more announcements from pension funds stating that they’ll be buying gold? And where are we in the inflation/deflation debate? These are three separate topics that all add up to major shifts in the gold and silver markets. Join Mike Maloney, Chris Martenson and Mr Jeff Clark for their latest analysis.
Sep 9, 2020 - 12:34:32 PDT
At least half of all households in those cities — 53 percent in New York City, 56 percent in Los Angeles, 50 percent in Chicago, and 63 percent in Houston — reported facing serious financial problems, including depleted savings, problems paying credit card bills, and affording medical bills.
Lightness After Darkness: American Revolution II And Financial & Social Problems That Cannot Be Resolved Without Re-Ind...September 9, 2020
"...US would provide irredeemable Dollars for the use of the American population, but all exports and imports by the US would be denominated in gold."
The GOP’s ‘Skinny’ Coronavirus Relief Bill Doesn’t Include a Second Round of Stimulus ChecksSep 9, 2020 - 11:41:20 PDT
As negotiations continue, millions remain unemployed, and many coronavirus protections — including enhanced unemployment benefits and eligibility for the first sound of small business loans — have long since expired.
As New Zealand’s central bank prepares plans for taking interest rates negative to support its recession-hit economy, Sweden’s experience is emerging as the most relevant guide.The Reserve Bank is studying the other countries that have employed negative rates and the Scandinavian kingdom...