NEWS
Gold and silver market moving news, curated from the best of GoldSilver's team and around the web. Check back often for updates, or subscribe to get the highlights in your inbox.
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Mish Shedlock: Modern Monetary Theory Is Total Nonsense
"Governments need to borrow £11 trillion on financial markets this year, breaking the £10.9 trillion record set in the recession-fighting spending spree at the height of the financial crisis."
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Gold Traders' Report - February 12, 2019
Gold climbed higher overnight in a range of $1306.55 - $1314.80, continuing to rebound off of the double bottom reached yesterday at $1303-04. It dipped to its $1306.55 low during early Asian time off of the news that US...
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Gold’s Surge Has Been Disguised by the Strong Dollar
Gold has seen a widespread, strong, and sustained value appreciation around the globe against 72 currencies in the past two decades...
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The Curse of Cash and the Allure of Gold
In his book The Curse of Cash, leading economist Ken Rogoff suggests that excessive reliance on paper money is responsible for ills ranging from tax evasion to terrorism.
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China Scoops up More Gold for Reserves as Global Risks Mount
While China’s holdings are the sixth largest by country, they account for only 2.4 percent of reserves, compared with more than 70 percent in Germany and the US
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Household Debt Closes 2018 at $13.54 Trillion
The total is now $869 billion higher than the previous peak of $12.68 trillion in the third quarter of 2008 and 21.4 percent above the post-financial-crisis trough reached in the second quarter of 2013.
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We're Overdue for a Sell-Everything/No-Fed-Rescue Recession
Charles Hugh Smith: The Fed will only make worse by pursuing its usual policies of lowering interest rates and goosing easy money.
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Investors Take Biggest Cash Position in a Decade Despite Market Rally
The fourth-quarter stock market meltdown continued to reverberate with investors in January.
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Bond Funds Are “Potential Source of Financial Instability,”
Fitch Warns These Bond Funds Could Trigger a Financial Crisis After Years of Global QE and Low Interest Rates
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Rate Hikes off the Table?
It is critical to keep in mind that monetary policy changes impact the real economy at a lag of several quarters. So the tightening cycle that ran from December 2015 to December 2018 will continue…
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Loose Lending Keeps Japan's 'Zombies' Shambling Along
Ultralow rates and tough competition force banks to take more risks...
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Why Unwinding QE Is Turning out to Be the Hard Part
In January the US Fed put on hold its previously flagged program of rate rises and gradual balance sheet reduction. Mario Draghi laid the groundwork for doing the same in Europe.
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$11 Trillion Debt Wave Shows MMT Doesn't Work
Governments need to borrow $11 trillion on financial markets this year, breaking the $10.9 trillion record set in the recession-fighting spending spree at the height of the financial crisis.
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The U.S. Cut Taxes. Why Will Fewer Folks Get Refunds?
The explanation rests with the many other changes that made it into the revised tax code. Some Americans are venting their surprise and anger.
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Married Couples Living with Roommates Has Doubled Since 1995
West Coast real estate is now so expensive that married couples are moving in with multiple roommates
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Stocks Rally on Tentative Deal to Avert Another Government Shutdown
U.S. stocks gain Tuesday after lawmakers reached a tentative deal to prevent a government shutdown and as optimism grew over a potential trade deal between the U.S. and China.
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Deutsche Bank to Pay $60 Million to Settle U.S. Gold Price-Fixing Case
Deutsche Bank AG has agreed to pay $60 million to settle private U.S. antitrust litigation by traders & other investors who accused the German bank of conspiring to manipulate gold prices
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Deutsche Bank to Pay $38 Million in U.S. Silver Price-Fixing Case
Deutsche Bank has agreed to pay $38 million to settle U.S. litigation over allegations it illegally conspired with other banks to fix silver prices at the expense of investors
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To Put It Mildly: Bank of England Says World Finances in "Delicate Equilibrium"
File under "S**t, No, Sherlock". Leave it to the Bank of England to use big words, say nothing important, and bite their nails while doing nothing to fix the problem.
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Vanguard Funds: US Stock Market Will Underperform for the Next Decade
"If we look forward for the next 10 years, our expectations around U.S. equity markets is for about a 5 percent median annualized return."
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