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Wall Street Braces for Poor July Jobs Report After Coronavirus Spike in Some American StatesAug 6, 2020 - 10:46:01 PDT
The U.S. economy probably suffered a steep decline in hiring and job creation in July, but rarely has Wall Street been so flummoxed about the state of the...
Stark evidence of the damage the resurgent viral outbreak has caused the U.S. economy could come Friday when the government is expected to report that the pace of hiring has...
NY Fed Q2 Report: "Total Household Debt Decreased in Q2 2020, Marking First Decline Since 2014"Aug 6, 2020 - 10:18:59 PDT
The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which shows that total household debt decreased by $34 billion (0.2%) to $14.27 trillion in second quarter of 2020.
Upon departing the Oval Office for Ohio, I’ve notified my staff to continue working on an Executive Order with respect to Payroll Tax Cut, Eviction Protections, Unemployment Extensions, and Student Loan Repayment Options.
Gold Rising to $4,000 an Ounce ‘Would Not Be an Unreasonable Move,’ Fund Manager SaysAug 6, 2020 - 08:57:53 PDT
Michael Cuggino of the Permanent Portfolio makes the case that gold is still relatively cheap, despite its 35% increase this year.
Since the first news of pandemic in late January, I’ve been discussing potential accelerants to the unraveling of our fragile financial system.
U.S. Stocks at the Swiss National Bank Balloon to Record: How it Keeps that Racket GoingAug 6, 2020 - 08:50:54 PDT
The SNB Top 40. As long as the SNB can bamboozle global speculators into chasing after the incredibly watered-down tiny Swiss franc…
With no imminent end to collapsing real yields - which just hit a new record low -1.10%, the side effects of financial repression warn of stagflation, asset bubbles and policy impotence.
Foreign purchases of U.S. homes dropped to the lowest level since 2013, a boost for domestic buyers at a time when inventory has been tight.
Apartment contracts in Manhattan fell by more than half in July, while deals in many New York suburbs more than doubled, showing a continued flight from the city over the summer.
The Federal Reserve is considering abandoning its longtime inflation strategy. That could be the death knell of rock-bottom mortgage rates.
30-year fixed-rate mortgage averages 2.88% for the week ending Aug. 6, 2020, the lowest rate in Freddie Mac's Primary Mortgage Market Survey history dating to 1971.
Nasdaq-Listed Company, Wary of Looming Dollar Inflation, Turns to Bitcoin and GoldAug 6, 2020 - 07:02:34 PDT
“If you have large dollar values and you're hoping for any kind of return on them, that's faded,” said CEO Michael Saylor. “Gold, silver and bitcoin are showing strength.”
Gold Traders go Long, Over Global Debt and Excessive U.S Dollar LiquidityAug 6, 2020 - 06:55:46 PDT
Gold prices continued its record highs at London’s trading session, on Thursday, as the greenback indicator, U.S Index plunge close to its two year low.
Are the shorts getting overrun? Given the large amount of silver that might stand for delivery this September, it's possible that we could be nearing the...
The price of silver broke above $28 an ounce Thursday morning.In the last 30 days, silver has gone up by nearly 54%. On the year, the white metal is up over 71%.Even with these big gains, silver remains historically undervalued compared to gold.
Gold Prices Up for Fifth Record in a Row as Bullion Enters ‘Euphoric Phase’ of Rally – Silver SurgesAug 6, 2020 - 05:42:34 PDT
Gold futures on Thursday appear set to extend a record rally to a fifth straight day, with a muted dollar and lackluster moves in equities unlikely to deter...
Ahead Of "Big Jobs Numbers", Initial/Continuing Claims Offers 'Positive' SurpriseAug 6, 2020 - 05:40:06 PDT
Initial Jobless Claims was above a million last week for the twentieth straight week...
Cuomo Begs Wealthy New Yorkers to Come Back to Save the City, Lawmakers Want to Raise Their TaxesAug 6, 2020 - 05:35:32 PDT
Gov. Andrew Cuomo is begging wealthy New Yorkers to return to the city to save it from economic ruin while fighting off calls from other lawmakers to raise their taxes - a move he fears could permanently drive the top 1 percent out of the city.
Investors should consider the risk of a successful coronavirus vaccine unsettling markets by sparking a sell-off in bonds and rotation out of technology into cyclical stocks, according to Goldman Sachs Group Inc.The increased probability of an approved vaccine by the end of November is...