Why Negative Rates Are Positive For Gold
Submitted by John Browne via Euro Pacific Capital,
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Has The ECB's QE Been A Failure? This Is What Europe's Banks Think
As the WSJ wryly put it this morning, "Officials at the European Central Bank surely celebrated Tuesday's survey showing the last barrage of asset purchases and negative rates had a positive effect on bank lending to households and businesses."
Alas, as the WSJ also adds, "policy makers may want to hold off uncorking the champagne just yet. In fact, most banks answering the survey said the ECB's policies had no impact at all."
"Unequivocally" Great News America - Gas Prices Are Soaring
Judging by the exuberant equity market, it is not 'low' gas prices, but high gas prices that are "unequivocally good" for America - after all the market is ultimate arbiter of how the average joe feels, right? However, if you drive a car - or gas-hungry truck - you may have noticed something in the last month or so - gas prices at the pump are up almost 25% from the mid-Feb lows, the biggest surge since July 2009.
Eric Hunsader: The Financial System Is "Absolutely, Positively Rigged"
Submitted by Adam Taggart via PeakProsperity.com,
Eric Hunsader, founder of Nanex, has been at the vanguard of warning about the dangers and the rampant fraud that the rise of high-frequency trading (HFT) algorithims have let loose in today's financial markets.
Intel Fires A Massive 12,000 Workers, 11% Of Its Entire Workforce, As It Misses Q1 Sales, Guides Lower
There were some rumors reported late last week that the world's biggest chip maker was about to fire a major portion of its workforce. Moments ago the company confirmed these rumors, when it reported that it was firing a whopping 11% of its entire workforce, laying off a massive 12,000 workers.
From the report: