Independent thinking for complex markets and current events
Your bank earns 5% on your money, you earn 0.4%, and you can’t fix it. Banks pay you 0.4% interest on your deposits, then take your money & put it at the Fed, which pays them 5% interest on your money. Federal law bars you from cutting out the middleman & depositing your money at …
Gold’s brief slide below $4,000 has pundits cheering – but traders, not fundamentals, drove the move. Silver’s scarcity tells a different story, and Bank of America now recommends gold as the smart hedge against the frenzied AI boom… By Peter Reagan Your News to Know rounds up the most important stories about precious metals and …
“For decades, the Japanese and Chinese produced more than they consumed and saved the difference. A part of those savings got invested in US treasuries, which meant the US govt could spend more than it earned and borrow the difference. The more Asian savings grew, the more US borrowing surged. Western economists understood this mechanism, …
There is a quiet theft happening in plain sight. Banks like Chase and Bank of America are paying you a humiliating 0.01 percent on your savings. That is not a typo. For every thousand dollars you keep with them, you get one dime a year. It is not just a bad deal. It is financial …
Just about everyone has a view on China’s economic troubles. Its deepening property crisis, deflationary currents, and increasing protests are all Asia observers can talk about. Yet one very important voice is barely saying a word about the state of Asia’s biggest economy: President Xi Jinping. This is true both rhetorically and by way of …
via Lance Roberts As the financial markets grind higher, retirement savers have consciously decided to add more to equity risk. Such was the result of a recent Bloomberg survey. “Retirement savers want more stocks in their portfolios as a hedge against inflation, potentially offering a long-term tailwind for equities as societies age, according to the latest Bloomberg Markets …