Precious metals are apparently waking up. And here is where you can find the best deals.
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“It's our currency, but it’s your problem,” John Connally, Richard Nixon’s treasury secretary, told the world in 1971. Four decades later, the dollar’s weakness threatens to incite a full-blown currency war that could distract policy makers from their key task of mending the...
Sep 3, 2020 - 05:04:36 PDT
For long-term investors this boils down to choosing between governmental paper promises and real assets such as property, commodities and gold. It is, in the time-honoured phrase, a no-brainer.
A group of more than 100 prominent economists, including seven Nobel Prize laureates, have signed a new open letter to U.S. senators urging them to reject President Donald Trump’s nomination of Judy Shelton to the Federal Reserve’s Board of Governors.
The ADP estimates the economy added 480,000 private jobs in August. Let's dive into its methodology.
If we look at job losses as opposed to the unemployment rate, one gets another perspective on the enormity of the situation, as illustrated below. Never before have we seen anything resembling the labor market devastation seen in April.
Sep 3, 2020 - 04:50:33 PDT
The Bureau of Labor Statistics said last week it will change its method for adjusting initial jobless claims to account for seasonal swings in employment. That’s a big deal. As a result, new claims could show a large decline of potentially 200,000 or more in the week ended Aug. 29. The BLS will report the numbers at 8:30 a.m. Eastern.
It’s increasingly clear to even the average American that if riots come to your neighborhood, you’re on your own. The message received is increasingly be this: if your plan is to wait until the police show up to provide "protection," be prepared to wait a long time.
President Donald Trump signed a memo on Wednesday that threatens to cut federal funding to "lawless" cities, including Seattle, Portland, New York and Washington.
"...our condensed triangle is expanding and extending, as we could be working on the final leg of that formation..."
Peru was on track to ramp up its silver production in the summer and early fall after the mine closures during April and May, stemming from the global pandemic. But, something must have changed as Peru's silver production recovery has stalled as the country's mine supply fell in July...
The Fed Now Wants Even More Inflation. The Old "2 Percent Target" Wasn't EnoughSep 2, 2020 - 13:30:10 PDT
The US Federal Reserve has adjusted its official inflation target to be even more flexible and inflationary. The Fed has always been more inflationary than the Bundesbank and its successor, the European Central Bank, at least on paper.
S&P Reaches Critical Resistance, Valuation At Record High As Liquidity CrashesSep 2, 2020 - 13:04:51 PDT
The S&P 500's P/E multiple just broke above the all-time highs from the dotcom bubble...
Conditions mirror the obvious problems and the one known major plus, residential real estate. Housing is fueled by cheap money from the Fed even as most of the rest of the economy suffers from weak and choppy growth.
The report said that echoing across the country is the continued uncertainty stemming from the pandemic and its negative effect on consumer and business activity.
he European Central Bank must withdraw emergency support when the economy has recovered from its pandemic shock, Governing Council member Jens Weidmann said in a speech that underscores his reputation as one of the institution’s most-hawkish policy makers.
Sep 2, 2020 - 12:14:28 PDT
Japan's Chief Cabinet Secretary Yoshihide Suga on Wednesday voiced his readiness to have the central bank take additional monetary easing steps to protect jobs, if he were to become prime minister.
The Bank of England can significantly increase the speed and volume of its bond purchases if needed to aid the economic recovery, according to deputy governor Dave Ramsden.“We have headroom to do materially more quantitative easing if we need,”...
The Fed is in trouble, and it needs to give the appearance that it is controlling inflation. As inflation takes off people will see the truth...
CBO Projects US Debt Will Hit A Record 107% Of GDP In 2023... And Then ExplodeSep 2, 2020 - 11:56:22 PDT
Unfortunately this also means that a war is not virtually assured.
From airlines to Starbucks, a massive part of our economy hinges on white-collar workers returning to the office.