Precious metals are apparently waking up. And here is where you can find the best deals.
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In the initial days of the coronavirus pandemic, there was hope that the economy would be able to bounce back quickly, but reality has turned out differently, said Minneapolis Fed President Neel Kashkari said Thursday.
It's about to be "look out above"! Dave Kranzler joins Silver Doctors to discuss gold, silver, and all of the latest market & economic news...
Even as malls and stores begin to reopen, the coronavirus pandemic has taken a toll on an industry already battered by the shift to online shopping. Roughly 100,000 stores are expected to close over the next five years—more than triple the number that shut during the previous recession.
"We can make loans to solvent businesses," Powell said, but cautioned that "The passage of time is all that is needed for a liquidity problem to turn into a solvency problem."
So much for Fed credibility.
More than 36 million Americans have applied for unemployment benefits since the coronavirus wrecked havoc on the economy. Never before have state unemployment insurance systems been tested like this. Many are struggling to keep up with demand and payouts have been uneven.
What Real Time Indicators Say About The True State Of The US And Global EconomyMay 14, 2020 - 11:09:09 PDT
With the official GDP update on the current state of the US economy not due for months, we take a look at the latest real-time indicators compiled by some of the largest banks.
May 14, 2020 - 11:05:09 PDT
Supply chains collapse, companies are facing bankruptcy, and mass unemployment ensues. Covid-19 has triggered a global financial crisis and is forcing states to develop rescue packages on a scale not seen before.
The coronavirus pandemic has battered Americans' finances, with nearly one-fifth of workers saying their job has been affected by the crisis, the Federal Reserve said in a new report released Thursday.
The factors he lists that show the depression will get much worse include excessive debt, defaults, declining demographics, deflation, currency debasement and de-globalization.
The last time the US government pumped billions of dollars into an industry to deal with an economic crisis, it effectively took over two of the nation’s largest carmakers, securing large equity stakes in General Motors and Chrysler and forcing a painful operational restructuring that made the pair more efficient.
Hertz Cancels 90% Of New Car Purchases, Pressuring Already Desperate AutomakersMay 14, 2020 - 10:02:46 PDT
General Motors, Fiat and Ford will be hit the hardest, as they made up 21%, 18% and 12% of Hertz's vehicle supply, respectively...
The core problem is the U.S. economy has been fully financialized, and so costs are unaffordable.
While ordinary Americans face record unemployment and loss, the COVID-19 bailout has saved the very rich.
The reasons behind the Fed’s No-NIRP stance: It doesn’t work and kills bank stocks. One of the most revealing statements.
US stocks slipped for a second consecutive day on Wednesday, following warnings from the Federal Reserve Chair Jerome Powell that the current pandemic raises concerns about long-term economic damage with significant downside risks to the outlook.
Delta to Retire Boeing 777s as Pandemic Dims Outlook for International TravelMay 14, 2020 - 08:41:46 PDT
Delta also said it expects to be overstaffed by some 7,000 pilots and is aiming to reduce it's cash burn to zero by the end of the year.
The majority of analysts still don’t understand that gold and silver are based on two different price or value functions. To understand the future forecasts for precious metals, investors need to the difference between the two value functions.
“If a similar pattern is to be repeated, then the precious metal can hit $3,500 and even $4,000 in the coming three years.” wrote Hussein Sayed, chief market strategist at FXTM, in a daily research report.
May 14, 2020 - 07:32:38 PDT
The United States sent a warship through the Taiwan Strait on Thursday as the Chinese military embarked on more than two months of live-fire naval drills off the mainland’s northern coast.