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Gold Price Pulls Back As “Bad Actor” Fed Signals Slower Rate Hike Cycle

Gold Price Pulls Back As “Bad Actor” Fed Signals Slower Rate Hike Cycle

Volatility, loss of confidence and central bank impotence stalk the capital markets. Gold pulls back in an expected retrenchment. Equity markets are still digesting what the world looks like. Absence of a strong Chinese domestic economy. A developing economy losing its easy credit. Oil prices adjusting to demand levels indicative of economic activity and, most tragically, the continuing proxy wars fought in the middle east as warmongers continue to slaughter innocent civilians.

 

Mario Draghi Speaks In Brussels, Says ECB "Won't Hesitate To Act" As World Falls Apart

Mario Draghi is set to address the European Parliament's Committee on Monetary and Economic affairs in Brussels on Monday. 

Draghi's comments will of course be parsed for any hints as to what the ECB will do next month, when Draghi is expected to announce further easing, either in the form of another rate cut or an expansion/extension of PSPP.

SocGen: "The Market, Today, Is Clearly Hoping The Authorities Will Step In"

Ealier today, we quoted John Plassard, senior equity-sales trader at Mirabaud Securities LLP in Geneva, who explained the surge in global risk as follows: "The Chinese market didn’t react as bad as we feared and with the weak export data there is some big hope that he central banks will react quite fast... It’s a mix of hope of intervention from the Asian central bank, short squeeze and also a relief in some energy and banking sectors, the most shorted sectors."

Ron Paul: Falling Markets Are Telling Us That You Can’t Print Your Way to Prosperity

Ron Paul: Falling Markets Are Telling Us That You Can’t Print Your Way to Prosperity

Ron Paul

Last week US stock markets tumbled yet again, leaving the Dow Jones index down almost 1500 points for the year. In fact, most major world markets are in negative territory this year. There are many Wall Street cheerleaders who are trying to say that this is just a technical correction, that the bottom is near, and that everything will be getting better soon. They are ignoring the real message the markets are trying to send: you cannot print your way to prosperity.

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