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thenews
Added topic Greece has three days to deliver or face consequences: EU officials
Greece has three days to reassure its lenders it can deliver on conditions attached to its international bailout in order to receive the next tranche of aid, four euro zone officials said on Tuesday. Athens and its creditors unlocking 8.1 billion
thenews
Added topic How algorithms rule the world
The NSA revelations highlight the role sophisticated algorithms play in sifting through masses of data. But more surprising is their widespread use in our everyday lives. So should we be more wary of their power? On 4 August 2005, the police
thenews
Added topic Wall Street extends gains ahead of Friday's payrolls data
Stocks rose for a second day on Tuesday, helped by strong June car sales, while concerns receded about the Federal Reserve's plans to pare its massive bond-buying program. Shares of automakers Ford Motor Co (F.N) and rival General Motors (GM.N) rose
thenews
Added topic The Fed Is Paying Banks Not To Lend
Did you know that U.S. banks have more than 1.8 trillion dollars parked at the Federal Reserve and that the Fed is actually paying them not to lend that money to us? We were always told that the goal of quantitative easing was to "help the economy"
thenews
Added topic Fed's word is its bond, now lost in translation
It probably seemed like a good idea to Federal Reserve officials at the time. But their decision to stick Fed Chairman Ben Bernanke out on live television two weeks ago to explain how the Fed aims to scale back and eventually end its massive economic
thenews
Added topic Why Buffett shouldn't manage your money
As much as I respect and admire Warren Buffett, I would not hire him to manage my money — and I don't think you should either. Buffett is widely considered to be the most successful investor of the 20th century — and still going strong in the 21st
thenews
Added topic JPMorgan Put Together The Ultimate Guide To The Market Right Now
The second quarter ended with stocks tumbling, interest rates surging, and gold crashing. All of this happened as the Federal Reserve laid out a timeline for the tapering, or gradual reduction of its stimulative bond-buying program. Investors have a
thenews
Added topic ECB to leave rates, reassure no exit from stimulus
European Central Bank President Mario Draghi is likely to stress Thursday that the bank is still a long way from following the U.S. Federal Reserve and contemplating phasing out stimulus. Economists expect the ECB to leave its benchmark interest rate
thenews
Added topic Nigel Farage Destroys Europe's Latest Bad Idea
I’ve landed this morning in Frankfurt... financial capital of one of the few remaining ‘healthy’ countries in Europe able to inspire a modicum of confidence among investors. As southern Europe buckles under the weight of unserviceable debt and 60%+
thenews
Added topic Bank of England maintains Bank Rate at 0.5%
The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank
thenews
Added topic ECB keeps interest rates unchanged
At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.50%, 1.00% and 0.00%
thenews
Added topic Draghi Says ECB Rate to Stay Low for ‘Extended Period’
President Mario Draghi said the European Central Bank expects to keep interest rates low for an “extended period” as he tries to restrain market borrowing costs, in a new departure for an institution averse to setting policy in advance. With ECB
thenews
Added topic Priest, Spook And Banker Arrested In Vatican Bank Probe
Nearly a year after revelations of financial fraud involving the Vatican Bank, and months after a German lawyer was picked to become the new head of the bank that is collateralized by the full faith and credit of Catholicism, the scandal is back
thenews
Added topic Gold Miners Trade Like Junk as Bullion Sinks Below $1,200
Barrick Gold Corp. (ABX) and Kinross Gold Corp. (K) are trading as if they’ve lost their investment-grade ratings after the price of the metal plunged 28 percent this year to the lowest since August 2010. Barrick’s implied bond rating has
thenews
Added topic The Week That Was: June 24th - 28th 2013
Succinctly summarizing the positive and negative news, data, and market events of the week... Positives May durable goods orders beat expectations Fed’s Open Mouth Operation helps lift equities Jon Corzine sued, however somehow only civil suit Gold
thenews
Added topic Dollar rises on talk of cutback in Fed easing by September
The dollar advanced against the yen and the euro on Friday as investors resumed pricing in the possibility that the Federal Reserve will begin to pare back its bond-buying program as soon as its September policy meeting. Fed Governor Jeremy Stein on
thenews
Added topic Wall Street Week Ahead: Fed fears may be gone but brace for volatility
Panic selling on fears of an early exit of the U.S. Federal Reserve's stimulus efforts may be over, but the stock market may still face wild intraday swings as investors scramble to position themselves for Friday's payrolls report. Trading volume is
thenews
Added topic The gold and silver crash was artificial
I’m hoping that this will be my last post about gold/silver for a while. One can hope. But I can’t control it. We can’t control when or where opportunity arises. And as you know with gold having crashed some 30% from its highs, I started rebuilding
thenews
Added topic Vatican Accountant Accused of Smuggling $26 Million in Private Jet With ExItalian Spy
Is the world's holiest bank riddled with corruption? Many are asking that question today after a senior Vatican accountant was accused of plotting to sneak $26 million in bags of cash into Italy by stashing them away on a private jet, with the help
thenews
Added topic Jim Rogers Warns "We're All Going To Suffer From This Crazy, Crazy Money Printing"
I was able to reconnect with Jim Rogers this morning out of Spain, legendary co-founder of the Quantum Fund with George Soros, author of Hot Commodities, and chairman of the private Beeland Holdings. It was an especially powerful interview, as Jim
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