“It is sensible to diversify investments in terms of stocks from numerous industries.” This is a common theme used by investors all over the world. When someone speaks of diversification, most people think of putting their money in stocks that span a wide array of economic sectors but in simpler terms, it just means, “not […]
Another Day. Another Dollar
“Money makes the world go round” or “to make money, you got to spend money.” These are common phrases associated with the physical manifestation of money. The Federal Reserve System is familiar with those two phrases more than most as it controls the amount of money that circulates in The United States. Not so long-ago, […]
Gold nose-dives while silver and palladium belly flop
Precious metals futures ended remarkable lower on Monday, with palladium and silver suffering percentage losses of 4.9% and 3.4% respectively. Gold was the biggest loser finishing at a one month low. Gold is pushing lower as the 10 year treasury neared the 3% yield level, commodities weakened and Japan announced policies likely to weaken the […]
Will the pound hit an all time low?
It’s difficult to know where this will end. One conceivable target is the unequalled low of $1.04, set in late 1984 amid the diggers’ strike. That low, it ought to be noted, was as much a component of US Dollar quality as sterling shortcoming. It in the end must be tempered with the Plaza Accord […]
European Banks have chosen to repay 137.2bln Euro in funds — FIU
Friday’s announcement that on January 30th, 278 European Banks have chosen to repay €137.2bln in funds that they borrowed from the ECB in the first of the LTROs, spooked the European interest rate markets. Why I am not so sure. There are little risk free assets you can buy above the rate, 0.75%, at which […]