Precious metals are apparently waking up. And here is where you can find the best deals.
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Protests have rocked the US in the wake of George Floyd's death at the hands of a Minneapolis police officer. In some areas, peaceful protests have crossed the line into violence and looting. But the real question is what are the long-lasting political ramifications that will come out of the unrest?Peter Schiff talked about it during a recent podcast and worried that it could lead to bigger government and more socialism.
The specter of negative prices is hanging over energy markets more than a month after oil’s unforgettable crash below zero.
Australia’s almost 29-year recession-free run has come to a close, ending the developed world’s longest uninterrupted economic growth streak. Gross domestic product declined 0.3% in the first three months of the year, government data showed Wednesday, and that downturn is set to deepen..
‘People Are Really Struggling’: This Could Mean That We’re on the Brink of a Wave of EvictionsJun 3, 2020 - 05:22:18 PDT
Millions of people are struggling to make rent because of the pandemic due to being out of work. In many parts of the country, though, temporary rules protecting renters from eviction are set to expire.
The total comes on top of a plunge of 19.6 million in April, the worst in the survey’s history.
Amid forecasts of the worst recession in 300 years, Chancellor of the Exchequer Rishi Sunak is drawing up options to bolster the economy as the government withdraws its vast package of financial support in the months ahead, according to people familiar with the matter.
U.K. house prices fell the most in more than a decade and consumer borrowing plunged as the coronavirus lockdown shuttered the economy.
British banks are flooding the economy with billions in loans every week as the demand for emergency funding for businesses persists.Lenders have so far issued over 31.3 billion pounds ($39 billion) to more than 745,000 businesses through government-backed schemes,..
‘Truly Shocking’ Youth Unemployment in Euro Zone Could Fan Populism: Economist SaysJun 3, 2020 - 04:59:03 PDT
Unemployment in the euro zone rose to 7.3% in April, according to the latest data from Eurostat, reflecting job losses as coronavirus lockdowns were in full-swing across the single currency region.
State and local officials are ramping up efforts to ease the unrest, adding to police forces and imposing earlier curfews on major cities.
The coronavirus has infected more than 6.4 million people around the world as of Wednesday, killing at least 380,764 people.
Global deaths from covid-19 are on the wane. Most countries and states are starting to remove lockdown restrictions. And now we're starting to see medical claims that the SARS2 virus is losing potency. Is the covid-19 pandemic finally over?
It’s hard to find a gold stock that isn’t roaring higher!
Jun 2, 2020 - 13:08:09 PDT
Meanwhile, holdings in the world’s largest gold-backed exchange-traded fund, SPDR Gold Trust rose to 1,128.40 tonnes on Monday, the highest in seven years.
Some people think that the pandemic is dying out and that its end will stop the bull market in gold. But these claims are not entirely true...
The pandemic has changed the state of the economy and with it the most attractive risk assets, according to this week's guest on Masters in Business, economist David Rosenberg. He expects rates to remain very low for as far as the eye can see, with deflation a bigger risk than rising prices. He believes this is an ideal environment for gold to appreciate and he is betting on the metal.
Negative Interest Rates Could Be Needed for a ‘V’ Recovery, Fed Economist SaysJun 2, 2020 - 11:56:35 PDT
Central bank economist Yi Wen said more aggressive fiscal and monetary measures will be needed for the U.S. recovery.
Surveys show Americans want more financial help from the federal government. But the question is exactly how the government will get more money into their hands. These are the proposals that are on the table. Experts weigh in on what strategies would help those who are suffering most.
The United States was waiting for the zombie apocalypse. The country was given a coronapocalypse instead. But could the two events merge and provide the nation with a dangerous economic trend?
The fact that self-serving cover stories are now the norm is making it difficult to love our servitude with the slavish devotion demanded of us.