Precious metals are apparently waking up. And here is where you can find the best deals.
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Congress—Not The Fed—Must Solve The State And City Financial Meltdown: ForbesJul 22, 2020 - 09:08:23 PDT
State and local governments face a massive revenue shortfall, and more revenue is the answer, not more debt.
As U.S. stocks climb to their most expensive levels in two decades, the executives in charge of the companies benefiting from the rally are showing signs of anxiety.Corporate insiders, whose buying correctly signaled the bottom in March, are now mostly sellers.
Former Fed Vice Chair Blinder Says Cutting Government Aid Would Be a ‘Catastrophic Mistake’Jul 22, 2020 - 08:33:56 PDT
Former Federal Reserve Vice Chairman Alan Blinder said Wednesday that cutting government aid would be a "catastrophic mistake."
“It seems the precious metal has been caught up in the perfect storm,” says Jeroen Blokland, senior portfolio manager at Robeco Asset Management.
Just explaining what professional traders are looking at. This is only describing the short-term paper price move in silver, not the longer-term excellent fundamental reasons why silver will be one of the best assets to own and to protect wealth in the future.
Why the U.S. and most other economies abandoned linking their currencies to gold.
But even though we’re staring at day-to-day deflation right now, with lockdowns hitting demand for most products beyond the essentials, make no mistake: the ingredients for inflation are there.
The Feared Jumbo Mortgage Debacle Is Here – Ready to Pound the Housing MarketJul 22, 2020 - 07:14:00 PDT
COVID-19 pandemic is squeezing borrowers’ ability to stay in their homes, writes Keith Jurow.
Existing Home Sales Rebound By Most Ever In June (But Miss Expectations Despite Record Low Rates)Jul 22, 2020 - 07:13:04 PDT
“This revitalization looks to be sustainable for many months ahead as long as mortgage rates remain low and job gains continue.”
As details emerge from the EU's spending stimulus, it's clear the marathon Covid stimulus summit was a complete failure.
The world is drowning in debt.And central bank policies globally are encouraging even more borrowing. Most people don't seem to care. "This is necessary during this time of crisis," has become the mantra. But the ugly truth is the world was already drowning in debt before the coronavirus pandemic. The government response to COVID-19 has merely exacerbated the problem. And it's important to understand that debt is neither free nor irrelevant.
Silver surged to the highest in almost seven years and gold continued its march toward a record on expectations there’ll be more stimulus to help the global economy recover from the coronavirus pandemic.I
They call it the big bang transition, the day when European interest-rate derivatives markets finally shift to a new benchmark next week.
Jul 22, 2020 - 05:26:23 PDT
European banks are facing as much as €800bn in loan losses and a €30bn hit to their revenue over the next three years as a result of the coronavirus crisis, according to a report from Oliver Wyman, the Financial Times reported.
Jul 22, 2020 - 05:19:15 PDT
Japan’s government upgraded its assessment of the economy in July for a second month, saying conditions are picking up even as they remain severe amid reopening from coronavirus shutdowns.
Hurting the Hong Kong Dollar Peg Could Come at a ‘High Cost’ to the Greenback, Strategist SaysJul 22, 2020 - 05:12:16 PDT
While U.S. President Donald Trump could realistically attack the Hong Kong dollar's peg to the greenback, the cost would be "very high," said Becky Liu, head of China macro strategy at Standard Chartered Bank.
Jul 22, 2020 - 05:11:08 PDT
Thailand and Taiwan may be added to the US watchlist for currency manipulation after meeting all of the criteria set out by the Treasury Department, according to UBS Group.
The U.S. Dollar Is Getting Punched & Its Outlook Doesn’t Look Great, Some Experts SayJul 22, 2020 - 05:05:51 PDT
The U.S. dollar is taking a beating on Wall Street, as measured by one popular index.
On July 21, we reported that silver had powered above $20 an ounce and was at a six-year high. The very next day, the white metal blasted through $21 an ounce and was approaching $22. So what does silver's breakout really mean? Peter Schiff talked about it in his podcast.
U.S. State Department Orders China to Close Consulate in Houston as Beijing Vows RetaliationJul 22, 2020 - 04:49:33 PDT
The move comes as political tensions between the world's two largest economies continue to escalate.