Precious metals are apparently waking up. And here is where you can find the best deals.
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"That's my view. They'll cut preemptively in June. That is to say Wednesday," says the Grant's Interest Rate Observer newsletter editor.
Central banks are set to steal the limelight on the coming sessions, and Markets will have to prepare themselves for a packed week of events next week...
American businesses more indebted than before the financial crisis.
Consumer debt climbed to a new record once again in April. The question is how much money can American consumers borrow before the bubble pops?Americans borrowed money at the fastest pace in five months in April, according to the latest Federal Reserve Consumer Credit Report. Total consumer credit increased by $17.5 billion. That's an annual growth rate of 5.2%Americans currently owe nearly $4.07 trillion.
The Fed is widely expected to strike a dovish chord when it meets this week, clearing the way for a July rate cut — the first in more than a decade...
The recommendation comes as students loan borrowers cope with $1.5 trillion in debt.
It is trying to turn itself around, but has faced hurdles such as allegations of money laundering and failed stress tests.
“That will lead to very different monetary policy, so the Fed is not fully independent of politics,” Fischer said on Sunday at a talk in Israel. By criticizing Fed policy, Trump created “a really awkward thing” for Powell, Fischer said.
Economists expect central bank to move away from patient stance and adopt easing bias
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.
Trump officially starts his 2020 campaign on Tuesday with a rally in Orlando, Florida, and appears to be road-testing some of the themes he’ll be touching on in the next 18 months, including stoking fear of a market meltdown. The president has claimed several times this year and as recently as Friday
Whether he likes it or not, he’ll have to tip the scale of rate-cut expectations. Plus, Austrian century bonds, “Red Flags” and sell-side quirks.
The U.S. dollar rose to a two-week high on Monday as strong economic data led investors to think again about how dovish the Federal Reserve is likely to sound at this week’s meeting.
The extradition legislation would allow residents and visitors to be sent for trial in China’s Communist-controlled courts, effectively squashing freedom of speech.
Gold rallied sharply last night to a fresh 26 month high of $1358.40, tripping buy stops over $1342 (double top - 2/19 and 2/21 highs)...
Across the advanced economies, monetary and fiscal policymakers lack the tools needed to respond to another major downturn and financial crisis. Worse, while the world no longer needs to worry about a hawkish US Federal Reserve strangling growth, it now has an even bigger problem on its hands.
Inflation expectations are getting unanchored around the globe.
THIS is what Billionaire Eric Sprott is watching in gold and silver:
As the prospect of recession hovers and investors pile into the obligations of an ever-more spendthrift government, might an inflection point be approaching?