Precious metals are apparently waking up. And here is where you can find the best deals.
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Gut-wrenching tally balloons. Gig workers and contract workers are starting to be included. Florida tries to catch up.
Many people are still having problems finding out the status of their payments. One IRS web tool, in particular, has caused some confusion.
Guards Chief: U.S. Warships Will Be Destroyed If They Threaten Iran in GulfApr 23, 2020 - 12:11:46 PDT
Iran will destroy U.S. warships if its security is threatened in the Gulf, the head of Iran's elite Revolutionary Guards told state TV on Thursday, a day after U.S. President Donald Trump warned Tehran over "harassment" of U.S. vessels.
Food-security remains a significant problem during coronavirus lockdowns. The next big issue unfolding is the shuttering of the nation's food plants could drive food inflation sky high.
Mortgage Market Meltdown: The Wealthiest Loan Applicants Being Turned DownApr 23, 2020 - 11:47:04 PDT
"...investors who’d normally buy these loans no longer want them. Whether the assets are good or not good is irrelevant because there’s no liquidity to buy them.”
We believe the Real Estate market may be the next big asset revaluation event as consumers continue to process the COVID-19 virus crisis and the consequences of this event.
Hundreds of Airbnb hosts have taken to online groups to complain that they have yet to receive any payments from a $250 million coronavirus relief fund announced by the company last month. Some of those who have received payments say they're woefully inadequate.
The developer behind the Hudson Yards project says hotels and retail stores will be hit with a “wave of defaults” as the coronavirus batters the U.S. economy.
While we did not expect the economic speed at which the damage was done by the pandemic, there was enough reason to consider the potential of a very sluggish economy in the least, combined with the growing danger of inflation in the years ahead.
Apr 23, 2020 - 11:23:07 PDT
“These are ruin problems,” the paper states, exposure to which “leads to a certain eventual extinction.”
“When the government is called upon to protect you on the downside, they have every right to regulate you on the upside,” Cooperman said. “So capitalism is changed.”
New York Gov. Andrew Cuomo tore into Sen. Mitch McConnell over the Senate leader’s support for letting states declare bankruptcy as they suffer revenue losses due to the coronavirus pandemic.
Gold prices rose back above $1,750 an ounce again on Thursday as a further easing of U.S. initial jobless claims eased the strain on risk assets and reduced the risk of margin calls.
SDRs were originally intended as a kind of “paper gold.” Once the IMF starts the printing presses, investors will probably favor real gold as the proper antidote.
Now what will the Fed do about all the junk bonds issued by zombie energy companies that are about to blow up? Probably nothing. Large oil companies and distressed asset funds are likely to scoop up all the frackers, who can’t service their debts, at big discounts. Some portfolio managers will have to take big hits in their junk-bond portfolios. That’s the downside of associating with zombies.
The last time respondents were this confident in the head of the U.S. central bank was 2004, when 61% were upbeat about Alan Greenspan. The annual series dates back to 2001, the year Greenspan had his highest rating at 74%.
Facility could fill “critical gap” left by central bank dollar swap lines, senior IMF official says
How does gold move in a bull market, and why is gold really shining now?
As governments dedicate more than $8 trillion to fight the coronavirus pandemic, a further widening in the gap between rich and poor countries threatens to exacerbate the global economy’s pain.Wealthy nations have delved deep to cushion the blow.
Europe is entering what is projected to be the steepest recession in living memory and the timing of the recovery will depend on factors largely outside the control of policy makers, such as the availability of a vaccine or a cure for the disease.