Precious metals are apparently waking up. And here is where you can find the best deals.
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The U.S. Securities and Exchange Commission is giving $22 million, its second biggest payout ever, to a corporate insider who helped the regulator uncover a well-hidden fraud.
Aug 30, 2016 - 10:07:45 PDT
If this sounds vaguely like the dotcom mania in early 2000, it is and then some.
Goldman Sachs has become the real evil empire. So while people keep talking about Rothschilds and Morgan, these may be deliberate diversions to distract people from the real mover and shaker — Goldman Sachs.
Rate Hikes, or NIRP? What's really next for US interest rates? Sprott's Thoughts Weighs In...
The G20 Summit is to take place amid weak economic recovery and the lowest rate of global trade growth in three decades. China would like to see G20 leaders resist protectionism...
Europe’s antitrust enforcer ordered Ireland to collect billions in back taxes from Apple, a move that will ramp up trans-Atlantic tensions over what global companies pay in the countries where they do business.
President Francois Hollande said there would be no deal at least until after President Barack Obama leaves office in January. Junior trade minister Matthias Fekl said there was "no more political support in France" for the talks
The yen is exceptionally strong in the wake of the US Fed's failure to implement a rate hike, Brexit and other factors; Japanese authorities have concluded that the bullish performance of the nation's currency is economically detrimental and indicated that they are considering countermeasures.
Aug 30, 2016 - 07:20:52 PDT
Could it be the pretending & extending have hit some sort of limit and the Fed fears the next Fed administered "cure" may kill the patient?
Aug 30, 2016 - 07:16:07 PDT
For those who believe America's problems can or will be solved by global growth...please consider the chart representing 15-64yr/old core population growth among the combined 35 OECD nations, plus China, Brazil, and Russia vs. global GDP, global debt, and the Federal Funds Rate
We are monitor confidence in the banking system as reflected by cash withdrawals being one factor. The sale of home safes has exploded in many countries. I
Aug 30, 2016 - 07:04:59 PDT
The year-over-year change tells a different, more sobering story. In July, Personal Spending grew 3.26% YoY. While that sounds great, bear in mind that Personal Spending was growing at a 6.25% YoY clip as recently as October 2014.…
Aug 30, 2016 - 07:01:09 PDT
Although July 8, 2016 had the honor of being the lowest 10 year - 2 year yield curve slope, August 29th (today) has the honor of being in second place at 75.029 basis point. And the 10Y-2Y yield curve slope keeps on falling.
The Federal Reserve is convinced that the case for a rate increase has strengthened. Only if you ignore economic reality Janet Yellen.
Aug 30, 2016 - 06:33:23 PDT
In view of the great chaos that the whole world will endure when the collapse in the value of the gigantic debt that hangs over the world takes place, I cannot do otherwise that recommend to all, the formation of private savings in gold and silver coin
Even The Academic Math of This Economy Is Pointing To The Unfortunate Existence of The Long Run ConsAug 30, 2016 - 06:22:24 PDT
Even now the much-reduced long run tendency remains quite far out of reach, dampening enthusiasm all over again academically for both the timing and intensity of that anticipated “liftoff.”
In long run terms, however, economic damage is perfectly clear and consistent with what I wrote about this morning with regard to downgrades in “potential”, as even revisions don’t accomplish much in any direction.
"the wealth effect"--as stocks and bonds rose in value, households would feel wealthier and happily plunge deeper into debt.
withdrawals are expected to accelerate in 2H 2016 reaching nearly $20 billion, a run-rate that would have them exceeding the fiscal limits imposed on fund withdrawals of 4% of assets, or $36 billion.
Low interest rates & the prospect of fees on bank deposits are helping drive a boom in home-safe sales for savings-minded people in Germany.