Precious metals are apparently waking up. And here is where you can find the best deals.
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The government aims to revamp the trading regime for gold by the end of the year to prevent bouts of currency strength when the precious metal climbs in value.
The market extends its losing streak from the end of last week. The Nasdaq is down around 8 percent over the past five trading sessions. And Tesla stock is down nearly 30 percent. Michael Novogratz, Galaxy Digital Founder and CEO, joins ‘Closing Bell’ to talk about his thoughts on the sell-off.
A consolidation of the enormous rally could see gold pull back to as low as $1671...
Americans Pay Down Credit Cards For 5th Consecutive Month As Post-Covid Deleveraging ContinuesSep 8, 2020 - 12:31:07 PDT
Revolving credit - i.e., credit card debt - shrank once again, the 5th consecutive monthly decline, dropping by $293 million to just below $1 trillion.
The U.S. mortgage market shows a widening gap between winners and losers as affluent borrowers take advantage of record-low rates while protracted unemployment drives serious delinquencies to their highest levels since 2010. About 2.25 million mortgages were at least 90 days late in July...
The U.S. mortgage market shows a widening gap between winners and losers as affluent borrowers take advantage of record-low rates while protracted unemployment drives serious delinquencies to their highest levels since 2010. About 2.25 million mortgages were at least 90 days late in July...
"It's hard to see the Fed achieving higher inflation, given its recent failure in this matter. A quick look at the monthly consumer price index data over the last decade shows that for the vast majority of the period, inflation was well below 2%. Or put another way, despite all the money...
When and how this ends is impossible to say. But with the Fed pursuing thunderous asset purchases and getting ever softer on its 2 per cent inflation target, the bubble is firmly on track to be one of biggest in stock market history.
"History is filled with many examples of financial and economic disaster that has followed government fiscal recklessness. It can happen even here, in America." ~ Richard M. Ebeling
We’re Headed Toward Stagnation—Unless the Fed Reins In Its Money PrintingSep 8, 2020 - 11:28:44 PDT
The US Fed is considering lifting its inflation target above 2 percent in order to revive the economy. Contrary to the accepted practice, the Fed is not expected to raise an alarm if the measured price inflation begins to rise.
Local officials are slashing funding for everything from education and health care to orchestra subsidies.
According to Black Knight's Mortgage Monitor, a surge in refinance lending driven by record-low rates lead to the largest quarterly volume on record.
Gold Prices Shift Higher as Traders Take Cues From a Dollar Rally and a Global, Stock SelloffSep 8, 2020 - 10:59:38 PDT
Gold futures reverse course to trade higher Tuesday, with the haven metal finding support as global stocks sink and as the dollar eases back a bit from its...
Author: Thor Lihaug Over the last two decades, Western economies have been increasingly driven by debt. A significant contributor to the 2008 stock market crash was unsustainable debt. How did we fix the problem? We loaned even more. Since then Western nations have doubled the national debt levels. The Covid crisis makes it even worse.
Trump Suggests Using Leftover $300B in Covid Relief Funds for Stimulus ChecksSep 8, 2020 - 10:21:31 PDT
President Trump on Friday urged Congress to approve stimulus checks to Americans by redirecting $300 billion in unused coronavirus pandemic relief funds. Trump said at a White House press briefing …
The downside target of $1,700 was just confirmed...
U.S. Economy Faces $15 Trillion Hit as a Result of School Closures, OECD SaysSep 8, 2020 - 09:54:44 PDT
The Organization for Economic Cooperation and Development has warned the interruption to children's schooling in the wake of the coronavirus pandemic could mean global economic growth is 1.5% lower on average for the rest of the century.
Pretense and PR are not reality, and believing the Old Normal will magically be restored with sacrifice-free Federal Reserve printing is not an actual strategy.
In an economic recovery the economy eventually exceeds the previous peak in employment and output. There’s no such thing coming.
China appears to view gold as a more dependable bet than US government debt shouldn’t altogether surprise, given the massive build-up of US indebtedness.