Precious metals are apparently waking up. And here is where you can find the best deals.
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Bulletin,” Jerome Powell this week set out to offer a simple explanation for the complicated steps the U.S. central bank is taking to relieve dire stresses in the global financial system.“
All eyes have been on the stock market in recent weeks as it has reflected the fears about the coronavirus-induced economic shutdown and the hopes of massive stimulus. It's been quite a rollercoaster ride. But in his podcast on March 27, Peter Schiff said there's an even bigger problem looming on the horizon that people aren't paying any attention to - the potential destruction of the dollar. He said Americans are in for a rude awakening.
Having years back unwaveringly set forth, the ride down the slippery slope of inflationism has reached warp speed careening blindly toward a brick wall.
As the private sector has become increasingly over-levered, the baton is being passed to the public sector where resources are so strained that the printing press has become the last resort.
Bankers Warn Fed Mortgage Purchases Unbalanced Market, Forcing Margin CallsMar 30, 2020 - 04:44:25 PDT
Mortgage bankers warned the U.S. housing market risks a "large-scale disruption," due to efforts by the Fed that were meant to help it.
Trump Wants Congress to Restore Full Tax Deduction for Meals, EntertainmentMar 30, 2020 - 04:39:58 PDT
U.S. President Donald Trump called on Congress Sunday to restore the full tax deduction for meals and entertainment in response to the coronavirus pandemic.
It’s probably best to take the selloff late Friday as the pointer to what comes next for the world’s financial markets as they limp toward the end of the month.After a three-day rally that helped the S&P 500 Index register its best week since March 2009 and kept 10-year Treasury yields...
The U.S. dollar has taken a beating, however, dropping almost 4% against a basket of currencies this week—its biggest weekly loss since the height of the global financial crisis over 10 years ago.
The Federal Reserve quickly deployed a half-dozen emergency lending programs over the past two weeks. Now, Congress wants it to go much further, approving $454 billion to reload the Fed’s own ability to lend.
Unemployment number ALREADY is staggering. We are literally down well over 10 million jobs and going to 20 million.
Just astounding. So many downgrades in just of a couple of days. And zero upgrades. Here’s who got hit over the past couple of days.
Not more than the sum of $454,000,000,000…shall be available to make loans and loan guarantees to, and other investments in, programs or facilities established by the Board of Governors of the Federal Reserve System for the purpose of providing liquidity to the financial system….”
Some branches of U.S. banks and credit unions have run low on cash as customers make big withdrawals, prompting regulators to warn that they are putting their money at risk.
Mar 30, 2020 - 04:05:24 PDT
But the Fed’s trillions could eventually lead to higher inflation. There also might be a renewed outcry that such money injections merely bail out bankers and rich people, with few of the benefits going to the middle or lower classes – similar to the arguments of the Occupy Wall Street movement that followed the 2008 crisis.
Social distancing has been the first line of defense against COVID-19. We look at the math and science behind social distancing, to show how it works.
Faced with an existential threat, EU member states, far from joining together to confront the pandemic as a unified bloc, instinctively are returning to pursuing the national interest...
Central banks have printed record amounts of money to save financiers and allow indebted governments to keep spending. Inflation is inevitable.
Getting US Into $6 Trillion More Debt Doesn’t Matter, Why Not $350 Trillion?Mar 30, 2020 - 03:52:52 PDT
If getting us into $6 trillion more debt doesn’t matter, then why are we not getting $350 trillion more in debt so that we can give a check of $1 million to every person in the country?
If the projections prove correct, millions will soon have coronavirus. What will happen to your wealth should you die from it?
There were at least 723,740 reported cases of COVID-19, the disease caused by the virus, and 34,018 deaths, according to Johns Hopkins University.