Search Results for: Fed
China or US?
September 9th, 2019
China has made some silly errors in its conflict with the US, reflecting the arrogance that often afflicts every state actor. But the appearance that China is being backed into a corner over Huawei, trade tariffs and Hong ...
U.S. stocks advanced; Shares in Hong Kong leaped the most since 2018; Euro to Dollar gained
September 4th, 2019
U.S. stocks advanced as a broad easing of risks across the globe gave investors a reprieve. Treasuries and the dollar declined. The S&P 500 rebounded from Tuesday’s losses along with European and Asian shares as political tensions appeared to ...
Alert! Individuals and entities charged with fraud in Binary Options trading scheme
September 3rd, 2019
The U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U.S. District Court for the Northern District of Illinois charging five entities and four individuals with fraud relating to a global retail binary options enterprise ...
Negative interest rates and gold
August 30th, 2019
The reason for persistent strength in the price of gold can be found in the changing relationship between time preference for monetary gold, and a new round of interest rate suppression for the dollar. Evidence mounts that the ...
Germany to cut corporate tax for SMEs
August 30th, 2019
On August 29, 2019, German Economy Minister Peter Altmaier announced the outlines of a plan to reduce the tax and regulatory burden on small and medium-sized companies in Germany. In presenting the SME Strategy, Altmaier proposed reducing the tax ...
Our costly dalliance with Lord Keynes
August 28th, 2019
In “The General Theory of Employment, Interest and Money”, Keynes virtually created macroeconomics. But Keynes was a mathematician, not an economist, and did not fully understand free markets, so he was hardly qualified to emerge as the most ...
Inflationary financing and GDP
August 16th, 2019
This article demonstrates that only government borrowing in the US and UK drives GDP growth. This surprising conclusion is confirmed by long-run statistics. GDP does not represent economic progress, nor does it include the expansion of activity in ...
European shares joined a China-driven global sell-off on Monday
August 5th, 2019
European shares joined a China-driven global sell-off on Monday, dragged down heavily by commodity-linked stocks as anxiety over trade frictions with the United States sent the country’s yuan below 7 per dollar for the first time in a decade. ...
The reasoning behind Gold’s breakout
August 1st, 2019
Gold’s dramatic move above $1400 has caught the investment establishment by surprise. Physical gold ETFs, as a proxy for direct portfolio investment, amount to only 0.05% of the estimated $250 trillion of global investment values. As well as ...
Currencies Update: Buoyed dollar sends euro, sterling to 2 1/2-year lows
August 1st, 2019
Gains by the dollar after the Federal Reserve cut interest rates sent the euro to a 26-month low against the U.S. currency on Thursday, as investors decided a lengthy Fed easing cycle was unlikely after the first rate cut ...
