Chris Marchese
Mon, 08/31/2020 – 04:52
OilPrice/Arkadiusz Sieron/8-29-2020
“In other words, no matter who will reside in the White House, the current macroeconomic conditions should remain generally favorably for the precious metals. We mean here the environment of the soaring fiscal deficits (according to the CBO, the federal budget deficit was $2.7 trillion in the first nine months of fiscal year 2020, $2.0 trillion more than the deficit recorded during the same period last year!) and federal debt (according to the IMF, general government debt is expected to rise to 160 percent of GDP by 2030 even without further rounds of fiscal stimulus!), as well as negative real interest rates, and the fastest pace of growth in the money supply in the modern history …”
USAGOLD note: Sieron traverses territory on a good many investors’ minds …… He concludes by saying “Maybe we should vote for gold.”
Barron’s-MarketWatch/Leslie P. Horton and Stephen Kleege/8-28-2020
“’It’s worse because the revenue shortfall is uncertain and horrific,’ says [Volcker Alliance’s Richard] Ravitch, now a director of the Volcker Alliance, a nonprofit group that advises on effective government. ‘There’s an enormous loss of revenue going on, and we don’t know how long it will last.’ … The question now: How many municipal bond issuers—cities, states, and others—won’t be able to repay investors?”
USAGOLD note: Another silent crisis brewing at the corner of Wall Street and Main ……
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