The 10 year yield is seeing a flattening name put on. Crude oil, down 8. 7 . Dive intoa deeper what is going on. Mentiont to commodities. It is across the commodity complex. Copper futures are down. Grim Economic Outlook from the fed yesterday, plus a possible resurgence of the virus here in the u. S. You are seeing one commodity higher, that is gold. Up 8 10 of 1 . The dollar is also stronger here. A weaker dollar is a proxy for risk appetite. But the dollar is indeed gaining 8 10 of 1 . Investors are looking more for safety, less interested in risk assets. There is a lot of conviction in equity markets in particular. At the open, we saw volumes basically double over the past 20 days or so. We are still looking at volume over 24 above the 20day average. A lot of conviction in the selling we are seeing. We are seeing the cyclical rotation we all have been so excited about in recent weeks totally reverse quite dramatically. Industrials, financials, materials are the biggest laggards. Tr
They declared the value of the gold, melted the gold into bars to ahipped the bars philadelphia mint to make gold coins. At the time, the largest u. S. Coin was the 10 liberty had gold eagle. Of a newd to the idea larger gold coin. The liberty had coin was designed by the chief engraver of the u. S. Mint, james martin longacre. Since this new coin was twice the value of the 10 eagle, it was nicknamed the double eagle. The double eagle was first struck as a proof coin. Only one of these coins is known to exist and today resides in the smithsonian. It is estimated to be valued at millions of dollars. The obverse of this coin portrays a beautiful rendition of lady liberty adorned by a coronet inscribed with the word liberty. The reverse of this coin depicts a heraldic ego. The double eagle, composed of 90 gold and 10 copper, was an instant commercial success heavily used by merchants and banks. Liberty head gold double eagles are of particular importance due to their low mint edges and fa
[inaudible conversations] the committee will come to order. Good morning, and welcome to our witnesses, several of whom have traveled the considerable distances to be here today for this important hearing on paid family and medical leave. Before we move to our scheduled committee business, i want to take a moment to acknowledge the recent tragic passing of pamela moomau, a valued member staff of the staff of the joint committee on taxation for over 28 years. A reminder, again, of the considerable talent that exists sometimes outside of the glare of publicity. Pamela began her career at the joint committee on taxation in may of 1991, and over the years applied her skill on many legislative issues, both large and small. Her colleagues on the joint committee on taxation have said that pam was tireless in her dedication to the work of the joint committee, and that she readily accepted projects that were analytically difficult and often data deficient. She was in her office cheerfully worki
And our nation as a whole. Next Congressional Panel looks at developing a National Paid Program House ways and Means Committee vote on how to pay with advocating a payroll tax on employers and employees. Congressman shares a committee. The committee will come to order. Good morning and welcome to our witnesses some who have traveled considerable distances to be here. Before we move toward scheduled Committee Business i want to take a moment to acknowledge the recent tragic passing of pamela, a valued member of staff with the joint committee for over 40 years. A reminder again of the considerable talent that exist sometimes outside of publicity. Pamela began her career as a joint committee on taxation in may of 1991 and applied her skill in many legislative issues with large and small. Her colleagues on the joint committee almost tireless and dedication to the joint committee and she accepted projects that were analytically difficult and often that of efficient. She was working on a leg
The economy becomes more and e here e po special control as far as i understand that banks could somehow balance their reserves and their reserves and if suddenly i change their mind and want to withdraw that deposit, the bank must have the necessary amount of funds. Definitely another way to even create money is to issue by a loan bank in order to issue a loan , technically the bank does not need money to come to it on a specific day. To another bank and , for example, to pay salaries to employees, and this includes money brought in by individuals brought by other companies in the form of their deposits, what happens if the bank does not properly form these reserves and makes a mistake and issues them loans are more than he actually has working capital in his accounts , and when his borrower thinks that he has, for example , borrowed a hundred thousand dollars, he comes to the bank. You give me 100,000, but the bank does not actually have this physical money, i only have records on hi