Precious metals are apparently waking up. And here is where you can find the best deals.
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Democrats and Republicans have returned to Washington with the intention of hammering out a new coroanvirus stimulus package. While many Americans hope another set of stimulus checks makes it into the legislation, other aid could take priority.
EU Leaders Reach $2 Trillion Deal on Recovery Fund After Marathon SummitJul 21, 2020 - 04:50:26 PDT
The EU has agreed to raise 750 billion euros from public markets to mitigate the economic shock from the pandemic.
The coronavirus has infected more than 14.7 million people around the world as of Tuesday, killing at least 610,560 people.
Join Mike Maloney as he explains what the latest moves for silver and gold could possibly mean for the global economy. It’s all here in today’s update, thanks for sharing the video.
And the silver price just hit $19.70 per ounce as I write this– a gain of 68% in just four months.
After gold futures’ shot at nine-year highs, it was bullion’s turn on Monday to reach 2011 peaks. But the real story of the day in precious metals was in silver, which hit four-year peaks in a rally many thought was long overdue.
The cognitive dissonance required to ignore the widening gap between the real economy and the fraud's basic machinery--speculation funded by "money" conjured out of thin air--has reached a level of denial that can only be termed psychotic.
The odds of a significant market correction between now and November are rising. That is, unless, D.C. agrees to dig a much bigger fiscal hole to stick its head into. Of course, we are still headed for a more permanent wipeout of these asset bubbles once the stagflation sets in.
Remember “green shoots?” That was the ubiquitous phrase used by White House officials and TV talking heads in 2009 to describe how the U.S. economy was coming back to life after the 2008 global financial crisis.
The Fed is going to buy stocks. I don’t know precisely when (sorry day traders), but it will happen, and probably soon.
Bernanke and Yellen Say the Fed Needs to Find Out Why the Market Broke Down in MarchJul 20, 2020 - 11:53:34 PDT
Former Federal Reserve chairs Ben Bernanke and Janet Yellen are raising questions about the role hedge funds played in the March market tumult.
Finance chiefs of the Group of 20 major economies say the global economy is expected to "contract sharply" this year due to the coronavirus pandemic.
With Millions of Americans Out of Work, Relief Measures in the CARES Act Are Coming to an EndJul 20, 2020 - 11:01:58 PDT
Most of the relief measures in the CARES Act are about to expire. Yet millions of Americans are still suffering financially amid the pandemic.
America isn’t going to reopen much more until the populace is convinced that the pandemic is under control.
Employers are using pay cuts to stay afloat during the recession, an unusual move that could signal deep damage to the labor market.
Business executives who were bracing for a monthslong disruption due to the coronavirus are now thinking in terms of years. Their job has changed from riding it out to reinventing roles and strategies.
GOP Stimulus Bill To Include Payroll Tax 'Deferral' And Direct Payments, Reduced Unemployment BoostJul 20, 2020 - 10:33:13 PDT
"It’s a tremendous saving and an incentive for companies to hire their workers back and to keep their workers"
Richard Koo, Chief Economist at Nomura Research Institute. Too is famous for his work on balance sheet recessions, a rare type of recession where drastic liquidity injections fail to increase the money supply because they remain trapped in the financial system...
Bingo. The notion that a bunch of wizards sitting in a room can divine the correct interest rate and rate of inflation to steer the economy is proven nonsense.
See here: "We expect the US dollar to follow a path of reduced dominance and weaken over the long term," Nomura said this week in a report to clients.