Precious metals are apparently waking up. And here is where you can find the best deals.
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In the middle of a spat between Europe’s top courts over the limits of European Central Bank monetary stimulus, President Christine Lagarde is probably preparing to do even more.A lawyer herself, Lagarde says her institution is “undeterred” by a legal tussle over its 2.7 trillion-euro
Under the tender care of the Federal Reserve, America's wealth inequality has skyrocketed to new heights of obscenity as America's billionaires feasted off the Fed's recent stock market rally.
Consumer debt – student loans, auto loans, and revolving credit such as credit cards and personal loans but excluding housing-related debts such as mortgages and HELOCs – jumped by $153 billion at the end of the first quarter, compared to Q1 a year earlier, or by 3.8%, to $4.15 trillion (not seasonally adjusted), according to Federal Reserve data:
Will our future be one of freedom and increased prosperity, or are we headed towards something more dystopian? That’s the question Mike Maloney addresses in his latest analysis of world events.
Angry: Chinese Officials Call For Renegotiation Of "Phase One" Trade DealMay 11, 2020 - 12:23:02 PDT
If the trade war restarts, "China knows how to respond, and it is able to retaliate quickly and inflict serious harm on the US economy."
Factory furloughs across the U.S. are becoming permanent closings, a sign of the heavy damage the coronavirus pandemic and shutdowns are exerting on the industrial economy.
In yet another unprecedented COVID historic first, insurance companies are actually turning away Americans who want to purchase a life insurance policy.
Lenders are increasingly turning away homeowners looking for equity lines of credit or a cash-out refinance, spooked by the surge in unemployment and the jump in requests by borrowers to skip mortgage payments.
More than $200 billion has been sent to roughly 130 million American so far, the IRS said on Friday. And the government is not finished. More than 150 million checks are expected to be distributed.
"The Federal Reserve is prepared to do everything it can to support employment, Chicago Federal Reserve Bank President Charles Evans said on Monday.
After Trying for a Decade, Central Banks Might Succeed at Generating InflationMay 11, 2020 - 11:23:25 PDT
With huge levels of fiscal and monetary stimulus, that finally might happen, Morgan Stanley economist Chetan Ahya said. While the inflation could help stimulate the economy in the short term, longer-term ramifications are often dangerous.
JPMorgan Makes Case for Gold, Said the Trade Works Under a Number of ScenariosMay 11, 2020 - 11:00:04 PDT
CNBC Pro: Buying gold will protect investors if economic stimulus sparks inflation and in other environments, according to JPMorgan.
Equity investors should not worry about inflation for the time being despite central banks unleashing monetary policy. Gold will perform well during deflation and reflation, JPMorgan said.
6 Reasons Why Goldman Sachs Sees the Market Dropping Nearly 20% in 3 MonthsMay 11, 2020 - 10:23:55 PDT
"A single catalyst may not spark a pullback, but a number of concerns and risks exist that we believe, and our client discussions confirm, investors are downplaying," a strategist said.
As U.S. Slides Into Depression, Consumers Never Been More Bullish On StocksMay 11, 2020 - 10:19:01 PDT
Not even in Khruschev's wildest dreams did central planners ever conceive of anything so absolutely batshit insane as what is taking place in US "markets" right now.
On gold, Sinclair says the ultimate price is an easy-to-calculate math problem. How much gold does America have compared to how much debt it has? So, how high could gold ultimately go? Sinclair says, “It’s simple math. You take the amount of gold the U.S. says it has, and then you take the debt it has, and what price would you need for the debt to balance to zero?
Fed watchers who are rightfully questioning if this isn’t Part II of the last crisis – held off this long by debt-fueled spending and money creation out of thin air by the Fed and its foreign central bank collaborators.
It appears that we are all modern monetary theorists now.
The support to corporate America during this economic shutdown risks the creation of a new moral obligation for the U.S. government.
U.S. Has No Need to Buy Back Debt, Will Take Advantage of Low Interest RatesMay 11, 2020 - 08:58:33 PDT
U.S. Treasury Secretary Steven Mnuchin said on Monday he sees no need for the country to buy back debt and that he plans to borrow money long-term to lock in low interest rates, as the coronavirus pandemic rocks the economy. "Because of the amount of debt we have in short-term that does roll off