Twenty-five years ago, on December 15, 1995, the fifteen heads of state and government of the then EU decided at a council meeting in Madrid to name the future common currency the « euro » and to introduce it from January 1, 1999, initially as a book currency at a fixed exchange rate.
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The European ruling class is salivating over the prospects of a Harris/Biden presidency. The bureaucrats who run the European Union and the globalists behind them are cocksure that with Donald Trump gone, things will return to the comfortable pre-Trump days. Daddy Yankee will again uncomplainingly throw a protective blanket of security over Europe and in his benevolence turn a blind eye to the unfair trade arrangements that benefit Europe so.
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Speaking at the New York Times’ DealBook Online Summit on Tuesday morning, SoftBank CEO Masa Son warns about the possibility of an impending « disaster » that could tank global markets in the coming months as the second wave of the virus pandemic intensifies.
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The Office of the Comptroller of the Currency (OCC) acting head Brian Brooks said banks should not use the cover
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The U.S. economy grew by 4.1 percent during the past quarter, and that’s good news. All the economic signs are positive. Or are they?
There is much less discussion about debt, which has hit another record high. The global debt just reached $247 trillion for the first quarter of this year.
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The measures implemented by governments in the Eurozone have one common denominator: A massive increase in debt from governments and the private sector. Loans lead the stimulus packages from Germany to Spain. The objective is to give firms and families some leverage to pass the bad months of the confinement and allow the economy to recover strongly in the third and fourth quarter. This bet on a speedy recovery may put the troubled European banking sector in a difficult situation.
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Today Bank of America published its eighth annual Gold and Gold industry primer, and extremely useful report chock full of information including sections on economic drivers, gold supply and demand trends, industry fundamentals and sector valuations. But the main reason why this year’s edition is remarkable, is because with gold trading at $1,770, it is just $100 away from its record hit in Sept 2011, an all time high price which even the skeptics say will be in the rear-view mirror in short notice as a result of the insanity taking place with central bank money printers.
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Three things are guaranteed: death, taxes and French banks, the world’s so-called « derivative gurus », losing boatloads of money any time
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Over 30% Of US Renters Didn’t Pay April Apartment Rent
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While the demand for gold has been soaring as a safe haven asset amid the multiple global crises we are
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As social gatherings are limited and businesses shutter operations to reduce the spread of COVID-19, millions of Americans could be
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While this week had many superlatives – like being the fastest collapse from peak to bear market ever, fastest credit
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Unlike in the 2008 financial crisis when a glut of subprime debt, layered with trillions in CDOs and CDO squareds,
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While the size of the decline overall is not as bad as during the great financial crisis, the velocity of
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The US equity market is suffering its worst start to a year since 2009… In the space of just six
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Which will outperform in 2020? Gold? Or Equities? Peter Schiff joined a moderated debate on the subject at the Orlando
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In his most recent podcast, Peter Schiff talked about coronavirus and the impact that it is having on the markets.
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31 years ago, the Japanese stock market hit a record high. It remains 38% below that high (not adjusted for
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China and the US have enjoyed two decades of increasing trade flows that have jumped from $61 billion a year
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