Precious metals are apparently waking up. And here is where you can find the best deals.
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Claudio Borio and his team at the Bank for International Settlements have just published another interesting working paper, titled “Monetary policy, the financial cycle and ultra-low interest rates”
European banks street tests conducted by EBA last month combined the usual old farce with the novel new farce. Just to make sure the punters were not too scared of the European economy’s champions.
Years of stubbornly low interest rates and expectations they will remain low for years to come have prompted U.S. banks to shift their balance sheets in ways that put them at risk if rates suddenly spike, regulators are warning.
Since truth hardly matters anymore, we all get numb to the day-to-day barrage of falsities and outright lies that come at us every day. But something clicked today and caused […]
Middle-class households are finding more of their Obamacare costs are coming out of their own pockets.
The reality is setting in that the economy is on a collision course with recession. Recessions equal bear markets.
Sep 2, 2016 - 07:03:21 PDT
Yet another Hey Bartender! jobs report. Only 151K jobs were added in August, a real comedown after a revised 275K report in July. Average hourly earnings YoY fell from a revised 2.7% rate in…
Well that escalated quickly...the entire fed Funds Futures complex just repriced out any rate hikes...
Sep 2, 2016 - 06:19:44 PDT
Trillions will be lost. Government’s that can’t roll their massive but suddenly far more expensive debts will default.
Sep 2, 2016 - 06:13:33 PDT
For 90 months now the Federal Reserve has pegged interest rates to the zero bound. It believes that come hell or high water, the U.S. economy must have 2% inflation in order to grow and prosper
Check out the rental trends in your own city.
Weak Construction As Another Data Point For The Shaken Consumers of Global TurmoilSep 2, 2016 - 06:04:23 PDT
such negative pressure was a more-than-temporary strain in one of the two areas of consumer spending (the other being autos) that have been the majority of the margins in this anemic economy.
They really don’t know what they are doing, but they can calculate very accurately what “should” happen.
Weak number suggest no rate hike, and as of Thursday, most analysts weren't expecting a rate hike until December.
millions of young males have left the workforce and civic life. Full employment? The U.S. isn’t even close.
ALBERT EDWARDS - The crutch holding up the US economy is about to be 'kicked away'Sep 2, 2016 - 05:52:54 PDT
Albert Edwards, the Societe Generale, thinks that the last bit of support for the US economy is about to be lost.
Here we go again: Another rough August for jobs - Biggest jobs gains in bars, restaurants...Sep 2, 2016 - 05:48:15 PDT
The report comes at a critical time as the jobs numbers are being watched closely by the Federal Reserve.
Big Miss: "August Curse" Continues As Payrolls Rise By Only 151,000; Hourly Earnings Growth DisappointsSep 2, 2016 - 05:45:32 PDT
moments ago the BLS reported that in the month of August only 151K jobs were added, missing the consensus of 180K job growth by nearly 30,000 jobs.
According to Macquarie’s commodities research team, gold should be trading at $2,000/oz. The team argues that with all the prevailing political and economic uncertainty stalking the markets, the price of gold should be around 53% higher than it is today.
Clients of Germany’s biggest bank who have invested in the exchange-traded commodity Xetra-Gold are facing problems when they want to obtain physical gold...