Precious metals are apparently waking up. And here is where you can find the best deals.
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With the federal debt now larger than the whole US economy, spending cuts and tax hikes are inevitable.
Economist Mark Zandi told Senate Democratic committee leaders that Congress needs to extend the beefed-up unemployment insurance and move "quickly" to send more aid to states and cities. Zandi said those governments are "teetering on the financial edge,"
The coronavirus stimulus checks helped many Americans during the pandemic. But one expert thinks the government still needs to cough up more money.
The March 16 stock crash was part of a broader liquidity crisis that pummeled even seemingly safe bonds, threatening the viability of companies and municipalities across America. Only action from the Federal Reserve brought things back from the brink.
Even as outbreaks in China and other countries appear to have abated, the pandemic has picked up speed in other parts of the world.
On the data side, more and more evidence mounts that not only does HCQ make a positive difference in lessening the impact of covid-19 (when delivered early along with zinc and an antibiotic like azithromycin), but it also appears to work effectively when taken in advance of infection as a preventative measure.
Fannie Mae and Freddie Mac’s regulator is proposing that the mortgage giants be required to hold a quarter trillion in dollars in capital to guard against losses.
The U.S. budget deficit is expected to swell to more than $3 trillion this year, as the government spends on stimulus to fight the impact of the coronavirus.
Highly Indebted ‘Zombie’ Companies Control More Than 2 Million U.S. JobsMay 20, 2020 - 12:57:28 PDT
The companies occupy a large swath of American industry, from big conglomerates to the restaurants and bars that have suffered so much during the coronavirus pandemic and the associated social distancing measures that have torn a hole through the U.S. economy.
The yearly growth rate of the US consumer price index (CPI) fell to 0.4 percent in April from 2 percent in April last year while the annual growth of the producer price index (PPI) plunged to –1.2 percent last month against 2.4 percent in April 2019.
Demand based on debt, unfulfilled promises, over-regulation and unaffordable habits is burning down. Scapegoating savings is the last desperate propaganda ploy of an exploitive system that was never sustainable.
The World Bank named Harvard University professor Carmen Reinhart as its chief economist, tapping an expert in the history of debt & financial crises as the global economy suffers its deepest downturn since the Great Depression.
Gold Futures End Higher for a Second Session, Extend Gains After FOMC MinutesMay 20, 2020 - 12:04:42 PDT
Gold futures posted a second straight session climb on Wednesday, then extended those gains after minutes from the Federal Open Market Committee's April...
FOMC Minutes Show among others, Fed Officials Hint At Yield Curve ControlMay 20, 2020 - 11:58:32 PDT
Gold (and silver) also rallied as the dollar leaked lower since the relatively dovish (if its possible to get any more dovish) statement.
Fed's $600 Billion Mid Market "Main Street" Lending Facility Is A Total DisasterMay 20, 2020 - 11:54:51 PDT
The Fed has no clue how to implement it. Clueless politicians want loan forgiveness before loans are even issued... The Fed's "Main Street" lending program is shaping up to be an epic waste of time - and purchasing power.
Fed Minutes: Fears of ‘Extraordinary Amount of Uncertainty & Considerable Risks’May 20, 2020 - 11:22:08 PDT
In addition to cutting rates, the Fed has instituted a slew of lending and liquidity programs targeted at market functioning and getting capital to businesses and individuals. Central bank officials said those measures will continue and there may be additional measures taken.
While everyone from goldbugs to cryptos to dip-buyers focused on that flood comment, the digital money printing, everyone ignored the only thing Powell said which was somewhat truthful.
CBS has learned some of the same international flights that have long been blamed for causing coronavirus to explode in our area are still operating.
Backers of direct-cash programs such as universal basic income see new opportunity because of coronavirus relief. And support appears to be growing fast.