Precious metals are apparently waking up. And here is where you can find the best deals.
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I want to see a correction in gold & silver. I get twitchy when everyone is talking about how high gold is going to go and how Comex is about […]
To cancel rent and mortgage payments, the federal government would have to take sweeping and possibly unconstitutional intervention in the housing and financial markets, interceding in private contracts and ordering banks and landlords not to collect money.
The loans have $841 billion in unpaid principal balance, up almost 12% from a week earlier, according to figures released Friday by Black Knight Inc.
Consumers are putting more money away at a time when bank savings, money market accounts and Treasury bonds are yielding next to nothing after the Federal Reserve slashed rates to zero last month and launched numerous lending programs ...
I never imagined I would get this much joy from going to the gym. Or that joy could so quickly turn to rage.
“The high debt levels across all sectors and large-scale nationalization of the economy will, in absence of an exit plan, restrain investment and reduce productivity in the long run, giving rise to secular stagnation or at some point stagflation,”
Michael Lewis’s “The Big Short” told the story of CDOs, now infamous debt securities that played a starring role in the last financial crisis. This time around their cousins could be thrust center stage.
South Korea's Exports Suffer Worst Slump Since the Global Financial CrisisMay 1, 2020 - 07:19:14 PDT
The coronavirus crisis sent South Korean exports plunging in April at their sharpest pace since the global financial crisis, signalling a bleak outlook for international trade as the pandemic paralyses the world economy and shatters demand.
“Smaller firms are being hit the hardest, and also reporting the highest job losses, but large firms are also seeing the sharpest downturn on record..."
Are gold and silver really going to the heights Mike Maloney thinks they will?Gold is one of the very few asset classes that has risen this year—but the price is still a far cry from the $5,000 to $10,000 levels he’s mentioned. Silver is worse; not only has it fallen this year, most miners can’t even make a profit at current prices.Will we really see triple-digit silver? Is the gold price realistically going to triple or quadruple or more?In our view these are not far-fetched levels. How can I possibly say that?
It is now the equivalent of more than 31% of the size of the U.S. economy at the end of the first quarter, and will certainly grow larger in the weeks ahead as the Fed keeps piling on assets and the economy shrinks further.
US stock markets just had their best month since 1987. Meanwhile, the economic data is as bad as it's ever been. It's almost like a tale of two cities. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into some of the data and explains why the damage to the economy caused by the coronavirus government shutdowns is deeper than a lot of people think. He also talks about silver. It's as cheap as it's ever been in human history.
Another 3.84 million Americans filed for unemployment benefits last week. The report comes on the heels of worse-than-expected GDP data for the first quarter. Allianz Chief Economic Adviser Mohamed El-Erian on why he says there is more pain to come and how the U.S. can avoid the mistakes of the last recession.
We will undoubtedly exit the crisis with damaged economies and higher debts. But assessing how sustainable these debts are is a more nuanced exercise than stimulus critics imply. The most common measure to assess debt sustainability is the debt-to-GDP ratio:...
The length of almost two football fields, the cargo ship Jupiter Spirit arrived in Los Angeles’ harbor on April 24 after an almost three-week journey from Japan, ready to unload its cargo of about 2,000 Nissan Armada SUVs, Rogue crossovers and Infiniti sedans in a quick, half-day operation. But when the …
The job market is deteriorating rapidly, but no one knows by how much because government statistics are produced with a lag.
"The decision to temporarily suspend the origination of new HELOC reflects careful consideration of current market conditions and the uncertainty around the timing and scope of the anticipated economic recovery,"
Canada’s budget deficit will mushroom to C$252.1 billion ($181 billion) in 2020-21 on Covid-19 spending and plummeting oil prices, according to estimates from the Parliamentary Budget Officer.
Based on over 30 million unemployment claims in just six weeks, let's calculate the unemployment rate. Next Jobs Report May 8
The idea that the economy will quickly rebound and everything will be back to normal as soon as the shelter in place orders are lifted is pure fantasy. The fact is we’re all so screwed at this very moment we’ve yet to realize just how screwed we are.