Precious metals are apparently waking up. And here is where you can find the best deals.
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The 1970s were hit by a nasty bout of stagflation– a period of high unemployment, high inflation, higher taxes, higher debt levels, and pitiful economic growth.
The economy has suffered bigger losses than at any time since the Great Depression.
More than 30 million Americans have filed unemployment claims and GDP dropped 4.4% in the first quarter, even before the worst of the economic damage began.
The current scale of unemployment in the US is striking. What does it all mean for the gold market?
The Market Is Getting Excited as the Fed Prepares to Buy Corporate Bonds?May 5, 2020 - 12:56:44 PDT
Some Fed critics worry about the central bank’s movement into buying riskier assets, which step up the central bank’s crisis-era interventions into only Treasurys and mortgage-backed securities. Warren Buffett said Saturday that the Fed’s moves could have “extreme consequences,” though he noted that inaction also would have had major ramifications.
The new coronavirus strain began spreading in Europe in early February before migrating to other parts of the world, including the U.S., becoming the dominant form of the virus across the globe by the end of March, researchers at the Los Alamos National Laboratory found in a new study.
The group, led by Vice President Mike Pence, has already been moved out of the spotlight. A source told CNBC that the operation has been meeting less frequently.
The economy was teetering on the brink of a recession months before anyone heard of coronavirus. Last September, a panicked Fed began emergency infusions of cash into the repurchasing market, which is where banks make short-term loans to each other.
Creator Of Bond Volatility Index Reveals When Fed Will Finally Lose ControlMay 5, 2020 - 11:58:46 PDT
The FED will no longer be able to "hold back the tides" if interest rates above 4.5%...
Total U.S. household debt reached a record $14.3 trillion at the end of the year after increasing by $155 billion, or 1.1%, in the first quarter of 2020.
Lenders are worried Americans won’t be able to pay back their loans, so they're implementing stricter qualification requirements and lowering credit limits.
The Fed’s emergency rescue of the U.S. mortgage market should have set off celebration among lenders trying to keep up with demand from borrowers. Instead, executives at Quicken Loans got a hefty margin call.
Join Mike for his latest update as he explores the possibility of the current crisis turning towards war, the coming inflation and disruption in the food sector, and an announcement Mike's next Special Report on the Federal Reserve’s antics.
Argentina’s economy minister has sought to raise the stakes with the country’s bondholders by suggesting his government would consider defaulting on $65bn of foreign debt unless investors engaged in negotiations to alleviate its financial burden while tackling the coronavirus pandemic.
The yellow metal is poised to hold its purchasing power as the Federal Reserve prints money on a massive scale. Over the last 70 years, for example, gold’s inflation-adjusted annual return was 2.1%. In other words, gold has held its purchasing power. And that’s what it’s supposed to do.
The increasingly conservative behavior that categorizes deflation looks set to continue. As the chart below shows, yield spreads (and defaults) are probably on a rising trend.
The very same Firm that Will Manage a $750 Billion Corporate Bond Bailout Program for the Fed.
As ridiculously undervalued as gold is in US dollars, gold still can't withstand the impact of a deflationary wave...
The official U.S. unemployment rate for April, due out this Friday, will likely vastly understate job destruction from the coronavirus pandemic, so a pair of economists at the Federal Reserve Bank of Chicago set out to create a measure that captures the true extent of labor market losses.
Sam Zell, the billionaire known for buying up troubled real estate, said the coronavirus pandemic will leave the same kind of impact on the economy and society as the Great Depression 80 years ago, with long-lasting changes in human behavior that imperil many business models.
Among the latest disputes between the U.S. and China is the origin of the coronavirus, which has infected more than 3 million people and killed over 250,000 globally, data by Johns Hopkins University showed.