Precious metals are apparently waking up. And here is where you can find the best deals.
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GOLD‘s relevance has been as a hedge against central banks losing all credibility and as all rules have been suspended the GOLD/CURRENCIES have become the nexus of sanity.
If federal stimulus isn’t distributed quickly enough, or if the fear of coronavirus infection drags on too long, even the mammoth $2 trillion government package may not be enough to avoid huge job losses.
"Nothing Fundamentally Wrong With Economy", "This is a unique situation." "We may well be in a recession".
In conclusion, it looks pretty clear to me that the decision to leverage up the balance sheet to buy back stock had nothing to do with returning capital to shareholders or any other such nonsense.
Five of the nation’s largest banks have agreed to temporarily suspend residential mortgage payments for people affected by the coronavirus, California Gov. Gavin Newsom said Wednesday.
First Data Points Are Out. They’re Ugly. And it’s just the first inkling of what’s in store for home sales.
Mar 26, 2020 - 05:43:03 PDT
China's urban jobless rate hit 6.2 per cent in February, up one percentage point from the end of 2019, and a record since the statistics bureau started publishing the data in early 2018.
...what we are now witnessing is completely unprecedented.
The feedback loop has reversed: by saving more, people will spend, borrow and speculate less, draining the fuel from any broadbased expansion.
On Wednesday, Congress finally agreed on a government stimulus/bailout plan to battle the economic impacts of coronavirus to the tune of over $2 trillion. Meanwhile, the Federal Reserve has committed to monetize the debt with QE to infinity. Practically speaking, we're talking about trillions of dollars being injected into the US economy - all of those dollars created out of thin air.So, what does all of the money creation and government spending mean for gold?
“When it comes to this lending, we’re not going to run out of ammunition, that doesn’t happen,” Powell told NBC’s Savannah Guthrie. “We still have policy room in other dimensions to support the economy.”
The Fed could now have as much as $4.5 trillion to keep credit flowing and make direct loans to U.S. businesses through the massive coronavirus stimulus bill being considered by U.S. lawmakers.
The European Central Bank scrapped most of the bond-buying limits in its 750 billion-euro ($819 billion) pandemic emergency program, in a landmark decision that massively boosts its firepower to fight the economic fallout from the coronavirus.
Just As Foreign Central Banks Start To Liquidate, What a curious coincidence.
The rent is too high. And that’s causing consternation across Wall Street desks still traumatized by the 2008 financial crisis.As the days go by in an unprecedented shutdown of the U.S. economy to slow the coronavirus outbreak, any amount of rent looks increasingly difficult to...
Ford Motor Co. was cut to junk by S&P Global Ratings as the coronavirus pandemic delivers a shock to the global auto industry and renders the carmaker the largest fallen angel to date.S&P downgraded Ford’s credit rating one notch to BB+ and may cut it further, according to a statement.
They will need to sell their gold by April 1st, or the bank will sell it for them... by Chris Powell of the Gold Anti-Trust Action Committee (GATA) Dear Friend […]
In a little over a week, American retail ground to a near-total halt.
Treasury Secretary Steve Mnuchin says he anticipates the Senate stimulus package will keep the economy afloat for about three months, as the nation deals with the catastrophic economic fallout from the novel coronavirus.
The dollar weakened against a basket of currencies on Wednesday as a $2 trillion stimulus bill helped boost risk appetite, and reduced demand for the safe haven currency.