Silver as an investment

Category Archives: Public finance

Austerity Isn’t Dead, It Will Come Back With A Vengeance

Authored by Jonathan Rochford via NarrowRoadCapital.com, There’s been a steady stream of recent articles claiming that austerity is dead. The “magic” of false measurements, animal spirits and money printing are used to convince the gullible that there is an easy way out. This one from James McCormack at Fitch argues that populist politicians are responsible for […]

AUDUSD Slides Back Under 0.80 After RBA Warns Over Strong Exchange Rate

The AUDUSD has faded overnight gains and was trading near session lows after the RBA kepts its interest rate at 1.5% as expected and previewed last night, however in an echo of last week’s comments from Lowe, the central bank flagged that a stronger AUD was expected to contribute to subdued price pressures and was […]

“ECB Or Not To Be”: A Preview Of What Mario Draghi Will Say

Looking at today’s main event, the much anticipated ECB announcement in which Draghi may (or may not) announce a hawkish shift to the cental bank’s policies and/or reveal the bank’s tapering plans, Citi (whose titled we borrowed) gives the 30 second summary, and says that the market seems quite split on whether the ECB will […]

Will Central Banks Derail The Shale Boom?

Authored by Nick Cunningham via OilPrice.com, The U.S. Federal Reserve has already increased interest rates several times, most recently in June, with promises to do much more. Rate hikes pose a problem for the oil industry, which has used debt to underpin a drilling boom across the U.S. shale patch. Higher rates could raise the […]

Clarity Or Confusion At The Fed

Authored by 720Global's Michael Lebowitz via RealInvestmentAdvice.com, “Are you kidding? Are you kidding? No one knows what you’re doing.”    – Economist John Taylor in response to William Dudley’s (President Federal Reserve Bank of New York, Vice Chairman of the Federal Open Market Committee) comment that the Federal Reserve (Fed) has been very clear in […]

Goldman Warns Of Rising “Potential For Rate Shocks”

Just in case you are not sick of reading about record low volatility yet (yes, the WSJ had another piece on it this morning “Market Volatility Has Vanished Around the World“), here is Goldman’s Ian Wright pointing out that “central bank meetings didn’t jolt rate vol” (in case anyone didn’t notice), and is the latest […]

Euro Spikes On Upbeat Draghi Comments, Then Drops On Muted Inflation Outlook

Well that didn’t last long:moments after the EUR spiked on Draghi’s upbeat economic comments, it has since filled the entire gap and is back to session lows after Draghi talked down Eurozone inflation saying there is no sufficient evidence to alter inflation outlook, and no evidence of a self-sustaining inflation move. DRAGHI SAYS ECB NOT […]

Norway Central Banker Warns Of Massive 50% Drop In Wealth Fund Assets To Cover Budget Deficits

Back in August, we noted that, for the first time since it’s creation in 1996, the Norwegian government had started raiding its sovereign wealth fund in 2016 to cover government deficits.  Then in October the Nordic country revealed plans to massively increase withdrawals by over 25% in 2017, to $15 billion, to cover a budget […]

Trump’s Rookie Mistake

Submitted by Kevin Muir via The Macro Tourist blog, The last couple of weeks have been wild. Egged on by Trump’s talk of “yuuugeeee” tax cuts, the stock market has propelled upwards in an unrelenting march to record highs.           Zerohedge did a great job highlighting Trump’s “talking up” of the […]