This past weekend saw a major successful attack on Saudi Arabia's oil production facilities and one of its largest oil fields. It resulted in over five million barrels of oil exports being taken offline. The most severe sudden...
This week saw the announcement that China has increased its gold reserves by 5.91 more tons for the month of August. The new figures mean that their aggregate official gold buys for year 2019 are...
This past week saw two key pieces of news released in the U.S. On the one hand, the Federal Reserve has purchased a substantial amount of Treasuries for its first time in nearly five years. In the...
This past week saw a scathing attack on the U.S. dollar from America's closest ally. Bank of England Governor Mark Carney became the latest key policy making figure to suggest putting a system into place that...
This week on Thursday saw the the main Treasuries yield curve fall below 50, signalling recession. It means that the 10 year Treasury benchmark note was trading for less than the rate of the two year notes....
This week the Daily Telegraph newspaper reported that the European Union now believes that Britain will depart from the EU block with no deal. Up till now, this had not been the working expectation on the continent....
Last week saw the Federal Reserve cut interest rates for the first time since 2008. It was not solely a U.S. action. This week so far, New Zealand, India, and Thailand have also slashed their interest...
Last Friday saw the release of the second quarter GDP estimate from the government. On the surface the figure did not appear too bad. Growth in the U.S. economy decreased to 2.1 percent. The number was still...
This past week there were two important news stories regarding Chinese activities that are threatening U.S. treasuries and markets. Data released from the U.S. Treasury Department in the last week showed that China dumped U.S. Treasuries...
This past week saw warnings emerge on two critical economic areas of the world. Throughout both Europe and Asia, total factory activity declined for June. Meanwhile the United States demonstrated only a little bit of economic...
Another unfortunate financial milestone has just been reached with regards to American consumer debt, and it has some economists increasingly worried. For the month of April, the most recent Federal Reserve Consumer Credit Report revealed that...
As the trade war rages on between the U.S. and China, it is important to know that China has recently worked out a way to avoid being reliant on U.S. dollars for its enormous oil imports. This...
This past week, Portugal has taken a huge leap and become the first country in the euro zone to issue bonds denominated in China's own currency the yuan. The "Panda" bonds (what economists call yuan denominated debt...
The latest statistics are out for central bank gold purchasing, and they show that Russia has yet again increased its substantial and expanding gold reserves for the month of April. Moscow grabbed up another 15.55...
A year ago you saw two unlikely coalition partners form a government in financially troubled Italy. This unusual alliance between the anti establishment party Five Star Movement (M5S) and the right wing Lega had people talking from the...
This last week and over the weekend, it became clear that U.S. President Trump was not engaging in the "art of the bluff" when he increased duties on a wide assortment of Chinese goods worth $200 billion...
Since the year began you have watched oil prices really soar. This has been supported by a number of factors, including OPEC cutting supplies, additional fighting in Libya, and American sanctions against both OPEC nations Iran...
This past week the news emerged that vehicle sales throughout China declined by a painful three percent for 2018 in the Middle Kingdom. This represented the very first such drop in Chinese auto sales in approximately two decades. Worse still, analysts claim this is only...
This past week witnessed the 20 year anniversary of the greatest currency sharing experiment in history--- the Euro. The only way to appropriately describe this monetary foray so far is with a Dickens' classic line, "It was the best of times, it was the worst...
December marked the largest single month funds transfer into bonds according to a closely watched report from Bank of America Merrill Lynch. It was yet another signal of smart money investors fleeing the stock market in an...
