Precious metals are apparently waking up. And here is where you can find the best deals.
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And here we are, with the Fed's Balance Sheet Ballooning Out of Control hoping to prevent the asset bubble deflation that the Fed itself caused.
Ever more debt to be repaid/serviced/monetized by ever fewer...what could go wrong?
Bank of England official Silvana Tenreyro on Monday talked up the benefits of negative interest rates, in comments likely to fuel expectations that Britain might one day take borrowing costs sub-zero to prop up the economy.
Buckle Your Seat Belts, the Road Ahead Is Going to Be Bumpy, Warns El ErianMay 18, 2020 - 11:11:27 PDT
Mohamed El-Erian, chief economic adviser at Allianz, on Sunday disparaged the notion of a quick U.S. economic recovery.
What Did Eight Weeks & $3 Trillion Buy the U.S. in the Fight Against the Virus?May 18, 2020 - 10:53:49 PDT
Unemployment checks are flowing, $490 billion has been shipped to small businesses, and the U.S. Federal Reserve has put about $2.5 trillion and counting behind domestic and global markets.
May 18, 2020 - 10:13:41 PDT
The Federal Reserve's move into corporate debt markets creates a looming market threat once the bank unwinds its relief efforts, Oaktree Capital co-founder Howard Marks said Monday.
At precisely 9:26pm this past Friday night, May 15th, the House of Representatives in the United States passed the “Health and Economic Recovery Omnibus Emergency Solutions Act.” For short…
GOLD fears a deflationary spiral and to what extremes central banks and fiscal authorities will have to embark upon to break that path. The inflation narrative is premature at this time. Deflation is anathema to a debt plagued financial system (2+2=5 as we do the math at NOTES FROM UNDERGROUND). Inflation or DEFLATION depends on which rabbit hole you tumble down.
The Treasury Department released new federal spending and tax revenue data this week, and the US government is spending and borrowing at a record-breaking rate.
What typifies the phenomenon of the boom-bust cycle is that it is recurrent. What is the reason for this?
Despite the unprecedented increase in the European Central Bank’s asset purchase program, the spread of southern European sovereign bonds versus German ones is rising.
Fueled by unprecedented quantitative easing, central bank asset purchases, and various stimulus packages, the money supply growth rate ballooned in April to an all-time high. The growth rate has never been higher, with the 1970s as the only period that comes close.
Virtually everyone who glances at headlines knows the global economy is lurching into either a deep recession or a full-blown depression, depending on the definitions one is using. Everyone also knows the stock market has roared back as if nothing has happened.
We don’t know where we will come out. So the probability is, for the foreseeable future, we’ll have deflation.
The Federal Reserve bought a record amount of mortgage-backed securities last week despite nearly crashing the housing market in March.
Amygdalotomy: Surviving the Intentional Demolition of Warning Signs: HussmanMay 18, 2020 - 07:25:23 PDT
One of the most dangerous forces currently threatening U.S. economic, financial, and public health is the intentional demolition of warning signs that would otherwise enhance survival.
There are two types of "recessionary" events. "Business cycle" and "event-driven" recessions. Is it possible the Fed over-reacted to a natural disaster?
"We Print It Digitally": Futures, Gold Soar After Powell Vows "Lot More We Can Do"May 18, 2020 - 07:14:14 PDT
"While reopening momentum may well carry risk assets a bit higher over the near term, the tepid economic recovery and deep uncertainty over the virus outlook argue against a pivot to more risk-on positioning.”
...as many as 30% of Americans with home loans - or around 15 million households, may stop paying if the US economy remains closed through the summer...
Summers: Pandemic Marks a ‘Fairly Profound Structural Change’ in EconomyMay 18, 2020 - 07:09:21 PDT
States may be easing social distancing measures to spur business activity halted by the pandemic, but Former Clinton Treasury Secretary Larry Summers says the economy Americans are returning to, will be significantly different than the one before the closures.