Precious metals are apparently waking up. And here is where you can find the best deals.
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Fed Powell cast the central bank’s actions during the coronavirus crisis as aimed squarely at helping U.S. workers, a tactic to head off criticism which has dogged it since the last recession: that its policies primarily serve Wall Street and wealthier Americans.
Federal Reserve Chair Jerome Powell acknowledged Friday that the Fed faces a major challenge with the launch in the coming days of a program that will lend to companies other than banks for the first time since the Great Depression.
Next Coronavirus Stimulus Bill Will Be the ‘Final’ One, Mitch McConnell SaysMay 29, 2020 - 12:30:06 PDT
As McConnell pledges caution, Chuck Schumer and Nancy Pelosi are pushing him to quickly approve more coronavirus relief measures.
Fed's purchases were left by the iShares investment grade ETF LQD (at $326MM), followed by two Vanguard corporate bond ETFs, the VCIT ($228MM) and VCSH ($226MM), with the junk bond ETFs, HYG and JNK in 4th and 5th place owning $89.5MM and $88.3MM, respectively.
Gold Prices Set for Monthly Gain of Around 3% on Global Monetary StimulusMay 29, 2020 - 10:49:40 PDT
Gold futures climb Friday, putting prices on track for monthly gain, amid focus on U.S.-China tensions and global monetary stimulus measures.
Watch Live: Trump Press Conference on China/U.S. as Tensions Escalate: 2:PM ETMay 29, 2020 - 10:44:40 PDT
President Donald Trump is scheduled to speak about China on Friday from the White House Rose Garden as tensions with the country continue to escalate.
Fed Chair Jerome H. Powell said that the central bank is pushing its limits and trying to be transparent as it does.
May 29, 2020 - 10:11:12 PDT
President Donald Trump has discussed targeting China’s financial sector through sanctions and trade policy in retaliation for Beijing’s moves to curb Hong Kong’s autonomy, according to people familiar with the matter.
The Covid-19 shock could spur an acceleration in global inflation driven by massive monetary and fiscal stimulus or a spell of deflation as demand craters. Japan’s experience suggests the latter is the bigger risk.Years of anemic prices after the bursting of an asset bubble in Japan at
"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2020 is -51.2 percent on May 29, down from -40.4 percent on May 28."
Private Wages Crash Most On Record As Savings Soar By $4 Trillion In 1 MonthMay 29, 2020 - 09:07:07 PDT
How much of these "savings" were immediately invested in the stock market.
Powell: Fed Is ‘Days Away’ From Making First Loans in the Main Street Lending FacilityMay 29, 2020 - 09:03:18 PDT
The Main Street lending facility, which will target companies with up to 15,000 employees, has been difficult to set up but is just about ready, Powell told Princeton University economist and former Fed official Alan Blinder in a webinar interview Friday.
A lot of paper price manipulation and rules changes have occurred in the last 8-9 weeks to prevent gold prices for going above $1800...
I have a love-hate relationship with social media.On the one hand, I now have a number of really close friends that I would have never met without Facebook. I'm talking people I connected with on the social media platform and now hang out with in real life. It's pretty amazing to be able to interact with like-minded people across the US, and even around the world.
Federal Reserve Chairman Jerome Powell is speaking Friday with Princeton University economist Alan Blinder. The event is being presented by the Griswold Center for Economic Policy Studies at Princeton.
The scramble to jump on one of the hottest gold trades in years -- by shipping bullion to New York -- has sparked what may be one of the largest ever physical transfers of the metal.“The flows into New York are unprecedented,” said Allan Finn, global commodities director at logistics...
...with capital-depleted companies desperate for credit, banks will have both the capacity and the incentive to expand loans, ballooning the money supply and creating inflationary pressures.
Here’s What the Fed Will Do Next, According to a Goldman Sachs EconomistMay 29, 2020 - 07:47:14 PDT
First he expects the Fed to establish a more consistent quantitative easing program, as the current purchases are done on an ad hoc basis. Mericle says the Fed will settle on a pace of roughly $80 billion to $120 billion in U.S. Treasury securities a month, and $25 billion to $35 billion of mortgage-backed securities.
May 29, 2020 - 07:28:59 PDT
The European Central Bank will step up emergency asset purchases next week to haul the economy out of its much deeper than originally anticipated slump, according to a Bloomberg survey of economists.