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Coronavirus Relief Talks Grind to a Near Halt, Dimming Chances of a Stimulus DealAug 7, 2020 - 08:35:56 PDT
Democrats and the Trump administration have made little progress on a coronavirus relief bill as President Trump considers executive action.
A current headline says “fears of currency debasement drive gold price higher”. Seems reasonable; and it is. Historically, governments have been “debasing” their currencies …
We all want gold, right? We like gold things.Athletes compete for the gold medal. We give our loved ones gold jewelry. When something is great, we say it's the gold standard.But there have been some pretty atrocious things made with gold. Here are my top-five awful uses for gold.
Aug 7, 2020 - 08:05:40 PDT
The governor of the Bank of England has told Sky News that the idea of negative interest rates has been added to its "toolbox" of possible support measures for the UK economy during the coronavirus crisis.
The reliance on "good news" narratives dooms our financial system and economy to a death spiral once reality breaks through the induced euphoria.
What might the end game look like?
Good wealth management is all about diversification. If you’re unsure of Trump’s wartime strategies, add some of gold and China exposure to your portfolio.
Investors flocked to cash, gold and investment-grade bonds, BofA's fund flow statistics showed on Friday, as the United States awaited approval from Congress for further stimulus.
Last week, gold broke its all-time record. This week, the express elevator kept going right up taking both gold and silver with it. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about gold's push above $2,000 an ounce and silver's even bigger gains. He also talks about the dynamics driving precious metals higher and why he doesn't think we're anywhere near the top floor.
Thin turned bearish on the currency in April when the Federal Reserve began flooding the market with dollars as part of its aggressive virus relief plan.
Aug 7, 2020 - 06:40:52 PDT
The dollar is at its most oversold level in over 40 years, investment bank Morgan Stanley said on Friday, adding it had now shifted from its dollar-bearish stance and turned "tactically neutral" on the U.S. currency.
Gold & Silver Knee-Jerk Higher On Back Of Jobs Report And Trump Claims To Have Brought Back THOUSANDS Of Factories And ...August 7, 2020
Ignore the pesky fact that 1,000,000+ people have filed for unemployment for the very first time for the 20th week in a row. The job market's booming!
It may come as a surprise to some, but when Trump said to expect another "big number" from today's jobs report, he was spot on.
Two months of record-setting payroll growth slowed in July but was still better than Wall Street estimates even as a rise in coronavirus cases put a damper on the struggling U.S. economy.
32% of Americans Had Outstanding Housing Payments at the Beginning of AugustAug 7, 2020 - 05:33:43 PDT
The finances of many Americans have deteriorated over the past few months as state reopenings have faltered and the unemployment rate remains sky-high.
Nevada is currently suffering the worst insured unemployment rate in the U.S., according to the Department of Labor.
Borrowers Are Still Having Their Paychecks Seized Over Defaulted Student LoansAug 7, 2020 - 05:30:35 PDT
The CARES Act was supposed to halt wage garnishment for defaulted student-loan borrowers, but a lawsuit says it's still happening.
End of QE, Week 8: Fed’s Assets Fall by -$4 Billion for the Week, Down -$224 Billion Since June 10Aug 7, 2020 - 05:29:29 PDT
The Fed is funding consumption circuitously via Treasuries and government stimulus spending, shifting impact from asset prices to consumer prices.
Howard Marks, co-founder and co-chairman at Oaktree Capital, the largest investor in distressed securities worldwide, warns the Federal Reserve and U.S. Treasury can't keep stimulating the economy forever.
Aug 7, 2020 - 05:17:45 PDT
With yields low, I'm conscious of the Fed actions that could distort market pricing but I would prefer not to go down the path of YCC.