Precious metals are apparently waking up. And here is where you can find the best deals.
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Not only do we know that the long-term trend in gold prices is heavily-impacted by real interest rates, we can also see this play out in...
Why look at gold and Berkshire Hathaway together?
Gold is “neither responding to either the U.S. dollar nor the virus, but the second quarter economic impact,” with massive M2 money [supply] growth leading to concerns about future inflation, debt and negative real yield on U.S. Treasurys. M2 is a key measure for U.S. money supply.
Plunge In Consumer Credit Continues As Americans Repay Record Amounts Of Credit Card DebtJul 8, 2020 - 13:10:57 PDT
Until US consumers feel comfortable enough to once again "charge it", there can be no recovery.
Says he expects the US economy to remain weaker than many had hoped through the summer and fall. Expects over time the Fed will see a reasonable volume of Main Street program loans as economy struggles with coronavirus. Rosengren has slowly grown into the biggest bear on the FOMC.
Japan is often cited by those who downplay the problems of debt. But the impact Tokyo's burden has had on growth shows that deficits come at a price.
Jul 8, 2020 - 11:34:15 PDT
The trouble is that all these responses will also depress economic activity. In such circumstances, the MMT doctrine of free spending will not look so attractive after all.
British Government Says It Will Pick Up Half the Checks at Restaurants to Help Boost EconomyJul 8, 2020 - 11:27:08 PDT
Brits are being encouraged to go out and spend to save the economy as the Government funds meals for friends and family, but no alcohol...
In the short-term, the risks are building up to the downside...
Next year, the weight of both public & corporate debt will press down on economic recovery, while inflation will rise, putting upward pressure on interest rates. That’s a recipe for corporate bankruptcies & a financial crisis, alongside ‘stagflating’ economies, similar to the 1970s.
53% Of Restaurants Closed During COVID Lockdown Have Shuttered Permanently, Yelp Data ShowsJul 8, 2020 - 10:39:26 PDT
While the pendulum has swung toward group dining, perhaps due to pent up demand after three-plus-months of safer at home orders and dining room closures in some markets, this interest could be short lived...
Apple Maps Driving Activity Is Slowing Again in Warning Sign for the EconomyJul 8, 2020 - 09:41:25 PDT
As coronavirus cases surge across the United States, data from navigation app Apple Maps shows a slowdown in requests for driving directions.
Dividend Payments Plunge by $42.5 Billion: Worst Quarter for Income Investors Since Financial CrisisJul 8, 2020 - 09:39:21 PDT
Companies struggling to get through the pandemic slashed the amount of money they returned to shareholders through dividends in the second quarter.
July marks the fourth month in a row that a "historically high" number of households were unable to pay their housing bill on time and in full.
Foreign currency interventions by the central bank to support the lira have drained the country's reserves.
If you believe the Fed will be under continued pressure to do more to support the economy, it’s tough to bet against the eventual adoption of so-called yield-curve control.
"...gold is likely to reverse any hour now..."
They reckon high-fragility events are kicking off five times more frequently since the global financial crisis compared to the decades from 1928 onwards.
Earlier this year, thousands of lenders rushed to arrange loans under the U.S. government’s Paycheck Protection Program. Now, some of them will be rewarded handsomely.
“This is not over,” McConnell said during a visit to a food pantry Monday in Louisville, Kentucky.