Following the March 18 “Statement” by the FOMC that any interest rate increase would probably not come until September, stocks moved from negative territory into big upside gains. Truly, the markets liked the idea that any interest rate hike would put off until later in the year. However, the following week the Dow Industrials plunged
Wars, economic crises and stock market declines have major impacts on investor interest in the precious metals. Leaving the potential for wars and economic crises aside, what is the likelihood that stocks are set to enter a period of declining prices?
Expectations of when the Fed will hike interest rates are driving the markets. However, no interest rate increase is likely to come from the Fed until at least June–if not farther out–according to Fed statements following the March FOMC meeting. This means that the federal funds rate will remain at the target of zero to
Friday, March 20, the nearly 100-year old manually done London gold fix will end, replaced by an electronic version. The question is will the new method result in a more transparent London fix or will it be a continuation of the same old game.
In a video interview with Barron’s editor Jack Otter, famed Swiss investment advisor, fund manager and publisher of the Gloom Boom & Doom Report Marc Faber gives his economic views for 2015.
As European Central Bank President Mario Draghi has been promising (threatening?) for more than a year, the ECB finally is about to begin a quantitative easing program. The program most likely will run for two years.
With the national debt now exceeding $18 trillion and having jumped 70% in the last six years, there are many cries for a return to the gold standard, which, it is believed, would limit government spending that has resulted in the massive increases in the national debt. A gold standard is a monetary system in
“The slump in global oil prices,” reports the Financial Times (1/6/15), bolsters “the case for an ambitious programme of government bond buying by the European Central Bank.” In Germany, the Eurozone’s largest economy, consumer prices in December rose only 0.1 percent versus 0.5 percent the year to November.
Recent posts here noted central bankers’ acceptance of inflation as the panacea for the world’s economic malaise. Yesterday’s New York Times joins me in this thought.
Remember Savings Bonds? A buyer recently cashed in years of Savings Bonds to invest in gold and silver. His conversion of the bonds was trying, to say the least. His experience is reported below.