Precious metals are apparently waking up. And here is where you can find the best deals.
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Soaring financial markets are blithely indifferent to lingering vulnerabilities in the US economy. But the impact of consumers' fear of COVID-19 on pandemic-sensitive services are unlikely to subside...
Aug 25, 2020 - 07:59:32 PDT
By Pam Martens and Russ Martens: August 25, 2020 ~ Yesterday, S&P Dow Jones Indices made the stunning announcement that Exxon Mobil, which has been in
The United States added 1.76 million Jobs in July 2020, compared to a consensus estimate of 1.48 million. Unemployment fell to 10.2 percent versus the 10.6 percent expected.
A Poor Understanding of Monetary Theory Leads to Disastrous Government Policies | Patrick BarronAug 25, 2020 - 07:55:29 PDT
Austrian school economists know that unsound money has been at the heart of disastrous government policies since time immemorial. The greater the ignorance of money, the greater the monetary debasement in order to fund government's latest folly.
ECB Balance Sheet Hit Fresh ATH at $6,024bn as Lagarde Keeps Printing Press RoaringAug 25, 2020 - 07:48:22 PDT
Total assets rose by €19.4bn on QE, while reduction in central bank FX swaps by €1.2bn slows expansion a bit. ECB balance sheet now equal to 61% of Eurozone GDP vs BoJ's 132% & Fed's 36.1%.
The average US worker must now work 128 hours to buy 1 share of S&P 500. That's almost a record. In the 1980s, it took less than 20 hours.
Citi Raises S&P 500 Outlook, Says the Fed Will Do ‘Whatever It Takes’ to Halt a Big Stock DeclineAug 25, 2020 - 07:34:37 PDT
Citigroup has given up on its position that stocks are headed for a big decline this year, as it sees the Federal Reserve providing a safety net against issues weighing against the market.
The equivalent of 400 million jobs have been lost world-wide, 13 million in the U.S. alone
...double-dip!
...new home sales are proceeding at the fastest pace since 2007...
And it seems that even with mortgage rates hitting record lows, prices have stopped appreciating so fast...
The domestic property market is fueled by a government stimulus and a COVID-fueled rush to low density housing, economists say.
Today's period of crisis is a generational wealth transfer opportunity...
Cashiers, retail clerks, servers, and hotel maids and others in the service sector already had jobs that were slated for robots.
Recently, Ed Yardeni suggested that 2020 looked a lot like 1920. However, valuations suggest that returns over the next decade won't resemble the 20s.
You simply cannot grasp the economic big-picture without understanding how Federal Reserve monetary policy drives the boom-bust cycle.
Longer-run inflation expectations may not fall so far: indeed, shorter-run inflation expectations could overshoot as the central bank aims for above-average inflation during its price-level targeting phase.
According to a report by an Indian TV station, the board of the Reserve Bank of India (RBI) is considering significantly raising its gold reserves.According to the report, the RBI is mulling upping its gold holdings from the current level of 6.5% of total reserves to 10%. As part of the move, the Indian central bank would also lower its holdings of US Treasuries.
David Morgan of TheMorganReport.com shares his feelings as to what the silver price may do next in this information-packed interview with Mike Maloney. Have we reached a tipping point?