Month: August 2020

The Trump Policies Work, America’s V-Shaped Recovery is Happening Despite Democrats Sandbagging

Besides becoming an energy exporter for the 1st time in America’s history and causing American Industry to come home due to increasing tariffs, according to government statistics President Trump has also caused US exports to increase $13.6-B from the previous month to $158.3-B in June 2020. After being depressed by the COVID-19 pandemic, it was the 1st gain since February. Exports of goods increased $13.0-B, led by automotive vehicles, parts, and engines, capital goods, industrial supplies and materials . Also, exports of services increased $0.6-B; all positive indicators that the US economy has turned upward.

The Trump Policies Work, America’s V-Shaped Recovery is Happening Despite Democrats Sandbagging
Bruce Willard Barren on LinkedIn • 2 min read
By Paul Ebeling on August 23, 2020

 

Weakening US Dollar Driving Gold to New Record Prices

Besides being a good stimulus for investment, strengthening gold to the US Dollar is also good for exports. This can drive down unemployment so there is a parallel benefit here which the average American is not aware of. We need exports plus cheaper US goods in the international market to recover from our pandemic troubles. Just remember this, from an economist point of view, rising gold prices are golden and yes, expect gold to continue to follow this pattern as a hedge to the US Dollar.

Weakening US Dollar Driving Gold to New Record Prices
Bruce Willard Barren on LinkedIn • 2 min read
By Paul Ebeling on July 30, 2020

 

Gold is Temperamental, Silver is Really Temperamental, but There is a Long List of Bullish Drivers

As the dollar continues to fluctuate, most downward , look for gold and silver to be the alternate investment, because of the pressures from the growing Federal deficit blamed in part because of COVID-19 rescue efforts or more importantly, the wildly spending by Congress – especially on their pet pork barrel projects – which will do little to ease the pain of unemployment.

Naturally, this will cause both to rise to new heights as it becomes the watchful eye of investors – a ranking in the favorites. Election year uncontrolled spending will be a major contributor to this. I expect gold to be in the $2,500 range by year-end with continued appreciation in 2021. Silver, the little brother to gold, should follow a similar pattern to gold but at a slower pace.

Gold is Temperamental, Silver is Really Temperamental, but There is a Long List of Bullish Drivers
Bruce Willard Barren on LinkedIn • 3 min read
By Paul Ebeling on July 29, 2020

 

Housing, Auto Demand Are Standouts in V-Shaped Recovery

When you think about it, the things carrying the economy for the next year or so will be consumption and residential investment. Cars and housing are a vital part of both of those!

Housing, Auto Demand Are Standouts in V-Shaped Recovery
Bruce Willard Barren on LinkedIn • 3 min read
By Paul Ebeling on August 6, 2020

 

US Existing Home Sales Up by Record 20.7% After Slumping for 3 Months

The real question at hand; can this demand for existing homes be sustained in 2021 and can it help in the recovery of new home sales despite the fact that lender criteria has been tightened materially by some financial institutions. This has been caused in part due to the leniency in foreclosures and the pandemic.

My answer is probably yes. This has been good news by existing homeowners which is allowing them more time to sell their home. According to ATTOM Data Solutions, one of the most trusted curators of the nation’s premier property database and 1st property data provider of Data-as-a-Service (DaaS), is that it now takes 841 days to foreclose on a home, compared to 713 days in 2017 in part persuading financial institutions that it is not in their best interests for quick foreclosures.

US Existing Home Sales Up by Record 20.7% After Slumping for 3 Months
Bruce Willard Barren on LinkedIn • 3 min read
By Paul Ebeling on July 23, 2020