With Janet Yellen and the Fed once again chasing an imaginary inflation “boogeyman” (inflation is currently lower than any pre-recessionary period since the 1970’s) the tightening of monetary policy, with already weak economic growth, may once again prove problematic.
The rally in bitcoin has come out of China, which has accounted for 98% of bitcoin trading in the past six months. China is also home to about two-thirds of the
There is another pressing issue to solve in Europe’s banking system: Novo Banco – a Portuguese bank that emerged from the collapse of the country’s biggest lender.
With nearly 50 million people dependent on food stamps in this country, no job growth, stagnant wages and a hungry, desperate and idle population drowning in debt, there will indeed by unrest as no one in this country has ever seen it.
Mexico's central bank sold dollars in Mexico and New York on Thursday to fight off the peso's nose dive to record lows amid fears U.S. President-elect Donald Trump's protectionist policies could further hammer Latin America's second-biggest economy.
It has become painfully obvious that the much-hyped OPEC agreement to reduce global oil production by close to 2 million bpd won’t have the effect that its initiators had hoped for. True, crude has jumped above US$50 but failed to pass the US$55 barrier and move closer to US$60
Bob Moriarty explores how sentiment affects trading in the precious metals markets, and discusses a new service that can help investors gauge sentiment.
Protests & looting fueled by anger over gasoline price hikes in Mexico lead to four deaths, the ransacking of at least 300 stores and the arrests of more than 700 people.
Rather than "Drain The Swamp," Congress is set to vote on a budget that will "Drain our Wallets".
Simplify its mission, consolidate its regional banks and get rid of a bunch of its economists.
Trump’s election does not mark the arrival of a crisis, but it does foreshadow the anticipated arrival of one in the 2020s.
As the era of globalization ends, will protectionism and conflict define the next phase?
After all, most USD are just digital entries and the rest are just paper. Bitcoin is also just a digital construct with no intrinsic value.
Gold Today –New York closed at $1,163.50 on the 4rd January after closing at $1,159.50 on the 3rd January. London opened again at $1,173.00 today. Overall the dollar is weaker against global currencies today. Before London’s opening: - The $: € was weaker at $1.0503: €1 from $1.0441: €1 yesterday. - The Dollar index was weaker at 102.36 from 102.98 yesterday. - The Yen was stronger…
In the past, members of Congress have threatened actual default on the Treasury’s financial obligations.
The global market for imported goods totaled $15.6 trillion in 2015. This map shows where those goods came from and where they went, each dot representing $1 billion in value.
The intensifying global war on cash is destined to give the government more control over your money than ever.
global cooperation has served to obscure the currency depreciation & loss of confidence in paper money (as opposed to ‘hard money’ such as gold and silver) that are to be expected from rampant money printing.
With a new year come new opportunities as well as new issues to take into consideration. Here are the five most important issues to keep an eye on in 2017.