The Fed knows that the US economic recovery remains very fragile which is why it has completely backtracked on talk of reducing its asset purchases. The fact is QE will go on until the market, not government, puts a stop to it.
Wholesale gold bullion prices fell to three week lows around $1410 an ounce Wednesday, as European stock markets ticked higher, reversing earlier losses following disappointing Eurozone growth data. Gold in Euros fell as low as €1094 an ounce, while gold in Sterling fell below £930 an ounce.
Economist Robert J. Samuelson just published an unintentionally funny article in Capital Journal on the bemusement today’s economists feel after being wrong about virtually everything for the past decade.
The price of gold held onto most of yesterday’s $15 jump at $1676 per ounce Thursday morning in London, ticking back as Asian and European stock markets fell after Wednesday’s surprise drop in US economic output figures.
A growing number of market analysts are predicting that the US economy is heading for recession and that stocks have begun a new bear market. Despite all the doom & gloom however, the energy sector still looks attractive.
The majority of politicians and economists believe the financial crisis is behind us and that we’re on the road to recovery. Overdose: The Next Financial Crisis is an award winning documentary that tells the story of the greatest economic crisis of our age – the one that awaits us.
This article explores Mervyn King’s “paradox of policy” which describes policymaker’s need to balance short-term economic stimuli, with a long-term desire to transition to a truly healthy economy. It also assesses how far Britain has progressed in this transition.
In his latest article Ron Hera discusses four scenarios in which the US dollar and financial system could collapse. Ron argues that financial crime undermines confidence and trust in the basic system and, once lost, the system can no longer be bailed out.
It is because so many people attribute the global financial crisis and subsequent economic downturn to the failure of capitalism that we are moving resolutely in the direction of socialism. The fact that we didn’t have capitalism doesn’t seem to matter to most people.