Precious metals are apparently waking up. And here is where you can find the best deals.
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But what will replace it? And why can you expect the dollar to lose up to 80% of its value in the years ahead?
After years of zero interest rates, never-ending support of accommodative monetary policy, and a lack of regulatory oversight, the consequences of excess have come home to roost.
Wishful thinking. That’s how Angel Gurria, secretary general of the Organisation for Economic Co-operation and Development (OECD), responded to any prospect of a swift economic recovery from the coronavirus pandemic. But the scale of the impact on the global economy – as well as our daily lives – has been matched by the scale of the financial response.
The U.S. may end up with the worst COVID-19 outbreak in the industrialized world. This is how it’s going to play out.
The global rout of financial markets this year is putting pressure on state and local government pension funds in the U.S., many of which were already struggling to pay for the future retirement benefits of public-sector workers.
amount of distressed debt in the U.S. has quadrupled in less than a week to nearly $1 trillion, reaching levels not seen since 2008 as the collapse of oil prices and fallout from the coronavirus shutters entire industries across the globe.In total, the tally has ballooned to $934 billion...
It is not intended to stimulate growth & spending to offset a potential downturn; it is designed to prevent mass homelessness, starvation & a wave of business closures not seen since the height of the Great Depression.
The U.S. government would take stakes in air carriers in exchange for billions in direct grants to the companies, part of a $2 trillion economic rescue package to address coronavirus, according to people familiar with the matter.
Gold plays a prominent role in reserve asset management, being one of the few assets that is universally permitted by the investment guidelines of the world’s central banks. This is in part due to the gold market being deep and liquid – a key requirement of reserve asset managers.
Like the trifecta of Great Society deficits, Nixon closing the gold window, and an oil embargo, or the combination of money printing and a supply shock, like using deficit finance to pay striking workers in the Ruhr.
Federal Reserve Chairman Jerome Powell is trying to reassure Americans about this unprecedented financial crisis ignited by the coronavirus pandemic.
The current two-week pace of downgrades is approaching the fastest on record going back to 2002.
Tudor Jones: Biggest Monetary 'Bazooka' Ever Is More Like a 'Nuclear Bomb'Mar 26, 2020 - 07:38:18 PDT
"We did in two weeks what it took the Fed eight months to do in 2009," Hedge fund manager Paul Tudor Jones told CNBC.
CNBC's Interview With Treasury Secratery Mnuchin on Coronavirus Relief BillMar 26, 2020 - 07:32:57 PDT
Treasury Secretary Steven Mnuchin joins CNBC's "Squawk on the Street" by phone to discuss the $2 trillion stimulus package the Senate passed Wednesday night. The bill is intended to blunt economic damage from the spread of the coronavirus. The House is expected to vote on the legislation Friday.
The Senate's $2 trillion stimulus bill won't be enough to help states pay for pensions and rising health-care costs.
As the US Federal Reserve scales up monetary easing, pushing down bond yields, some analysts have asked whether Beijing should sell its US Treasury holdings.
According to Owen Ullmann in an op-ed published by USA Today, there are some unsung "heroes" in the battle against the coronavirus pandemic - the brave and courageous bankers at the Federal Reserve.I think Ulmann misspelled "villains."
A health emergency can evolve into a financial crisis. Clearly, this is a “whatever-it-takes” moment for large-scale, outside-the-box fiscal and monetary policies.
Americans should receive direct deposits for financial aid within three weeks as soon as the coronavirus economic relief bill is signed into law, the U.S. Treasury Secretary said, adding that the record jobless claims announced on Thursday "are not relevant."
For Bill yields to turn negative on the day of a massive stock rally is strange to say the least.