Precious metals are apparently waking up. And here is where you can find the best deals.
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Issuing the world’s reserve currency comes at too high a price.
(Bloomberg) -- Tech and pharma may be getting the attention these days, but three mining billionaires are quietly padding their fortunes with an investment that’s decidedly more old school.Saudi Arabia’s Mohammed Al Amoudi and Russia’s Alexander Nesis and Suleiman Kerimov have the largest exposure to
50 million Americans are working with a child under 14 at home. 434 tons of gold were purchased by ETFs in the second quarter. And the average age of cars on the road hits double digits.
A move to about $1700 or lower is likely in the cards...
China on Thursday accused the United States of stoking a new Cold War because certain politicians were searching for a scapegoat to bolster support ahead of the U.S. presidential election in November.
They’ve been billed as a solution to the rock-bottom interest rates weighing down the returns of America’s asset managers.Collateralized loan obligations -- which package and sell leveraged loans into chunks of varying risk and return -- have been touted as safe, high-yielding alternatives...
Ravaged by Coronavirus, Mexico’s GDP Falls Record 17.3% in Second QuarterJul 30, 2020 - 06:42:20 PDT
Mexico's economy contracted by double digits in the second quarter as the coronavirus pandemic ravaged Latin America's second-largest economy and shut factories, kept shoppers and tourists at home and upended trade, data showed on Thursday.
As gold was closing in on its all-time record price last week, Peter Schiff appeared on the Claman Countdown and warned about the looming dollar crisis.Claman set up the interview pointing out that Peter predicted this big move up in gold months ago and asked, "What's your new prediction about the dollar?"
The German economy contracted at its steepest rate on record in the second quarter as consumer spending, company investment and exports all collapsed during the peak of the COVID-19 pandemic, wiping out nearly 10 years of growth.
Worst. Quarter. Ever.
Continuing Jobless Claims Spike As Almost 50% Of Lost Jobs "May Be Gone Permanently"Jul 30, 2020 - 06:30:54 PDT
In April, 78% of those in households experiencing job loss felt that that situation would be temporarily. But now, 47% think that job loss is likely to be permanent...
After the June Federal Open Market Committee (FOMC) meeting, Fed Chair Jerome Powell committed to “do whatever we can, for as long as it takes.”Nothing has changed — the July meeting was rewind and replay.
The Federal Reserve took little action at its meeting this week, but sent plenty of dovish signals to investors — highlighting its worries about the impact of coronavirus on a US recovery, its hopes that Congress will renew fiscal stimulus, and its willingness to add monetary support.
Nearly 100 million people reported no pay in the reference week. Of them 37,744,514 were retired.
Fed Chief Says Coronavirus Surge Starting to Dent U.S. Economic RecoveryJul 30, 2020 - 05:12:50 PDT
The surge in U.S. coronavirus cases is beginning to weigh on economic activity, the head of the Federal Reserve said on Wednesday, and he promised the U.S. central bank would "do what we can, and for as long as it takes," to limit damage and boost growth.
In Unprecedented Move, Congress Proposes Taxpayer-Funded Bailout Of $550 Billion CMBS IndustryJul 30, 2020 - 05:11:48 PDT
And the real shocker: new taxpayer capital will come in junior to the existing insolvent debt. One really can't make this shit up anymore.
“I’ve applied for all the grants and loans, I have maxed out my credit card, used my company’s reserves, spent my savings,” she said.
U.S. Treasury Makes $10 Billion Loan Available to Postal Service as Part of Coronavirus ReliefJul 30, 2020 - 05:01:59 PDT
The U.S. Treasury said on Wednesday it has reached a deal with the U.S. Postal Service on the conditions of a loan of up to $10 billion that was included in recent coronavirus relief legislation.
U.S. Renters Owe $21.5 Billion in Back Rent; Republicans Offer No Eviction ReliefJul 30, 2020 - 04:59:51 PDT
More than $21.5 billion in past-due rent is looming over Americans struggling to make ends meet, global advisory firm Stout, Risius and Ross estimated on Wednesday, as Republicans and Democrats fight over a new COVID-19 relief package.
Markets Will Have ‘Severe Problems’ if Congress Can’t Reach Stimulus Deal by Mid Next Week: MinerdJul 30, 2020 - 04:48:44 PDT
Scott Minerd, chief investment officer of Guggenheim Investments, told Bloomberg on Wednesday that the markets will start to have "severe problems" if Congress can't reach a deal on a new coronavirus relief package by the middle of next week.