Precious metals are apparently waking up. And here is where you can find the best deals.
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The small decline in the number of Americans applying for and receiving traditional unemployment benefits is being more than offset by the increase in PUA beneficiaries, resulting in more people on unemployment.
Japanification is a ‘preview movie for the West’, according to KPMG’s Chief Economist Constance Hunter, and it may be about to open at a cinema near you.
As the inverted pyramid collapses, the effects will be non-linear.
"Recessions don’t usually result in personal income soaring, but this one has thanks to government support around the world."
Jul 10, 2020 - 08:16:17 PDT
“No, we need a trillion dollars for state and local. We need another trillion dollars for unemployment insurance, and direct payments.”
Even before the pandemic, the level of corporate leverage was beginning to cause alarm. At the end of last year, the IMF issued a striking warning: as much as $19tn of business debt in eight countries led by the US — or 40 per cent of the total — could be vulnerable...
"Macro set-up is so perfect for something like gold... Gold is going to take old highs and keep going... we are just starting this move..."
An “uneven recovery” lies ahead for commodities but Goldman Sachs analysts have become even more confident that gold will hit $2,000 an ounce.
Gold futures trade modestly higher Friday, on track for a weekly gain as the yellow metal remained above $1,800 an ounce, buoyed by a fall in bond yields.
Just when you didn't need another reason to think that gold and silver were going to rise, Goldman Sachs is loading up on gold...
U.S. banks had only a few weeks’ experience with the full-blown pandemic when they last tried to forecast how bad things would get. Now, they’re about to reveal what three more months of Covid-19 did to the industry.
Our county implemented a mandatory mask policy last week. It seems like most places are going in that direction. And even in places where the government hasn't mandated masks, a lot of businesses are requiring them.I know there is a lot of controversy about mask-wearing and its efficacy in stopping the spread of The ‘Rona. I have no intention of wading into that quagmire. Regardless, this is the world we live in now, and I've decided that if I'm going to have to wear a mask, I'm going to have fun with it.
These are some of the more than 110 companies that declared bankruptcy in the U.S. this year and blamed Covid-19 in part for their demise.
‘The Wave Has Already Begun:’ Evictions Surge as Cities Suspend MoratoriumsJul 10, 2020 - 05:30:28 PDT
Legal aid groups and housing advocates are bracing for a surge in evictions, as local governments begin lifting moratoriums that deferred rent payments for millions of tenants who lost jobs to the pandemic.
The U.S. labor market is sending troubling signals that the resurgence in COVID-19 cases is weighing on the economic recovery.
Monetary and fiscal policy won’t lift us out of the new depression. Let’s first take a look at monetary policy.
Gold surged passed another key level this week, breaking above $1,800 an ounce for the first time since 2011. And the yellow metal is pulling silver up along with it. What's driving precious metals higher? And can we expect this bull run to continue? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey takes a close look at both the gold and silver markets - what's driving them and where they might be heading next, and why this is different than 2011. He also touches on the escalating war on cash.
QE Unwind Speeds Up: Fed’s Assets Drop $85 Billion. Four Week Total -$248 BillionJul 10, 2020 - 05:15:30 PDT
Repos & dollar liquidity swaps on their way out. SPVs declined. Hardly bought any corporate bonds & ETFs. MBS flat. Treasuries ticked up.
The country is in the middle of two simultaneous downturns -- a short-term seizure caused by fear of coronavirus and a longer-term slump that will look more like a traditional recession. Unfortunately, the latter is just beginning.
With theaters, museums and stadiums closed, the city looks nothing like its usual self at the height of the summer tourist season.