Precious metals are apparently waking up. And here is where you can find the best deals.
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A new report from Bain & Company predicted global sales of personal luxury goods could fall as much as 60% in the second quarter due to the coronavirus pandemic.
Lisa D. Cook, former senior economist at the White House Council of Economic Advisers under the Obama administration, thinks more stimulus cash is needed to help the economy recover.
April's jobs report will be horrific, and with the worst job losses ever, it should provide a critical look into the economy's collapse.
Global cases: More than 3.8 million. Global deaths: More than 269,00. Most cases reported: United States (1,256,972), Spain (221,447), Italy (215,858), United Kingdom (207,977), and Russia (177,160).
New infections in the US remain stubbornly high, and increasingly, the American people are feeling betrayed by their leaders (something our survey from last week validated).
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Jones also said he remains a fan of gold and predicted it could rally to $2,400 and possibly to $6,700 “if we went back to the 1980 extremes.”
The U.S. has used inflation this way before. Economists Joshua Aizenman and Nancy Marion wrote: The average inflation rate over this period [from 1946 to 1955] was 4.2%...inflation reduced the 1946 [federal] debt/GDP ratio by almost 40% within a decade.
J.P. Morgan Chief Investment Officer Bob Michele predicted it would take ten to twelve years after the pandemic for U.S. employment to get back to its pre-coronavirus level, insisting it won't be
If a bank does not expand circulation credit by issuing additional fiduciary media…it cannot generate a boom even if it lowers the amount of interest charged below the rate of the unhampered market….The inference to be drawn from the [Austrian] monetary cycle theory by those who want to prevent the recurrence of booms and of the subsequent depressions is not that the banks should not lower the rate of interest...
As they brace for a devastating jobs report Friday, the Trump administration is considering pushing tax deadline back again and other unilateral steps.
Challenges with the country's meat supply chain will likely linger as long as the coronavirus pandemic does causing periodic shortages.
Government math doesn’t always add up —The New U.S. jobless claims have been under-reported by at least 2.5 million
'The number of companies with rock-bottom credit ratings has exceeded the peak of the 2008 financial crisis, as dozens of businesses struggling under heavy debt burdens have been downgraded.'
Of the roughly 750 currencies that have existed since 1700, only about 20% remain, and of those that remain all have been devalued.'
Negative rate now shifting from Jan 2021 to Dec 2020 in what appears to be the next market test of the Fed, with stocks, bonds and now FX starting to actively price in negative rates so soon as 6 months from today!
Billionaire "bond king" Jeff Gundlach warned that the US government's borrowing binge could push interest rates below zero and cause immense economic damage in a tweet on Wednesday.
Buffett explains why Berkshire has $120 billion in "terrible investments," pointing to super-low interest rates. Negative ones in the U.S., he said, could be bad.
How does the current chaos affect how much protection gold may offer? Here are three possible outcomes...