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Disappointing data hit the euro early in Friday trading and called into question the strength of the European economic recovery in the third quarter.
Global Economies Show Signs of Stuttering Recovery From Coronavirus Lockdowns: WSJAug 21, 2020 - 07:12:31 PDT
Europe’s economic recovery slowed in August while Japan saw another drop in activity, an indication that the return to pre-pandemic levels of global output is likely to be slow and uneven.
It was a volatile week in the gold and silver markets after last week's correction with big swings up and down. Early this week, gold enjoyed a rally back above $,2000 after we learned Warren Buffett has gotten into gold. In this week's Friday Gold Wrap podcast, host Mike Maharrey talks about Buffett's move into gold and what it means and why we shouldn't worry about big corrections during this bull run. He also highlights some of the economic data that makes him less than optimistic about a quick recovery.
Slashing the $600 cannot incentivize them to get jobs, it is just causing hardship.
The Argument That Unemployment Benefits Keep Americans From Going Back to Work Isn’t Just MisleadingAug 21, 2020 - 06:51:49 PDT
It seems like a no-brainer that we would be scrambling to use all of our resources to ease suffering — but we've only done the bare minimum.
Crazy charts to document our crazy times.
Number of people who newly lost their work and filed for initial state or federal UI in the week jumped to 1.43 million. A rate of 6 million a month.
The Internal Revenue Service projects that lower levels of employment in the U.S. could persist for years, showcasing the economic fallout of the coronavirus pandemic.
How Bailouts and Stimulus Pave the Way for a Lot More Spending on EverythingAug 21, 2020 - 05:21:40 PDT
At this point in American history, it is now safe to say that the idea of "fiscal restraint" has become a quaint relic of the past.
Futures Tumble, Dollar Soars After European PMIs Slump, Putting Recovery In DoubtAug 21, 2020 - 05:19:07 PDT
"Wider credit spreads and bond bidding suggest an air of nervousness is starting to creep in."
With America currently beset by a still-rampant pandemic, a worsening economic outlook, and incompetent leadership, might the dollar bears finally be right?
The dollar has remained quite strong during the past few years because of foreigners’ belief that the US is “exceptional”. Foreigners have been willing to pay a premium for the dollar. But the bloom may be off the rose, so to speak.
$50 Billion of Cryptocurrency Moved Out of China Hinting at Capital Flight Against Beijing RulesAug 21, 2020 - 04:53:32 PDT
Over $50 billion of cryptocurrency moved from China-based digital wallets to other parts of the world in the last year, pointing to possibilities that Chinese investors are transferring more money than they are allowed to out of the country, a new report claims.
The Coronavirus Pandemic Has Made It Harder for Digital Banks in Asia to Thrive, Fitch SaysAug 21, 2020 - 04:52:19 PDT
The pandemic has disproportionately hit the customer segment targeted by many aspiring digital banks, said Tamma Febrian of Fitch Ratings.
Aug 21, 2020 - 04:50:10 PDT
Eleven states received approval to send out $300 per week in enhanced unemployment benefits. Here's why experts caution against factoring the cash into your budget.
Coronavirus Live Updates: Eviction Protections Are Drying Up; J&J Plans 60,000 Person Vaccine TrialAug 21, 2020 - 04:43:04 PDT
The coronavirus has infected more than 22.49 million people around the world as of Thursday, killing at least 789,400 people.
Coronavirus Live Updates: Former FDA Chief Warns of a ‘Third Act’ That Could Be ‘More pervasive’Aug 21, 2020 - 04:43:04 PDT
The coronavirus has infected more than 22.49 million people around the world as of Thursday, killing at least 789,400 people.
Many precious metals investors are still puzzled why it costs so much more to produce gold than silver. I continue to receive emails and comments from followers who ask the same question, "If there world only produces eight times more silver than gold in a year, than why is gold so much...
Something quite interesting took place in the silver market that hasn't happened in 40 years. A key silver indicator that has remained in a normal range has smashed right through it over the past several months. This could signal that there is something seriously wrong with the financial markets...
It’s not hard to see why the recent actions by Congress and the Fed to generate the biggest fiscal deficit-to-GDP in history and monetize the entire amount would inspire the greatest investor of modern times to put on an inflation hedge.