Italy's teetering banks will be Europe's next crisis
The explosion of credit that's made America prosperous, now threatens to take the entire economy down.
Wall Street mega bank, JPMorgan Chase, was the biggest percentage decliner in the Dow Jones Industrial Average, losing 2.79 percent. Goldman Sachs, another Dow stock, was third in line
Japan's $1.4 trillion Government Pension Investment Fund have suffered such large losses, it will need to add to those holdings to meet targets for their weighting
This year through June, there have been 91 corporate defaults globally, the highest first-half total since 2009
"Things are shaky & feeling dangerous," Gundlach said, "I am Not selling Gold."
That's larger than gold reserves held by China, the biggest consumer & a consistent central-bank buyer in recent months
as precious metals investors we naturally want to know how gold fits into the picture. Let's look at the truth & the myths
Probably the best trade of this year - was also the simplest. The British Pound has collapsed when measured against real money, gold & silver.
I am certain that you remember Lehman Brothers and the “chaos” that it created when it ‘failed’. If you think that the Worlds’ Central Banks are now wiser and consequently […]
We are rapidly approaching the point where Central Banks will not be able to prevent a serious decline in stocks...or a serious rally in gold and silver prices...
According to the expert analysts at UBS, in the wake of BREXIT, “gold has entered a new phase”. Our question is would that be the third and FINAL stage of the massive 20 […]
buy $345 worth of silver [17 ounces (345/20.31)], & hold it until the Gold/Silver ratio reaches the 17-level again; I can exchange it for 1 ounce of gold. I would effectively have paid only $345 for 1 ounce of gold, which today cost $1370
A 10:1 ratio equals a price of silver of $1,000.
'If we raise interest rates, & if the dollar starts getting too strong, we're going to have some very major problems.'
Without the suspension of mark to market rules in 2009, every major bank in the world would have been liquidated in bankruptcy.
"We are facing the largest macro imbalance in history." Hear Kyle Bass discuss the current Chinese NPL crisis & its possible effects on the broader market
This decision, of course, continually erodes the purchasing power of individuals' savings. It is a tax. An inflation tax.
Deutsche Bank is the biggest global foreign-exchange trader that hasn't reached a deal with the U.S. Department of Justice to settle allegations that its traders were among those that conspired to rig currency rates.
Other Italian banks have mounting bad loans, but Paschi is the leader