You are here

Business

In Q4 When 282,000 Average Jobs Were Supposedly Added, The Atlanta Fed Sees GDP At A Paltry 0.8%

Just over two hours ago, following the latest disappointing wholesale sales and trade, using the Atlanta Fed's GDP methodology, we calculated just where the regional Fed would trim its famous "nowcast" estimate to:

Moments ago, that's precisely what the Atlanta Fed's revised Q4 GDP estimate was lowered to. To wit:

China's Largest Bank Is Mystery Buyer Of Massive 1,500 Ton Gold Vault In London

China's Largest Bank Is Mystery Buyer Of Massive 1,500 Ton Gold Vault In London

Back in June 2013, when Deutsche Bank opened a gold vault in Singapore which could hold up to 200 metric tons, the German bank was euphoric about the prospects for storing physical gold: "Gold has traditionally been stored in London, Zurich and New York, but there is a serious shift in dynamics going on as the global financial crisis continues to evolve," Mark Smallwood, Deutsche Asset & Wealth Management's head of wealth planning in the Asia-Pacific region, told The Wall Street Journal.

If You Are An Oil Bull, Don't Look At These 2 Charts

If You Are An Oil Bull, Don't Look At These 2 Charts

It's getting worse... faster! These two stunning overnight developments in crude oil prices should shock investors...

 

First, OPEC - after its crude basket price dropped below $30 for the first time in 12 years - slashed its price overnight by $2 to $27.85 - the biggest single-day drop in history and lowest level since November 2003...

 

Is it any wonder the Saudis are trying to sell every national asset to subsidize this US Shale-crushing energy price?

 

Pages