Precious metals are apparently waking up. And here is where you can find the best deals.
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U.S. Consumer Credit Plummets in April as Credit Card Use Tumbles by Record AmountJun 5, 2020 - 13:07:49 PDT
Consumer borrowing declined in April by the fastest rate since 1943 as credit card use saw a record decline, according to Federal Reserve data released...
The Fed will turn to new tactics that include capping yields and expanding its balance sheet.
Helicopter money is also spelled out in the BlackRock plan, which explains why simultaneously with the $454 billion Congress carved out for the Fed under the CARES Act, fiscal stimulus was also “going direct” with $1200 checks and direct deposits to the little people of America and Paycheck Protection Program loans and grants “going direct” to small businesses.
Legendary Money Manager: Jeremy Grantham Slashes Stock Market Exposure From 55% to 25%Jun 5, 2020 - 11:31:54 PDT
Stocks are expensive and the economy is terrible...
Jun 5, 2020 - 11:19:00 PDT
Simultaneously, households expect inflation to harden, with median inflation perception and expectations increasing sharply in May compared with March, showed a separate RBI survey.
More money in consumers’ pockets, according to hawkish logic, means this time will be different—and that inflation is more likely.
Japanese bond investors are better accustomed than most at trying to eke out returns in a negative-yield environment. But they’re struggling with a dwindling pool of attractive options, which doesn’t bode well for international peers who might be looking to use a similar toolkit.
This Makes No Sense: In Month When US Was Shut Down, BLS Estimated That 345K New Businesses FormedJun 5, 2020 - 10:57:26 PDT
The BLS is back to its old "statistical" tricks.
American cities are burning, there’s a lethal pandemic and we’re in a new Great Depression. There’s still one place to go — gold.
Rationalizing high valuations today will likely lead to ultimately "losing the war." A discussion to understand why valuations are important.
The new reading in the Buffett Yardstick yields a 10-year forecast for equities of -6% per year, including dividends (based on the 80% negative correlation between the two).
Illusion Of Prosperity Shattered As California Makes Its Case For Federal BailoutJun 5, 2020 - 09:44:39 PDT
It’s clear that the needed cuts are political poison and will therefore never happen. Which makes these negotiations a charade designed to frame the state’s coming request demand for an epic federal bailout.
Central banks hoard the precious metal because of its liquidity, which helps reduce balance-sheet risk. Gold is believed to allow central banks to preserve capital while at the same time diversifying their portfolios. The precious metal can also be moved relatively easily from one location to another.
In responding to the coronavirus threat, governments around the world have committed themselves to a series of harmful and largely unnecessary policies which are likely to plunge the world into a prolonged economic depression.
June 5 marks the one hundredth anniversary of the Jones Act, a law passed to protect the domestic water transportation industry from outside competition. This law has been touted as critical to the success of the industry, but in reality the Jones Act has done little to support it.
One thing missing from basically all economic analyses of the coronavirus pandemic is the impact of a European banking crisis.
One was a nurse, another a retiree. Others had recently lost jobs with an insurance company and a country club.
"If the workers who were recorded as employed but absent from work due to "other reasons" had been classified as unemployed on temporary layoff, the overall unemployment rate would have been about 3 percentage points higher than reported."
Soon after the Federal Reserve’s March 23 assurance that it would make borrowing easier for American corporations, Sysco Corp. sold $4 billion of debt.Not long after that, the food-service giant announced plans to cut one-third of its workforce, more than 20,000 employees. Dividends to...