Having surged to its highest since 2008 in February, Core CPI's YoY gain inched back from 2.3% to 2.2% YoY in March hovering at post-crisis highs. The food index declined in March, as did the cost of 'shelter' and medical care but used cars and truck prices declined, as we noted previously.
Still above Fed "mandate" levels and near 8 year highs...
Back in July of 2014, we reported that in an attempt to obtain if not compensation, then at least confirmation of bank manipulation in the precious metals industry, a group of silver bullion banks including Deutsche Bank, Bank of Nova Scotia and HSBC (later UBS was also added to the defendants) were accused of manipulating prices in the multi-billion dollar market.
Forget Doha, says the International Energy Agency (IEA), bet it all on US production crashing.
First, IEA says Doha Don't Matter...
A deal to freeze oil production by OPEC and non-OPEC producers will have a limited impact on global supply and markets are unlikely to rebalance before 2017, the International Energy Agency (IEA) said on Thursday.
Submitted by Dave Forest via OilPrice.com,
Readers the world over are still busy crawling through information from the “Panama Papers” leak - which has revealed how high-profile persons around the globe used corporate havens to dodge taxes.
And in Zimbabwe, they’re turning their attention to one particular name leaked in the documents: the country’s largest platinum miner.