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Social Security Is Under Pressure, Senior Citizens Are Battling a Health CrisisJul 1, 2020 - 05:35:35 PDT
Many Americans rely on Social Security for a majority of their retirement income, yet the future of the program is riddled with uncertainties.
More U.S. retail companies sought bankruptcy protection in the first half of 2020 than in any other comparable period. Energy filings piled up at the fastest pace since oil prices plunged in 2016, data compiled by Bloomberg show.
"Ya think there might be something else going on behind the scenes that the media aren't talking about?"
Q2 was one heck of a quarter for US stock markets. But in his podcast, Peter Schiff called it a "phony rally." The real bull run to watch is gold.The Dow Jones just wrapped up its best quarter since 1987. The S&P 500, finished out its best three-month run since 1998 during the dot-com bubble. But as Peter pointed out, you have to put the big gains in perspective. Stocks were coming off an abysmal first quarter, and other than the NASDAQ, the major indexes remain negative on the year.
84 Central Banks Have Cut Rates in 2020, by Far the Easiest Monetary Policy the World Has Ever SeenJul 1, 2020 - 05:19:25 PDT
New security law spells demise of the global financial center into a vault for the mainland.
IMF Says Asia’s Economy Will Shrink ‘For the First Time in Living Memory’ Due to the CoronavirusJul 1, 2020 - 05:09:04 PDT
The fund said Asia's economy is expected to contract by 1.6% this year — a downgrade from its previous forecast of no growth in April.
Economy’s Second Half Comeback Is Now Threatened by Coronavirus ResurgenceJul 1, 2020 - 05:07:42 PDT
Economists expect to see a bounceback in the second half of 2020, but the resurging virus threatens the strength of the rebound.
Mortgage Demand Falls for the Second Straight Week, a Potential Slowdown in the Housing RecoveryJul 1, 2020 - 05:05:46 PDT
The surge in mortgage demand from homebuyers over the past two months appears to be waning, even as mortgage rates continue to drop.
Gold is going to move like we have never seen before...
The coronavirus has infected more than 10.49 million people around the world as of Wednesday, killing at least 511,851 people.
Today marks a grim milestone as the world crosses the 10 million covid-19 cases threshold, as well as half a million dead from the virus. And the counts keep rising.
We all fear the second wave, but the U.S. hasn't even controlled the first one! That's bad news for Americans, but what does it mean for gold?
Central banks are signaling (by their actions) that they're losing confidence in their own money and their money monopoly. They’re getting ready...
Gold Prices Top $1,800 an Ounce to Score Highest Finish Since 2011, Silver Gains nearly 32% in Q2Jun 30, 2020 - 12:38:31 PDT
“The demand destruction wreaked upon the U.S. and global economies and then the resulting unprecedented monetary and fiscal stimulus response here and abroad is the primary driving force behind gold performance this year.”
“The usage of the Fed credit facilities has been much slower and smaller than we had anticipated,” Oxford Economics analyst Kathy Bostjancic wrote last week, estimating perhaps only half of the Main Street loans available will be taken and perhaps less than a third of the corporate bond fund be used.
Fed’s Williams Warns That U.S. Economy Far From Healthy Even if Worst of the Coronavirus Is OverJun 30, 2020 - 11:46:11 PDT
During the question and answer session, Williams said he wouldn’t say the Fed would never use negative interest rates as a tool, but said he preferred other tools.
The Fedis getting lots of love from the financial markets because it's lowered the short-term rates that it controls to just about zero, and has figured out inventive ways to drive long-term rates to ultralow levels and get some formerly troubled parts of the financial system working smoothly again.
Gold and silver are showing strength and solid technical action, but that doesn’t mean that a major upside breakout is imminent...
A stock rebound marked by Wall Street's strongest quarter in more than two decades has slowed in recent weeks, as a resurgence in coronavirus cases threatens to derail the economy's recovery from a deep downturn.