Tag Archives: economy

Submitted by Ronan Manly, BullionStar.com The European Central Bank (ECB), creator of the Euro, currently claims to hold 504.8 tonnes of gold reserves. These gold holdings are reflected on the ECB balance sheet and arose from transfers made to the ECB by Euro member national central banks, mainly in January 1999 at the birth of the Euro. As of the end of December 2015, these ECB gold reserves were valued on the ECB...

In the latest report from ADM ISI’s strategy team, “Dollar Liquidity Threat is Getting Critical and Fed is M.I.A.”, Paul Mylchreest argues that mainstream economic luminaries (like Carmen Reinhart) are finally acknowledging the evolving crisis due to the dollar shortage outside the US, a topic which even the head researcher at the BIS shone a spotlight on yesterday suggesting that the strength of the dollar, not the VIX...

By Chris at www.CapitalistExploits.at Last week I jumped on a call with an old friend Thomas Hugger who I hadn't spoken with in months. I recorded the call for your enjoyment but first a quick bit of background to Thomas. Thomas is a Swiss fund manager living and working in Asian frontier markets such as Vietnam, Bangladesh, and Cambodia, which is a bit like taking a Rolls Royce through the Gobi desert if you think about it. The Swiss after all are everything that frontier markets...

[See also The Numbers Show Trump Win NOT Due to Racism and Sexism]   You can only understand the victory of Donald Trump and Brexit once you understand the failure of globalization … Trump Trump made rejection of globalization a centerpiece of his campaign. In his July 21st acceptance speech as the Republican nominee, he said: Americanism, not globalism, will be our credo. The Boston Globe bannered this headline on Thursday:  “Trump won. Globalization lost. Now...

Via HowMuch.net, We have created a map which shows the per-capita GDP based upon the type of government in a country. The larger the country appears on the map, the higher the GDP per capita. GDP for Republics The map above shows the GDP per capita of countries with the republic form of government in red, including the United States. Among countries with this form of government, Singapore has the highest GDP per capita...

Gold futures had their heaviest day of trading during April 2013 when a mysterious flash crash sent the precious metal collapsing with no clear fundamental/news catalyst. In June, Brexit sparked massive volume buying in the barbarous relic, but overnight, as a Trump victory became more and more of a reality, gold futures are approaching their busiest day ever. As Bloomberg notes, that’s triple the full-day average this...

Submitted by John Rubino via DollarCollapse.com, At first, the idea of central banks intervening in the equity markets was probably seen even by its fans as a temporary measure. But that’s not how government power grabs work. Control once acquired is hard for politicians and their bureaucrats to give up. Which means recent events are completely predictable: SNB’s U.S. Stock Holdings Hit $62.4 Billion...

By EconMatters We focus on the Election effects regarding the major currency pairs and the US Dollar in this video. Check out the Swiss Franc and the Mexican Peso Price Action after the election. This election has probably been great for CNN`s ratings, that would be a short after the election cycle is over. [embedded content] Related posts: October...

And so it begins. Even before the Brexit vote, corporate profits in the U.K. were already under pressure from a combination of sluggish global growth and rising wages. But now, several weeks after referendum, business confidence in the U.K. is officially cratering. Credit Suisse’s Global Markets team expects corporate pessimism to ultimately translate into reduced investment and hiring, and the combination of rising unemployment and a weaker pound to squeeze household income. With uncertainty...

The Federal Reserve is expected to keep monetary policy unchanged over the next few months as the central bank continues to assess the underlying strength of the U.S. economy, especially after the Brexit vote raised concerns that a potential slowdown in the U.K. economy could have a significant spillover effect globally.   Credit Suisse’s Global Markets team believes that the vote has, in fact, exacerbated some tendencies within the Fed that were in place long before Britain’s June 23...