Precious metals are apparently waking up. And here is where you can find the best deals.
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State and local governments are warning of a wave of layoffs and pay cuts after getting left out of the federal coronavirus relief package expected to pass Congress this week.
Compared to the Blue Chip forecast these models look ridiculously optimistic. The GDPNow website offered this tidbit.
5 times the last record set after the financial crisis. G-7 central banks bought nearly $1.4 trillion of financial assets in March, Bloomberg reported Tuesday, roughly five times the last monthly reco...
At some point we will all be celebrating in Times Square. It will happen. At some point afterwards the many will then be wanting to ensure that capital does not only flow to the too few – and the reckoning will be awesome for markets to behold.
With deflation engulfing the world right now, is there really any reason to worry about inflation?Yes. As I’ll show below, not only has inflation started abruptly many times throughout history, the current actions of the Fed and other central bankers are the very actions that have caused high inflation in the past.We have some research on inflation that we haven’t seen elsewhere, research that can potentially be very useful to all of us in preparing for what is likely ahead.
Apr 22, 2020 - 07:20:09 PDT
Ray Dalio discussed how the coronavirus pandemic might reshape the US economy in a LinkedIn Live interview on Tuesday. The billionaire co-chief ...
Billionaire money manager Jeffrey Gundlach renewed criticism of the economic response to the global coronavirus crisis, saying Tuesday that bailouts should be considered “hate speech.“If the Fed bails out everyone no one actually gets bailed out,” he wrote on April 9 in a separate tweet. “Think about it.”
The mainstream just went super-bullish on gold.Bank of America raised its 18-month price target to $3,000 per ounce in a report titled, "The Fed Can't Print Gold."
Peter Schiff recently appeared on Newsmax The Income Generation with David Scranton to talk about the impacts of the coronavirus government shutdown on the economy. The segment turned into a somewhat contentious debate about inflation. Guest host Jeff Small insisted we aren't going to see price inflation, despite the Federal Reserve creating trillions of dollars out of thin air. Peter said Small's ideas are divorced from economic reality.
The Senate sent a $484 billion package of new pandemic relief funds to the House for likely approval Thursday, as lawmakers and the Trump administration began turning their attention to the next round of stimulus for a stalled U.S. economy.
Retail stores may take a big hit: 100,000 locations could close by 2025 – a trend accelerated by the COVID-19 outbreak – if more Americans opt for online shopping.
At a Publix store in St. Petersburg, Florida, handmade signs limit customers to two packages of beef, pork and Italian sausage. In Toronto, shoppers at a west end Loblaws can’t buy more than two dozen eggs and two gallons of milk.Spoiled for choice before the pandemic, North American shoppers...
The coronavirus pandemic has upended food supply chains, led to closures of meat producing plants, and left Americans with the unsettling experience of seeing empty shelves at supermarkets.
Delta Burning $100 Million in Cash a Day During Coronavirus Travel SlumpApr 22, 2020 - 04:49:45 PDT
Delta posted its first quarterly loss in more than five years as coronavirus destroyed air travel demand.
“If you take a historic multiple of 15, that takes us down to 1,673 on the S&P. So, I think we’ve got a long way to go.”
The Federal Reserve has taken an aggressive approach to save the stock market. Yet, economists argue that it aren't effective, or enough.
With interest rates below zero and more bonds on the balance sheet than Japan’s gross domestic product, the BOJ’s ammunition is depleted.
“Going from even never wanting to touch them to now actually discussing it is another point which shows that ECB is really going the extra mile.”
The Fed Should Not Be Bailing out Underfunded Pensions of Cities & StatesApr 22, 2020 - 04:23:44 PDT
The Fedrecently announced a dramatic expansion of its lending programs for companies and governmental units. Although these programs represent a tremendous effort to keep the U.S. economy going despite the coronavirus crisis, taxpayers should evaluate the design of these programs by asking two questions:..
Mortgage volume appears to be settling into a new normal, as refinance demand stays high and purchase demand sits at a five-year low.