Kevin Warsh and the committee have decided to hold rates steady. A good decision, in my opinion, considering current conditions. A radical change in policy appears to be in line. The implementation of five task forces to improve systems currently in place should bring benefits to both the FED and
There are those who say politics and economics are divorced from one another. I don’t believe it for a second. I believe at present there is a “uni party” system in the US working in cahoots with the Federal Reserve which is neither federal nor appears to have reserves; just
Derivatives are a huge worry as the unimaginable values of contracts are terrifying. The list of banks and amounts contracted are available at this address below. A long list but worthwhile looking at the first twenty or so. Read more here I believe that the FED will have no alternative
Last week we spoke about silver and looked at the reasons that the dollar is getting pushback worldwide. This week I would like to add to that, but focusing on gold.
The majority of reasons discussed regarding silver apply equally to gold.
Trump believes that a weaker dollar will enable cheaper exports – and therefore create more jobs to Make America Great Again – which would make the greenback more competitive against other currencies.
There’s a saying in golf that every shot makes at least one person happy (it might be your opponent!). Trade wars are kind of like that. The very day that President Trump put onerous tariffs on U.S. imports of steel and aluminum (March 1st) two things happened. The stock market
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