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The Ballooning Money Supply May Be the Key to Unlocking Inflation in the U.S.Aug 5, 2020 - 10:43:15 PDT
Investors are keeping a close eye on a surge in the U.S. money supply for signs of inflation's long-awaited return.
Some of the most popular online high-yield savings accounts, including Goldman Sachs, Synchrony and Barclays, have dropped interest rates below 1%.
39% of Younger Millennials Say the Covid-19 Recession Has Them Moving Back HomeAug 5, 2020 - 10:41:03 PDT
About 39% of younger millennials (defined here as ages 24 to 29) say they are either planning or have already moved back in with their parents because of the economic downturn, according to a recent survey by TD Ameritrade.
Trump Serious About Using Executive Order To Extend Stimulus, Cut Dems Out Of Deal: FoxAug 5, 2020 - 10:39:33 PDT
"...Maybe it is a bluff but he also thinks he can get @Microsoft to pay him to approve its @tiktok deal. If he goes through..."
Why Some Retirees Could Face Reduced Social Security Benefits Unless Congress ActsAug 5, 2020 - 10:08:56 PDT
The Covid-19 pandemic could prompt an unprecedented drop in the Average Wage Index, which would hurt the Social Security retirement benefit calculations for people born in 1960. As Congressional lawmakers propose their own fixes for the problem, experts say near retirees should delay taking benefits, if they can.
Do You Think The Availability Of Silver Bullion Is A Problem Now… We Haven’t Seen Anything Yet
For unabashed gold bulls, there are trillions of dollars in the bond market just ready to snap the metal up in a world short on hedges but big on risk. Spurred on by real yields at record lows and monetary dangers ahead, asset allocators are primed to start ditching some of their government...
Even Though $600 Unemployment Boost Lapsed, Congress Likely Will Make New Aid RetroactiveAug 5, 2020 - 09:07:29 PDT
Whenever Capitol Hill decides on the next round of federal unemployment benefits, those payments likely will be retroactive to when the $600 lapsed, experts say.
The $600 Unemployment Boost Is Gone. Now 6 Million Americans Can’t Pay Their BillsAug 5, 2020 - 08:47:21 PDT
A $600-a-week supplement to unemployment benefits leaves millions of Americans without enough cash flow to pay bills in August.
The move to get displaced workers back to their jobs slowed sharply in July, with private payrolls increasing by just 167,000, ADP reported Wednesday.
The cost of groceries has been rising at the fastest pace in decades since the coronavirus pandemic seized the U.S. economy, leading to sticker shock for basic staples like beef and eggs and forcing struggling households to rethink how to put enough food on the table.
ISM Services Smashes Expectations On Record High New Orders, But Employment And Trade CollapseAug 5, 2020 - 07:59:33 PDT
The jump was driven almost entirely by a record surge in New Orders which have exploded from a record low 32.9 in April to a record high 67.7 in July.
Thousand dollar milestones will start dropping like dominos...
Gold Just Hit a Fresh Record High — but Some Say Silver Is Set to OvertakeAug 5, 2020 - 07:23:11 PDT
Michael Hsueh, a commodities and foreign exchange strategist at Deutsche Bank, told CNBC he expects silver to outperform gold.
As gold surpasses $2,000 an ounce, one important part of the market has been left behind.
Gold is the best investment in the world today and it’s poised to go much higher in the years ahead; we want you on board the gold train as it pulls out of the station, asserts Mary Anne Aden and Pamela Aden.
Why Are GOLD & SILVER SURGING RIGHT NOW? (Spoiler Alert: The Fed, The US Treasury, & The APOCALYPTIC Nuclear Bomb-...August 5, 2020
Gold has breached $2,060, and silver's testing $27.25. Here's an update...
Treasury Announces Record $112BN Quarterly Debt Sale, Unveils Tsunami Of New Bond IssuanceAug 5, 2020 - 07:10:46 PDT
With Treasury yields plumbing all time lows, it is only reasonable that the US Treasury will flood the market with as much new debt as it can handle... and then some.
As you read through the piece, you realize that the Fed actually believes they are similar to the Wizard of Oz. The central bankers are finalizing a year-long policy review that is likely to end in a set of policy recommendations to keep interest rates artificially low for a number of years as they attempt to increase inflation and decrease joblessness.
Most people remain blissfully ignorant of the economic wounds inflicted on the US economy by the government-imposed economic shutdowns in response to the coronavirus. But every once in a while, the curtain blows back and we catch a glimpse of the damage.For example, a report released last week by global advisory firm Stout, Risius and Ross estimated that Americans currently owe more than $21.5 billion in past-due rent.