Precious metals are apparently waking up. And here is where you can find the best deals.
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The sharp pullback in equities spurred record outflows for two popular exchange-traded funds.The $16.7 billion Financial Select Sector SPDR Fund, ticker XLF, had its worst week since it began trading in 1998, with almost $2.8 billion in outflows, according to data compiled by Bloomberg...
... investing in the stock market seems to be risky right now given that the V-shaped recovery is unlikely and given elevated equity valuations, so adding gold, which is good portfolio’s diversifier, to the portfolio might be a smart move.
The number of so-called zombie companies is spiking and could soon represent more than one in five U.S. firms, thanks to the coronavirus pandemic.
Jun 15, 2020 - 10:10:25 PDT
Keeping current a highly accommodative policy until economy has largely recovered what's been lost...
Central bank says move was made possible by IMF aid and pledges further boost to reserves...
Central bankers look set to go on a gold buying binge this year in the wake of the Covid-19 pandemic, new research shows. And the leading reason for the likely desire to buy bars of bullion is fear of another financial crisis, according to a recent report from industry group World Gold Council.
The Bank of England has one big advantage when it comes to the contentious topic of negative interest rates: it’s no pioneer.Experiences elsewhere provide the U.K. central bank with options on how to navigate one of the boldest monetary experiments in the 21st century.
Forget everything you've ever learned about the economy and the supposed link with financial markets. Just three months into the reported deepest and sharpest downturn in centuries, this is why stock markets are galloping back towards record levels at breakneck speed, writes Ian Verrender.
Europeans have run to the bank to deposit cash. They might be running back again soon.
Federal Tax Receipts Show A Record Plunge In May, Raising More Doubts About Employment Data AccuracyJun 15, 2020 - 08:57:34 PDT
Tax receipts are off over 30%, while employment levels are off roughly 13%. How can tax receipts fall three times more than employment?
Fed's Kaplan: Us Economy to Have Significant, Historic Contraction in Q2Jun 15, 2020 - 08:50:18 PDT
"Most forces will be disinflationary over the next couple of years despite the short-term rise in food prices."
Mnuchin Says He Will Talk to Lawmakers about Small Business Bailout DisclosureJun 15, 2020 - 08:46:26 PDT
Mnuchin's statements indicating the Treasury and Small Business Administration would not be disclosing the names of those who took out PPP loans angered high-ranking Democrats.
The hoard, worth around £152,000, was found left behind on a train in Switzerland last October.
Gold production in Democratic Republic of Congo continues to be systematically underreported while tonnes of the precious metal is smuggled into global supply chains through its eastern neighbours, a United Nations report has found.
The Federal Reserve said on Monday it had opened registration for lenders interested in participating in its Main Street Lending Program, launching arguably the most complex program undertaken yet by the U.S. central bank to help keep the backbone of the economy from buckling under the strains of the coronavirus pandemic.
The country, he says, deserves the “gift” of negative rates. Chairman Powell has resisted, probably for good, long-term economic reasons, but there is no telling how the battle will turn out, since it will turn more on politics than on economics and especially on how fast the optics on the economy improve.
Debt is at the heart of the threats not only to the United States but to the global economy at large. Debt is fueling budget deficits and rising real rates.
According to mainstream thinking, the central bank is the key factor in interest rates. By setting short-term interest rates, it is argued that the central bank can influence the entire interest rate structure by creating expectations about the future course of its interest rate policy. In this way of thinking interest rates are set by the central bank and the individuals plays almost no role except for mechnically forming expectations about the central bank's future policy. Individuals passively respond to the possible policy of the central bank.
It’s no surprise that the June Federal Open Market Committee (FOMC) concluded with rates being held near zero. We were offered some reassurance that the Fed expects to have “no rate increase at least through 2022.” Not mentioned was the amount of bond buying required to ensure that rates remain low for the next two years. However, Chairman Powell offered other insights.