Authored by Mike Shedlock via MishTalk.com,
If Central Banks wanted to make a positive impact on the global economy, they would abolish themselves and let the free market set rates.
Instead, and after pursuing a 2% inflation target for decades, central bankers now ponder the need for even higher rates of inflation.
Rethinking Made Worse
Please consider Rethinking the Widely Held 2% Inflation Target.
Amid the stock's best day in 6 months, pushing the taxpayer-subsized company to record highs, Tesla's CEO Elon Musk has three brief words for some speculators...
Stormy weather in Shortville ...
— Elon Musk (@elonmusk) April 3, 2017
It appears "Pride goes before destruction, and haughtiness before a fall," was not a consideration for Mr. Musk.
Submitted by Ronan Manly, BullionStar.com
German precious metals group Heraeus Precious Metals (HPM), part of the Heraeus industrial group, has just announced the full acquisition of Swiss precious metals refining group Argor-Heraeus. Heraeus is headquartered in Hanau, just outside Frankfurt. Argor-Heraeus is headquartered in Mendrisio in the Swiss Canton of Ticino, beside the Italian border.
Submitted by Gordon T. Long of MATASII
SELF INFLICTED ABUSE
Welcome to a new financial quarter.
As part of the usual review of last month and Q1 asset performance, it is worth nothing one surprising element of Q1 we showed over the weekend, namely that the VIX index had its lowest average quarter since Q4 2006.