Precious metals are apparently waking up. And here is where you can find the best deals.
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By bailing out the sources of systemic fragility with trillions of dollars, the Fed has shifted the risk to the entire financial system and the nation's currency.
“The increase in privately-held net marketable borrowing is primarily driven by the impact of the COVID-19 outbreak, including expenditures from new legislation to assist individuals and businesses, changes to tax receipts including the deferral of individual and business taxes...
Small Businesses, That Couldn't Get PPP Loans, have few months To SurviveMay 4, 2020 - 11:56:43 PDT
"Just 13% of the 45% who applied for a PPP loan were approved..."
The pace at which emerging market economies are losing FX reserves is staggering. In March, emerging economies lost around $1.5 billion in foreign exchange reserves per day, according to Bloomberg.
The outlook for the Federal Reserve’s balance sheet is ‘highly uncertain” given the economic deterioration caused by the coronavirus pandemic, the New York Fed said in a report released Monday.
Just a few weeks into the coronavirus crisis, many are already pointing to the striking contrast between what has happened to the real economy and financial markets. This Main Street versus Wall Street tension is fueled both by legacy and current issues and sheds light on the state...
The financial strength of the US state pension system has deteriorated to its weakest position in at least three decades as a result of the market turmoil unleashed by the coronavirus pandemic.
Treasury Secretary Steven Mnuchin is likely to boost the government’s quarterly round of debt auctions to unprecedented levels this week to finance a deficit that’s set to surpass estimates of $4 trillion for this year as lawmakers discuss additional economic stimulus.
Even some traditionally deflation-wary thinkers have begun pondering that outcome. Former International Monetary Fund Chief Economist Olivier Blanchard recently wrote that high inflation is “unlikely but not impossible,” a sentiment echoed by former European Central Bank policy maker Peter Praet.
The millennial generation has been hit the hardest by unemployment, lack of savings and two recessions during their relatively short career arcs.
Up to 40% of Americans can't pay more than the minimum, and they should be seeking relief directly from credit card companies.
Small Business Confidence Crashes, Revealing More Main Street Carnage AheadMay 4, 2020 - 09:30:10 PDT
Small business owners across the U.S. are in an impossible situation: They fear that their firms may go under in a matter of months if state lockdowns caused by Covid-19 don't end, and yet many also are worried that reopening business too soon may result in the same fate.
Money Can Solve Problems, as Long as Inflation Isn’t a Concern: BloombergMay 4, 2020 - 09:25:07 PDT
You can indeed do a lot with fiat money, even drop it from helicopters. That is an eventuality that looks ever more likely, and the coronavirus has created the ideal circumstances.
It’s Monday and stocks are falling again, as U.S.-China tensions ramp up and states begin to emerge from lockdown.
Gold prices edged higher on Monday as U.S. President Trump's threat to impose tariffs on China kindled fears of a new trade war and weighed on risk-on sentiment.
Venezuela’s Sending Its Gold Reserves to Iran: This Is Where Socialism LeadsMay 4, 2020 - 08:34:01 PDT
It’s come to this: Venezuelan dictator Nicolas Maduro is now sending a good chunk of the nation’s gold to Iran in exchange for help propping up the decrepit oil industry. At least nine tons of gold…
Swiss refiner Valcambi SA tried for five straight days last month to move a shipment of gold out of Hong Kong. Twice the metal was packed carefully onto a plane, only to be offloaded again. After daily attempts and numerous arguments, the gold suddenly arrived in Switzerland without warning...
...worst ever drop... and it will get worse in April!
Gold has done well this year as investors are looking for non-fiat type assets as central banks and governments expand their balance sheets and print currency to battle a recession.
Big central banks are buying from an expanding menu of government bonds, corporate debt and consumer loans to help businesses and households through the coronavirus pandemic -- and no one knows whether they can stop.
Mohamed El-Erian, chief economic advisor at Allianz, joins "Squawk Box" to discuss Warren Buffett's take on the markets and the impact of the Fed's emergency response to the coronavirus crisis.