All posts
China urges ditching dollar & euro trade with Russia in favor of national currencies
There is no need for Russian and Chinese businesses to pay each other in dollars and euros, when they can settle in rubles and yuan, according to Zhou Liqun, chairman of the Union of Chinese Entrepreneurs in Russia.
Markets Better Prepare for Stagflation
By all metrics, inflation is heating up. But it’s not clear the same can said for underlying economic activity.
Russia makes billions after US sanctions turn ruble to rubble
The latest US sanctions, which sent the Russian currency to its steepest drop in the past three years, surprisingly helped to boost the country’s budget with an extra 232 billion rubles ($3.8 billion).
Gold bullion to rally on weaker dollar, rising US inflation & deficit
The second quarter expects to see another gold rally pushed by strong physical demand and the weaker US dollar, according to Boris Mikanikrezai, precious and base metals strategist at Metal Bulletin.
European markets set to rally amid earnings; oil prices hit multi-year highs
European markets are set to rise on Thursday morning, as soaring oil prices triggered a broader rally across commodities.
James RICKARDS : The Empire State Moves Against Bitcoin
Bitcoin got hammered yesterday after New York Attorney General Eric Schneiderman announced an investigation into some of the major cryptocurrency exchanges.
Oil prices rise on crude supply worry, Wall Street strength
Oil prices rose on Tuesday, as support from the possibility of supply disruptions and a strong equities market offset the effects of profit-taking following last week's rally above three-year highs.
IMF says global economy will slow after 2019
The global economy is still on an upswing, but the good times may not last beyond the next year or two.
China central bank announces surprise cut in bank reserve requirements
China's central bank said on Tuesday it will cut the amount of cash most commercial and foreign banks.
Bear Markets Can Steal 50% Of Your Gains
Retail investors and the financial press only recently started to worry about bear markets after stocks have already experienced a substantial decline.