Economics

John Hathaway – China Is Preparing To Radically Reprice Gold Higher As Demise Of The COMEX & LBMA Accelerates

Friday, January 13, 2017
By Paul Martin

KingWorldNews.com January 13, 2017 On the heels of a fascinating start to 2017, one of the greats in the business, John Hathaway, says China is preparing to radically reprice gold higher as the demise of the COMEX & LBMA accelerates. By John Hathaway, Tocqueville Gold Fund January 13 (King World News) – Gold rose... »

“They’ll Regret It” – Trader Warns Unquestioned “Trumpflation” Dogma Will Be Tested

Friday, January 13, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jan 13, 2017 The vast majority of market participants are showing a surprising lack of flexibility and adaptability when it comes to the Trumpflation trade. As Bloomberg’s Mark Cudmore warns, they may regret it. The dollar can still correct a chunk more without 2017 being a write off. The rush... »

Consumer Confidence Disappoints As Trump Hope Dips

Friday, January 13, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jan 13, 2017 After surging to 12-year highs in December, following Trump’s election victory, UMich consumer sentiment faded in January and missed expectations (98.1 vs 98.5 exp). While inflation outlooks picked up modestly off record lows, economic ‘expectations’ – hope – dipped from 89.5 to 88.9 as the Trump Bump... »

BofA Warns Of ‘Icarus’ Trade: “A Wobble Then A Melt-Up… Followed By A Melt-Down”

Thursday, January 12, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jan 12, 2017 “After a Jan/Feb wobble, we believe stocks & commodities will have one last 10% meltup in H1,” explains BofA’s Michael Hartnett in his latest note, but, he adds, by the end of 2017 we will see a “meltdown.” BofA awaits the endgame of the so-called “Icarus Trade”... »

Democracy in Crisis: Rising Inequality Could Cause Globalization Rollback

Thursday, January 12, 2017
By Paul Martin

SputnikNews.com 12.01.2017 Rising income inequality poses a severe risk to the global economy and could result in the reversal of globalization, according to the World Economic Forum (WEF). The organization’s annual Global Risks report ranked rising income and wealth disparity first among the underlying trends that will determine the shape of the world in... »

Why Are Wal-Mart And Boeing Laying Off Workers If The U.S. Economy Is In Good Shape?

Thursday, January 12, 2017
By Paul Martin

By Michael Snyder TheEconomicCollapseBlog.com January 11th, 2017 The stock market has been on quite a roll in recent weeks, but signs of trouble continue to plague the real economy. Earlier this week, I talked about the “retail apocalypse” that is sweeping America. Major retail chains such as Sears and Macy’s are closing stores and... »

Gold Rallies To $1,207 After Trump Press Conference Shambles

Thursday, January 12, 2017
By Paul Martin

By: GoldCore GoldSeek.com Thursday, 12 January 2017 Gold has rallied to $1,207/oz today as stocks globally have weakened after the first press conference of incoming President Trump turned into a bit of a debacle. Gold prices made further gains today amid reduced focus on the Fed and speculation regarding their potential rate hikes and... »

Soros Lost $1 Billion Following Trump Election

Thursday, January 12, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jan 12, 2017 While Carl Icahn infamously made a killing following the “surprise” Trump election, another prominent hedge fund manager was not nearly as lucky. According to the WSJ, “George Soros lost nearly $1 billion as a result of the stock-market rally spurred by Donald Trump’s surprise presidential election.” Which,... »

‘Protectionist’ Obama Escalates Trade War, Slams China With Subsidized Aluminum Complaint

Thursday, January 12, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jan 12, 2017 With all the partisan narrative defining Trump as a tariff-setting, anti-trade, economy-buster, we thought it ironic that free-trade-wunderkid Obama just escalated trade wars by bringing his administration’s 16th trade-enforcement complaint against China with WTO, urging tariffs on subsidised Chinese aluminum, after accusing them of funneling artificially cheap... »

Overpriced: Trump Wipes $24.6 Bln Off Drug and Biotech Stocks in 20 Minutes

Thursday, January 12, 2017
By Paul Martin

SputnikNews.com 12.01.2017 During his press conference on Wednesday, the US President-elect Donald Trump said US medicines are made overseas and are too expensive, and proper bidding could help lower the costs, provoking a selloff in big pharma and biotech stocks. Kristian Rouz – US big pharma suffered a major hit during Wednesday’s press conference... »

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