Economy


Home Sales Plunge, Mortgage Delinquencies Soar
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Author: Michael Stern

COVID-19 has resulted in soaring unemployment, sending a record-high number of homeowners into default on their mortgage payments. Home sales have dropped, housing starts have fallen, and the commercial and residential rental markets are suffering. The coronavirus pandemic has thrown the world into an economic crisis. Record high unemployment and forced lockdowns have had a […]

27 May 2020
What Factors Influence the Price of Gold?
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Author: Maria Andretti

Gold is a very desirable metal, sought after for investment purposes, the manufacture of jewelry, as well as the manufacture of a host of electronic and medical devices. As of March 2020, gold was at $1,625 an ounce, up a great deal from levels of 50 years ago when it was priced close to $300 […]

26 May 2020
The Current Pandemic Is Changing the Way the World Looks at Money
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Author: Michael Stern

One of the primary drivers of social change is technology. Granted, there have been other reasons, many of them including armed conflict, natural disasters, plagues, and pandemics amongst them, most certainly including the current COVID-19 situation. It isn’t easy to estimate the impact on various industries with what has and still is, happening. The financial […]

22 May 2020
The Price of Gold Continues to Soar
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Author: Michael Stern

The price of gold continues to reach for new highs. The precious metal closed on May 18 at $1733, down slightly from Friday’s close of $1742. It is not just the month of May that has seen the price of gold go up. The commodity has traded at fresh highs every month of 2020, and […]

20 May 2020
With Trillions of Dollars Being Pumped into the Economy, Bitcoin Is Bound to Be Affected
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Author: Maria Andretti

To help Americans, the Federal Reserve is printing money and cutting interest rates. The question many are asking is, “will these moves have an impact on the crypto market?” Policymakers in the United States and elsewhere have plowed an unprecedented amount of new money into the economy in hopes of staving off what is looking […]

18 May 2020
Fed Chair Warns of Possible Long-term Damage to the Economy
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Author: Michael Stern

U.S. stocks ended down on Wednesday after Jay Powell, Chairman of the Federal Reserve, warned that the COVID-19 pandemic has the potential of causing long-term damage to the economy. Powell went on to say that the country may need to “deploy additional policy measures” as an effort to avoid a period of low growth and […]

14 May 2020