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By Pam Martens and Russ Martens: June 9, 2020 ~ The Federal Reserve is desperately hoping that the pandemic, the coast-to-coast protests and the military
Join Mike Maloney in this week’s wrap up of current events and discover why he believes we are headed towards a depression, and not just a recession.
Now is the time to look at a readjustment to raise exposure to the sector. Here's why...
And what happens when asset bubbles break if not deflation? Yet, given all this competitive currency debasement, I still have a question: Got Gold?
Core Consumer Price Growth Hits 9 Year Low Despite Soaring Food & Booze CostsJun 10, 2020 - 06:33:53 PDT
The index for meats, poultry, fish, and eggs rose 10.0 percent over the last year, its largest 12-month increase since the period ending May 2004...
Gold is serving as a lifeline for beleaguered Indians in the midst of severe credit crunch.The government response to the coronavirus pandemic has ravaged the Indian economy. As a result, many banks are reluctant to extend credit due to fear of defaults. In this tight lending environment, many Indians are using their stashes of gold to secure loans.
Gundlach Warns Stock Market Likely To Fall Despite "Superman" Powell, Says Buy GoldJun 10, 2020 - 05:34:15 PDT
“The big, experienced smart money is skeptical of this little-guy created, epic rally.”
The U.K. should introduce a universal basic income to get cash to struggling Britons along with a raft of other measures, according to proposals by the Royal Society for Arts. The government should initially pilot a 2,500 pound ($3,000) direct cash payment...
Peter Schiff has been warning that that real crash will be a dollar crash. Now, some people in the mainstream are starting to sound that alarm as well.Even before the coronavirus pandemic, Peter was warning about the dollar's demise. During an interview on RT last September, he warned that America's "fiscal profligacy" was going to sink the dollar.
The Fed's two-day meeting begins Tuesday and a new survey shows that market participants expect trillions more in stimulus from both the central bank and Congress. CNBC's Steve Liesman reports.
While 10-year U.S. Treasury yields have climbed from their March lows, analysts surveyed by Bloomberg see them staying below 2% for years to come, effectively held down by the Fed and continued disinflation.
China’s factory deflation deepened in May and consumer price gains slowed, signaling that the recovery from the first quarter coronavirus slump remains uncertain.The decli…
Millions of Americans Stand to Lose Trillions of Dollars Due to CoronavirusJun 10, 2020 - 05:03:47 PDT
Ric Edelman, founder of the nation’s largest independent financial planning and investment advisory firm, today released a 64-page report that warns of dire financial outcomes for millions of Americans. Edelman’s report, The Long-Term Financial Impact of Covid-19 and What it Means for You, asserts that...
Fastest Rising Food Prices in Decades Drive Consumers to Hunt for Value: WSJJun 10, 2020 - 05:01:45 PDT
Food makers are designing value packs, and supermarkets are restoring promotions, aiming to offset disruptions wrought by the coronavirus pandemic that have led to the fastest rise in food prices in more than four decades.
Seven major plans expected to deplete assets if corona-crisis economic recovery is slow...
It’s outrageous that during periods of economic strength, governments and central banks add debt, print money, and refuse to eliminate QE...
Jun 10, 2020 - 04:56:43 PDT
The extra $600 under the CARES Act runs out at the end of July. But Alan Blinder, former vice chair of the Fed, says now is not the time to cut unemployment benefits.
"Most people see a V-shaped recovery, but we think it's going to stop halfway."
State lockdowns lifting across the US. businesses and public spaces opening back up. Mass protests bringing thousands together in close quarters.
It's reasonable to expect that once the COMEX gold price clears $1780 later this summer, a move toward $1880 will follow, with perhaps even a peek at...