Mario Draghi, governor of the European Central Bank threw a lifeline to beleaguered markets overnight by promising to expand the ECB’s quantitative easing program should the need arise in order to revive confidence in European economies and financial markets. Draghi backed up his words by expanding the amount of debt issued by European governments that … Continue reading Europe primes itself for more QE
August proved to be an awful month for global stock markets as a deteriorating economic picture in China, slumping commodity prices, and the potential for a rate hike by the Federal Reserve all weighed heavily on investor confidence. Despite initial defiance, the combination of these fears proved too much for Wall Street to overcome with … Continue reading Worst month for stocks in over 5 years
The purity of precious metal is measured in parts per thousand and is called its “fineness.” This is the proportion of pure precious metal actually contained in the refined product versus its remaining alloys. For example, a gold bar that is .9999 fine is 99.99% pure gold and referred to as “four nines” gold. (This … Continue reading What should I know about the “fineness” and “purity” of Gold Coins?
Stock Markets around the world have been imploding in recent days, with US markets enduring their worst week in over four years as investors scrambled to unload positions on fears of a full blown, China led recession. The ripple effects from the shock currency devaluation introduced by Chinese authorities two weeks ago are still being … Continue reading Global Markets endure their worst week in 4 years
Contrary to the barrage of negative economic data being released on a seemingly daily basis from China, Europe, and a large part of the developing world, the housing market in the United States is showing signs of a resurgence, with recent data suggesting that sales of existing homes in july climbed to their highest … Continue reading Housing Bubble 2.0?
U.S consumer prices rose modestly in July according to the latest data release from the Bureau of Labor and statistics, with headline inflation rising a timid 0.1 percent compared with the 0.3 percent gain in June. The rate of annualized inflation now stands at 0.2%, well short of the Federal Reserve’s target of 2% and … Continue reading Tame inflation numbers put rate hike in further doubt
Manufacturing data from New York released earlier today paints a brutal picture of the slowdown which is currently taking root in the US economy. The latest report, commissioned by the Federal Reserve Bank of New York, revealed a activity in the region had slumped at the fastest pace since the height of the subprime turmoil … Continue reading The End of the Candy Floss Economy
The rising cost of rent is starting to become one of the biggest challenges that average working class and middle class families are having to face. Despite assurances from the Federal Reserve that inflation remains subdued (and for cheap quality use once and throw away goods this is probably true), the cost of essential services … Continue reading I’m glad inflation is under control because I can’t afford my rent!
When savers and investors seek alternatives to the US Dollar, precious metals are often their first port of call due to the tremendous store of value and inflation fighting properties which they possess. Gold above all, is the most coveted of the precious metals, but in a scenario of total economic collapse, many people believe … Continue reading Junk Silver: Half Dollars worth more than 10 times its face value?
As if the deck wasn’t already severely stacked against the average investor, new criminal fraud charges have been brought against 32 global investors by the DOJ for hacking Dow Jones Newswires which shed new light on a growing business for criminal investors – inside information. As part of the scheme, a group of Ukrainian hackers … Continue reading Hacking, Inside Information and the increasingly rigged wall street game