A senior police officer revealed this week that domestic criminal organizations are still using the pre-euro currency for illicit transactions. The lira ceased to be legal tender at the end of February 2002.
It’s not just the bond market that’s signaling a severe economic slowdown.
There are growing signs that U.S. home prices are no longer rising. If this is indeed the case, now is the time for sellers or prospective sellers to take a good look at the state of housing markets around the country.
Angst over the economic trajectory has pushed the stockpile of bonds with below-zero yields to $11.8 trillion.
'They have been getting away with this for years'
“The U.K. economy is facing a tough challenge in the second half of the year. The uncertainty created by a wobbling global economy and a new prime minister promising a revised Brexit strategy...
It is taking more time to hit the price target so we must patiently maintain current easy monetary policy. We will scrutinize the side effects of stimulus in guiding monetary policy.
The European Central Bank will ease policy again if inflation fails to accelerate, ECB President Mario Draghi said on Tuesday, signaling one of the biggest policy reversals of his eight-year tenure.
There are growing doubts on whether the central bank will be able to deploy the same level of intervention whenever the next crisis hits.
Chinese holdings of U.S. government debt declined for a second straight month, to $1.113 trillion in April, from $1.120 trillion the previous month. Even so, the world’s second-largest economy remains the largest non-U.S. holder of Treasuries.
"something ‘unexpected' yet totally predictable happened to those who have jumped on the gold bandwagon..."
Gold & silver can provide owners a way to increase their wealth significantly via prudent bullion ownership, and the precious metals...
I hope you did not chase the manipulation ghosts instead of gormandizing the news and charts during the last two weeks. Let us go right to the...
Gold softened last night, trading in a nervous and choppy fashion (expected of a market fresh off 14-month highs) in a range of $1333 - $1343.55. It climbed to its high during Asian time...
The new banknotes, known as chervonets, were backed by gold bullion and foreign reserves. Over the next two years, Russian currency was stabilized as the worthless rubles were replaced by gold-backed bank notes.
The central bank would consider the use of a gold-backed cryptocurrency to facilitate international settlements.
One might wonder why these countries are steadily acquiring such enormous inventories of gold bullion.
Mr. Market started seriously pricing in the possibility of interest rate cuts. To be fair, the signal came from the Top of the economic politburo that matters that being the Federal Reserve. Speaking at an event at the Chicago Fed last Tuesday, Chairman Jerome Powell hinted that the Fed would likely cut …
Massive break-out moves, major "buy" signals, and BIG SUPPORT. Here's what the technicals are signaling...
Main idea: Currency fluctuations are so independent of economic growth – and used as weapons by politicians. Moving to the gold standard is the only option.