In what remains the most undercovered financial topic of the year, if not century, we remind readers that starting about a year ago, central banks around the world launched an unprecedented if stealthy attempt to overhaul the entire monetary architecture of fiat money by implementing digital dollars, a transformation to a cashless society which in recent months has also received the tacit suppo... read more

The gold market is holding on to modest gains as prices trade above $1,900 even as more U.S. consumers than expected went shopping last month. U.S. retail sales rose 1.9% in The gold market is holding on to modest gains as prices trade above $1,900 even as more U.S. consumers than expected went shopping last month. September following an August’s downward revised increase of 0.5%, accor... read more

In this Feb. 14, 2020, file photo, Kristalina Georgieva, Managing Director of the International Monetary Fund, attends a session on the first day of the Munich Security Conference in Munich, Germany. Georgieva said that the global economy has started on a long climb to stronger growth with prospects looking a little better than four months ago. Georgieva said Tuesday, Oct. 6 that global econo... read more

International financial authorities and 20 of the world’s largest economies are establishing official standards for regulating and issuing sovereign digital currencies. The Group of Twenty (G20) — an organization of finance ministers and central bank governors representing the European Union and 19 countries across every continent — said in a report today that it is working with the In... read more

Goldman Sachs has recommended short-positions against the U.S. dollar, arguing that the risks arising from vaccine trials and the U.S. election are skewed to the downside for the greenback. In a note to investors Friday, Goldman analysts said they saw “low odds” for the most dollar-positive outcome by the end of the year. They named this as an electoral victory for President Donald Trump... read more

U.S. stock-index futures pointed to a slightly lower start Tuesday as investors awaited a speech by Federal Reserve Chairman Jerome Powell on the economic outlook. What are major benchmarks doing? Futures on the Dow Jones Industrial Average YM00, 0.34% were up 9 points, or less than 0.1%, at 28,004, while S&P 500 futures ES00, 0.05% were off 6.4 points, or 0.2%, at 3,386.50. Nasdaq-100 fu... read more

Top business leaders say the global economy is facing its worst crisis in a hundred years, and “downside risks remain elevated” unless urgent reforms are enacted during the G-20 summit hosted by Saudi Arabia in November. “The global economy is in its worst state in a century,” warned Yousef Al-Benyan, chairman of the Business Twenty (B20), a group made up of high-level CEOs from arou... read more

As the Metal of Kings continues to digest the massive gains from 2020, despite the occasional volatility, gold wins. “Gold Wins” Lawrence Lepard: “Still think that fiat currencies have a snowball’s chance in hell of making it through this? Even if the outcome is deflation (falling velocity, debt overhang, etc.) the US Government goes BK and the dollar becomes worthless. Remember in... read more

In the nearly six years since Greg Abbott has been governor of Texas, the Lone Star State has been the number one destination for U.S. businesses looking to relocate. That includes California businesses. In 2018 and 2019, as many as 660 California-based companies pulled their stakes up and moved to greener pastures in Texas, where the cost of doing business is roughly 10 percent below the na... read more

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Jobless claims remain troublingly high On the one hand, we should be encouraged by how much the economy has improved since the most intense days of the Covid-19 pandemic. On the other hand, the economy is far from fully recovered and some growth engines appear to be losing momentum. Yester... read more