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A mission of archeologists excavating the Krasnodar Krai province in Southern Russia announced it unearthed a treasure of gold Byzantine coins dating back to the 10th century,
Agnico Eagle: There Won't Be a 'Substantial' Number of New Gold Mines BuiltNov 27, 2019 - 10:33:20 PST
"It's a lot tougher now than it was 10 or 15 years ago," Agnico Eagle Mines' Sean Boyd says.
The troubled German lender has already unloaded some assets to rivals including Goldman Sachs and BNP Paribas, and now Goldman is reportedly coming back for more.
The world’s top investors say ‘‘free money’’ policies have reached their limits and they fear central banks and governments could resort to printing money to finance spending, triggering currency instability across the developed world.
Morgan Stanley Asia's former chairman predicts Washington and Beijing will sign a "phase one" deal – but there will be no "phase two."
Fed's 'Lose, Lose, Lose' Position Will Be Short Term Win: Mohamed El ErianNov 27, 2019 - 08:43:08 PST
The Federal Reserve is in a lose-lose-lose position, says Allianz's Mohamed El-Erian. That's good for investors in the short run but it won't last.
Nov 27, 2019 - 08:34:25 PST
Unfunded U.S. pensions are currently closing in on $7 trillion—the equivalent of $20,700 per U.S. citizen
“The Fed since September, the ECB as well, the BOJ, even the central bank of China is starting to provide some more easing,”...
From London to Washington to Sydney, policy makers are puzzling over why workers’ pay has been rising only slowly even though official unemployment is at its lowest levels in decades.
The Federal Reserve Bank of New York added $108.95 billion in temporary liquidity to the financial system in its continuing effort to ensure that the financial system has enough liquidity and that short-term borrowing rates remain stable.
Amid worries that the US consumer is tapped out (or maxed out), it appears that despite disappointment at no gain in income, spending rose 0.3% MoM (as expected)
A big upward revision for new home sales (to 12-year highs), and a rebound in existing home sales, were both upset by the disappointing 1.7% MoM drop in pending home sales in October.
CEOs are worried about delivering earnings growth amid increasingly uncertain times.
Peter Schiff hit a number of subjects in his most recent podcast, including bitcoin, the stock market, wealth inequality, the Fed and the voting age. He also said we should be thankful for capitalism.
The massive disruption in the credit markets that followed not only thwarted his aims and catalyzed the “Powell Pivot,” but continues to dictate monetary policy even now.
That Ain't The Last Bite! (Or, The Cartel Isn't Finished Smashing Gold & Silver Just Yet)November 27, 2019
SD Midweek Update: People got excited when silver "broke-out" yesterday and gold "surged", but the excitement seems a little premature...
We asked leaders of investment banks, asset managers, insurers, and private equity firms for their assessments of the perils that await in 2020. As they see it, there’s plenty to worry.
Nov 27, 2019 - 05:54:30 PST
There is one phrase on Wall Street that instills fright like no other – “intra-day bankruptcy” – especially if it’s describing a bankruptcy filing by a highly interconnected Wall Street firm.
Today marked the first term repo operation offered by the Fed with a maturity in 2020. In other words, this was the first chance for banks concerned about liquidity issues around year-end to secure funding into 2020.
And while we have yet to see where Q4 GDP will come out, the fact that the Fed cut rates three times in a quarter in which the economy rose 2.1% will surely bring smiles to the faces of many Fed skeptics.