fading quickly after the summer jump. Year-over-year, pending home sales are up just 2% (NSA), less than the expected 4% rise and considerably slower than the same time last year.
“I think it's much more likely that we're going to have some kind of recession, cleansing, market clearing, before this economy can grow.”
No, this is not a post about some new Chinese law firm. Instead, it's just an update on the gold and silver markets which, while refusing to go further down, aren't […]
(END) Dow Jones Newswires October 27, 2016 10:24 ET (14:24 GMT)
The last time this occurred was in the summer of 2015 just before the August selloff. It typically does not bode well for equities and this time should be no different.
Presented with no comment but a deeply furrowed brow... Less Business Spending... more jobs?
For the 21st straight month, Core Durable Goods Orders contracted YoY - the longest in US history outside of a recession.
raised fears of spiraling inflation. Lagarde said this month that Egypt needs to address exchange-rate and subsidy policies, fueling speculation that policy makers must either devalue or float the pound
Venezuela is facing a massive economic crisis that has caused major food shortages & hyperinflation. "It's one of the epic economic collapses of our time,"
The key test will come next year, when the midterm elections will serve as a de facto referendum on his policies, many of which while are unarguably necessary albeit damningly unpopular.
It’s called “Rules for Rulers” and it brings home the point that, if we want to make the world a better place, we better understand how the world works.
Deutsche Bank (DBKGn.DE) chief John Cryan pledged to redouble restructuring efforts on Thursday, warning that it faces tough times finalizing talks with U.S. justice authorities over a multi billion dollar fine.
The Fed failed, & that changes everything; including and especially what is to be made of “accommodation” & what it is that might have “reassured” equity investors in the past & might do so (or not) going forward.
Put away the economic models, it’s time for central-bank karaoke..
Brussels has proposed to relaunch one of its oldest & the most ambitious reforms which could boost the EU economy & tackle aggressive tax avoidance schemes.
After the Guardian published leaked audio of her speech to Goldman Sachs, politicians from the UK and across Europe have criticised the prime minister
Yesterday saw an outbreak of what we have come to call Open Mouth Operations as Bank of England Governor Mark Carney gave testimony to the House of Lords. There were fears of something of an early wire as a couple of hours beforehand the UK Pound £ took quite a dive. It quickly fell to…
All central banks still report gold as one line item of “gold and gold receivables”, which allow bullion banks to increase their unallocated balances which can then be used in myriad […]
Bad times lie ahead for bondholders as rising inflation and resurging deficits conspire to drive up interest rates, according to Jeffrey Gundlach.
Gold prices traded at a three-week high during North America's session on Wednesday, as the U.S. dollar pulled back from nine-month peaks hit overnight, boosting the appeal of the precious metal.