Precious metals are apparently waking up. And here is where you can find the best deals.
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China’s Yuan Could Become the World’s Third Largest Reserve Currency in 10 Years: Morgan StanleySep 4, 2020 - 04:52:40 PDT
Morgan Stanley analysts predict the Chinese yuan will account for between 5% to 10% of global foreign exchange reserve assets by 2030, putting the currency into third place.
Low-income households aren't going to like this...
Job Market Seen Somewhat Weaker in August, as Rehiring Slowed and Layoffs ContinuedSep 4, 2020 - 04:49:19 PDT
The pace of rehiring is expected to have slowed in August, and the economy likely added fewer jobs than in July as layoffs continue.
The coronavirus has infected more than 26 million people around the world so far, killing at least 869,290 people.
A ‘Phase II' rally in gold & silver is getting ready to start. Phase II rallies are very explosive, and they tend to...
Indians Tap Their Savings (Gold) To Raise Fiat Currency As Coronavirus Lockdowns Devastate Local EconomiesSeptember 3, 2020
With tough times ahead due to an economic downturn, Indians are pawning family gold for some much-needed quick cash...
When the world starts to move into the precious metals to protect wealth, silver will be the better investment over gold. Why? I will explain in a minute. However, the question that I receive the most from my followers and subscribers is, "What percentage of precious metals holdings should be...
The title of this article epitomizes what the Austrian economist Ludwig von Mises (1881–1973) called the “sound money principle.” As Mises put it: The sound-money principle has two aspects. It is affirmative in approving the market’s choice of a commonly used medium of exchange.
Make no mistake, higher gold prices are coming. By pulling yet another arrow from its quiver, the Fed's just helped move us closer that target. The Fed wants inflation, so it's going to get it. Problem is, we the people, will have to live with it.
After this year’s surge in high-growth stocks, two big exchange-traded funds tracking those companies are losing steam.Both the $65 billion Vanguard Growth ETF (VUG) and the $10 billion iShares Core S&P U.S. Growth ETF (IUSG) posted their largest outflows on record last month, according...
Ever since COVID-19 collided with the enormous bubble governments have been using to re-float the financial sector since 2008, booming equity markets became compatible with wholesale economic implosion. That became clear on August 12 in London and New York.
The global economy is now at a fork in the road. Policymakers’ most important task is to try to reduce the massive lingering uncertainty while continuing to provide emergency relief to the hardest-hit individuals and economic sectors.
Productivity jumped 10.1% in the second quarter, the most since the first quarter of 1971. However, the details are more than a bit unsettling.
The head of the Chicago Federal Reserve on Thursday called on Congress to deliver more fiscal aid and signaled U.S. monetary policy would be eased further and interest rates kept at ultra-low levels for years to help the economy recover its pre-pandemic strength.
According to CBO projections, the federal budget deficit will come in at $3.3 trillion for fiscal 2020. That's more than triple the budget shortfall last year and more than double the previous deficit record set at the onset of the Great Recession.
Big Setback for the Unemployment Crisis: Week 24 of U.S. Labor Market CollapseSep 3, 2020 - 10:24:37 PDT
Continued unemployment claims jumped by 2.2 million to 29.2 million, worst since Aug 1, as claims by gig workers under federal PUA program soar. State plus federal initial claims jumped to 1.59 mil…
The Congressional Budget Office released an updated budget outlook, including the pandemic’s impact on the economy.
Majority of Workers Expect Their ‘Retirement’ to Include a Job, Survey ShowsSep 3, 2020 - 10:01:29 PDT
More than half (54%) of workers say they anticipate their golden years to include a job — an expectation that's even more pointed among among baby boomers (59%) and Generation X (60%).
It’s every quant’s nightmare: Trades that look good on paper break down in the real world. And in the $1 trillion business of smart-beta investing, it’s happening on an industrial scale.According to a new study, hundreds of strategies that showed significant outperformance in backtesting...