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Gold Price: Wall Street Banks Expect Record Highs While New Stimulus Bill Negotiations BeginJul 20, 2020 - 09:12:08 PDT
In the US, the next round of stimulus talks will begin today. The new stimulus package conversation between Democrats and Republicans is about saving the US economy from stalling.
The crisis will likely change the restaurant industry forever. Experts say that the pandemic and related health concerns may prove to be the death knell for buffet-style restaurants, and the once-thriving "eatertainment" segment is under pressure.
Global real estate investment fell by 33% in the first half as the coronavirus pandemic battered economies and disrupted deals.The Asia-Pacific region took the biggest hit, with volumes down 45% from the year-earlier period...
At this point in its history, the U.S. was not much better off financially than a banana republic. Total liabilities were $54 million in national debt, coupled with $25 million in state debt.
It is better for European Union leaders to agree an ambitious financial aid package for the bloc rather than to have a quick deal at any cost, European Central Bank President Christine Lagarde said on Sunday.
‘Don’t Get Greedy’: Mark Cuban Warns Investors of Stock Similarities to 1990s Dot-Com BubbleJul 20, 2020 - 08:35:15 PDT
The billionaire businessman Monday on CNBC compared the stock market's big run-up from its late March coronavirus low to the 1990s tech frenzy.
The deficits being incurred in response to the pandemic pose a serious danger.
The Odds Are Stacked Against Investors In A Post-Covid Economy: Lance RobertsJul 20, 2020 - 08:15:38 PDT
The "Pavlovian" response to monetary interventions pushed "risk-taking" to extremes, but the odds are stacked against investors in a post-COVID economy.
With unemployment at levels unseen since the Great Depression — the worst economic downturn in the history of the industrialized world — one has to be wondering if the country will eventually dip into a major depression.
Congress Returns With Only Days to Pass New Coronavirus Relief as Pandemic RagesJul 20, 2020 - 07:47:10 PDT
Congress is working on a tight timeline to pass another coronavirus relief bill as key unemployment insurance is set to expire.
Jul 20, 2020 - 07:42:39 PDT
Zimbabwe continued on its march back to hyperinflation in June, adding to the nation’s economic woes.
Accelerating even in this usually-weak summer season, the massive capital inflows deluging into silver show no signs of abating. This is very bullish for silver, yet most traders remain unaware it is happening.
Silver Hits $20 For The First Time Since 2016... And Why It Will Go Much HigherJul 20, 2020 - 07:30:18 PDT
For the first time since September 2016, Silver futures just broke above $20...
Pan American Silver announced today the suspension of two of its silver mines in Peru due to several workers testing positive for the COVID-19 virus. The two silver mines in Peru accounted for 6.3 million ounces of silver output for Pan American Silver in 2019.
Citi Says It’s ‘Only a Matter of Time’ Before Gold Hits a Record and Silver to $30.00 ShortlyJul 20, 2020 - 07:09:11 PDT
Bullish factors building in the gold market are set to see prices take out the record set in 2011, according to Citigroup Inc.The metal is benefiting from loose monetary policy, low real yields, record inflows into exchange-traded funds and increased asset allocation...
The Federal Reserve's monetary Hail Mary is blowing up bubbles throughout the economy. Peter Schiff has been talking about this for months, but the phenomenon has been mostly ignored by the financial media. The Fed's monetary stimulus is almost universally spun as prudent and necessary. But last week, the mainstream media suddenly spotted the bubbles. Reuters declared, "Federal Reserve's $3 trillion virus rescue inflates market bubbles."
Peter Schiff recently did an interview with Johnny Bravo. They talked about the gold standard, inflation, the looming dollar crisis, presidential politics, and the foolishness of Modern monetary theory.Johnny opened up the show declaring that governments will never allow a gold standard. They hate gold. Why?
As global stock markets tick further into unchartered territory, another asset class has been catching investors' eyes: Gold. CNBC Make It spoke to the experts to find out whether now is a good time to invest.
Policy makers in the US will resume contentious talks this week on another round of stimulus that could prove critical to the still-fragile recovery of the world’s largest economy.
It stands as the biggest economic rescue in U.S. history, the $2.2 trillion coronavirus relief bill swiftly approved by Congress in the spring. And it's painfully clear now, as...