Precious metals are apparently waking up. And here is where you can find the best deals.
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In a liquidity crisis, otherwise healthy firms collapse because they can't access credit. The Fed can resolve such a crisis because it can print and lend unlimited amounts of money. In a solvency crisis, companies can't survive no matter how much they can borrow: they need more revenue. The Fed can't solve that.
The latest FOMC meeting did not bring anything unexpected. Powell did not light up the fireworks. However, we still learned a few important things...
What is the NFL telling us about the economy?The conventional wisdom seems to be that the economy will quickly recover once governments open things up again. But recent moves by the National Football League indicate its leadership isn't so confident.
Bond traders see little prospect of a Federal Reserve rate increase for the foreseeable future, as they bank on borrowing costs near zero for roughly the next three years -- with some even hedging against the possibility they could go negative.
If there is any silver lining, Americans are "living within their means" like never before as the savings rate explodes...
The Main Street program now will allow companies with up to 15,000 employees and $5 billion in revenue to apply for financing.
Gold bounced back from early losses on Thursday, buoyed by Fed's decision to keep interest rates near zero and hopes of fresh ECB stimulus.
Venezuela is asking the Bank of England to sell part of the South American nation's gold reserves held in its coffers and send the proceeds to the United Nations to help with the country's coronavirus-fighting efforts, according to two sources with knowledge of the situation.
Massive stockpiling of gold by investors spooked by the coronavirus outbreak offset a collapse in jewellery production to keep global demand for the metal stable in the first three tumultuous months of 2020, the World Gold Council said on Thursday.
Global gold demand was up 1% in the first quarter of the year as extraordinarily strong investment demand offset weakness in consumer markets even as supply dropped.Overall, gold demand came in at 1,083 tons in Q1, according to data in the World Gold Council Gold Demand Trends Q1 2020 Report. In value terms, global gold demand reached US$55 billion – the highest since Q2 2013. The price also reached new record highs in Indian rupees and Turkish lira, among other currencies.
Everybody realizes the US economy is in a bad spot. But most people still seem to believe it will bounce right back once we deal with the coronavirus.They're all high on Federal Reserve fairy dust.
The hunt for a haven helped boost U.S. and European investment in the first quarter to levels last seen after the Brexit vote and Donald Trump’s election, according to the World Gold Council.
US Weekly Jobless Claims Hit 3.84 Million, Topping 30 Million in Last 6 WeeksApr 30, 2020 - 05:35:10 PDT
Nonfarm payrolls for April are expected to show a decline of 2.25 million, with an unemployment rate of 15.1%, according to preliminary estimates from FactSet.
Watch for deflation concerns to eventually reveal themselves in increasingly strong language reinforcing the Fed’s commitment to a 2% inflation target followed by forward guidance to more strongly lock in expectations that the central bank will not reverse policy easing anytime soon.
American Airlines Posts First Quarterly Loss Since Emerging From BankruptcyApr 30, 2020 - 05:21:58 PDT
American Airlines on Thursday posted a $1.1 billion net loss & warned of a cash burn of about $70 million a day in the second quarter, as the COVID-19 pandemic brought travel to a near standstill.
Shares of Chesapeake Energy were falling sharply in premarket trading Thursday after it was reported the oil and gas company was preparing a potential bankruptcy filing.
"Because of the virus, meat slaughtering is 40% below where it needs to be to handle all of the animals coming to market..."
Jobless Claims Could Top 30 Million If New Filers Close to Last Week's LevelApr 30, 2020 - 05:07:03 PDT
Jobless claims continue to grow in the millions, with a consensus 3.5 million expected Thursday, for the week ended April 25.
President Trump has reportedly been briefed by senior aides on a potential plan to bail out a beleaguered U.S. oil industry suffering from a collapse in prices and waning demand from retail customers.
The decision came on the same day that data revealed the 19-member region's economy contracted by 3.8% in the first quarter — the lowest reading since records began in 1995.