When is a $984 billion budget deficit good news?When you thought you might get a $1 trillion budget deficit.The Treasury Department released the fiscal year 2019 budget numbers on Friday. The budget shortfall came in at $984 billion right on the CBO estimate. A CNBC report said this would likely, "come as a relief to the Trump administration, which had previously forecast that the deficit would hit $1 trillion during the 2019 fiscal year."
Bank of Japan former governor Masaaki Shirakawa said he is witnessing a “Japanification“ of monetary and fiscal policy in other countries and doubts that low interest-rate and high-debt strategies will work to solve economic problems.
Regardless of what you think about the Federal Reserve’s decision to get back into the business of buying Treasuries, one thing is clear: It’s a good time to be a primary dealer.While this elite-bond trading club may never fully regain its former glory, the prospect of the Fed once again
The Reserve Bank of India (RBI) today clarifies it is not selling or sold any of its gold reserves and neither done any trading in the yellow metal.
The Central Bank has tightened limits on the amount of dollars savers can purchase after Alberto Fernandez's victory in Sunday's presidential election, limiting purchases to US$200 a month via bank account and US$100 in cash.
The outflow from U.S. equity funds this year has been the biggest since 2008, relative to the flood of money into cash and bonds, according to Goldman Sachs Group Inc.That still leaves cash exposures “near historical lows,” according to Goldman strategists led by David Kostin. At 12%,
Bitcoin jumped on Monday, bringing its rally since Thursday to 26%, after China’s government threw its backing behind the digital coin’s underlying ledger technology.
The Office of Management and Budget announced a 2019 budget deficit of $984 billion. What is it really?
Profits at Chinese industrial enterprises continued to contract as the economy slows and factory deflation deepens.
Hong Kong has fallen into recession, hit by five months of anti-government protests that erupted in flames at the weekend, and is unlikely to achieve any growth this year, the city’s Financial Secretary said.
Federal Reserve Chairman Jerome Powell is expected to deliver the third straight U.S. interest rate cut this week - but the real news will be if he signals the end...
Any central bank head that passes through an eight-year term without once raising rates has some explaining to do. To leave monetary policy extremely loose for such an extended period comes with major consequences...
Here are three things to watch when next week’s Federal Reserve interest-rate meeting ends Wednesday.
once-popular loan Americans use to finance home renovations and college tuition is slowly dying, slashing a lucrative source of revenue for the nation’s largest banks.
Since December 2018, China has purchased over 100 tons of gold after not buying any for several years, according to its central bank data.
All-Star Jeff Snider and Erik discuss: Why “base money” really isn’t base money
Fed announcements in perspective. What’s really missing: The dealers who used to supply global dollar liquidity.
A spate of large-scale street protests around the world, from Chile and Hong Kong to Lebanon and Barcelona, is fueling a search for common denominators and collective causes.
Gold and Silver, not their digital competitors, will be used as a hedge currency in case of a potential economic crisis. David explains...
The precious metals sector has been in a correction for nearly 2 months...
The gold market has a saying — “sell in May and go away” – for a good reason...