Precious metals are apparently waking up. And here is where you can find the best deals.
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The U.S. government will run its biggest budget shortfall ever this year, at $3.311 trillion, the nonpartisan Congressional Budget Office said today.
The Fed will need to keep monetary policy accommodative for a while to support the struggling economy, but policymakers will not let inflation get out of hand, Cleveland Fed Bank President said on Wednesday.
Sep 2, 2020 - 11:10:06 PDT
So far this year, about 13.7 million square feet worth of office leases have been signed in Manhattan. If that doesn’t pick up, it will be the worst full year since the turn of the century.
Confirmation of the breakdown will serve as the "go!" part of the move. We've already seen the "get ready, set" part...
U.S. shoppers have been paying more than last year for a range of consumer goods during the COVID*19 pandemic, from eggs and deli meat to running shoes, according to a Reuters analysis of the latest pricing and sales data.
Covid Played a Part, but This Rise in Food Prices Was Foretold by Gold a Year PriorSep 2, 2020 - 10:42:51 PDT
In the four weeks ended Aug. 22:
-Egg prices rose 16.5%
-Cheese prices rose 7.3%
-Lunch meat prices rose 8.1%
-Diaper prices rose 8.8%
What is the real reason that Joe Rogan had to flee California for Texas? It may be more important than you first thought. Join Mike Maloney as he analyzes why he, along with Joe Rogan and many others chose to ‘GET OUT OF DODGE!’
Finally, consumers, especially low and moderate-income families, will be harmed further as price inflation will accelerate. The Fed, in short, is an "enemy of the people".
Pelosi Says White House Have ‘Serious Differences’ Over Coronavirus Aid After Call With MnuchinSep 2, 2020 - 09:50:15 PDT
Pelosi and Mnuchin spoke about coronavirus stimulus, but they still stand far apart on how much they want to spend to combat the pandemic.
United Airlines Plans to Cut More Than 16,000 Jobs as Coronavirus Continues to Hammer DemandSep 2, 2020 - 09:49:18 PDT
United Airlines joined American in warning about massive job loss after the terms of federal aid ends in October.
This distortion has led other economic statistics to paint an artificially rosy picture of our current situation. The problem is that measures like real output, real wages and poverty are calculated using inflation adjustments that don’t reflect the higher cost of living during a pandemic. This might help explain why measured poverty has fallen even as lines at food banks have grown.
Fed’s Balance Sheet Is Ballooning Out of Control: $7 Trillion in Securities, $2 Trillion MortgagesSep 2, 2020 - 09:21:06 PDT
The Fed Now Owns Nearly One Third of All US Mortgages.
The big players have already played the game, won, and left...
The Dollar’s Fall Is Likely to Continue — Here’s Why You Can Thank the FedSep 2, 2020 - 08:57:49 PDT
With Powell cementing the negative real yield narrative, there’s ‘little to suggest the dollar bear trend is to stop’, analysts say
ECB President Christine Lagarde has a new challenge to worry about on top of a fading economic recovery and a slump in inflation -- a surging currency.The euro has jumped 12% in just five months since the start of coronavirus lockdowns, climbing above $1.20 on Tuesday...
NY Fed’s Williams Says New Framework Empowers Central Bank in Low-Rate EnvironmentSep 2, 2020 - 08:44:31 PDT
Lower interest rates around the globe make it more difficult to use monetary policy to stimulate the economy, but the Federal Reserve's new framework leaves the U.S. central bank better positioned to hit its goals on inflation and employment, New York Federal Reserve Bank President John Williams...
Stocks rose after Steve Mnuchin urged US lawmakers to approve new coronavirus stimulus measures.
My close friend and partner Louis Gave, whom I’ve known for 13 years, is the furthest thing from a gold bug. In fact, for most of the time I’ve known him he’s had a dim view of the shiny metal often derisively referred to as a “barbarous relic” or a “pet rock”.
We Have A New All Time High P/E Multiple.
China Has The World’s Largest Navy. And It’s Getting Better, Pentagon Warns: ForbesSep 2, 2020 - 07:41:11 PDT
“The PRC [People’s Republic of China] has the largest navy in the world, with an overall battle force of approximately 350 ships and submarines including over 130 major surface combatants,” states the U.S. Department of Defense’s 2020 annual report to Congress on Chinese military power