Safe haven demand has increased significantly after a sharp increase in Coronavirus cases was reported. A new diagnostic methodology indicated that there are nearly 15,000 new cases reported today, up from the 1,638 reported on Tuesday. Higher risk assets, especially those tied to the fortunes of the Chinese economy, namely […]
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Mnuchin: Tax Cuts Paying Over a 10-year Period – 13 February 2020
The U.S. Trade Secretary Steven Mnuchin insisted that Trump’s tax cuts will pay for themselves over a 10-year period, even considering that the near-term deficit is expected to reach the 1 trillion level. “Our analysis has always been higher than CBO. As I’ve said previously, we believe that the tax […]
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Safe Havens Jump on Spike in Coronavirus Death Toll – 13 February 2020
Gold futures have been declining steadily in recent sessions, but they finally ticket higher on Thursday after reports out of the Hubei province in China showed a dramatic spike in the death toll due to the coronavirus. 242 people died on Wednesday, more than doubling the highest death count until […]