Precious metals are apparently waking up. And here is where you can find the best deals.
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The Persistently Weak Jobs Market Is Worrying Economists, Who Say a Recovery Could Take YearsJul 30, 2020 - 12:40:22 PDT
The latest data casts doubt on how long it will take the economy to recover and for the millions of lost jobs to come back.
Even as unemployment levels remain at historic highs and cases of the virus show no sign of abating, statewide eviction moratoriums in more than 30 states have now lifted and protections for renters in the CARES Act are gone. Two families tell their stories.
Democrats in the California state legislature this week proposed a tax hike on the state's highest earners to help pay for schools and services hurt by the pandemic.
Jul 30, 2020 - 12:05:33 PDT
Lebanon could face its biggest crisis since its Civil War, economists are warning as the country's currency hits new lows. Lebanon is now the first country in the Middle East and North Africa to see its inflation rate exceed 50% for 30 consecutive days...
But when implemented, the Fed will have as much success as the Bank of Japan. In other words, none.
A $10 Trillion Corporate Debt Bomb Is Waiting to Explode the U.S. EconomyJul 30, 2020 - 11:44:13 PDT
Even before the pandemic reached its height, the IMF was warning in January that the world's largest economies like the U.S. were unprepared for a slowdown.
Coronavirus Relief Deal Looks Elusive in Congress as U.S. Economy CratersJul 30, 2020 - 11:19:24 PDT
It is unclear when Democrats and Republicans will resume talks on another coronavirus relief bill as key unemployment benefits expire.
The $600 Unemployment Boost Is Almost Over. For Some, Aid Will Fall by 93%Jul 30, 2020 - 11:17:22 PDT
A $600 boost in weekly unemployment benefits ends July 31. The average person can expect a 65% drop in aid, according to Labor Department data. It will be more dramatic for some in certain states.
No federal bailout or stimulus can reverse these three dynamics, and no amount of legerdemain can replace the spending of the top 10%.
Economists worry about the numbers, What can we do to get more of it? The answer is always spend more money with deficits and debt soaring as a result.
Precious Metals Warn Of Increased Volatility Ahead, Last Chance To Buy Gold & Silver at DEEP Discounts?July 30, 2020
Could the patterns in precious metals be a warning of another potential volatility spike and price decline in the near future?
Modern monetary theory, which is now experiencing its fifteen minutes of fame, contains a number of strange and counterintuitive propositions.See Dan Sanchez, "War Is the Health of the…Economy?,"...
Shelton Derangement Syndrome: Which Republicans Will Side with Fed Groupthink?: MisesJul 30, 2020 - 10:47:11 PDT
Judy Shelton’s long and bumpy Federal Reserve nomination cleared an important hurdle last week when the Senate Banking Committee voted on party lines to send her for final consideration before the full Senate.
Baruch says the charts suggest $26 per ounce could be the next hurdle, a level of resistance stretching to 2011 that could now become support. If it moves past that, he says ”$30 could be in the cards, too.”
Silver prices are rising because of a fear of inflation and uncertainty over when the global economy will recover.
I've had it with the virus panic, riots, looting, property destruction and grandstanding politicians.
The man who said "A gold standard is to the moochers and looters in government what sunlight and garlic are to vampires" has passed away...
Food insecurity for U.S. households last week reached its highest reported level since the Census Bureau started tracking the data in May, with almost 30 million Americans reporting that they’d not had enough to eat at some point in the seven days through July 21.
Changing economic conditions can trigger various side effects, including an uptick in inflation. When inflation leads to rising prices and a decline in the purchasing power of money, your dollars and cents don't stretch as far. Hyperinflation is an extreme …
The gold price, which historically has had an inverse correlation with the dollar, hit a record of more than $US2000 an ounce on Monday as risk-averse investors fled the traditional safe haven of US Treasury securities.