Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Christine Lagarde signaled the European Central Bank will keep policy unchanged at its next meeting after its massive emergency stimulus helped calmed markets.
After a brief pullback, homebuyers rushed back into the mortgage market last week, taking advantage of record low mortgage rates.
The coronavirus has infected more than 11.64 million people around the world as of Tuesday, killing at least 538,780 people.
First: high fives all around for fans of quality science! Our months' long position that hydroxcholorquine+azithromycin+zinc and ivermectin showed strong promise as cheap, effective treatments vs covid-19 now appears to be proven correct.
The Federal Reserve serves as the engine that makes all of the US government’s unconstitutional spending possible. Without the Fed, the entire system would collapse.Just consider this: in March and April of this year, the Federal Reserve effectively monetized 100 percent of the new debt taken on by the U.S. government.
All of this stimulus could eventually weaken the value of the dollar and create higher inflation pressures. And that would be very good for gold.
Dow Falls in Final Hour of Trade as Doubts of Quick Covid Economic Recovery Pressure StocksJul 7, 2020 - 12:58:57 PDT
The OECD forecast unemployment will reach the highest level since the Great Depression and won’t return to pre-crisis levels until 2022
Stocks Fall to Session Lows in Final Minutes of Trading, Dow Down 400 PointsJul 7, 2020 - 12:54:51 PDT
Stocks fell on Tuesday as a rally in mega-cap tech shares lost steam and concerns about the coronavirus outbreak dampened investor sentiment.
Robert Shiller Explains the Pandemic Stock Market and Why It’s Decoupled From the EconomyJul 7, 2020 - 12:47:41 PDT
The stock market has gone through three phases during the pandemic: Denial, fear and fear of missing out.
Fed’s Clarida Says There Is No Limit on How Much MBS, Treasuries the Fed Can BuyJul 7, 2020 - 12:32:38 PDT
In a CNN international interview, Federal Reserve Vice Chairman Richard Clarida says the Fed can do more, will do more if needed.
JPMorgan and Bank of America are in line to split between $1.5 billion and $2.6 billion for being the conduits of the government’s aid program for small businesses.
We gathered unemployment data over time from the Bureau of Labor Statistics, which is represented in the visualization by the red line graph. The horizontal axis represents the years 1929 - 2020, while the vertical access is the unemployment rate expressed as a percentage.
"It's clear that the pandemic is doing some fundamental damage to the job market," said Mark Zandi, chief economist for Moody's Analytics. "A lot of the jobs lost aren't coming back any time soon. The idea that the economy is going to snap back to where it was before the pandemic is clearly not going to happen."
"One thing is certain: life in America is not going to be the same after COVID-19. Like the Great Depression and World War II, the pandemic will exert an impact for years, perhaps even decades, on the nation’s economic and political fortunes." ~ James D. Gwartney
Aggregated series such as those in Charts 1 and 2 incorporate premia over the “safe” rate, which reflects default, inflation, or debasement expectations. Is it possible to obtain a series closer to the “safe” rate?
A surge in US borrowing in 1Q20 by corporates and the government increased debt of the non-financial sector, which also includes households, to an all-time high of USD55.9 trillion, equivalent to 260% of GDP, says Fitch Ratings.
Jul 7, 2020 - 09:29:22 PDT
He referred to soaring equity valuations that preceded the 2000 dot-com bubble burst.
What Will Be the Most Desirable Status Symbols in the Greater Depression?Jul 7, 2020 - 09:19:45 PDT
Now that the bogus "prosperity" of past 20 years has imploded, the nation is slip-sliding into the Greater Depression
Inflation Heats Up for Services Firms, and They’re Able to Pass it on via Higher PricesJul 7, 2020 - 09:16:56 PDT
Even manufacturers, after months of crushed commodities prices, experience inflation and are able to pass it on. Stimulus money the government and the Fed have thrown around by the trillions.
3.9 Unemployed Workers For Every Job Opening Despite Record Hiring Surge: JOLTSJul 7, 2020 - 08:57:55 PDT
The May JOLTs data was good but not nearly good enough.