Protect Your Future Today
For anyone who has been following the rise in the gold price recently, it’s an indication that everything we’ve said about gold is finally coming to fruition. Gold’s ability to protect investors against financial turmoil is the stuff of legend, and we always knew that the time would come...
The US economy is officially in recession, and at this point it’s only a question of how deep the recession is. Second quarter GDP figures aren’t out yet but, if the US is at all in the same boat as other countries, a drop of 40-50% wouldn’t be out...
For all the talk of economic recovery, the reality is that the economy won’t get back to normal until daily life gets back to normal. As much as economic crises and economic recoveries are fueled by actual events, there’s a lot of psychology involved too. If people feel insecure...
The jobs report that came out last Friday sent shockwaves throughout the economy. Economists had estimated that the economy would lose another further 7.5 million jobs in May, yet the BLS reported that the economy had actually added 2.5 million jobs. That’s the biggest miss in history, and had...
Stock market rallies in recent days have been characterized by wild price gains on the flimsiest of positive news. For instance, publication of the results of a vaccine trial on eight people raised such hopes for a coronavirus vaccine that stocks gained over 900 points. Yet there was no...
As the 2008 financial crisis continues to move to the backs of our minds, and as the current coronavirus kerfuffle becomes all-consuming, many people seem to have lost their awareness of just how weak the US economy was before all the government lockdowns. The economy was already on the...
Just because stock markets have yet to price in the weakening US economy doesn’t mean that all investors are in the dark about what’s going on. And that’s why the gold price continues to rise, as the investors who understand what’s going on are leaving stocks and jumping into...
Last week saw an unprecedented market freakout, as markets began pricing in the likelihood of negative interest rates in the future. Futures markets anticipated negative rates as soon as November, which sent bond yields plummeting. While Fed Chairman Jay Powell has long stated that the Fed won’t take interest...
With the federal government already having spent over $2 trillion on the last stimulus bill, with the Federal Reserve having added over $2 trillion to its balance sheet since the beginning of March, and with the national debt rapidly approaching $25 trillion, just how much more stimulus spending will...
With much preliminary March data indicating a really rough time last month, many businesses are warning that April could be even worse. Rating agency Fitch is warning that loan defaults could rise to record levels this month as a result of the ongoing economic shutdowns. Even with states like...