Precious metals news

This means of course that a yen devaluation needs to be met with either no or less devaluation by the ECB & the FED, otherwise it simply doesn’t work as they all go down together.

Friday of last week brought in much weaker numbers than the Fed expected from the non-farm payroll report. That was the big bet Janet Yellen’s crew was going all-in for, but the jobs report wasn’t the only important figure hitting reverse, and definitely wasn’t the most important look at the overall health of the economy.
As Peter Schiff points out in his latest podcast, this “specter” of a jobs number that the Fed is promoting should not be nearly as influential as productivity numbers or the PMI manufacturing index, both of which were down yet again. All of these contributed to gains in gold and silver going into Labor Day weekend, and they are continuing to rise as concern for a September rate hike has all but disappeared.
Peter stated it clearly in this week’s podcast: "You know things are getting bad when the Fed has the general public believing what they say about hiking rates, and they still don’t do it. The moment they start telling the truth, that they can’t raise r...

Over the entire 120-year history of the Dow Jones industrial average, Sept. 6 to Oct. 29 tends to be the worst period for the market.

one must not deny that the macroeconomic concept of national income is a mere political slogan devoid of any cognitive value.

70% of non-retired Americans plan to work as long as possible during retirement, according to a new Bankrate.com (NYSE: RATE) report.

‘helicopter’ policy essentially removes the (artificial) separation between the fiscal & the monetary authority, ie. the power to tax & the power to create fiat money.

TradeWind plans to utilize the distributed settlement system in blockchain to eliminate the need for third party verification by giving participants an up-to-the-minute record of all transactions.

Bitcoin & other electronic platforms have paved the way psychologically for a shift away from cash, although they have done so by emphasizing decentralization & anonymity rather than the much greater central control which would be inherent in a mainstream electronic currency.

Alan Greenspan admitted in June 2000 that the Federal Reserve truly had no idea how to even define money. If they don’t know money they can’t possibly know economy;

The protagonists of Michael Lewis’s book, “Flash Boys: A Wall Street Revolt,” are planning a gold exchange that would use elements of block-chain technology to improve transparency and the clearing […]

Inaction or worse, moving the interest rate into negative territory, will not lead to higher inflation. It will lead to stagnation and another lost decade.

The central bank and Mario Draghi has been trying to push inflation back to its goal of around 2 percent with a plethora of measures.

New Zealand has the world’s most frenetic property market, with prices in Auckland now outstripping London, and possibly dashing the hopes of British buyers hoping to escape Brexit.

Jeffrey Lacker of the Richmond Fed and Esther George of the Kansas City Fed appeared before a subcommittee of The House Financial Services Committee today to discuss Federal Reserve "independence." I say "independence" because The Fed governors and the Chair of the Fed are appointed by The President of the United States subject to confirmation…

Latest macro releases point to a downturn of the US business cycle. Interest rate hike expectations adjust abruptly downwards.

Global stock markets traded in fairly narrow ranges on Wednesday after further soft U.S. economic data reinforced concerns over the recovery in the world's largest economy. Uncertainty over whether the European Central Bank will unveil another stimulus on Thursday also kept traders in check. ...

We already have major troubles. Janet Yellen & the Fed are holding this economy up by a thread, which is causing huge bubbles already,” Icahn explained.

The consensus has told us for some time that we are now a services economy & that the recession in manufacturing didn't matter. Their argument took a big hit yesterday when the ISM Services number came in well below estimates. The employment index component of the report was especially weak.

An inversion occurs when shorter term rates have a higher yield than longer dated rates. Typically this is a strong recession warning. The 2-10 spread was always considered a classic spread to watch, and the St. Louis Fed has a predefined chart. But I expect the next recession to hit before the yield curve inverts.

the unempoyment number "hides a big problem: Millions of men in their prime working years have dropped out of the workforce — meaning they aren't working or even looking for a job."