Barclays Capital had a sobering update on India today. Apparently June saw the largest outflows on record from bond and equity portfolios.
A number of strategists continue to call for significant price increases in gold. Apparently investors have been ignoring those calls. In particular hedge funds have been exiting positions in precious metals recently, driving prices lower. The chart be…
Ben Bernanke has said many times that Marriner Eccles, the head of the Federal Reserve in 1936/37 made a mistake by tightening credit (raising reserve requirements). Bernanke blames Eccles’s actions for the 50% stock market collapse in 1937 and the …
The demise of the dollar as the grease of global trade would trigger global depression, political instability and the end of the Status Quo everywhere. No wonder it’s still around.
The basic dynamic is this:
1. Technology and other efficiencies l…
“China should increase its gold reserves appropriately, and China must take every chance to buy, especially when gold prices fall.”
Li Yining, Senior Economist at Peking University and member of the Chinese People’s Political Consultative Committee
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by Mr. Moto There appears to me some substance in the Russia, China and SDRs news. I have been waiting on what opportunity both of…