Precious metals are apparently waking up. And here is where you can find the best deals.
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U.S. states that have driven a record surge in coronavirus cases may now be slipping backward here in their economic recovery, as cellphone data shows retail visits in a clutch of high case-growth locations falling below the rest of the country.
Coronavirus Mortgage Bailout Sees Biggest One Week Decline, but More Borrowers Are Extending TermsJul 10, 2020 - 05:00:38 PDT
The number of homeowners in government and private sector mortgage bailout plans declined for the second straight week, as borrowers who got in earliest saw their plans expire.
‘Vaccine Nationalism’ Could Lead to the Coronavirus Devastating Public Health & the EconomyJul 10, 2020 - 04:52:59 PDT
Analysts have predicted that a battle for access to an effective vaccine could stretch into 2021 or 2022.
The coronavirus has infected more than 12.29 million people around the world as of Friday, killing at least 555,486 people.
In fact, we are now seeing convincing evidence of people contracting covid-19 more than once. If indeed the case, that suggests we may never be able to reach herd immunity.
This is an excellent environment for gold...
"given this is a bull market, I am not recommending anyone go short, but if you do have sizeable trading gains on metals or..."
Is China making its move to have its own world reserve currency?
“My sense is that Bitcoin way outperforms gold, but I would tell people to have a lot less Bitcoin than they have gold, just because of the volatility,” Novogratz said during CNBC’s Fast Money on July 8.
Gold was propped up on the lower end by expectations of more stimulus for the U.S. economy from the Federal Reserve, which could ultimately debase the currency and prop up alternatives like the precious metal, analysts said.
Most economists hold that a growing economy requires a growing money stock on grounds that growth gives rise to a greater demand for money that must be accommodated.
The economists argue that recent market stability may just represent a period of calm ahead of stormier waters as the compounding negative economic effects of job losses, reduced spending and business closures weighs on the outlook.
Government Debt Is Skyrocketing Across the World. Here Are Their Options, According to BarclaysJul 9, 2020 - 12:21:44 PDT
U.S. debt-to-GDP is set to skyrocket by some 30 percentage points over the next two years. And other countries might be in even worse fiscal shape. What will they do?
How Negative Interest Rates Help Gold Act Like a ‘Risk On’ Asset as It Pushes Toward All Time HighJul 9, 2020 - 11:53:19 PDT
Gold is traditionally thought of as a haven asset — a safe port in a storm. But that hasn’t stopped it from rising to a near nine-year high, and within striking distance of its record, even as equities and other assets traditionally viewed as risky remain buoyant.
Two months later Britain sold a government bond with a negative yield for the first time, as Covid-19 created the dystopian reality of deserted airports and traffic-free highways. Negative interest rates are an oxymoron.
Mark Nash snapped up inflation-protected bonds in March, when markets were shaken by fears of recession and deflation that left the securities dirt cheap. Now he and other contrarians are reaping the benefits of record gains in the bonds.
S&P Forecasts $2.1 Trillion In Global Bank Credit Losses Over Next Two YearsJul 9, 2020 - 11:41:28 PDT
"For banks across the globe, we forecast credit losses of about $2.1 trillion for 2020 and 2021 spurred by the pandemic, with $1.3 trillion this year--more than double the 2019 level."
Soaring Demand for Federal Jobless Benefits Points to Fresh Fissures in the U.S. EconomyJul 9, 2020 - 11:18:38 PDT
The number of unemployed Americans collecting jobless benefits through a temporary federal-relief program has exploded in the past month to more than 14 million, suggesting the U.S. labor market is facing a fresh set of problems.
Silver’s role as a valued investment was broadly on display during the first half of 2020, as investors actively accumulated silver in the first six months of the year, leading to a 10 percent gain in investment demand. Paving ...
It’s nothing but rosy news coming from the Fed. Recently the Fed released this reassuring statement: “The banking system remains well-capitalized under even the harshest of these downside scenarios. . .”