With central bankers losing credibility left and right, and failing outright to boost the "wealth effect" no matter what they throw at it, the next big question is when will central planners around the world unveil the cashless society which is a
Jim Grant appeared on CNBC's Closing Bell and unhesitatingly said he thinks the US economy has already gone into recession: I think we are in one…I think there's a defensible case to be made that a recession began late last year."
(Reuters) - U.S. stock indexes plummeted on Thursday morning as investors spooked by the health of the global economy jettisoned stocks and fled to safe-haven assets.
But before we go there, I also want to note that today is Iowa, and so we're about to turn a big corner in what is fast becoming one of the wackiest years in American political history. I'm going to sit down tonight after the caucus results come
On Tuesday junk bonds continued to crash, the price of oil briefly dipped below 28 dollars a barrel, Deutsche Bank was forced to deny that it is on the verge of collapse, but the biggest news was what happened in Japan.
There is so much chaos going on that I don't even know where to start. For a very long time I have been warning my readers that a major banking collapse was coming to Europe, and now it is finally unfolding.
Deutsche Bank AG shares jumped the most in almost seven years and credit risk fell as Germany's biggest bank considers a bond buyback to help ease investor concerns about its funds, according to a person with knowledge of the matter.
Back in November, Nils Smedegaard Andersen, CEO of Maersk, the world's largest shipping company, gave the world a reality check when it comes to global growth and trade.
The Federal Reserve will slash interest rates and the United States economy is on the cusp of a recession, says Peter Schiff, president and CEO of Euro Pacific Capital, in a new YouTube video.
and Eliminating Cash. More than one-fifth of the world's total GDP is in countries which have imposed negative interest rates, including Japan, the EU, Denmark, Switzerland and Sweden. Negative interest rates are spreading worldwide.
It all started in mid/late 2014, when the first whispers of a Fed rate hike emerged, which in turn led to relentless increase in the value of the US dollar and the plunge in the price of oil and all commodities, unleashing the worst commodity bear ma
Last Thursday when we recounted the story of how Venezuela is now literally flying in paper money (using three dozen cargo Boeing 747s), we wrote that "Venezuela's hyperinflation, already tentatively estimated at 720%, will likely add on a few (hundr
As we previewed on Thursday, the biggest event of the week, and perhaps of the month, was not Friday's nonfarm payroll report, but the January update of China's FX reserves, which the PBOC released last night.
While the primary topic of Albert Edwards' most recent note is the question how long China can sustain its FX intervention before tapping out and letting the hedge funds win with their short Yuan bets once total reserves drop below the critical redli
WASHINGTON (MarketWatch) -- The nation's trade deficit rose 2.7% in December as exports fell again, capping the first year since 2009 in which U.S. exports have declined.
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