Precious metals are apparently waking up. And here is where you can find the best deals.
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Bolivia’s long-term bet on gold is helping prop up its bonds, even as a delayed election stokes social unrest and the Covid-19 pandemic rips through the nation.
Even those in the nonfinancial media have noticed the skyrocketing price of gold this year.
Aug 20, 2020 - 11:56:05 PDT
Jim Bianco, Bianco Research Founder and Bloomberg Opinion Columnist, says there are signals on the horizon that inflation is coming in the U.S.
Aug 20, 2020 - 11:33:21 PDT
David Rosenberg returns to discuss the current economic environment and how flattened yield curves are promoting liquidity issues. Credit supply has been contracting, and the velocity of money is also declining. If money velocity stabilizes were going to get a lot more inflation, and perhaps that is what gold is trying to signal.
...the golden rule, “He who hath the gold rules” is as true now as it has ever been.
40 Million Americans: Evictions Are Expected to Skyrocket as Pandemic Protections Come to an EndAug 20, 2020 - 11:07:46 PDT
Up to 40 million Americans may lose their homes in this downturn, four times the amount seen during the Great Recession. More than 1 in 5 renters were behind on their in July.
The noise of the falls is being masked by the chaotic din of oh-so-carefully edited social media and other screen-based media, and so the coming collapse remains "impossible" and "unexpected."
This post describes efforts taken by the Federal Reserve to support and sustain the Treasury and MBS markets following the COVID-19 outbreak as well as prior "market functioning" interventions in 1939, 1958, and 1970.
I grabbed the clicker; "Turn off the damn TV!" No, I didn't turn off hyped political commentary; it was the Weather Channel.
The city’s high-end market was dealt an unprecedented blow by the coronavirus lockdown. Can it ever fully recover?
We saw big, multi-trillion dollar spending bills from March into May. The Fed took their balance sheet from about $3.8 trillion to around $7 trillion. (By the way, I can easily envision some scenarios where it goes to $10 trillion).
What's Really Driving Gold's Rally? (Spoiler Alert: Implosion Of The Fractional-Reserve Gold Banking System Based On Decepti...August 20, 2020
Implosion may have been triggered by the stress added to the world economy by the virus epidemic, but other stresses were already present...
Emergency Savings Are Tumbling During Pandemic, Especially in Households With Income Under $50,000Aug 20, 2020 - 09:19:42 PDT
Overall, more than a third of U.S. adults say they have less in cash reserves than they did pre-pandemic, with those earning less than $50,000 a year reporting a higher rate of reduced savings, according to a study.
Hotels Are Headed For An "Unprecedented Wave Of Foreclosures", Lodging Group WarnsAug 20, 2020 - 09:17:45 PDT
The current level of delinquencies even surpasses the $13.5 billion that lenders were owed during the Great Recession that started in 2008...
The banking giant may offer ATM access and other services on premises.
As the widening gyre that that is 2020 continues to turn, it seems that every day some new disastrous and ill-thought-out proposal is made or policy implemented.
Banks and other lenders have found a way to potentially make billions of dollars from the coronavirus-fueled upheaval in the U.S. mortgage market -- yet it risks burning bond investors in the process.
70 per cent of the funds created through an SDR allocation, something very similar to a central bank “printing” new money, would go to G20 countries, most of whom did not need it, while only three per cent would go to low-income countries.
The World Bank is looking at ways to reduce the amount of debt owed by poor countries -- rather than simply delaying payments -- to attract more investors in the wake of the global pandemic and recession, President David Malpass said.
Aug 20, 2020 - 08:07:14 PDT
“While markets have calmed somewhat, the overall economic situation and outlook still remain fragile.”