Precious metals are apparently waking up. And here is where you can find the best deals.
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Aug 24, 2020 - 12:08:38 PDT
Without federal aid to stave off the impact of the pandemic and economic recession, households that were already on the margins are now being pushed to the brink of financial ruin.
Stimulus Update: Congress Made No Progress Over The Weekend, Future Remains UncertainAug 24, 2020 - 11:57:07 PDT
Passing another stimulus package remains wishful thinking in Washington.
More Than Half of States Are Now Approved for the Extra $300 Per Week in Unemployment InsuranceAug 24, 2020 - 11:55:35 PDT
The majority of U.S. states, 26, are now approved to send workers the extra $300 weekly unemployment benefit from the federal government.
The central planners never hit their inflation targets. But, in spraying the economy with birdshot, they cause massive disruption. This aside, assuming the central planners at the Fed could target price inflation, what rate of inflation would they precisely pinpoint?
"It's Getting Worse With Every Shock" - One Bank Turns Apocalyptic On The Coming End-GameAug 24, 2020 - 11:35:30 PDT
"We are not sure how and when we will see the end-game, but in our view this is not a sustainable situation in the long term."
The Fed has created a speculative bubble that has pushed debt levels beyond what the U.S. economy can support, Leon Cooperman said.“They have created a real speculative environment,” Cooperman said Monday on Bloomberg Television.
The next Great Depression is here. Investors obviously disagree. And by the looks of all the debt they are snapping up (see Bond Market section), they are vehemently opposed to the idea that debt can be risky. But here too, there is an important divergence.
August 23. 2020 Family offices and institutional investors are positioning themselves for a resurgence in inflation across the world. The flow of capital into assets that act as a hedge against inflation indicate this.
States with the highest tax burden like New York, Illinois, and California continue to lose residents this year as tax rates have a significant impact on the growth and prosperity of the states, according to economists.
The line stretched a quarter-mile before the sun was barely up Saturday, snaking around corners like bread lines in the 1930s. But the hungry in Queens are today’s New Yorkers, left jobless b…
Aug 24, 2020 - 09:10:24 PDT
Forget about the first half of the contraction (which the shutdown caused) and just focus on this second set of weeks since early May. There’s no way to describe them, more than double anything we’ve ever seen before.
This week the headlines declared the bear market over as the S&P 500 joined the Nasdaq to make new all time highs. A new bull market has begun so the celebratory narratives. It is true these in…
"The 4% Rule" is dead. With interest rates on bonds now approaching the zero bound, $1 million will no longer be sufficient. How should investors plan now?
They may just opt out of the whole insane charade and stop paying the mountains of debt and stop trying to prop up the deranging pretense of middle-class snobbery.
How Much Longer Until the US Economy Is Back to Normal? This New Index Shows We Have a Long Way to GAug 24, 2020 - 08:33:39 PDT
Our Back-to-Normal Index combines 37 indicators, including traditional government statistics and metrics from a host of private firms to capture economic trends nationally and across states in real time.
Here Come the Institutional Investors—How This Shift Could Overwhelm the Gold IndustryAug 24, 2020 - 08:17:32 PDT
Editor’s Note: It wasn’t just Warren Buffett’s company buying $565 million worth of Barrick Gold last quarter. That was the big headline, but institutional investors buying gold last quarter was more widespread than just Berkshire Hathaway’s purchase. And it’s just getting started. The research below shows just how much cash could flood into the gold industry.
The global economy faces a risk of a slow recovery or even another slump along the way unless a vaccine is found, according to Nouriel Roubini.
The greenback's sharp depreciation is to be expected in the current macroeconomic context. The forces that could erode the dollar's hegemony remain slower-moving and farther off.
The next phase of the global economic crisis is likely to be a financial crisis. Here we present the anatomy of a banking crisis.
The dollar dipped on Monday but held above two-year lows against the euro before Federal Reserve Chairman Jerome Powell this week will give a highly anticipated speech about the U.S. central bank's policy framework review.