In the event of a vote in favour of Brexit, The Governor of the Bank of England Dr. Mark Carney reassured the British public: “we will do everything in our power to discharge our responsibility to achieve monetary stability and financial stability…”
Carney intimated that “financial instability” and “poor economic outcomes” are associated with the Brexit process: a rather u...
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Jeff Gundlach says stay long gold and he also discussed why stocks are headed much lower. There is a note included from top Citi analyst Tom Fitzpatrick.
Here is a portion from Art Cashin’s note today: Gundlach On The Markets – Jeff Gundlach of DoubleLine Capital caused some ripples with a webcast he did yesterday. Here are some highlights from a Bloomberg piece on the webcast:
The...
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For an asset touted as a hedge against inflation, gold’s doing pretty well right now.
The metal is off to its best start to the year since 1974 even as expectations for gains in consumer prices are near their weakest since the global financial crisis seven years ago.
That’s odd. Gold has soared during times of high inflation in the past. In the lat...
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After taking a beating in January the S&P 500 has rebounded by about 5% in February, and this uptrend has continued into March. But before you think it's safe to jump back into long positions, it's important to realize why the market went down in the first place, and why February's rebound won't last.
In December of 2015, the Federal Reserve ended its Zero Interest Rate Policy (ZIRP). At tha...
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Gold is on fire.
Last week, the shiny metal officially entered a bull market, defined as a 20% rally off recent lows.
But investors aren’t the only ones feeling gold: central banks just can’t get enough of the shiny metal either.
According to the latest report from the World Gold Council, central banks added 336.2 tonnes of gold to their reserves in the second half of 2015, up...
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NEW YORK/LONDON, March 7 Gold rose on Monday, hovering just below last week's 13-month high as the U.S. dollar turned lower, while a fall in average U.S. earnings lessened expectations the Federal Reserve could raise interest rates at its next policy meeting.
Spot gold was up 0.6 percent at $1,266.70 an ounce by 3:12 p.m. EST (2012 GMT). The metal had peaked at $1,279.60 on Friday, its s...
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When you say “Independence Day” to most Americans, they think of the Fourth of July. That’s not true for the Federal Reserve. At the Fed, “Independence Day” is today, the fourth of March.
Unfortunately, this may be the Fed’s last “Independence Day” for a long time!
Why the fourth of March? On March 4, 1951, the Federal Reserve reached an agreement with the U.S. Treasury...
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Story Highlights
•Americans who don't have enough to live comfortably carry higher credit card balances
•Those who enjoy spending money more than saving money carry more credit card debt
•Student loan debt associated with highest level of indebtedness
The amount of debt Americans carry is staggering and grows every day.
A prior article explored the kinds and amounts of consumer d...
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There’s a lot of talk going around these days about “helicopter money.”
For those unfamiliar, it’s billed as a kind of last Keynesian resort when ZIRP, NIRP, and QE have all failed to boost aggregate demand and juice inflation.
For instance, HSBC said the following [15] late last month: “If central banks do not achieve their medium-term inflation targets through NIRP, they may h...
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