Precious metals news

"2020 will see the worst outcome for global dividends since the global financial crisis..." 

Fed Vice Chairman Richard Clarita said the central bank needed to be more skeptical of models that predict higher inflation when setting interest-rate policy given the weak response of inflation to lower levels of unemployment over the past decade.

The US dollar was set for a fourth straight month of losses on Monday after a US Federal Reserve policy shift on inflation, while the euro was poised to post a fourth month of gains, taking both currencies to levels last seen in 2018.

The U.S. is almost unique in the world in taxing based on citizenship rather than residency. It’s also uniquely parochial in being unable or unwilling to distinguish between, say, a rich American living stateside and stashing money offshore and...

The world is hurtling toward an unprecedented hunger crisis. As many as 132 million more people than previously projected could go hungry in 2020, and this year’s gain may be more than triple any increase this century. The pandemic is upending food supply chains, crippling economies and...

"Perversely, a shock looks increasingly necessary to force policy measures allowing the market to sustain these levels to begin with."

A sort of sector rotation of layoffs, and it’s not a good sign, even as millions of lower-wage workers are being hired back.

Major airlines are ringing the alarm bell on potential layoffs, hoping to jolt the White House and Congress into finding a way to rescue them.

Thanks to the stimulus package, the economy had stabilized, but it was still on life support. Millions continued to lose their jobs. More help was needed. Was Mnuchin’s initial bipartisan success a fluke or would he be able to save the U.S. economy again?

Clarida also said he and his fellow officials do not see negative interest rates as a viable option now and doubt the effectiveness of yield curve controls, though that could change.

Which countries have the biggest gold reserves?
Central banks globally have been increasing gold holdings over the last few years. Central bank demand came in at 650.3 tons last year. That was the second-highest level of annual purchases for 50 years, just slightly below the 2018 net purchases of 656.2 tons. According to the World Gold Council, 2018 marked the highest level of annual net central bank gold purchases since the suspension of dollar convertibility into gold in 1971, and the second-highest annual total on record.

Hope for some pickup in economic activity, amid promises of potential coronavirus treatments, also has boosted appetite for silver, which is viewed as both an industrial and precious metal.

Buffett's move into gold has opened the door for fund managers to follow suit. Except, instead of playing in a hundred trillion dollar equity market, they are dealing with barely over $1 trillion in investable gold. Look out above.

White House Chief of Staff Mark Meadows accused House Speaker Nancy Pelosi on Sunday of rejecting Republicans' latest compromise of a $1.3 trillion coronavirus aid package that would include enhanced unemployment insurance and help for small businesses.

Government bond rates worldwide dropped after Jay Powell validated recently that the Federal Reserve was prepared to endure greater inflation as it guides the

The vast scale of central bank support for the corporate bond market has fired up prices to the point where some investors are willing to accept a loss for buying them, once inflation is taken into account.After blasting higher in the financial-market ructions of March, the real yields on some…

Lately, it’s been hard to ignore the feeling that the monetary system could potentially collapse. To me, it’s not just a feeling. It’s a certainty.

Each generation of Americans has historically earned more than their parents, but declining upward mobility is putting this growth at risk.

“In economic parlance, the current environment is one of pervasive ‘Knightian uncertainty’ — that is, an unknown for which we cannot even quantify the odds of various outcomes.”

The Fed has moved the inflation goalposts.
The central bank will no longer focus on keeping a lid on inflation. In his podcast, Peter Schiff said this policy will simply speed up the destruction of the dollar and the economy.
Jerome Powell announced the new policy during his speech in Jackson Hole last Thursday. In the past, the central bank has targeted a 2% inflation rate as measured by CPI. Now it will shift to “average inflation targeting.” In effect, the Fed will allow the CPI to run "moderately" over 2% “for some time” to balance out periods where it runs under that level.