Precious metals news

Is that Stanley Fischer of The Federal Reserve or Jenna Fischer of "The Office?" According to Bloomberg, Federal Reserve Vice Chairman Stanley Fischer signaled that a 2016 rate hike is still under consideration, saying the U.S. economy is already close to meeting the central bank’s goals and that growth will gain steam. “We are close…

According to Redfin, home sales tanked 12% in July (MoM) and 10.9% (YoY).   Here is Redfin's chart. Yes, the July -10.9% YoY decline kind of sticks out like a sore thumb. Particularly when median sales price ROSE by +5.3% YoY in July. Nela Richardson, Redfin's chief economist, claims there is no reason to panic. The…

The elections are only a couple of months away and the populist vote-getting mantras are on full display. Take the minimum wage, for example. Hillary Clinton wants a FEDERAL minimum wage of $15 per hour. Sounds great, right? But the Heritage Foundation (located in Washington DC, a short walk from Union Station) has an interesting…

In his latest letter, Elliott Management's Paul Singer reached new levels of bearishness [4], warning that the "bond market is broken", the loss of confidence from the failure of central bank actions "could be severe" and that "the ultimate breakdown (or series of breakdowns) from this environment is likely to be surprising, sudden, intense, and large."

“The neutral (or natural) rate of interest is the rate at which real GDP is growing at its trend rate, and inflation is stable. It is attributed to Swedish economist Knut Wicksell, and forms an important part of the Austrian theory of the business cycle.

I have my own suspicions about who that might be (or several “who’s”) and where these “dollars” might be coming from (cough, LIBOR, cough), but without evidence I am unwilling to publish blanket speculation.

By contrast, before the age of Bubble Finance really got underway in 1990, the combined balance sheet footings of the five largest US banks were only $400 billion or barely 5% of today’s level; and their collective market share was just 10%.

Since 2009, in fact, BAC has been the number one employer of criminal and regulatory defense attorneys in the USA and the armies of accountants, consultants, forensic specialists, etc.

Earlier this month, the Bank of England altered the bank rate of interest for the first time since 2009, pushing it from 0.5% down to 0.25%, with a further cut to 0.1% expect

We are foreseeing for excess reserves at the ECB to rise above EUR 1,000 bn. Although the European central bank is pumping in money by buying securities worth EUR 80 bn every month and hence increasing the excess reserves...

The leaders of Germany, France and Italy will meet on Monday to discuss how to keep the European project together in the second set of talks between the premiers of the euro zone's three largest economies since Britain's shock vote to leave the bloc.

Futures pointed to a lower open, as investors remain on edge ahead of the Fed's Jackson Hole meeting later this week, while keeping an eye on oil.

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Royal Bank of Scotland will impose negative interest rates on some of its biggest customers from Monday, as central banks’

we discussed the consequences of the Brexit, our view on gold and mining stocks, inflation expectations as well as the outlook for the US dollar.

The founder of research firm MacroMavens says economists & investors are willfully ignoring data that proves the financial crisis changed everything for a generation.

For the first time since the end of the Cold War, the German government plans to tell citizens to stockpile food and water in case of an attack or catastrophe, the Frankfurter Allgemeine Sonntagszeitung newspaper reported on Sunday.

The US Dollar traded broadly higher against its major counterparts on building FOMC rate hike speculation ahead of a much-anticipated Janet Yellen speech on Friday.

International tensions have in recent years often led to conflicts between nations, leaving countries to face complicated choices. The world is under constant change, and the most direct results are political instability over vast areas of the globe combined with economic, cultural and often military confrontations. The economic priorities of cooperation and development are increasingly being sacrificed on the altar of protection of geopolitical interests. It is a return to the past where strategic interests prevailed over the economic model prescribed by modern capitalism...