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Day: October 13, 2020

Editor’s note: Originally published at on Oct. 13, 2020.

I discussed the relationship between gold and inflation expectations a couple of times in blog posts last year (HERE and HERE). Contrary to popular opinion, gold tends to perform relatively poorly when inflation expectations are rising and relatively well when inflation expectations are falling.

The relationship is illustrated by the chart displayed below. The chart shows that over the past seven years, there has been a strong positive correlation between RINF, an ETF designed to move in the same direction as the expected CPI, and the commodity/gold ratio (the S&P Spot Commodity Index divided by the US$ gold price). In other words, the chart shows that a broad basket of commodities outperformed gold during periods when inflation expectations were rising and underperformed gold during periods when inflation expectations were falling.

This year, inflation expectations crashed during February-March in reaction to

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Listening to Prime Minister Narendra Modi when, in an effort to address the economic fall-out generated by the Covid-19 pandemic, he announced the Great Indian Bailout, aka Atmanirbhar, it seemed that the BJP Government had learnt a trick or two from its politics. Alas, when the Finance Minister rolled out the details over the next five days, it seemed that Atmanirbhar was mere rhetoric and the Government was using its usual slap-dash methods to cover serious injuries with Band-Aid.

That the commentariat concluded thus may seem a tad unfair, given that the Government did announce some transformational policies such as creating the central Agricultural Products Marketing Committee (APMC) or effecting changes in the labour code. However, the overall effort, was underwhelming rather than path-breaking.

For example, a subjective analysis of the over 50 or so line items in the announcements show that less than 20 per cent of them were

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BRISTOL, Tenn., Oct. 13, 2020 /PRNewswire/ — Contura Energy, Inc. (NYSE: CTRA) today issued the following statement in response to the letter the Company’s Board of Directors received from MG Capital Management, Ltd.:

Contura welcomes the opportunity to engage with its shareholders and we welcome constructive input relating to enhancing shareholder value. We remain focused on delivering long-term shareholder value and will continue to take actions to achieve that objective. Although we would have preferred that MG Capital engage with Contura privately, we have reviewed and considered the MG Capital letter. MG Capital, the Board, and the executive management team are closely aligned in their goals and strategic direction for the Company; however, we believe that a number of the underlying assertions in the letter are inaccurate and we wish to clarify some of them.

As coal industry investors are aware, the last year has been one of the

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  • Authorities in Shenzhen, southern China, have handed out $1.5 million of a new digital currency as part of a trial of a cashless society.
  • Last Friday authorities gave 50,000 lottery winners the equivalent of $30 each to spend digitally by October 16, the state-run China Daily reported Monday.
  • The digital currency is not like a cryptocurrency, and is issued and controlled by China’s central bank, the People’s Bank of China.
  • The PBoC said it plans to formally launch the digital payment system in late 2020, according to the BBC.
  • Visit Business Insider’s homepage for more stories.

A Chinese city has handed out 10 million yuan, or $1.5 million, in digital currency to trial what citizens would do in a cashless society.

On Friday, 50,000 people living in the Luhou district of Shenzhen were given digital “red envelopes,” each containing around 200 yuan ($30) worth of the digital currency, the state-run

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Chairs are stacked outside a restaurant in Montreal on Sept. 29. The Quebec government ordered restaurants, bars and casinos to close for 28 days, effective midnight Sept. 30, after a recent spike in new daily coronavirus cases.

Christinne Muschi/Reuters

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Christinne Muschi/Reuters

Chairs are stacked outside a restaurant in Montreal on Sept. 29. The Quebec government ordered restaurants, bars and casinos to close for 28 days, effective midnight Sept. 30, after a recent spike in new daily coronavirus cases.

Christinne Muschi/Reuters

Among the enormous burdens of fending off the coronavirus pandemic, many countries closed whole sectors of the economy while boosting emergency spending to keep citizens afloat. Now in Canada, momentum is building for another extraordinary measure: a basic income guarantee.

Simply put, it’s when residents receive cash from the government, without conditions, to ensure they meet their basic needs.

