Precious metals are apparently waking up. And here is where you can find the best deals.
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Earlier this year, Ray Dalio quipped that "cash is trash." During a recent Reddit "ask me anything" session, Dalio doubled down, warning that the rush into the US dollar is a mistake.Why?Because the Federal Reserve has fired up the printing press and is pumping out cash at a dizzying pace.
Fed Unveils Details $2.3 Trillion in Programs to Help Support the EconomyApr 9, 2020 - 06:34:40 PDT
The Federal Reserve on Thursday announced a bevy of new moves aimed at getting another $2.3 billion of financing into businesses and revenue-pinched governments.
The US national debt pushed above $24 trillion on Tuesday.The US government was already running massive budget deficits long before the coronavirus pandemic and the debt was piling up at a dizzying pace. Response to the outbreak has put spending and debt in hyperdrive.
Jobless rolls continued to swell due to the coronavirus shutdown, with 6.6 million Americans filing first-time unemployment claims in the week ended April 4. That brings the total over the past three weeks to more than 16 million.
Gold futures on Thursday traded higher as uncertainty about the shape of the recovery for global economies from the COVID-19 pandemic and low-interest rate...
The novel coronavirus has spurred what will likely be the worst recession in generations as the U.S. economy grinds to a halt and millions lose their jobs.
Now, with measures to contain the novel coronavirus shutting down commerce around the world, and fiscal authorities spending trillions of dollars to fill the gap, it’s starting to become more popular.
Former Dallas Fed adviser Danielle DiMartino Booth supports the Federal Reserve's decision to bail out the corporate bond market and help facilitate small business lending amid the coronavirus outbreak.
The money Argentina’s Central Bank is pumping into the moribund economy to provide cheap credit is finding its way straight back to its own coffers, bypassing the real economy.
Call-centers that process applications can barely hire people fast enough. Answering services are overwhelmed. Decades-old computer systems aren’t up to the task, forcing people in Florida this week to wait hours for the paper forms that turned out to be the only way to avoid an overcrowded online system and register for benefits.
"This is key, as a cut that would prove too little too late would lead to storage saturation and additional necessary production shut-in, with distressed producers driving physical crude prices and spot oil prices sharply lower."
Officials from Rome to Washington are urgently mapping out plans to loosen lockdowns and begin rebooting their economies. Trouble is, there’s no master plan.
As the pandemic worsened globally, some countries have also turned more protectionist. That could pose a risk for global supply chains, Chan also warned.
It was mid-February when trading of U.S. Treasuries, arguably the most important assets in the global financial system, started to go haywire. Soon, alarm bells were ringing at the Federal Reserve.
The short-term collapse in global output now underway already seems likely to rival or exceed that of any recession in the last 150 years.
World trade is expected to fall by between 13% and 32% in 2020 as the COVID 19 pandemic disrupts normal economic activity and life around the world.
This is not just a tragedy of human health. As Covid-19 claims lives, it also menaces an economy that is already failing.
CNBC's Full Interview With Microsoft's Bill Gates on Past Pandemic WarningsApr 9, 2020 - 04:30:17 PDT
Bill Gates, the co-founder and former CEO of Microsoft. Gates breaks down his past warnings about the potential dangers of a global pandemic, about China getting back to business, and how the United States might emerge from widespread coronavirus lockdowns.
Approximately 18 million Americans - 11% of the labor force - have filed for unemployment benefits in the past three weeks.
Spain is about to implement Universal Basic Income. But's let's put the correct label on what's happening.