Precious metals are apparently waking up. And here is where you can find the best deals.
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Companies are lapping up the cheap cash on offer in the euro area but no one should be fooled into thinking that will fuel a robust recovery from the coronavirus crisis, according to ING Groep NV.Data on Friday showed the biggest leap in money supply growth in the currency bloc in more
Fragile Economic Recovery Faces First Big Test With June Jobs Report in the Week AheadJun 26, 2020 - 11:39:41 PDT
“There’s no clarity on how you define the unemployed in the Covid 19 environment,”
First they dismiss you as a conspiracy theorist then they join you. The secret is out, the Fed is busted: Central banks have distorted asset prices far above the economy.
The Federal Reserve’s actions and plans to keep interest rates extremely low for years have compounded the difficulties many retirees will have in providing a decent standard of living for themselves.
The U.S. Federal Reserve faces the daunting task of maintaining confidence in the banking system during one of the worst economic crises on record. Its latest round of bank stress tests has fallen woefully short. It must do better.
The lockdown of the economy by government order is proving to be a blunder of epic proportions. Coronavirus is still on the loose. Yet, as a result of the lockdown, the economy’s been destroyed.
His conundrum is a long-term concern for governments and banks across Europe, which are rushing to prop up struggling companies, but are worried that the increased debt levels will hinder their ability to invest in growth.
California Governor Gavin Newsom on Thursday declared a budget emergency in the most populous U.S. state, blaming expenses and the economic downturn caused by the COVID-19 pandemic.
The United States is currently experiencing one of its sharpest economic crises in modern history as a result of the global COVID-19 pandemic and efforts to minimize contagion. Both the economic crisis itself and the federal government’s aggressive response have massively expanded deficits.
Household Income Drops from Historic Spike, Spending Bounces off Historic Plunge But Remains Low. Income from wages & salaries remains crushed.
U.S. Economy Might Not Heal by Next Year, Putting Stocks at Risk of CorrectionJun 26, 2020 - 10:09:39 PDT
The U.S. economy might not fully return to normal until 2022, and the market is at risk of a correction later in the summer, a leading economic forecaster...
20 million people out of work for 8 straight weeks tells the real story: This economy is on life support of $600 monthly Federal unemployment insurance due to run out this month.
The US personal savings rate jumped to 33 percent in April from 12.7 percent in March and 8 percent in April last year. An increase in savings is regarded by popular economics as less expenditure on consumption.
Once you allow your economy to become dependent on extremes of debt, leverage, inequality, legalized looting, monopoly, pay-to-play politics and speculative asset bubbles, a depression is inevitable.
The Former Director of the U.S. Mint Is Stashing Gold Coins With Prices SurgingJun 26, 2020 - 08:49:32 PDT
So I have it diversified just like central banks do. They don’t all keep it in one place, they keep it in places where they can easily trade that gold for other things,” said Moy, who is the former director of the U.S. Mint turn chief strategist at Valaurum...
Mnuchin, get someone on the phone!
So, I'm just going to throw this out there. If you get an email from a couple of veterans who claim they rescued a sultan's son and got a big payout in gold, it might be a scam.Maybe.And by maybe, I mean it's a scam.
It didn't take long for the Fed to inflate another asset bubble to keep financial markets operating at full speed. What will they do next time?
The same (or worse!) divergence is rearing its head today at (2). Over the past 30 months, the Bank Index has grossly underperformed the S&P 500. Will this ominous warning bring a second wave of selling in 2020?
Jun 26, 2020 - 07:49:47 PDT
'I do not support giving the green light for large banks to deplete capital. This policy fails to learn a key lesson of the financial crisis, and I cannot support it.'