Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Retail sales surged in May but manufacturing is another story. The Fed's Industrial Production and Capacity Utilization puts a big negative spotlight on the emerging V-shaped recovery thesis.
Options Market Implies That Jpmorgan and Other Megabanks May Slash Dividends after Fed Stress TestJun 17, 2020 - 08:22:08 PDT
Options traders have placed bets implying that they expect the big banks to repeat what they did in the last crisis: slash dividends.
The world watched in dread as US unemployment reached 40 million at the height of the coronavirus pandemic. Will the economic rebound be strong enough to stop companies from cutting jobs permanently?
Whether or not a new/different futures exchange moves to the forefront, the bullion banking system has certainly received a shock and a warning shot...
The ongoing coronavirus crisis is dragging inflation down, Federal Reserve Vice Chair Richard Clarita warned on Tuesday, another sign that the U.S. economy may need more help from the central bank and Congress...
As if the Fed hasn’t done enough to destroy honest markets, now it plans to start buying individual corporate bonds. It’s just another step closer to the Fed deciding the winners and losers in the market.
Despite massive government and central bank stimuli, the global economy is seeing a concerning rise in defaults and delinquencies.
President Trump’s election-year push for a $1 trillion infrastructure spending bill to boost the struggling economy faces strong opposition from Senate Republicans.
Effectively, by announcing a monthly floor on purchases of U.S. Treasuries and agency mortgage-backed securities last week, the Fed started what will surely be a long countdown to a second “taper tantrum.
The national debt pushed above $26 trillion last week. In just a little over two months, the US government has added over $2 trillion to the debt. The budget deficit has already set an all-time record with four months left in the fiscal year. In April, the US Treasury sold $1.287 trillion in additional US debt.So, who is buying all of this debt?
Federal Reserve Chairman Jerome Powell warned Congress during his semi-annual testimony that the U.S. budget deficit, which is expected to hit $3.7 trillion this year, is on an "unsustainable path."
...are homebuilders far less confident than their "sentiment" index would suggest about the "V"?
China will step up monetary policy easing and keep liquidity "reasonably ample", the state cabinet said in a meeting chaired by premier Li Keqiang on Wednesday, as it looks to support the economy and help small and medium-sized firms.
The U.S. Federal Reserve, which has cut interest rates to zero, is buying bonds to keep financial conditions easy and has opened up a raft of lending programs to backstop large parts of the economy, has plenty of capacity to do more, Dallas Federal Reserve Bank President Robert Kaplan said on Tuesday,...
Trillions in Stimulus Go Unchecked With Watchdogs Kept Toothless: BloombergJun 17, 2020 - 05:26:18 PDT
The U.S. has spent more than half of $3 trillion in economic rescue funds passed by Congress -- with little of the oversight intended to ensure the money goes to the right places.
The U.S. Federal Reserve has started buying corporate bonds in the secondary market, but it isn’t the first of its peers to do so. The European Central Bank has been buying investment-grade corporate debt for more than four years, amassing the equivalent in euros of a $250 billion...
Britain has fined the London branch of Germany's Commerzbank 37.8 million pounds ($47.3 million) for failing to have proper controls to prevent money laundering, the UK's financial watchdog said on Wednesday.
On Tuesday, Federal Reserve Chairman Jerome Powell testified before the Senate Committee on Banking, Housing, and Urban Affairs. It was classic Fed "open mouth operations" as Powell tried to talk up the central bank's policies and assure everybody that everything is under control. But is it, really?Peter Schiff hit some of the highlights of Powell's testimony during his podcast.
The Federal Reserve is lending a lot of companies a lot of money. This week the central bank began buying individual corporate bonds, in addition to the bond exchange-traded funds it has bought already.