Precious metals are apparently waking up. And here is where you can find the best deals.
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Yale University's Stephen Roach joins "Squawk on the Street" to discuss rising tensions between the U.S. and China.
If while driving your car you suddenly noticed that you were heading straight for a cliff edge, of course the sensible thing to do would be to apply the brakes and sharply turn the wheel.
"Stephanie Kelton’s book is well-written and serves as an accessible insight into the world of Modern Monetary Theory. There are parts of the book that are essential pieces of economic knowledge that define the modern state, some that are questionable premises, and some that are blatant...
The fiscal setback is a red flag for the economy; the Fed can’t compensate entirely if the Federal government pulls back from supporting the economy. At this point, the U.S. looks positioned to repeat the fiscal mistakes of the last recovery.
The Largest Mall Operator, Simon Property Weighs Empty Mall Spaces as Amazon Fulfillment CentersAug 10, 2020 - 09:23:42 PDT
Mall operator Simon Property Group Inc. has been in talks with Amazon.com Inc. to turn some empty store space formerly occupied by anchor tenants such as J.C. Penney Co. Inc. and Sears Holdings Corp. into Amazon fulfillment centers, Dow Jones reported, citing people familiar with the matter.The
Millions of Americans Worried They Won’t Be Able to Make Even Minimum Payments on Their Credit CardsAug 10, 2020 - 09:04:52 PDT
Amid one of the worst downturns in U.S. history, nearly 80% of credit card holders say they're worried they won't be able to continue making even the minimum payments on their debt.
Fans of “complementary currency” are betting that this Depression-era idea for keeping towns alive by printing local money can prove its worth as pandemic relief.
Aug 10, 2020 - 08:06:24 PDT
House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin also said on Sunday said they were open to continuing talks for further COVID-19 stimulus measures.
Central bankers have spent years warning of the perils of excess corporate debt. But their solution to this year’s coronavirus storm in financial markets has led to even more of it. It is the Catch-22 of post-2008 policymaking, and of now post-pandemic policymaking, too. To stave off a debt crisis, monetary…
Pick a currency, any currency. Chances are, it gained against the U.S. dollar last month.
In June, Americans just couldn't wait to tell their boss to take this job and shove it.
More economic upheaval is on the horizon in Europe as plans to end the unprecedented support for workers during the coronavirus pandemic threaten to tip millions of households into a debt trap
Fed Dismisses Stress-Test Appeals From Five Banks, Including Goldman SachsAug 10, 2020 - 07:11:17 PDT
The Federal Reserve on Monday said it dismissed the stress-test appeals lodged by five banks. BMO Financial undefined, Capital One Financial undefined,...
Nine years after the last rally collapsed, a new gold rush is in full swing.This week, prices rocketed to record highs above $2,000 per troy ounce for the first time — a 36 per cent ascent in the year so far that far outstrips any stocks index. Even with prices…
With the dollar’s follow-through to the downside in late July, a nine-year up trend was smashed. This launched a new bear phase for the dollar.
Gold Prices Expected to Stay Above $2,000, on Growing Global Geopolitical UncertaintyAug 10, 2020 - 06:52:10 PDT
Gold traders experienced the biggest daily drop of the yellow metal in two months on Friday, falling 2% as the U.S dollar regained an upward move on a better-than-expected recovery in U.S. jobs report released recently.
Geopolitical Cold War With China Would Be a Dangerous Mistake, Economist Jeffrey Sachs SaysAug 10, 2020 - 06:50:04 PDT
He said attacking China has become a bipartisan strategy for political gain and instead urged global leaders to come together on issues like climate change as the economy undergoes a "remarkably choppy period of disruption and transition."
“The president is determined to spend what we need to spend. ... We’re prepared to put more money on the table,”
ETFs globally added another 166 tons of gold in July. It was the eighth straight month of inflows of metal into gold-backed funds. That pushed total ETF gold holdings to another record high of 3,785 tons, according to the latest data from the World Gold Council.With gold hitting an all-time record high at the end of the month, global assets under management stood at $239 billion at the close of July.
Last week was a big week for precious metals. Gold broke above $2,000 an ounce and kept climbing, pushing over $2,075 later in the week. Meanwhile, silver blew through $28 and $29 ounce on Thursday and knocked on the door of $30. But even with another week of solid gains, there still seems to be a lot of skepticism about precious metals. Peter talked about gold's bull run on his podcast and said it's the most unloved gold bull market he's seen in his entire career.