Precious metals are apparently waking up. And here is where you can find the best deals.
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"Today the economy and the markets are driven by the central banks and the coordination with the central government," Dalio said
This is still the biggest MoM rise since Aug 2014 but YoY, US factory orders remain down 15.8%...
Manhattan Apartment Sales Worst on Record Fell by 54%, Biggest Plunge in 30 YearsJul 2, 2020 - 08:15:25 PDT
Manhattan apartment sales in the second quarter fell by 54%, the largest percentage decline in 30 years, according to a report from Miller Samuel and Douglas Elliman.
Regardless, the economy is short 15 million jobs and they are not all coming back. Recovery Will Take Years
It’s asset asset bubble deflation that is damaging, not routine price deflation. The irony is a Very Deflationary Outcome Has Begun. When asset bubbles burst, debt deflation results.
ust as the rewards of central-bank bubbles have not been evenly distributed, the pain created by the collapse of the bubbles won't be evenly distributed, either.
Rand Paul Introduces Bill To Abolish “Nonjudicial” Civil Forfeiture: ForbesJul 2, 2020 - 07:21:50 PDT
Under “nonjudicial” or “administrative” civil forfeiture, not only can the federal government confiscate property without filing criminal charges, owners can permanently lose their property without a judge ever hearing their case.
Over the years, bosses have held down wages, cut benefits, and stomped on employees’ rights. Covid-19 may change that.
Gold just had its best quarter since 2016 and finished at its highest level in over eight years. But Q2 2020 wasn't an anomaly. Gold has charted gains for seven consecutive quarters.That represents the longest quarterly run of gains for the yellow metal since the 2008 financial crisis.
Don't expect the Federal Reserve to pull back on its monetary Hail Mary anytime soon.The central bank released the minutes from the June meeting yesterday. There were no big surprises, but they did reaffirm the Fed's commitment to continuing its unprecedented monetary policy into the foreseeable future.
Saxo Bank Says Gold Will ‘Reward the Patient Investor’ This Quarter, Sees Record HighJul 2, 2020 - 05:44:21 PDT
The head of commodity strategy for Saxo Bank says there are several reasons to believe gold will continue to move higher in the second half of 2020, predicting a fresh record high for the precious metal in the coming years.
Gold hit a nearly nine-year high earlier this week. One market driver could lift prices as high as $1,900, says MKM Partners' JC O'Hara.
Budget watchers are watching the red ink pile up to a record levels - likely for many years to come.
US Jobs Increase by 4.8 Million in June, vs 2.9 Million Estimate; Unemployment Rate at 11.1%Jul 2, 2020 - 05:34:23 PDT
Nonfarm payrolls jumped by 4.8 million in June and the unemployment rate fell to 11.1% as the U.S. continued its reopening from the coronavirus pandemic, the Labor Department said Thursday.
These are the top 10 countries with the highest inflation rate in the world. Most of them don't have a strong central bank or a robust financial system.
World food prices rose in June to post their first increase of 2020 and mark a slight rebound after the sharp falls triggered by the coronavirus pandemic, the United Nations food agency said on Thursday.
"There's a lot of room for escalation here. I think that it's, by now, quite clear that we're in for the darkest chapter yet of U.S.-China relations," said Todd Mariano, director for U.S. at Eurasia Group.
Jul 2, 2020 - 05:17:32 PDT
And there may be no better representation of the massive gulf between the stock market and the economy right now.
Futures rose early Thursday as investors looked ahead to two jobs reports on Thursday, the week's final day of trading.
St. Louis Federal Reserve Bank president James Bullard has warned that a growing number of bankruptcies due to the coronavirus outbreak could lead to a financial crisis, the Financial Times reported.