Precious metals are apparently waking up. And here is where you can find the best deals.
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Investors are ramping up wagers on the falling currency, believing the surge in coronavirus cases will hamper U.S. business activity and drive even more government spending
India's worsening economic outlook as coronavirus cases soar has raised the chance the central bank will cut interest rates at its policy review on Thursday, in spite of inflationary pressures.
...we may be on the brink of an inflationary period, which would be bad for both stocks and bonds. The Fed has been flooding the financial system with cash: In just three months, assets held by the Fed ballooned by two-thirds, to almost $7 trillion, from $4.2 trillion in early March.
The Fed can print trillions for bonds, but can't come up with a couple of quarters to do its laundry...
"Growth of new orders remains lacklustre and backlogs of work continue to fall, hinting strongly at the build-up of excess capacity..."
Much of the sell-off has come during New York trading hours, suggesting domestic investors are closing out bets on U.S. strength and spurring renewed questions about the supremacy of the dollar. Meanwhile, a popular model that’s guided dollar traders for the past two decades has warped.
“While we expect the Fed to maintain status quo for its policy interest rate, we believe the Fed will still ease monetary policy further especially when the expectation of an ‘unprecedented’ 2Q comes to pass.
The rebound in growth in the third quarter is more muted than expected, meaning a higher unemployment rate at the end of the year, said Dallas Fed President...
Is your gold at risk?Some people think it is. They believe the US government might one day come and confiscate their gold. After all, hasn't it happened before?Well, not exactly.
July was a month for the record books.The Nasdaq and the S&P 500 had their highest monthly closes ever. Meanwhile, gold broke its all-time price record and is knocking on the door of $2,000 an ounce.On the flip side of stocks, gold and silver going up, the dollar going down. In fact, Peter said that's a better way to look at it.
I believe this huge $4 correction in just a few hours was likely initiated by Big Traders (Bullion Banks) to liquidate a portion of their short positions as the silver price was getting out of hand.
Gold at $3000 an ounce sounds like an optimistic tip but there are two reasons to take that price seriously with the most important being that gold actually needs to get close to $3000/oz before it reaches a genuine all-time high.
According to the quantitative models created by Bank of America (BofA), the US dollar weakness here to stay. Key quotes “USD downward trajectory will continue.
The rare event of a general depreciation of the world’s leading currency suggests a fundamental lack of faith that could sink financial markets and undermine the global economy.
Fed’s Kashkari Suggests 4–6 Week Shutdown; Says U.S. Congress Can Spend Big on Coronavirus ReliefAug 3, 2020 - 05:31:59 PDT
The U.S. economy could benefit if the nation were to "lock down really hard" for four to six weeks, a top Federal Reserve official said on Sunday, adding that Congress can well afford large sums for coronavirus relief efforts.
The U.S. Treasury will announce its borrowing plans for the next three months this week, with that blueprint expected to show a shift from astronomical bill issuance -- close to $2.5 trillion -- to record sales of notes and bonds. Wall Street seems to agree that the department will lean on the 10-, 20-, and 30-year maturities as it fills an historic funding gap that the pandemic is blowing wider.
The U.S. central bank is preparing to effectively abandon its strategy of pre-emptively lifting interest rates to head off higher inflation, a practice it has followed for more than three decades.
Any remaining hope that the coronavirus that’s pushed the U.S., Europe and much of Asia into historic economic downturns would take a holiday was all but crushed this week.
While it is true that inequality has been building for decades, this trend has worsened markedly since the 2008 crisis. Much more so of late.
Credit-card debt in the U.S. and other advanced economies has unexpectedly dropped.