Precious metals are apparently waking up. And here is where you can find the best deals.
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The U.S. government’s multi-trillion-dollar coronavirus package can’t really be called a stimulus: Its main goal is merely to provide relief while the economy is in “lockdown” mode. That’s unfortunate, because it is possible for traditional stimulus to create much needed jobs in some areas of the economy.
S&P 500 Index (top pane) vs Bank Index to S&P 500 Ratio (lower pane) As most investors know, the banks play a big role in the overall economy. Healthy banks tend to mean a healthy economy and struggling banks tend to mean an uneven or faltering economy.
Over 43,000 US Millionaires to Get ‘Stimulus’ Averaging $1.6 Million EachApr 17, 2020 - 04:43:30 PDT
At least 43,000 American millionaires who are too rich to get coronavirus stimulus checks are getting a far bigger boost — averaging $1.6 million each, according to a congressional committee.
The Fed's balance sheet increased to a record $6.42 trillion this week as the central bank used its nearly unlimited buying power to soak up assets to keep markets functioning amid an abrupt economic free fall due to the coronavirus pandemic.
The Federal Reserve has blasted past its traditional boundaries to keep the U.S. economy afloat against the coronavirus pandemic, even though some of the actions may have undesirable consequences in the longer term.The central bank announced nine special lending facilities in rapid succession...
"These enormous Fed purchases combined with rates moving sideways in recent weeks make you wonder where 10-year rates would have been if the Fed had not intervened."
Unusual Partnership in Virus Bailout Allows Fed & Treasury to Share RiskApr 17, 2020 - 04:24:19 PDT
The partnership allows the Treasury to take advantage of the Fed's ability to swiftly inject money into the economy. It also effectively shifts debt off the Treasury's balance sheet and onto the Fed's.
The current wave of debt accumulation — which started in 2010 — is “the largest, fastest and most broad-based increase” in global borrowing since the 1970s.
The International Monetary Fund this week downgraded its economic forecast. It now expects the global economy to shrink by 3% this year before growing 5.8% next year.
“The reality is that the full scale of the economic consequences is still unknown,” Williams said. “To put the current situation in context, we are running more open market operations, for greater sums, than at any time in our history.”
Reported cases of coronavirus infection worldwide stood at more than 2.16 million and at least 146,071 people have died, according to data compiled by Johns Hopkins University.
The ability to make money off of pharmaceuticals is already uniquely large in the U.S., which lacks the basic price controls other countries have, giving drug companies more freedom over setting prices for their products than anywhere else in the world.
This is precisely how a currency loses value: if there’s less stuff in an economy, but more paper money, it means all the stuff has to become more expensive relative to the paper money.
History suggests that buying the market's biggest stocks is a bad idea. They have nowhere to go but down.
The Next 45 Days Are the ‘Most Critical Period in U.S. Financial History’Apr 16, 2020 - 12:34:16 PDT
“While on average we may face a bear market every 10 years, this one is like no other,”...
FS Insider recently spoke to hedge fund manager Felix Zulauf to get his take on the state of the global and U.S. economy. Felix shared his thoughts on what a recovery could look...
The keep-it-in-the-ground plan would require billions of dollars in appropriations from Congress -- and the administration just recently lost a bid in Congress to spend $3 billion buying oil for the government’s strategic reserve.
nvestors are repeating the mistake they made all through February and early March. They are again underestimating the immense economic shock of COVID-19.
Trump: Major News Conference: Reopening", $2 Trillion Infrastructure BillApr 16, 2020 - 12:06:47 PDT
"Major News Conference tonight, the White House at 6:00 P.M. (Eastern), to explain Guidelines for OPENING UP AMERICA AGAIN!"
And Avoid Another Bailout. The only problem, of course, is that banks will never do that.