Prime Minister Justin Trudeau’s government has delivered

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The talks may not end with a handshake. But the estimated $1.5 billion FSG would get from RedBall and other investors would give Henry (who also owns the Globe) the financial flexibility to expand the company, which includes its English gem, Premier League champion Liverpool Football Club.

There’s even a Yankees twist. (More on that later.)

Savvy investors may understand how the process of raising money and going public through a SPAC works, but the average Red Sox fan is likely to have questions, especially about the potential for them to buy stock in the team. We try to answer some of those questions here.

How would the deal work?

RedBall, a shell company with no operations, would acquire 20 percent to 25 percent of FSG using money it raised by selling stock in August. The investment would value FSG at $8 billion, as first reported by the WSJ. Henry

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  • Stephen Moore, a senior economic advisor to President Donald Trump, was filmed slamming Trump’s performance at the presidential debate last month.
  • In footage published by HuffPost, Moore said at an event in Washington organized by a pro-Trump group that Trump’s performance against the Democratic nominee, Joe Biden, was “crappy.”
  • Trump has previously praised Moore as “a great pro-growth economist and a truly fine person.”
  • Visit Business Insider’s homepage for more stories.

An economic advisor to President Donald Trump was filmed describing Trump’s performance in the presidential debate last month against the Democratic nominee, Joe Biden, as “crappy.”

Stephen Moore, whom Trump has previously described as “a great pro-growth economist and a truly fine person,” made the remark on October 2 at the Election Protection Summit in Washington, organized by the pro-Trump group FreedomWorks. HuffPost published the footage, which was obtained by Documented, a watchdog group.

“It was not a great

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Press release content from NewMediaWire. The AP news staff was not involved in its creation.

San Francisco, CA – ( NewMediaWire ) – October 13, 2020 – For many people, their greatest fear is getting sued. There is nothing like getting served with a lawsuit and the fear of what this might mean for the future. While many people like the joy that comes with building a business from the ground up, the reality is that those who decide to start a small business face a great deal of risk when it comes to getting sued. Simon Peel formerly of Jitterbit is an industry expert and he is here to discuss the steps that small business owners can take to avoid the risk of getting sued.

Simon Peel formerly of Jitterbit Discusses the Role of Getting Incorporated

According to Simon Peel formerly of Jitterbit, one

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DAYTONA BEACH, Fla., Oct. 13, 2020 /PRNewswire/ — Web Daytona, a leading Orlando SEO agency, was recently selected for listing as a SEMrush Agency Partner based on its longstanding history with the platform. The agency partner program is an exclusive network of leading SEO agencies chosen for their credibility and contributions to search rankings using intelligent data. And Web Daytona is honored to be a part of this prestigious list of agencies.

Web Daytona has established itself as a frontrunner in the digital marketing industry over its 15+ year lifespan. Under the leadership of CEO, Gary Vela, this boutique Florida agency has been at the helm of more than five-and-a-half million keyword rankings and over 3,000 businesses served. Obsessive over SEO, and with a hands-on approach to customer care, the Daytona web design and digital marketing company has built a reputation for high-performance ranking that gets results.


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Stan Choe and Alex Veiga, The Associated Press
Published 11:17 a.m. ET Oct. 13, 2020 | Updated 5:26 p.m. ET Oct. 13, 2020


After shutting down negotiations over a new COVID-19 stimulus package, President Trump said he would pass a standalone bill for $1,200 stimulus checks.


Banks and technology companies led a broad slide for stocks on Wall Street Tuesday, snapping the market’s four-day winning streak.

The S&P 500 lost 0.6%, giving back some of its gains from a day earlier. The pullback in stocks comes as many forces are pushing and pulling on markets simultaneously. Coronavirus counts are rising at a worrying degree in many countries around the world, and Johnson & Johnson said late Monday it had to temporarily pause a late-stage study of a potential COVID-19 vaccine “due to an unexplained illness in a study participant.”

Meanwhile, uncertainty about the prospects for more stimulus

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