Investors dumped Italian government debt, pushing yields — which move inversely to prices — on Rome’s 10-year bonds up 26 basis points to 1.8%, the biggest daily increase in over a year.
“The outlook is fragile with a greater likelihood of a downward revision than an upward one,” the report said.
This is the first monthly deflation since early 2017...
The ECB will doubtless cut its overnight deposit rate even deeper than the current -0.4 per cent at its next meeting in September. It might just make things worse.
Yesterday, the European Central Bank published an economic newsletter warning of the deteriorating risks to the global economy.
China’s factory prices shrank stoking deflation worries and pressuring Beijing to deliver more stimulus...
Manufacturing was the biggest contributor to the overall contraction, slipping 2.3% quarter-on-quarter.
Meaning it is basically paying people to borrow money...
“It’s possible we end up at the zero lower bound. I think it’s unlikely but it is possible. We are prepared to do unconventional things if circumstances warranted. I hope we can avoid that,” he said.
The Reserve Bank of India (RBI) will cut interest rates again at its October meeting, making it the fifth in a row
A growing chorus of central banks are joining the Federal Reserve in their efforts to stimulate the economy through lower interest rates...
Central banks in Asia, Australia and New Zealand have joined a brewing global currency war by slashing interest rates...
The message isn't about inflation because gold is not an inflation hedge. The message is about faith in central banks...
How is gold behaving differently than Bill's witnessed in his decades of fighting the manipulation, market rigging & price suppression? Here's why...
If the bond market keeps rallying, the Fed keeps cutting, and the global economy keeps slowing, a move through...
With the Fed’s recent cut and Powell’s comments leading to more uncertainty, the bond market appears to be signaling more cuts ahead. Financial Sense Newshour spoke with Tom McClellan and Mark Chandler, for insight into current conditions...
One robber "filled a backpack with 1,567 gold coins". That's one heavy duty backpack to hold 143 pounds of coins...
Ever since President Trump nominated Judy Shelton to the Federal Reserve Board, the economics establishment has been letting Americans know just how crazy she (allegedly) is.
The Fed desperately needs to keep credit expanding or the economy will collapse. However, it's an unsustainable scheme.
The dramatic scramble for U.S. debt has pushed a bond market recession indicator inches away from the warning zone.