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The Impact of Global Stimulus and Looming Inflation on the Precious Metals MarketJul 17, 2020 - 05:37:57 PDT
A global recession is clearly underway at this point. But worse still is the looming potential of stagflation.
Torrent of 2.4 million new claims under state & federal programs. PUA claims by gig workers now 45% of total unemployment. Many people are hired back, but many are newly laid off. Labor market…
European Union leaders met on Friday for tense summit talks on a multi-billion-euro plan to breathe life into their economies, their first face-to-face meeting since the coronavirus pandemic plunged the bloc into its latest crisis.
Negative U.S. Interest Rates Could Be the Norm Next Year and All Through to 2023Jul 17, 2020 - 05:25:58 PDT
Fed funds futures have implied negative rates next year on-and-off since May, when the contracts priced them for the first time.
Wall Street economists are increasingly predicting the Bank of England will take further action to revive growth in coming months as the U.K. recovery from the coronavirus recession proves lackluster.
The U.S. Federal Reserve's stash of bonds and other assets rose for the first time in more than a month, even as many of its emergency lending facilities continued to get little use and a new lending program designed to help small and medium-sized companies hurt by the coronavirus crisis got off to a slow start.
BofA predicts balance sheet expansion to resume too; its analysis shows every major central bank will end 2020 with a bigger balance sheet than now.
With each passing month, the filings have become prominent as restaurants struggle with tepid traffic, mountains of debt and sky-high rent after being allowed to reopen by states.
‘China’s Goal Is to Replace You’: Barr Warns Leaders of America’s Biggest BusinessesJul 17, 2020 - 05:04:45 PDT
U.S. Attorney General Bill Barr delivered a blistering critique of the Chinese Government Thursday and singled out U.S. business leaders as complicit in the country's rise.
CDC Bans U.S. Cruises Through September, Citing ‘Ongoing’ Coronavirus Outbreaks on ShipsJul 17, 2020 - 05:02:21 PDT
The CDC added that it remains concerned about a number of elements of the companies' return-to-sailing plans, including failing to close self-serve buffets, gyms and salons.
Coronavirus Live Updates: CNBC, U.S. Shatters Record Single-Day Spike in CasesJul 17, 2020 - 04:54:57 PDT
The coronavirus has infected more than 13.83 million people around the world as of Thursday, killing at least 590,600 people.
Every since the outbreak of covid-19 we've wondered why the virus hits some people like a ton of bricks while barely inconveniencing others.
Bullish price targets for gold from Wall Street banks after a big move has occurred already is a signal to take some profits or hedge...
Silver prices have increased by almost 60% since March 2020. The price increase has been driven by dramatically increased physical demand.
Fed Needs Stronger Forward Guidance to Convince People ‘We’re Really in It to Win It,’ Evans SaysJul 16, 2020 - 12:54:01 PDT
The U.S. central bank should adopt strong forward guidance to convince the market that ‘‘we’re in it to win it,” said Chicago Fed President Charles Evans on Thursday.
The spotlight is squarely back on Washington again. How elected officials resolve their standstill will go a long way toward determining whether those tens of billions of dollars of provisions at U.S. banks turn into real losses or simply reflect an economic calamity that never came to pass.
The second quarter was probably the worst for the U.S. economy since at least the end of World War II, but it ended on a high note. Now the economy is approaching a crucial juncture, with its fate in the hands of local and national politicians.
The global economy is like a bicycle laden with enormous boxes of debt, ridden by drunken central bankers hoping to stuff more debt into the boxes despite the debt deflation consequences of their actions.
Pelosi Says Coronavirus Aid Bill Will Cost at Least $1.3 Trillion, but ‘That’s Not Enough’Jul 16, 2020 - 11:35:23 PDT
Congress has only days to pass another coronavirus relief bill before a key unemployment insurance benefit expires.
Unlimited Government: Central Banks and Federal Spending During the Corona CrisisJul 16, 2020 - 11:28:16 PDT
Q: We’re in a very odd situation right now in terms of evaluating the state of the economy. We can see there is rising unemployment and there is likely to be a wave of missed mortgage and rent payments. Is this all just due to the government-mandated “shutdowns” or are there deeper economic issues here?