BullionBuzz is a weekly eNewsletter that offers investors a quick snapshot of must-read news pertaining to the markets and precious metals. Continue reading
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Economy
BullionBuzz is a weekly eNewsletter that offers investors a quick snapshot of must-read news pertaining to the markets and precious metals. This week: Euro: Current Course Is Leading to Disaster Continue reading
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BullionBuzz is a weekly eNewsletter that offers investors a quick snapshot of must-read news pertaining to markets and precious metals. Continue reading
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The short answer to the question of whether such a Cyprus-like “bail-in” could occur with gold is yes and no. It could easily occur with compromised gold ownership, but it’s highly unlikely to occur with… Continue reading
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John Paulson of hedge fund Paulson & Co. is considering moving to Puerto Rico for the explicit purpose of eliminating taxes on $9.5 billion in gains he invested in his own hedge funds. Other wealthy Americans have already made this move, part of a growing trend toward escaping increasing levels of robbery by governments. Continue reading
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Leading up to the 2008 crash, one of the highlights of Doug Noland’s Prudent Bear Credit Bubble column was his quarterly dissection of the Fed’s Z.1 Flow of Funds report, which revealed ridiculous, parabolic, trillion-dollar increases in mortgages, Treasury debt, business borrowing and so on. Something was always soaring, and total US debt was always climbing to absurd new heights. Continue reading
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Last weekend, a Eurozone executive committee negotiated a deal for a bailout of Cyprus’s banking system. As part of the deal, a one-time levy on depositors was agreed upon: deposits below €100,000 are subject to a 6.75% levy, while those over €100,000 are subject to a 9.99% ‘fine.’ Continue reading
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The US unemployment rate has been ‘managed’ to seem as if it’s at a four-year low; we weren’t told that the number of Americans ‘not in the labour force’ rose by 296,000 in February. In fact, the percentage of working-age Americans that have a job is just 0.1% higher than it was three years ago, and isn’t even close to getting back to where it was before the last economic crisis. Continue reading
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China continues to enjoy considerable growth. Its 2012 GDP growth is forecast to be 7.8%, yet its stock market is nowhere near the all-time high of October 31, 2007. The Chinese market, as represented by the China 25 Index Fund, is down 44% from its all-time high. Not only that, but it’s down about 10% in 2013 alone. Continue reading
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During the election campaign, there seemed to be a tacit agreement that something had to be done about the US federal deficit and the debt/GDO ratio. Now, some are saying there’s really nothing to worry about, and no urgency to solve the problem. President Obama, Nancy Pelosi, and several Nobel Prize winning economists have all floated this argument. Even those who profess to be concerned about fiscal imbalances seem to believe it will affect their children and grandchildren, but not them. Continue reading
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There has never been such a dichotomy in terms of the information being provided by governments, banks and media outlets. When they want to embark upon or continue absurd policies, they say the world is… Continue reading
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