Search Results for: central bank of China
European stocks are seen opening on a flat note
October 12th, 2022
European stocks are seen opening on a flat note Wednesday after five consecutive sessions of losses. Recession worries persist with U.S. President Joe Biden conceding Tuesday in an interview that a “very slight” recession was possible. U.S. stock futures ...
Oil rises $2 as dollar eases, market wary of Fed
July 26th, 2022
Oil prices rose about $2 on Monday, bolstered by supply fears, a dip in the U.S. dollar and early strength in equity markets, but prices seesawed as some worried fuel demand could weaken if the Federal Reserve raises U.S. ...
The Fed is evaluating whether to launch a digital currency and in what form, Powell says
September 29th, 2021
The Federal Reserve is pushing ahead with its study into whether to implement its own digital currency and will be releasing a paper on the issue shortly, Chairman Jerome Powell said Wednesday. No decision has been made on the ...
World shares steadied on Friday; Gold recovered somewhat
September 17th, 2021
World shares steadied on Friday above three-week lows set in the previous session though they were heading for a weekly loss on China jitters and global growth concerns, while strong U.S. retail sales data buoyed the dollar. Shares in ...
Bitcoin and other cryptos lose steam as summer lull sets in
June 16th, 2021
The bitcoin (BTC-USD) price shot back above $40,000 (£28,346) following sessions of losses, but is treading water as fund managers say the cryptocurrency is in a bubble despite the price crash. According to a Bank of America survey, 81% ...
The Geopolitics of Gold
June 10th, 2021
A number of events are coming together which are set to push gold prices higher. Besides a combination of continuing inflationary policies and massive future budget deficits undermining the dollar, by closing down derivative market activities new Basel ...
The end of the LBMA is nigh
May 20th, 2021
Basel 3 is on course to regulate the LBMA out of existence. And with it will go all the associated arbitrage business and position-taking on Comex, because most bullion bank trading desks will cease to exist. The only ...
Why interest rate management fails
April 23rd, 2021
This article explains why attempting to achieve economic outcomes by managing interest rates fails. The basis of monetary interventionist theories ignores the discoveries of earlier free-market thinkers, particularly Say, Turgot and Böhm-Bawerk. It also ignores Gibson’s paradox, which ...
The global debt problem
April 15th, 2021
It has been recently estimated that global debts stand at $284 trillion equivalent, representing 355% of global GDP. Estimates such as these must be treated with caution, and they probably underestimate financial sector debt. Furthermore, no allowance in ...
Say’s law and the destruction of savings
April 2nd, 2021
This article explains the fundamental mistake behind Keynes’s General Theory, the vade mecum for all macro and mathematical economists today. It is no exaggeration to say that his casual rejection of Jean-Baptiste Say’s economic theories in his off-hand ...
