Central banks don’t know what money is and they have interest rates all wrong. That about sums up the post-crisis global economy.
European banks are more akin to their Japanese counterparts and less like Wall Street, warns JPMorgan
It's time to reduce the amount of physical cash floating around the globe to help combat tax evasion and other illicit activities, renowned economist Ken Rogoff tells CNBC.
As the G20 in China concludes they ask whether the new Special Drawing Right is the first step toward one world currency
China is lauding its successful hosting of the G20 summit in scenic Hangzhou, with open confrontation largely avoided and broad consensus reached over the fragile state of the global economy and the need for a wide range of policies to fix it.
ITT Technical Institute will cease all of its academic operations, eliminating most of its 8,000 employees effective today, after the government last month banned the for-profit college chain from enrolling new students who receive financial aid.
Welcome to the twilight zone of IMF gold sales, where transparency really means secrecy, where on-market is off-market, and where IMF gold sales documents remain indefinitely “classified” and out of public […]
Along with death & taxes, Californians have counted on another inevitability: once pension promises are made to public employees, they can’t be rolled back.
As a gold and silver investor, you have to be screaming with joy for this correction...
Gold futures advance, with analysts crediting the move to a U.S. jobs report that appears to lower the chances for an interest-rate increase by the Fed this month.
This is actually a very positive chart overall, for as we can see silver’s bearmarket phase from 2011 has definitely ended.
You need to understand what is really going on if you are to comprehend what is driving the still fledgling bullmarket in Gold & Silver. The global financial system in on the verge of flying apart
The Federal Reserve & other global Central Banks have balance sheets that are just short of 40% of GDP. By propping up Treasury/sovereign debt prices, yields have fallen. And now have fallen below the S&P 500 dividend yield. But are Treasury prices too high? The S&P 500 dividend yield is once again again above the…
Services PMI printed a six-month-low 50.9 over the weekend "pointing to an annualized GDP growth rate of a mere 1%
Under the Glass-Steagall Act of 1933, banks holding insured deposits were not allowed to be affiliated with Wall Street investment banks & brokerage firms - which have a storied history of stock frauds, abusing their customers, and blowing up.
Later this week Mario Draghi and his colleagues at the European Central Bank Governing Council meet up for a policy meeting. As ever there is much for them to discuss and maybe he will raise a glass of Chianti to the passing of a significant threshold. From the ECB. Public sector assets cumulatively purchased and…
By its actions, the Federal Reserve has selected a precious few winners and many, many losers. Sadly, you are highly likely to be one of the losers.Sorry!I'm one, too, if that helps soften the blow.But we have a lot of company.
Haruhiko Kuroda has vowed to keep easing monetary policy until inflation reaches 2 per cent, in a defiant speech dismissing the Bank of Japan’s critics. Mr Kuroda, governor of the BoJ since 2013, claimed the central bank’s policies “have contributed
If at first you don’t succeed, extend, and then extend again.
The European Central Bank's quantitative easing program passed a milestone last week, topping 1 trillion euros in purchases after 18 months of aggressive bond buying.