Precious metals are apparently waking up. And here is where you can find the best deals.
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This is the largest drop since the government's homebuyer tax credit expired in July 2010...
Venezuela just can't catch a break as Western, first world nations continue to pillage & plunder whatever the Latin American nation has left...
This is the end. In this ‘deep dive’ presentation Mike Maloney points out how the Fed is now backed into a corner - that there are only two actions they can take, and both lead to the same destination. Stick with this video, it is detailed…but the conclusions are vitally important to understand.
In response to the coronavirus economic lockdown, the Fed pulled out all the stops, launching what amounts to QE infinity. And there is no end in sight. During a recent 60 Minutes interview, Federal Reserve Chairman Jerome Powell said there is "no limit" to what the Fed can do.This is the same "cure" the Fed gave us in the aftermath of the 2008 financial crisis. Most of the mainstream swears it worked. But did it really?We have been arguing that it didn't In fact, we believe the Fed's solution is actually the root of the problem.
The unprecedented monetary and fiscal measures unleashed around the world may lead to weaker long-term growth and currency debasement, supporting gold prices, according to JPMorgan Chase & Co.The risk of currency debasement may heighten next year...
Central banks’ interventions in the pandemic economy are unprecedentedly vast—and not nearly enough.
With demand for many goods and services wiped out by efforts to contain the deadly outbreak, there’s a new concern that the economy’s sudden and severe stumble could lead to a dangerous phenomenon known as deflation, when overall prices drop. “The risk is definitely toward deflation,” says Julia Coronado, president of Macropolicy Perspectives LLC.
The small difference WoW suggests a second wave of unemployment is hitting... we have lost 413 jobs for every confirmed US death from COVID-19 (93.439).
Earlier in the week, gold sold off on the announcement that initial trials on a coronavirus vaccine looked promising and on Thursday, gold was selling because, as CNBC put it, the yellow metal was "pressured by hopes of a swift recovery from the coronavirus-driven recession." During a recent podcast, Peter Schiff said this just goes to show that people don't understand gold or why its price is generally rising and why they need to buy gold now.
Delinquencies on U.S. home loans surged by 1.6 million in April, the biggest one-month gain ever, as soaring job losses fueled a 90% jump in missed payments and government programs offered penalty-free delays.Mortgages at least 30 days in arrears almost doubled to 6.45%, the highest rate...
Sales of U.S. hotels, offices, malls and other commercial real estate plunged 71% in April to the lowest level in a decade, as the coronavirus shut down large parts of the economy, according to Real Capital Analytics Inc.Transactions fell to $11 billion, the smallest volume since April...
Asian markets were little changed in early trading Thursday, after Wall Street bounced back and Japan reported miserable exports data.
British banks are confronting the European import of sub-zero interest rates that could damage profits already weakened by the coronavirus pandemic, and the Brexit divorce rumbling towards its rocky end
The former RBI governor says more needs to be done, and faster, if India s economy is not to be reduced to a shadow of its former self.
The devastating impact of the coronavirus on the euro zone economy abated a little this month as some government-imposed lockdown measures introduced to contain the spread of the virus were eased, a survey showed.
Lebanon’s central bank will intervene in the market starting from Thursday to protect the Lebanese pound whose declining value has forced up the price of food and other commodities,...
At its 20 May meeting, the Monetary Policy Committee of the Bank of Thailand (BoT) slashed the policy rate by 25 basis points to a fresh record low of 0.50%.
Bank of Canada Deputy Gov. Timothy Lane says the depth of the economic contraction will depend mostly on how stringent economic restrictions are and how long they last.
Negative interest rates are creeping into Singapore.The nation’s overnight borrowing rate was less than two basis points above zero on Tuesday, down from the year’s high of 1.68% in January.
The number of residential property deals plunged by 53.4% compared with April last year, according to provisional data published by the U.K. tax authority on Thursday. About 46,440 home sales were recorded.