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Many Schools, College Will Cost More Than Last Year, Despite Covid DisruptionsAug 24, 2020 - 07:55:47 PDT
A MarketWatch analysis indicates that many colleges are going forward with planned tuition increases this year
Many investment firms are waiving charges on money funds to keep the yields that investors earn from dropping below zero—the latest sign of how a $5 trillion piece of the financial system is bracing for new pressure as interest rates plummet.
Gold futures on Monday head higher to start the week, even as global equity markets were seeing sharp gains, with commodity experts attributing some of the buying in bullion to opportunistic investing after the metal on Friday registered its first back-to-back weekly loss since March.
FINRA has released new data for margin debt, now available through July. The latest debt level is up 5% month-over-month.
Reasons Why Morgan Stanley Believes The Recession Triggered A Structural Shift To Higher InflationAug 24, 2020 - 07:41:14 PDT
"When we look back at 2020, it may well be that the most important structural change that COVID-19 gave rise to from a macro perspective will be this structural shift towards higher inflation."
U.S Mortgage Rates Rise Again but Remain at sub-3% Supporting Home BuyersAug 24, 2020 - 07:36:10 PDT
U.S mortgage rates rose for a 2nd consecutive week, according to figures from Freddie Mac. The rise was not enough to spook homebuyers, however.
The Bahamas’s Central Bank Put Its Digital Currency on Its Official Balance Sheet in AprilAug 24, 2020 - 07:33:09 PDT
The Bahamas's central bank achieved a little-known first this spring. The post The Bahamas's central bank put its digital currency on its official balance sheet in April appeared first on The Block.
As the Fed Prepares to Meet Virtually, the Mechanisms of Monetary Policy Are Breaking Down: Barron'sAug 24, 2020 - 07:29:08 PDT
The Fed will hold its annual Jackson Hole conference this week, albeit virtually. Despite much preparation, the Fed risks a dangerous solo ascent, one that is unlikely to succeed.
Unfortunately, there’s no end in sight to the economic uncertainty, closed schools, cramped quarters and social unrest, let alone the fear and risk of illness and death.
Should the next round of fiscal stimulus be provided in the opaque and self-serving manner that has defined the Trump administration, Fitch won’t be the only institution with a “negative” outlook on U.S. credit.
Aug 24, 2020 - 06:50:36 PDT
After convening every August since 1982 at the edge of Wyoming’s magnificent Teton mountain range, monetary policy makers will hold a virtual Jackson Hole conference this week that will look pale by comparison. The same could probably be said of the central banks themselves.
Vitaliy Katsenelson serves as the chief investment officer at Investment Management Associates in Denver. In an article he wrote for MarketWatch, he admits his company has resisted buying gold in the past.But the company is buying gold now.Why?
Is this time different? Often regarded as the four most dangerous words in the English language, trying to determine whether this time truly is different, particularly when it comes to inflation expectations, could prove once again to be an exercise in futility.
Brain said the policies are a form of helicopter money or what some call Modern Monetary Theory. MMT holds governments are free to run big deficits without suffering negative consequences since the government has the power to print its own currency. Critics counter that such policies are reckless and inflationary.
The Nasdaq and S&P500 made new all-time highs last week. That leads many people to believe the economy must be doing OK. But as Peter Schiff explained in his podcast, the very thing that's helping Wall Street boom is crushing the actual Main Street economy.
US Default Bomb Goes Off: 2020 Will Have A Record Number Of Large Corporate BankruptciesAug 24, 2020 - 05:09:20 PDT
"It pains me to say this, but bankruptcy is a growth industry in America"
One of the most alarming facts about this crisis is the pace at which bankruptcies are rising. Despite an $11 trillion liquidity injection and government aid in 2020, stocks and bonds at all-time highs and sovereign as well as corporate yields at all-time lows, companies are going bust at the fastest pace since the Great Depression.
If the recent spike up in U.S. inflation numbers is a sign of things to come for global markets, that could prove especially bad news for investors in Indian, Russian and Mexican bonds.
Any MSM financial media commentator who proclaims that the sector is in a bubble is either tragically ignorant or regurgitating official propaganda...