Precious metals are apparently waking up. And here is where you can find the best deals.
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According to the UN and other experts, the next global crisis (thanks to COVID-19) could be acute food shortages. Here's why.
MIT economist Daron Acemoglu’s new research puts a number on the job costs of automation.
The spike in the unemployment rate indicates that this surge in job seekers was highly disappointed. They could not find jobs. Their addition to the labour force merely raised the unemployment rate. Evidently, the hope and the desperation described last week (“Hope in a desperate ...
Lam urged the Legislative Council to pass the economic stimulus including measures in the budget as soon as possible and speed up approving government projects.
An economic cataclysm has been unleashed upon the world by Western politicians and bureaucrats. Unbelievably, economic activity in the West has slowed to a creep, as entire populations have been confined to their homes for weeks, if not months.
To counter the likely severe side effects of the lockdowns on the economy—introduced to prevent the spread of the coronavirus—the Federal Reserve has embarked on massive expansion of its balance sheet.
Stimulus Spending Soar. The U.S. government expects to borrow a record $4.5 trillion this fiscal year as it steps up spending to battle the coronavirus pandemic and what is likely to be the deepest economic downturn since the Great Depression.
In January and February US manufacturers exported millions of face masks and other vital medical supplies to China, according to the Washington Post. It's safe to assume those were good.
Goldman expects the final vintage of Q1 GDP to show a decline nearly 100% greater than the first estimate, rising to -8.2% and matching the biggest plunge recorded in the depths of the financial crisis.
More than 251,000 people around the world have died from Covid-19 and over 3.5 million people have been infected, according to data from Johns Hopkins University.
Picking up on our last video about the Newsweek report that the US has been funding bat coronavirus 'gain of function' research at the Wuhan Institute of Virology, we dig further into the "Was covid-19 created in a lab?" debate.
We suspect that wave 3 will extend higher than the above projection also, as gold is likely heading well above $5000/oz...
"we’ve looked at the elevated bid-ask spread in gold (though not nearly as elevated as some goldbugs would have you believe)"...
Imagine you’re on a ship that has struck an iceberg, and you know it’s going down. You quickly grab the life vests for you and your family. You rush to the deck to go to the lifeboats, but there you encounter some authority…that is actively taking life vests away from one group of people by force, and giving them to another group of people, and leading them to the lifeboats - deciding who will live, and who will die. In this analogy, the ship is the economy, and the authority is the Federal Reserve. This is happening right now. Enjoy today’s update from Mike.
The gold price is set to hit new 2020 highs amid rising demand from institutional investors, who seek safe havens during economic uncertainty.
There is no sure thing right now. But real assets like productive land, profitable businesses, and precious metals tend to be safe havens at a time when governments and central banks are willing to sacrifice the currency.
California State first to Borrow From Fed to Make Unemployment Payments: WSJMay 4, 2020 - 12:26:26 PDT
California has become the first state to borrow money from the federal government so it can continue paying out rising claims for unemployment benefits during the coronavirus pandemic.
April Jobs Report Likely to Show Highest Unemployment Rate on Record: WSJMay 4, 2020 - 12:22:50 PDT
April’s report, to be released Friday, is expected to indicate that the pandemic inflicted the largest one-month blow to the U.S. labor market on record.
Sales have not been this low for 50 years. On a population-adjusted basis, these numbers are a disaster.
Home prices have only fallen nationally once since the Great Depression, and that was after the subprime mortgage crisis and the Great Recession. Now, barely eight years after hitting bottom, and after a mighty recovery, prices are predicted to fall nationally again, down 2-3% this year, according to Zillow.