Precious metals are apparently waking up. And here is where you can find the best deals.
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The Federal Reserve is not just a counterfeiter, it is also the enabler of counterfeiters. The result is everyone is sinking deeper into debt.
The pandemic and its response thus far are perfectly designed to concentrate corporate power. But we don’t have to accept that.
When the Dodd Frank Act was passed in 2010, President Obama triumphantly declared, “No more bailouts!” But what the Act actually said was that the next time the banks failed, they would be subject to “bail ins” – the funds of their creditors, including their large depositors, would be tapped to cover their bad loans.
New York Fed President John Williams Thursday pledged unwavering commitment to limit the economic damage from Covid-19, warning of worsening unemployment and stating it will be some time before a clearer view on the economy develops.
May 21, 2020 - 11:22:27 PDT
Federal Reserve Chairman Jerome Powell participates in a Federal Reserve virtual event on the U.S. economy and the coronavirus impact on communities.
May 21, 2020 - 11:16:15 PDT
“I always tell my clients that if you like gold you certainly have to like silver. I don’t understand why you would be long silver short gold or have it as a pair. I think that you need to have both.
Trump Threatens "Very Strong Reaction" If Beijing "Interferes" With Hong KongMay 21, 2020 - 11:09:32 PDT
Did Trump just crank the belligerent rhetoric up to '11'?
Start building up those capital buffers boys...it's looking like you're going to need them...
Six countries have digital currency pilot programs in place. Canada is in development mode while the US lags. The Central Bank Digital Currency Tracker shows the evolution towards central bank sponsored digital currencies.
The IIF estimates that China’s total debt hit 317 per cent of gross domestic product (GDP) in the first quarter of 2020.
The GDP risk over five years from COVID-19 could range from $3.3 trillion to $82 trillion, according to risk analysis of what may go right or wrong. That is quite the wide range, but please consider the Centre for Risk Studies analysis of the Economic Impact of Covid-19.
The chart reveals that the global policy rate in April 2020 is well below the Post-Global Financial Crisis lows in 2008-2009. So where are investors going to look in the search for higher yields?
While gold could pull back from “around here”, GDX looks like it can keep surging!
President Donald Trump escalated his rhetoric against China, suggesting that the country’s leader, Xi Jinping, is behind a “disinformation and propaganda attack on the United States and Europe.”“It all comes from the top,” Trump said in a series of tweets on Wednesday night.
“However, the enormous amount of monetary stimulus in the system, the need for that to continue for some time and the inflation risk are all bullish for gold in the longer term.”
The CDC’s National Center for Health Statistics released some alarming data earlier this week that surprisingly had absolutely nothing to do with Covid for a change. The report showed that the…
A popular claim is that the 1918–19 flu pandemic killed millions but no biggie, the Roaring ’20s started the following year. It’s onward and upward, baby, once we toss the masks.
Without a holistic approach that includes a rethink of extreme monetary policy, any proposed solutions may only prove to be half measures.
The Class of 2020 started its senior year in a boom time, with the national unemployment rate at a near-record low of 3.7%. But in the bust driven by the coronavirus, 4 million new graduates are now entering the worst jobs market since the Great Depression.
Despite Soft Survey Data Rebound In May, PMI Signals 37% Collapse In US GDPMay 21, 2020 - 08:09:26 PDT
"...it will take the economy two years to regain the prepandemic peak.”