Because of Germany’s weakening export driven economy and because German bonds are preferred by the European Central Bank, yields on the country’s 10-year bonds are negative. Consequently, European bond investors, primarily made up of banks and insurers that depend on income, have turned to US Treasuries. Upward pressure on the dollar means downward pressure on
The U.S. student load system is broken. Borrowers currently owe more than $1.5 trillion, an average of $34,000 per borrower. Over two million of them have defaulted on their loans in just the past six years, and the number grows by 1,400 a day. The federal government now acknowledges that taxpayers stand to lose $31.5
As noted May 22, “the odds are that the Fed will next cut interest rates.” While there have been no rate cuts, Fed Chair Jerome Powell has made statements that indicate rate cuts this year. Also noted: “gold should respond well.”
We’re now the-thirds of the way through the second quarter, and GDPNow, which is measured by the Federal Reserve Bank of Atlanta, shows a GDP growth of only 1.3%, versus a 3.2% growth in the first quarter.
With the gold/silver price ratio at 88.5, silver holds more upside potential than gold. If the ratio were only 60, where it has been many times, the price of silver would be $21. One of the best ways to own silver bullion is bar form. 100-oz. silver bars are the most popular of all the
Primarily because of the strength of the dollar relative to other currencies, gold has been stuck in the $1275 for the past month. In the other major currencies, gold has risen as those currencies have fallen against the dollar.
Because of Germany’s weakening export driven economy and because German bonds are preferred by the European Central Bank, yields on the country’s 10-year bonds recently went negative. Consequently, European bond investors, primarily made up of banks and insurers that depend on income, have turned to US Treasuries. This has resulted in upward pressure on the
In the first seven months of this fiscal year, the federal budget deficit grew 38% over the same period last year. The Treasury ran a $541 billion deficit from October through April, compared with $385 billion during the same period a year earlier. Part of the increase was attributable to a shift in the timing
The business channels were all aglow last week when the Bureau of Economic Analysis (BEA) reported that the Gross Domestic Product grew by 3.2% in the 1st quarter. Trump supporters were ecstatic. However, yesterday GDPNow, an analysis based a methodology similar to the one used by the BEA, posted a projected increase of only 1.2%