Search Results for: interest rates

Our problem is the Federal Reserve – David Stockman

Former OMB boss David Stockman told CNBC that Romney’s vision of capitalism is not possible if the Federal Reserve continues to run the economy. Stockman said the only candidate that had it right was Ron Paul. “He was the only one that had it right about the Fed,” Stockman said. …

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US economy moves toward recession as eurozone crisis widens

Recession

Federal Reserve chair Janet Yellen may have missed her window of opportunity to raise interest rates. The economic data no longer paint a picture of even a tepid recovery. Since the start of the year, key indicators for the economy began pointing toward recession. Add to that the recent Eurozone …

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A Personal Loan for Holiday Shopping; What You Should Consider

The holidays are an exciting time of the year. Families set up Christmas trees. They decorate their homes with tinsel and lights. Christmas music plays everywhere. Families attend night church services featuring Christmas carols and children’s plays. These are all exciting, but nothing beats the biggest activity of the season; …

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8 signs the system is broken

Here are a few interesting tidbits to chew on: 1) In the land of the free, there are now more than 760 incarcerated inmates for every 100,000 citizens. This is more than 5x the 1980 average, and it far surpasses the number (560 per 100,000) that Stalin threw in the Gulag …

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IMF downgrades global growth outlook, lowest since financial crisis

Lagarde IMF National Press Club economic growth

The International Monetary Fund (IMF) has downgraded its forecast for global economic growth for the fourth time this year, reducing the figure to 3.1 percent from the 3.3 percent estimate in July. Modest growth pickup could occur in advanced economies, along with the slowdown in emerging markets, according to IMF. …

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China’s central bank to inject $81b stimulus into top 5 banks

Chinese central bank

China‘s central bank is injecting 500 billion yuan ($81 billion) into the country’s five major state-owned banks as it moves to counter slower-than-expected growth in the world’s No. 2 economy, according to a senior Chinese banking executive. The move contributed to a rise in Asian markets early Wednesday, but falls …

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World economy is so damaged it needs permanent money printing

USD money printing dollar

Combined tightening by the United States and China has done its worst. Global liquidity is evaporating. What looked liked a gentle tap on the brakes by the two monetary superpowers has proved too much for a fragile world economy, still locked in “secular stagnation”. The latest investor survey by Bank …

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Will Bond Indexing Topple Foreign Exchange Market Transactions

Investors frequently include foreign or international bonds in their portfolios for two important reasons; to benefit from the higher interest rates and to diversify their assets. Bond index finds present the simplest and most efficient way to invest in foreign bonds. Also known as bond indexing, the technique is cost-effective …

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CNBC admits central banks rule the world

world with money

It’s a central bankers’ world, and we’re all just living in it. Entities such as the Federal Reserve and the European Central Bank in 2012 took control of global economies like never before. Based on current market and economic behavior it’s likely to be years before anything changes. After all, …

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UK Authorities Guard Against Rising Credit Card Debt

A shocking statistic has filtered through markets in the United Kingdom: the country is faced with £68 billion in outstanding credit card debt. Credit card debt has risen sharply since 2007 when it was around £55 billion. The steepest rise took place between 2014 and the present day. Of course, …

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Spotting predatory car loans

As despicable as it seems, some people make their living taking advantage of financially vulnerable members of society. If you think your high credit score renders you invulnerable to the machinations of these individuals, think again. Spotting predatory car loans is just as critical for the well heeled as it …

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Business Owners: The Pros and Cons of Line of Credit VS Business Loans

line-of-credit

Business owners are bound to find themselves in a cash crunch occasionally even if they are dogged disciples of financial prudency. An accident might foist an emergency need to purchase equipment or inventory on you. You might have accounts receivable that didn’t materialize in good time, you might find an …

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Six banks fined $5.8 billion for market rigging

Citi JPMorgan Barclays RBS UBS

Editor’s note: these banks made billions more from their crimes, let alone received billions of $ in bailouts which the tax payers funded. So will we receive this money? Will any of these bankers ever go to jail for their crimes? If you or I committed the crimes that these bankers are guilty of we would …

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Morgan Stanley: Australia needs stimulus to avoid recession

Australian dollar economy

Australia could face its first recession in almost 25 years unless authorities further stimulate the economy, Morgan Stanley said. The nation’s economy will expand just 1.9 percent in 2015, with 1.5 percentage points of that coming from higher exports, and unemployment will climb to 6.8 percent, Morgan Stanley economists led by Daniel …

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Russia rapidly increases its gold reserves

Gold reserves Russia

Russia’s appetite for gold accelerated last month, with the country adding the most to its reserves since at least March. The nation increased holdings to 42.4 million ounces from 41.4 million ounces in July, the central bank said on its website Friday. The amount bought was about the same as the 30.5 …

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Fed Vice Chair says bankers should be punished for financial crimes

Federal Reserve Vice Chairman Stanley Fischer

Federal Reserve Vice Chairman Stanley Fischer said bankers who have engaged in wrongdoing should be punished, and he chided the industry for pushing back against financial regulations adopted to prevent another conflagration. “Individuals should be punished for any misconduct they personally engaged in,” Fischer said in a speech to bankers …

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The War on Cash advances

War on cash

The War on Cash is advancing on all fronts. One region that has hogged the headlines with its war against physical currency is Scandinavia. Sweden became the first country to enlist its own citizens as largely willing guinea pigs in a dystopian economic experiment: negative interest rates in a cashless …

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Financial elite gather in Davos to discuss the coming collapse

Markets Davos

From Filip Karinja, for Birch Gold Group Some of the most powerful people on the planet are currently meeting in Davos, Switzerland, at the annual World Economic Forum, to discuss the fate of the global economy. This year, the big 4 topics for discussion are (1) technology replacing workers through automation, (2) China’s slowing economy …

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Stock market set for more volatility as China dumps US bonds

Stock market volatility US

From Filip Karinja, for Birch Gold Group Stock markets around the world faced immense volatility this past week. To begin the week, Wall Street was down 1,000 points on Monday’s opening bell. And trading in the single session was halted 1,200 times alone! In a market that typically only experiences a handful of halts per …

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