Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
The Federal Reserve has already given enough guidance about the likely path of interest rates at this juncture and doesn’t need to offer more, Dallas Fed President Robert Kaplan said.
Raised in a white-collar Washington suburb, a product of prep schools, elite colleges and the 1% world of private equity, Jerome Powell is an unlikely candidate to tilt U.S. monetary policy toward the working class.
U.S. Fed Chair Powell tried to address economic inequalities in his landmark policy move. Still the Fed holding rates lower-for-longer may support bulging asset prices - which is unlikely to benefit the neediest and could well widen the wealth gap in the near term.
At the height of the coronavirus pandemic last spring, the heads of U.S. banks including Morgan Stanley, Bank of America Corp and others pledged not to cut any jobs in 2020 because it was the wrong thing to do.
...I’m talking, of course, about Jackson Hole and Jay Powell’s reportedly genius masterstroke...
...while nine-in-ten consumers viewed the current state of the economy negatively in August, half of all consumers anticipated the economy would improve in the year ahead.
A temporary blip? Or reflective of the end of the handouts?
Fed’s Kaplan Says Central Bank Needs to Be Conscious of Financial Stability RisksAug 28, 2020 - 06:54:37 PDT
The Federal Reserve needs to keep an eye on how its efforts to stabilize markets and promote stronger jobs growth could be encouraging some investors to take on excess debt and other risk, Dallas Fed President Robert Kaplan said Friday.
The Italian National Social Security Institute said that new hires in the private sector contracted by 43 percent in the January-May period of this year compared with the same period of 2019.
The European Central Bank is often accused of being one step behind the U.S. Federal Reserve when fighting recessions. The Fed’s decision to revamp its monetary policy this week might leave the ECB looking off the pace again.
Americans' Income & Spending Rose More Than Expected In July (Before Handouts Stopped)Aug 28, 2020 - 06:39:20 PDT
Bear in mind that this data - from July - was before the big handouts all stopped!
I've written sever Fun on Friday articles about gold scams. Usually, the victims are elderly folks and you can kind of understand how they might get fooled by scammers. But you know who I wouldn't expect to get conned in a gold scam?Pawnshop owners.And yet, here we are.
Peter Schiff has been saying that the economic problems we face weren't caused by the coronavirus pandemic — at least not directly. We were already in deep trouble long before COVID-19 arrived on the scene. In this special episode of the Friday Gold Wrap podcast, host Mike Maharrey takes us on a journey back through time and lays out exactly how the Federal Reserve and government policies got us here and how the "cure" for the economic meltdown caused by government lockdowns is really just more of what made the economy sick in the first place.
Gold rebounded nearly 1% on Friday as the dollar retreated and investors latched onto dovish policy signals from U.S. Federal Reserve Chairman Jerome Powell.
The dollar’s decline has only just started, with room for the world’s reserve currency to weaken against emerging markets, according to Pacific Investment Management Co.While the greenback has dropped against major peers...
"It’s not so much about what to do about inflation when it comes but about getting inflation above target. The challenge is to get inflation up to target and not very much was said about that."
Capital One Financial Corp. is cutting borrowing limits on credit cards, reining in its exposure as the U.S. reduces support for millions of unemployed Americans.The adjustments, which the company said it makes from time to time, set off a swift outcry on social media. Some customers have...
Continued claims, not initial claims show the real problem.
Several years after the worst of the Great Recession, the Fed embarked on a cycle of interest rate hikes in late 2015 to normalize its monetary policy stance and avoid a possible rise in inflation. Thursday, the American central bank reported that had it been able to go back, it could have acted differently, …
One Bank Finally Tells The Truth: "The Fed Policies Have Become Part Of The Problem"Aug 28, 2020 - 04:40:07 PDT
"The current crisis response has made it painfully clear again that the Fed’s policies benefit high income individuals and large corporations, while small businesses and low income individuals bear the burden."