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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Why The Measure Of "Savings" Is Entirely Wrong
The problem today is not that people are not “saving more money,” they are just spending less as weak wage growth, an inability to access additional leverage, and a need to maintain debt service restricts spending...
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Japan Extends Lead On China as Top Foreign Holder of Treasuries
Japan remained the biggest foreign owner of U.S. Treasuries in August as China’s holdings continued to drop.
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Profit Warnings Plague Corporate China as Economy Worsens
After a bleak first half for corporate earnings in China, the current reporting season is bringing more grim news.About 44% of more than 1,200 firms that have given profit guidance for the third quarter predicted worse earnings than from a year earlier,...
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America 2020 Through 2040...The Era Of The 80+ Year-Old
The implication for future employment is a drastic 70% deceleration of potential employment growth over the next two decades.
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California Is in Big Trouble Again
Ten to 15 years ago, pundits liked to speculate that California was on the verge of becoming a failed state.
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Negative Interest Rates Can Boost the Economy, Fed Paper Says
A recession could theoretically prompt the Fed to eventually send rates into negative territory.
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A Former Credit Suisse Banker Kept $45 Million in Bribes Hidden
Ex-Credit Suisse banker Andrew Pearse told a Brooklyn, New York jury Wednesday he hid $45 million in bribes for helping Mozambican businesses secure $2 bi...
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Federal Debt Up $1.2 Trillion in FY 2019
The federal debt increased by $1,203,343,570,253.55 in fiscal 2019, according to data released by the U.S. Treasury Department. Borrowed $9,432 Per U.S. Household
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Gold Prices Bounce as Investors Weigh Tentative Brexit Pact
Brett uncertainty, weak U.S. economic data support haven buying...
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US Industrial Production Shrinks YoY For First Time Since Trump Elected
...US manufacturing output contracted 0.5% MoM in September (worse than the 0.3% decline expected), likely depressed by an autoworkers’ strike at GM, sluggish global demand, and the trade war.
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Fed Injects $104.2BN Via Overnight, Term Repos "Not A QE"
Why are banks so scared of lending money to each other - now that JPM's previously discussed reticence is also spreading to smaller banks - and choose to park their money with the Fed instead? What do they know that we don't.
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Housing Starts, Permits Plunge In September
The report reflects some cooling as starts pull back from the best pace since 2007 the prior month.
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German Government Cuts 2020 Growth Forecast as Slowdown Persists
Chancellor Angela Merkel’s government cut its 2020 growth forecast as Europe’s biggest economy expects the pinch from waning global demand...
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IMF: The World's Financial System Is Even More Destructive Than in 2008
The Telegraph: The world’s financial system is more stretched, unstable, and dangerous than it was on the eve of the Lehman crisis.
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The Greatest U.S. Dollar Squeeze is ‘Loading’
According to some analysts the trade war is a distraction from what's actually going on, which is a U.S. Dollar shortage globally.
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The World Is Slowing Like in 2008, but Without the Collective Response
India’s Finance Minister warned about a repeat of the 2008 financial crisis in the face of a global economic slowdown, saying that governments had yet to find a synchronized “planned” response to a pullback in major economies.
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'Addiction' to Cheap Money Will Do 'Tremendous Damage' to Global Economy
Central banks around the world are increasingly lowering rates, or moving to negative rates, and analysts warn this could damage the global economy.
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The Federal Reserve Could Soon Pause in Its Latest Rate Cutting Cycle
Depending on economic data and developments in trade talks, the pause could happen at, or more likely, after the Oct. 29-30 meeting.
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Dollar Pinned near One-Month Lows on Weak Data
The dollar held near a one-month low against its rivals on Thursday as weak data...
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Norway's Currency Weakens to Record Low Against Euro
Some analysts blame the currency’s recent weakness on global trade jitters, while others said the speed and magnitude of the drop were hard to explain.
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