The return you will get on a bond you buy today and hold until it matures will be less than zero. Not maybe. Not probably. Definitely. The bond market, which is vastly larger than the stock market, is full of different types of investors.
The soul-crushing reality is that we could be months or even weeks away from a global financial crisis that will dwarf the one we experienced a decade ago.
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The US Constitution never granted the federal government authority to create a central bank. The Founders, having lived through hyperinflation...
The big run in gold bullion means potentially higher profits for miners, but investors say the same dynamic is...
It will not be long before the spread of negative interest rates reaches the U.S., former Federal Reserve Chairman Alan Greenspan said.
New York Fed President John Williams says sluggish inflation is one of the central bank's most pressing issues.
index fund inflows are now distorting prices for stocks and bonds in much the same way that CDO purchases did for subprime mortgages more than a decade ago. The flows will reverse at some point, he said, and “it will be ugly” when they do.
US manufacturing activity contracted in August, according to the latest ISM data.The number for August came in at 49.1. Any number under 50 signals a drop in manufacturing. This was the first contraction in three years. According to Reuters, this was the first time the index has dropped below 50 since August 2016. It was the fifth straight monthly decline. And as Peter pointed out in his latest podcast, this was the lowest ISM number in a decade.
Central banks continue to gobble up gold. Globally, the world's central banks added another net 13.9 tons of gold to their reserves in July.While this was the lowest net increase in global central bank reserves since August 2017, the number was skewed downward by a significant gold sell-off by Uzbekistan. Gross purchases by the world's central banks came in at 36.4 tons, according to the latest data released by the World Gold Council.
Gold will surge above $1,600 an ounce as the Federal Reserve embarks on a quartet of interest rate cuts to combat slowing U.S. growth and the fallout from the trade war with China, according to BNP Paribas SA, which flagged prospects for a significant rise in prices in the coming months.Bullion
Central bankers are determined to loosen monetary policy despite questions about effectiveness and risks.
The U.S. Federal Reserve’s balance sheet could end up between $3.8 trillion and $4.7 trillion by 2025, according to projections collected by the New York Fed.
In a note, UBS said it now sees world growth dropping to 2.5% in the coming quarters
The U.S. Federal Reserve should cut interest rates by half a percentage point at its meeting in two weeks to get ahead of both financial market expectations for a rate cut and a global trade war, St. Louis Federal Reserve President James Bullard said.
Interest rates resumed their retreat last week, but that did not boost mortgage demand. Mortgage application volume decreased 3.1% for the week.
The nominee to succeed Mario Draghi as head of the European Central Bank has defended the bank’s record low interest rates and extraordinary stimulus measures deployed in the wake of the Great Recession and eurozone debt crisis.
The European Central Bank will cut its deposit rate next week and announce a restart of its asset purchase program...
Bill Dudley - My Bloomberg Opinion article from last week, titled “The Fed Shouldn’t Enable Donald Trump,” elicited an intense and often critical reaction. To provide context and address any misunderstanding, I believe some further explanation is warranted. Here are answers to what I see as
Many central banks are ramping up stimulus, which could affect the global economy," Karaoke...