Leaked documents reveal major flaws in the global effort to curb money laundering. Major international banks are in hot waters again. Confidential documents leaked to journalists show that some of ... Read More
There can be little doubt that macroeconomic policies are failing around the world. The fallacies being exposed are so entrenched that there are bound to be twists and ... Read More
Gold prices rebounded from a near two-week low hit earlier on Tuesday, after a sell-off in stock markets prompted investors to seek refuge in the safe haven metal. Spot ... Read More
For the past few years, the US financial system and the Fed have been playing a game of chicken in which the Fed tries to tighten (or at least ... Read More
In July 2020, a month marked by some relaxation of COVID-19 containment measures in many Member States, the euro area seasonally-adjusted unemployment rate was 7.9%, up from 7.7% in ... Read More
Socialism has moved on from the Marxist version of the state owning the means of production to one whereby production remains in the hands of individuals but are ... Read More
Sales of fancy color diamonds have again been too slow for trade body the FRCF to produce a quarterly price index. But it says it can see signs of ... Read More
In July 2020, a month in which COVID-19 containment measures continued to be lifted, the euro area annual inflation rate was 0.4% in July 2020, up from 0.3% in ... Read More
Back in the simpler days of 2019, there was this (now completely forgotten) impending crisis in which emerging market countries’ dollar-denominated debt was going to blow up their – ... Read More
Downturns in bank credit expansion always lead to systemic problems. We are on the edge of such a downturn, which thanks to everyone’s focus on the coronavirus, is ... Read More
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