Precious metals are apparently waking up. And here is where you can find the best deals.
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Even as markets climb back toward all-time highs, options traders are getting bullish on gold rather than equities as coronavirus cases surge.
This downward trend marks the easing of a funding squeeze and the Fed’s determination to engineer an economic recovery.
Point is, if you can just own a shiny rock and outperform all the broad stock indices then what you’re witnessing isn’t really an equity bull market, but something else. Something much bigger...
Exhibit #1: the official rate of inflation. Here is the data con elevated to artistry. As I explained in Burrito Index Update: Burrito Cost Triples, Official Inflation Up 43% from 2001 (May 31, 2018), apples-to-apples unmanipulated data shows inflation is dramatically reducing the purchasing power of wages...
The second quarter results of most large Western European banks will reveal further increases in expected credit losses as the economic outlook has “weakened substantially since the publication of 1Q20 results”, Fitch Ratings warns in its latest “Large European Banks Quarterly Credit Tracker.” This will put substantial pressure on the sector’s operating profitability.
What does it all mean for the gold market? The low inflation and still very harsh situation in the US labor market imply that the Fed will remain very...
The Fed’s Unprecedented Relief Measures Could Form the Greatest Financial Bubble in HistoryJun 23, 2020 - 09:26:28 PDT
The Federal Reserve's bond purchases are pushing risk-on attitudes to dangerous levels, Ed Yardeni, president of Yardeni Research, said in a Monday note.
Jun 23, 2020 - 09:17:55 PDT
The Bank of England is taking a risk by highlighting an exit strategy from its pandemic bond-buying program even before the U.K. has emerged from lockdown. If the economy fails to pick up, the bank could be forced into an embarrassing U-turn.
30 million people are ‘explicitly left out’ of the $2.2-trillion stimulus bill known as the CARES Act.
Stephen Roach, a Yale University senior fellow and former Morgan Stanley Asia chairman, tells MarketWatch that his forecast for a sharp deterioration of the U.S. dollar could be a very near-term phenomenon, not an event that looms off in the distance.
In widely circulated remarks, Federal Reserve Chairman Jerome Powell recently stated that the Fed's COVID-19 response is "absolutely not" contributing to income inequality. But our data indicate that Powell's statement is absolutely wrong.
Jun 23, 2020 - 08:31:21 PDT
Allen estimates there are about 22 million restaurants worldwide, so the projection implies that 2.2 million of them will close. In the U.S., the industry employs 15.6 million workers, according to the National Restaurant Association.
During the worst economic collapse in generations, U.S. households actually managed to put aside more money. It may not be enough to get them through the aftermath.
Lawmakers Ask Fed to Help Businesses Struggling to Make Mortgage Payments: WSJJun 23, 2020 - 07:42:25 PDT
More than 100 members of Congress are calling on the Trump administration and the Federal Reserve to help struggling businesses pause debt payments in a key real-estate financing market.
Was this the "pent-up" demand from peak-selling period? If so, this "V" may not last as long as homebuilders and homesellers hope.
Markets may be headed for a wake-up call as scenarios that investors brushed aside to fuel a global rally move closer to reality.These include seeing the rate of Covid-19 infections pick up in nations that have eased lockdowns, growing tension between the U.S. and China and corporate finances...
Jun 23, 2020 - 07:08:11 PDT
News, analysis and comment from the Financial Times, the worldʼs leading global business publication
Is it just a coincidence that China has ramped up its anti-dollar rhetoric in recent days?
Can Gold & Silver Save Us From The Twilight Zone Economy? Join Mike Maloney in today's video to get his latest take on where we are heading.
Even the mainstream is getting bullish on gold.Goldman Sachs now forecasts record gold prices within the next 12 months.Goldman analysts say gold will likely reach $2,000 per ounce within the next year thanks to ultra-low interest rates and concerns over currency debasement.