U.K. Gold ‘Exports’ To Switzerland Explode Due To Allocated and Asian Demand
Liquidated ETF gold holdings are being shipped from the U.K to Switzerland for refining into smaller one kilogramme gold bars, Australian bank Macquarie wrote in...
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How the Government Understates the Economy
I am writing this in the second-class cabin of the Wales to London express train, which is packed to the gills with holiday revelers. In...
What Lies Ahead for China? McKinsey Lists 10 Forces
By 2022, research by McKinsey suggests that 75 percent of urban consumers in China will earn around $9,000 to $34,000. This income level, which is...
Fannie Mae Hires an Officer it Alleges Defrauded it – and Finance Cheers
Three Bloomberg reporters have done the Nation a service by ferreting out a scandal of moderate magnitude but emblematic importance. Dakin Campbell, Jody Shenn and...
Physical Gold Demand Surges 53% In Q2, Total Supply Down 6% – Price Falls 35%
Gold prices in India have risen this week, extending gains past their highest level in four months, due to the import duty hike and rupee...
Apple (AAPL) Stock Worth $700 – Icahn
Following Icahn’s massive new position in Apple (AAPL) — believed to be over $1 billion — and his comments that the company is ‘extremely undervalued’,...
The Death of the Consumer
I often get asked why I never put out “BUY” recommendations on consumer discretionary stocks. I promptly send them in search of the latest consumer...
Markets Testing Brazil’s Central Bank Again, as Currency Touches New Lows
Brazil's financial markets remain under pressure. In spite of some recent interventions, including a rate hike, the currency touched another multi-year low today. The market...
Bring Back the Smoke Filled Rooms
In days of old, when congressional impasses presented themselves, the Speaker of the House, rosy-cheeked Tip O’Neil, would meet his counterpart in the Senate for...
Government Encouragement of 30-year Mortgages Should End
I don’t think that those who disagree with me are dumb. It is often that the person in question is bright, but has presuppositions that...