Zimbabwe raised its benchmark interest rate to 70% in an attempt to curtail a second round of hyperinflation.
It's Friday the 13th!You know what? It already seems lucky to me. Heck, it's Friday. That's a pretty good start!I've never been one to get all torqued up about the number 13 anyway. In fact, I kind of like it. My preferred hockey number is 33 in honor of Patrick Roy and just because it has nice symmetry. But if it's not available, I'll go with 13. Why not mock the number gods, right?
Gold & Silver are being "sold" on Friday morning. Here's why...
The slightest switch from more expensive assets to dirt cheap silver will light a rocket under the price of silver.
Two JPMorgan employees, including a top metals trading executive, have been placed on leave in response to a U.S. criminal investigation into the bank’s metals trading practices
Dalio argued that central banks can't rely on monetary policy forever. Eventually, the benefits of monetary policy diminish. Cutting rates or expanding the Federal Reserve's portfolio
Two JPMorgan Chase & Co. employees, including a top metals trading executive...
They discuss: Current US dollar liquidity squeeze, Understanding the global banking system,What does the Fed do now? And More.
Never before have so many politicians promised to spend so much. Among some candidates, the 2020 presidential campaign has turned into a contest to see who can offer the most “free stuff.”
The price of gold whipsawed this week, driven up and down by various headlines. In this episode of the Friday Gold Wrap, host Mike Maharrey covers some of the big news that moved the markets. But he said that we need to keep our eyes on the big picture. All of this is happening in front of a backdrop of surging debt driven by central bank policy. How much do we owe and what does it mean for the future? Mike talks about it.
Question is how much longer investors will be contented with being lied to.
U.S. central bankers will trim interest rates by a quarter percentage point next week, and again in December, before leaving the target range for their benchmark rate at 1.5%-1.75% for an...
The tax proposed by U.S. Senator Sanders would deal a “major blow” to retirement & pension funds, university endowments, retirees and families saving for college...
Along with record high stocks, sounds like the perfect time to cut rates.
Targeting Over 50 Million New Subprime Borrowers. And the timing couldn't be any better: U.S. consumer debt is higher than ever.
...if there is “proper demand,” a moved aimed at “derisking” the government’s $22 trillion of debt and locking in low interest rates.
The U.S. government posted a $200 billion budget deficit in August, bringing the fiscal year-to-date deficit past $1 trillion, according to data released on Thursday...
Simon explains a very powerful trend that could continue sending gold prices even higher...
After the ECB announced a massive bond buying program, some economists predict it could be years before the euro zone returns to normality.
Mario Draghi is leaving the European Central Bank with a final stimulus package that has divided colleagues and drawn doubts over its economic effectiveness, putting governments under renewed