From the category archives:

central banks

Over the past 24 hours, the price of gold has plunged as much as $104/ounce, or 10%, ahead of what looks to be an imminent Greek debt default.  In fact, the past three days have seen the largest consecutive drop in gold prices in 28 years!  The question is why, you might ask.  Debt problems [...]

-

{ Comments on this entry are closed }

The U.S. Treasury still expects it will hit its debt ceiling limit on May 16.  This week, Congress continues to debate the terms of any potential increase in the debt ceiling, while Geithner has taken action to initiate emergency measures by Friday in order to maintain current government spending levels below the debt ceiling.
These emergency [...]

-

{ Comments on this entry are closed }

The DOW is back above 12,000 for the first time since June 2008 – kind of weird to imagine, isn’t it?  Does all feel right again in the world?  Back in June 2008 the markets buzzing full of bullish energy.  The U.S. housing sector tore it all apart, and the Ben Bernank huffed and puffed [...]

-

{ Comments on this entry are closed }

Chinese New Year typically involves a lot of gold buying, just like the Indian marriage season in late summer and Autumn.  How much higher will the price of gold go as a result of the Chinese New Year?
This year’s Chinese New Year (or Lunar New Year) occurs on February 3rd and celebrations will last until [...]

-

{ Comments on this entry are closed }

Apparently the late-Friday surge in stock markets might have been due to the possibility that “the Ben Bernanke” will intimate the possibility of higher levels of QE2 than initially indicated.  More than $600 billion in Treasury purchases by June 2011, in other words.
Reuters caught sight of a report on the CBS website indicating that Bernanke [...]

-

{ Comments on this entry are closed }

Rumor now has it that Wikileaks’ next leak will be the bust of a major American bank.  The exciting question, perhaps, is less what the details might be (we’ve basically seen it all over the past two years, if we’ve been paying attention) than what bank Wikileaks will bust.
Julian Assange, the creator of Wikileaks, did [...]

-

{ Comments on this entry are closed }

The fact of the matter is that at the end of the day not even the economists fully foresee or even understand (let alone agree on what they do understand) the full implications and progression of the state of the current world financial system.
Another fact is obvious: the global financial system is so interconnected and [...]

-

{ Comments on this entry are closed }