Precious metals are apparently waking up. And here is where you can find the best deals.
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Since March 11, the Fed has printed $2.34 trillion to inflate asset prices, restart the chase for yield to where investors would lend to companies with deep-junk credit ratings, already too much debt, and business models that have run aground. It did so to bail out asset holders and Wall Street.
CORONAVIRUS has triggered lockdowns across the world, with serious implications for domestic and international economies, including shredding inflation. According to the chief market strategist for Emea at JPMorgan Asset Management, though, in a year's time, we could experience hyperinflation instead.
Not even during the Great Depression did unemployment increase at nearly as rapid a pace as it is now doing. Over the past six weeks, as the country has been locked down, a staggering 30 million or around one in five American workers has been forced to file for unemployment benefits.
Australia on the verge of worst economic contraction brought about by coronavirus lockdown is chopping inflation. The country is now eyeing deflation.
Consumer prices in Japan's capital city fell for the first time in three years in April and national factory activity slumped, data showed on Friday, increasing worries the coronavirus pandemic could tip the country back into deflation.
Stock futures fell sharply early Friday as investors sifted through the latest batch of big tech earnings. “Dependency on a handful of stocks has masked broadly based weakness in the past, and if they falter, could obscure broadly based improvements going forward,” said Willie Delwiche, investment strategist at Baird, in a note.
Global cases: More than 3.26 million. Global deaths: More than 233,000 The data above was compiled by Johns Hopkins University as of 6 p.m. Beijing time.
Following yesterday's pimping of Gilead Science's drug remdesivir on scant and suspect results, it's hard not to ask the question: Are we being played?
Constant Fed & Congress Bailout/Stimulus Headlines Are Now Good For Gold Stock Bull Market?April 30, 2020
The best gold stocks seem to be rallying strongly, and the dips are being bought. This is a classic sign of a bull market. More mainstream professional money...
The "Buffett indicator" divides the total value of publicly traded stocks by quarterly GDP. "It is probably the best single measure of where valuations stand at any given moment," Buffett wrote in a Fortune magazine article in 2001.
Chain Reaction - Is the Crisis About to Expand? Special Report with Mike MaloneyApr 30, 2020 - 13:56:18 PDT
To show why deflation comes first and why hyperinflation then becomes a distinct possibility, Mike compares US tax receipts to the Wilshire 5000 Index. What is immediately apparent is the high correlation between them—until recently. It takes two consecutive quarters of falling economic activity to officially declare a recession, but it’s clear we’ve entered one now. This is the deflation.
More than 4,000 years ago, the city of Kanesh was quickly becoming an important commercial trading hub within the ancient Assyrian Empire. Kanesh was located in the dead center of modern day Turkey…
I believe global silver mine supply will be falling right at the very time we see Record Physical Silver Investment Demand.
Apr 30, 2020 - 13:39:12 PDT
The global COVID-19 pandemic fueled safe-haven investment demand for gold, offsetting marked weakness in consumer-focused sectors of the market.
CME Group Inc. undefined disclosed Thursday that it agreed to an amendment that gives the commodity exchange company a $7 billion multi-currency credit...
Fed Chairman Jerome Powell urged American congress to deliver more fiscal stimulus to safeguard the U.S. economy as he warned of a weak recovery due to severe economic effects from the virus. The economy shrank an annualized 4.8 percent, the most since 2008.
Apr 30, 2020 - 12:54:54 PDT
U.S. GDP plunged deeply negative into recession, but the numbers would have been worse if not for BEA revisions to data collection.
The coronavirus' seismic hit on the U.S. economy is rattling people's finances. Roughly 41% of working-age adults say their families have experienced a job loss, a decrease in work hours or other employment-related declines in income in recent weeks, according to a new analysis by the Urban Institute.
Apr 30, 2020 - 12:44:40 PDT
Louis Gave chooses tough words for Western governments and central banks. They have underestimated the threat of the Covid-19 pandemic to the economy for far too long, and now they are trying by all means to prop up asset prices.
Apr 30, 2020 - 12:24:28 PDT
Senior U.S. officials are beginning to explore proposals for punishing or demanding financial compensation from China for its handling of the coronavirus pandemic...