Saturday, June 15th, 2019 MST

Category: Economic Crisis

Europe’s woes put pressure on gold

Because of Germany’s weakening export driven economy and because German bonds are preferred by the European Central Bank, yields on the country’s 10-year bonds are negative.  Consequently, European bond investors, primarily made up of  banks and insurers that depend on income, have turned to US Treasuries.  Upward pressure on the dollar means downward pressure on

Europe’s woes put pressure on gold

Because of Germany’s weakening export driven economy and because German bonds are preferred by the European Central Bank, yields on the country’s 10-year bonds recently went negative.  Consequently, European bond investors, primarily made up of  banks and insurers that depend on income, have turned to US Treasuries.  This has resulted in upward pressure on the

Federal budget deficit widens

In the first seven months of this fiscal year, the federal budget deficit grew 38% over the same period last year.  The Treasury ran a $541 billion deficit from October through April, compared with $385 billion during the same period a year earlier.  Part of the increase was attributable to a shift in the timing

GDPNow 1.2%

The business channels were all aglow last week when the Bureau of Economic Analysis (BEA) reported that the Gross Domestic Product grew by 3.2% in the 1st quarter.  Trump supporters were ecstatic. However, yesterday GDPNow, an analysis based a methodology similar to the one used by the BEA, posted a projected increase of only 1.2%

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