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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Central Bankers Are Going to Have a Hard Time Getting out of Their Mess
...adding central banks would struggle to tackle an inflation breakout.
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Mnuchin Says a Carbon Tax Is a “Tax on Hard Working People.”
'If you want to put a tax on people, go ahead': Lagarde and Mnuchin clash over energy transition...
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Economist Carmen Reinhart Says Economic Expansion Won’t Last Forever
“Maybe in five years we’ll not be talking about the sub-prime bubble, but the equity bubble.”
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U.S. Hits New Low in Global Corruption Index
The U.S. posted its worst result in at least eight years in a global corruption index, as special interests and growing threats to checks and balances made it more difficult to tackle graft.
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The Debate Is Over: In Two Months "Not QE" Officially Becomes QE 4
BMO says there are 75% odds that by mid-March, the Fed will need to start monetizing coupon bonds in addition to Bills, effectively transforming "Not QE" into QE 4.
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World's Richest Are Stashing 'Large Sums' Of Cash Against Negative Rates
Now that the Fed has finished with its 'midterm adjustment', no other central bank in the developed world is going to have the courage to lift rates off the zero bound, particularly as the Continental economy careens toward a recession.
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Mnuchin Says U.S. Government Must Cut Spending, Shrink Deficits
“There’s no question we need to slow down the rate of growth of government spending because we can’t sustain these deficits growing at these levels.”
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Rate Cuts Revive February Inflation Spike Fears in Argentina
Argentina’s central bank has slashed interest rates the most in the world in recent weeks, reviving concerns about an oft-repeated monetary policy misstep that triggers faster inflation in the country near the start of the year.
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India Needs Foreign Capital to Fund Record Borrowing, IDFC Says
A bond fund manager who correctly predicted that India’s central bank would introduce a U.S. Federal Reserve style Operation Twist, now says that the nation needs more foreign capital...
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A $46 Billion Bad Loan Mirage Hints at U.S. Bank Rule’s Flaw
An early warning system for bad bank loans is taking effect this year. Beware false alarms.U.S. banks are starting to book provisions for potential loan losses under a new system regulators devised eight years ago to avoid the kind of catastrophic surprise that caught the industry...
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U.S. Futures, Stocks Rise as Virus Fears on Hold
U.S. index futures edged higher while stocks jumped in Europe as investors digested the latest corporate news and economic data, setting aside for now fears over a deadly virus spreading from China.
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ECB's Knot Says Further Rate Cuts Would Have Less Impact
The European Central Bank could push its policy rate farther below zero but every further cut would have less of an impact on the economy as well as having large side effects...
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Deutsche Bank Sees ‘Sellers Market’ Continuing for European Debt
Central bank policies to prop up growth with cheap money have sent bond markets soaring in recent years, prompting many corporations to binge on debt at record low cost.
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China's Digital Yuan Help Countries Like North Korea Evade US Sanctions
The People's Bank of China is working on a digital yuan but has released very few details about the technology behind it or the timeline of its release.
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Japan Ruling Party Lawmakers to Float Idea of Issuing Digital Currency
The digital currency could be a joint initiative between the government and private companies that would put Japan in tune with global changes in financial technology...
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Gold Firms as Risk Appetite Wanes on Coronavirus Fears
Gold rose on Thursday as scaling concerns over a coronavirus outbreak in China and its impact on global economy soured sentiments for riskier assets, propping up demand for the safe-haven asset.
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5,000 Years of Interest Rates, Part II
The world is currently ensnared within history’s ninth rate depression cycle. This cycle began in the mid-1980s.
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George Soros Warns Trump of Potential Economic Doom Before Election
"An overheated economy can't be kept boiling for too long," Soros warned from Davos.
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The World Could Have Just 5 or 6 Currencies by 2040
There are more than 100 recognized currencies in the world at present.
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Former Wells Fargo CEO Stumpf to Pay $17.5 Million Over Sales Scandal
The U.S. government announced that former Wells Fargo CEO John Stumpf is barred from ever working at a bank and will pay $17.5 million in connection to scandals at Wells.
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