I LOOK FOR Lagarde TO INCREASE THE ECB PSPP at an ever faster rate in an effort to make the German’s ability to exit the EURO economically impossible because the impact on the global financial system will be catastrophic. It would mean a total collapse of the financial system with the DEFLATIONARY COLLAPSE that all institutions are trying to avoid.
The FDIC is urging the country’s 8.4 million unbanked households to open bank accounts to speed up disbursement of the up-to-$1,200 stimulus checks.
here is a new all time record discrepancy between employment and unemployment in the Household Survey that measures the unemployment rate.
The staggering U.S. unemployment rate reported by the government on Friday amid coronavirus lockdowns may get even worse, Treasury Secretary Steven Mnuchin said on Sunday.
Americans should brace for even more gut-wrenching news on unemployment amid the coronavirus pandemic, and Congress should consider providing more help, said Federal Reserve Bank of Minneapolis President Neel Kashkari.“The worst is yet to come on the job front, unfortunately,” he said...
“Now we have potentially almost 40 or 50% of the hospital system in the U.S. that’s in a really tough spot,” with less than a year of cash on hand. A wave of bankruptcy filings from hospitals is likely on its way,
Global cases: More than 4.1 million. Global deaths: At least 282,727. Most cases reported: United States (1,329,799), Spain (224,350), United Kingdom (220,449), Italy (219,070), Russia (209,688)
All that the $trillions in rescue bailouts/stimulus are doing is making the wealthy elites and the large corporations whole on their bad bets, while simultaneously making them richer by deforming stock prices even higher.
The sovereign scheme to suppress the gold and silver price will ultimately fail...
There is a chance central banks will own a good part of cross-sector corporate debt/equity when the dust settles and inflation starts to go through the roof.
Is a Biblical debt jubilee coming to America?
Silver is the matrix of precious metals..
With Pan American Silver’s All-In Sustaining Cost for Q1 2020 at $15.26, it is now very close to the current spot price of silver at $15.48.
What exactly does it mean when pundits say that gold is a “store of value” and “hedge against inflation”? In this article we’re diving deep into these questions and discussing how gold has performed over time, not only measured in US dollars but in other currencies.
The gold price next week or next year is totally irrelevant. Here is the only thing to consider about gold...
For the week, the most-active contract for gold saw a weekly rise of almost 0.8%, while silver futures logged a nearly 6% advance over the period, according to FactSet data.
House Democrats are working on a plan to provide new aid for states and cities, additional money for households
House Speaker Nancy Pelosi said Thursday she is prepared to unveil a stimulus bill written by Democrats that would increase federal aid to states and cities, expand nutritional benefits and Medicaid funding, and provide monthly payments to individuals.
The U.S. Federal Reserve is trying to keep the coronavirus crisis from becoming an extended financial crisis. And the Fed's measures go beyond anything the central bank did during the Great Recession of 2009.