NEWS
Today’s gold and silver market news, curated from the best of GoldSilver's team and around the web. Everything precious metals investors need to know including updates on big price swings, macro analysis, and breaking stories. Check back often or subscribe to get the highlights in your inbox. Monitor live spot prices on our charts page.
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Somethings Wrong, Fed Chair Powell Stumbles Yesterday at Presser Affected Markets: El Erian
Mohamed El-Erian, Allianz chief economic advisor, joins 'Closing Bell' to share this thoughts on why the market has been experiencing so much volatility over the last 24 hours since the Fed announced it would not change interest rates.
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Rising Deficits, Inflation, and U.S. Dollar Are Risks to Come, BlackRock’s Fink Says: Barron's
“The biggest worry is to make sure we have a resilient economy,” Fink said.
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Inflation as a Tool of the Radical Left: Mises
There is no subtler, no surer way of overturning the existing basis of society than to debauch the currency.
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Here’s How Much Your Social Security Check May Increase in 2021
The group estimates that the Social Security COLA for 2021 could be about 1.3%. That is less than the 1.6% adjustment made for 2020 and one of the lowest increases Social Security has ever had.
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Us Billionaires’ Wealth Grew by $845 Billion During the First Six Months of the Pandemic
The wealth of 643 of US' richest billionaires rose from $2.95 trillion to $3.8 trillion between March 18 and September 15, a report by the Institute for Policy Studies and Americans for Tax Fairness said.
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EX JPMorgan Trader Sentenced to Prison for Currency Rigging
A former JPMorgan Chase & Co foreign exchange trader was sentenced on Thursday to eight months in prison, following his Nov. 2019 conviction for conspiring with traders at other banks to rig currency trades.
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Global Equities Slip After Federal Reserve Comes Up Short on QE Plans: FT
Global equity markets slid further on Thursday after the US Federal Reserve stopped short of promising changes to its massive bond-buying programme and the Bank of England held rates steady.
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The Coronavirus Pandemic Led to the Biggest Unemployment Spike in U.S. History
How millennials' financial futures have been impacted by pandemic unemployment.
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This Is Why Inflation Will Rip Everyone's Face Off
his is why inflation will rip everyone's faces off: production will continue to stagnate no matter how many trillions the Federal Reserve prints and throws around.
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Airlines Make Final Plea for Aid to Avoid Job Losses: WSJ
Top executives at major airlines including American, Southwest and United met with White House chief of staff Mark Meadows to make a final push for more job-saving government aid.
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Hotels Facing a Painful Wave of Permanent Closures
A large number of U.S. hotels temporarily closed their doors as bookings dried up last spring due to the coronavirus epidemic. And as fall approaches, it looks like a significant number of them might not be able to reopen as expected even if business starts to pick up to a healthy level again.
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How Life Changed During Covid: Still Loaded with Stimulus Cash, Americans Went Shopping. But Where?
Illustrated with 13 whiplash-inducing charts.
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Fed's GDP and Unemployment Projections: Who Believes Them?
In addition to its blather about interest rates, the Fed also made numerous economic projections.
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Sweden Proposes New ‘Risk Tax’ for Banks in Case of Another 2008 Financial Meltdown
Sweden's government on Thursday proposed a new "risk tax" for major banks to bolster public coffers should there ever be a repeat of the 2008 financial crisis.
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Powell Can’t Disguise the Limits of Monetary Policy
With interest rates close to zero, there’s only so much the Fed can do, and only so much the chairman can do to pretend otherwise.
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How the 1970s Changed the U.S. Economy
The U.S. economy underwent a fundamental shift in the early 1970s. The cause of that shift is still elusive. But it’s a good bet changes in energy technology probably had something to do with it — with lessons for our economic future.
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Expect More Venezuela's in the Post Peak Oil Era
One of the world’s largest energy companies says the era of oil demand growth is dead; a key OPEC producer flouts supply cuts that have rebalanced the crude market; the country with the largest reserves turns pipelines into scrap to upgrade crumbling refineries.
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China’s Biggest Bank Falls Short in Bid to Replenish Capital
A massive push by China’s biggest banks to boost capital amid the worst downturn in at least a decade faltered out of the gate. Industrial & Commercial Bank of China Ltd. slashed a planned bond sale of the riskiest type of debt by more than a third, raising only $2.9 billion in dollar-denominated...
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America’s Offices Sit Half Empty Six Months Into the Covid Pandemic: WSJ
Office-entry data indicates that office visits remain down substantially from the end of February, while visits to manufacturing and warehouse locations, where fewer jobs can be done remotely, have recovered further.
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