Silver as an investment

Category Archives: G-7

Dear Justin Trudeau: Selfies Won’t Cut It

Dear Justin Trudeau: Selfies Won’t Cut It Written by Peter Diekmeyer, Sprott Money News     When Justin Trudeau took office as Prime Minister two years ago, he also took on the Minister of Youth portfolio. It was a tough assignment, atop a government infrastructure designed from its core to disregard the interests of Canadian […]

Cable Drops Back Below 1.35 After Carney Walks Back Rate-Hike Comments

Having sent cable 4 big figures higher after his hawkish comments last week, BoE Governor Carney is out desperate to reassure markets he won’t break anything by explaining that any rate hikes will be “limited and gradual.” Cable has started to leak lower on the headlines… “There remain considerable risks to the U.K. outlook,” he […]

Loonie Spikes After Canada’s Best First-Half Economic Growth In 15 Years

Thanks to a surge in government spending in Q2, Canada's GDP grew at 4.5% SAAR. This is the best growth since Q3 2011 and is the best growth of all G-7 nations in Q2. This is higher than the highest economist estimate… Bloomberg reports that Canada’s consumers, benefiting from a buoyant jobs market and rising […]

Nomi Prins: A Decade Of G7 Central Bank Collusion… And Counting

Authored by Nomi Prins, Since late 2007, the Federal Reserve has embarked on grand-scale collusion with other G-7 central banks to manufacture a massive amount of money. The scope and degree of this collusion are historically unprecedented and by admission of the perpetrators, unconventional in approach, and – depending on the speech – ineffective. Central […]

Spot The Horse

Authored by Kevin Muir via The Macro Tourist blog, Yesterday after writing my piece about Tesla and Bitcoin, I received an email from one of the smartest guys I know. “Funny that you wrote about shorting Elon’s science project and GBTC. I just bought both this morning. Thanks for the extra liquidity. Always appreciative of […]

Schaeuble Warns US Pullback Could “End Our Liberal World Order”

Less than a month after German Chancellor Angela Merkel warned that “Europe must take its fate into its own hands,” Finance Minister Wolfgang Schaeuble implored US President Donald Trump to reconsider his “America First” policy, claiming that a pullback by the US would risk the destruction of “our liberal world order” by ceding influence to […]

Markets Wrap: Stocks Flat In Quiet Session With US, UK And China Closed For Holiday

U.S. markets are closed for the Memorial Day holiday, and with UK and Chinese markets also closed for various holidays, it has been a quiet start to the week, with S&P futures essentially unchanged, trading at  2,415, up 0.06%, a new all time high. European stocks opened marginally lower in quiet trading but have since […]

Merkel Furious With Trump After “Unprecedented” G-7 Failure To Reach Consensus On Climate Change

In the end it was not mean to be. As discussed on Friday, during Trump’s first G-7 summit, world leaders including German Chancellor Angela Merkel and new French President Emmanuel Macron, had hoped to persuade the the US president to endorse the Paris Agreement climate pledge to fight global warming. By the end of the […]

US Deploys Third Aircraft Carrier Toward North Korea

One month ago, when we first discussed that in addition to the CVN-70 Carl Vinson aircraft carrier group, the US was deploying two more carriers toward the Korean peninsula, some took the Yonhap-sourced report skeptically: after all, what’s the incremental symbolic impact of having three, or even two aircraft carriers next to North Korea when […]

Global Rally Fizzles After “OPEC Shock” In “Slow Risk-Off Session”

S&P futures were fractionally lower from yesterday’s record high as European stocks declined and Asian stocks were mixed, pressured by yesterday’s 5% plunge in crude after OPEC unexpectedly “failed to surprise” markets, and announced the bare minimum supply cut extension that was expected by oil traders, who in turn puked long positions. It wasn’t just […]