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"Japanese can be excused for wondering what these last 2,206 days of Abenomics were all about. A new survey confirms what skeptics long knew: Abenomics is far more show than reality."
Thousands of Federal Workers File for Unemployment as First Paychecks MissedJan 11, 2019 - 05:42:44 PST
A few days ago, Will Kohler, a tax examiner for the IRS, filed for unemployment. "It seems like it's going to go on forever," Kohler, 55, said, from his house in Covington, Kentucky. "I need to eat."
Law Enforcement, Handcuffed by Shutdown, Sees Investigations Grind to HaltJan 11, 2019 - 05:30:13 PST
“It really wears on our members,” said Nathan Catura, the national president of the Federal Law Enforcement Officers Association. “You feel like a pawn in this big political windstorm. You feel like you’re not worth anything."
"Against the backdrop of sensitive trade negotiations, the yuan has risen 1.8 percent this week in its biggest gain since July 2005 when Beijing abandoned the yuan’s peg to the dollar."
"In addition to dollar-denting on expectations that the brakes could soon be applied to U.S. interest rates, gold was also supported by increasing market nervousness over U.S. President Donald Trump's unbending demand for a wall to be built on the border with Mexico."
Growth at Any Cost: How China's Slowing Economy Is Leading to Untested PolicyJan 11, 2019 - 05:19:44 PST
"While official data have indicated that China's economy held up for much of last year, cracks have started appearing in recent months as production metrics and export orders fell."
With No-Deal Brexit Increasingly Likely, UK Politicians Seek Departure DelayJan 11, 2019 - 05:11:10 PST
"The U.K. was officially set to leave the EU on March 29 this year but a delay to that date is likely to diminish the chances of a no-deal Brexit, something that market watchers have been concerned about over recent months."
Immediately After Vowing to End Stimulus, ECB Discusses New, Powerful StimulusJan 11, 2019 - 05:09:07 PST
"European Central Bank policymakers are likely to debate new multi-year loans to banks, a potent stimulus tool, in the months ahead as they navigate a 'fragile and fluid' global context."
Government Bonds? Yeah, the Big Banks Rigged Those Too. $30 Fine for HSBCJan 11, 2019 - 05:01:37 PST
"HSBC is the third bank to settle, after Deutsche Bank AG and Bank of America Corp agreed in August 2017 to pay a respective $48.5 million and $17 million and cooperate with the plaintiffs."
Four young men have gone on trial over the brazen theft of a 100-kilogram (221-pound) Canadian gold coin from a Berlin museum...
Four German Men Stole a Manhole-Sized Gold Coin Worth $4M From a Berlin MuseumJan 10, 2019 - 12:36:45 PST
They got caught. "German authorities believe the 100 kg (220 pound) Canadian “Big Maple Leaf” - once recognized as the biggest gold coin in the world - has been melted down since its theft from Berlin’s Bode Museum in March 2017."
Goldman Sachs Raises 12-Month Target for Gold to 5-Year High Price of $1,425Jan 10, 2019 - 12:07:06 PST
"Bullion has benefited as rising geopolitical tensions fuel central bank purchases while fears of a recession helped boost demand from investors seeking 'defensive assets,' they said."
Rory Hall & Matt From Silver Fortune Discuss Ratios That Gold & Silver Investors Need To WatchJanuary 10, 2019
Rory and Matt discuss precious metals, the markets, wealth preservation, ratios, value, and a whole lot more in this robust and timely discussion...
In Dramatic Shift Away from USD, Russia Buys 25% of Entire World's Yuan ReservesJan 10, 2019 - 07:49:04 PST
"Russia’s central bank dumped $101 billion in U.S. holdings from its huge reserves, shifting into euros and yuan last spring amid a new round of U.S. sanctions."
Macy's, Kohl's, Target: Post-Holidays, Disappointment and Gloom Abound in RetailJan 10, 2019 - 07:43:22 PST
"Macy’s plunged the most intraday in more than a decade, sliding as much as 18 percent. Kohl’s fell as much as 10 percent and Target slipped as much as 4.8 percent as of 9:34 a.m. in New York."
"President Nicolás Maduro of Venezuela is set to be inaugurated on Thursday for the second time, extending his term in office to 2025, after winning an election last year that had been rejected by nations across the region as illegitimate."
The Junk Bond Market Is More Frozen Than at Any Time in the Last 23 YearsJan 10, 2019 - 07:07:49 PST
"No U.S. company rated below investment grade has issued bonds since November, the longest stretch without a high-yield sale in more than two decades."
“If default rates are only 10% — a conservative assumption — this corporate debt fiasco will be at least six times larger than the subprime losses in 2007-08."
Harvey has crunched the December numbers, and all he could find with COMEX gold was one tiny "adjustment". Here are the details...
The Federal Reserve released minutes from the December Federal Open Market Committee meeting on Wednesday and it looks like the "Powell Put" might be in.The minutes revealed a much more dovish sounding Fed as we move into 2019. Members of the FOMC indicated they could be "patient" with future rate hikes and said the future path of the central bank's monetary policy is "less clear."What is clear is that Powell and company seem to be getting cold feet when it comes to continuing on an aggressive tightening policy. The question is why?