CBS News published an article today stating the obvious. I found the following statement to be most interesting: "Still, the fastest growing sector of spending won’t be entitlement programs, according to the report: it will be the interest the government has to pay on its debt. The CBO flagged two explanations for that: “The first
Janet Yellen, Federal Reserve Chair, raised interest rates by .25% last week. The action was much anticipated by the market and the action was only the third time interest rates were raised in the last decade. The Fed has been very accommodating to the banks in response to the near global financial meltdown that took
US Appeals Court overturns Dismissal in Silver Rigging Case against JPMorgan. Last June, JPMorgan Chase & Co had won the dismissal of three private antitrust lawsuits, including from hedge fund manager Daniel Shak, accusing the largest U.S. bank of rigging a market for silver futures contracts traded on COMEX.The lawsuits accused JPMorgan of having in
The new administration is sending mixed signals regarding the "Strong Dollar" policy which has been in force for 20 years. While the policy may have served previous administrations well, it seems that there are opposing forces at work. Many of the administrations goals and objectives would support a stronger dollar yet make competitive trade overseas
The curtain has closed on 2016. Left in its wake is a world demanding change. No longer content to accept the status quo, the masses expressed their discontent through several very unexpected votes both in Europe and in the USA. The underlying global economy continues to struggle in direct opposition to the promise of renewed
Over the last several weeks there has been an increase in the spread between the gold spot price in Shanghai and London. Settlement in China is done with physical metal twice daily. Settlement in London is a paper transaction. The following article goes into much greater detail and clearly indicates that the trend is continuing.