Gold News
Once again Europe is ‘saved’, and once again the market response has been a knee-jerk pop higher followed quickly by a shoulder-shrug that any Frenchman would be proud of. Why the ambivalence to this latest proclamation that Europe is saved? Two basic reasons jump out – firstly this is hardly the first time that the [...]
This week we got the Nationwide’s house price index. It confirms that the drift lower in house prices continues – down 0.6% in June and now down 1.5% for the year. From the report: House prices declined by 0.6% in June, taking the annual pace of house price growth down to -1.5%, the lowest reading [...]
With all the current focus of late being on the all the Euro News that various European countries are at different stages of insolvency, Ben Davies of Hinde Capital reminds everyone that there is the little problem of the UK to think about. In Davies’ rather ominous sounding report, “Eyes wide shut – the UK [...]
UK Chancellor George Osborne and Bank of England Governor Mervin King last week announced another round of fiscal and monetary stimulus measures, including steps to ease the funding for banks and allow them to extend more loans. If these measures were hoped to instil confidence they must be classified as a failure. We have lived [...]
The CPI fell to 2.8% this month – making it 30 straight months since the BoE has hit their government mandated target of 2%. From the report: Key points CPI annual inflation stands at 2.8 per cent in May 2012 RPI annual inflation stands at 3.1 per cent in May 2012 Headlines for the May [...]
In a few hours we will find out if the Federal Reserve will print more money. At the moment their is uncertainty about exactly what the Fed might do. It ranges from nothing at one end ,to announcing $50bn+ per month more QE at the other, and extending the ‘exceptionally low’ interest rates until 2015 [...]
The BBC are reporting today that a recent study has found some worrying trends in attitudes when it comes to pensions and saving in the UK. They report: 71% a scared at making the wrong pension decision 47% say didn’t know what to do 22% over 30 not saving enough to retire on On the [...]
Two brief, but spot on speeches were given this week in the Euro parliament that goes a long way to restoring the seemingly lost notion that politicians have a clue when it comes to anything economic. First up is Daniel Hannan who kicks off making the rather obvious point that there were ‘stress-tests’ last year [...]
Last night we were ‘treated’ to head of the Bank of England, Mervyn King, use his annual address at Mansion House (in the Egyptian Hall no less) to let the people know, just in case there was any doubt, that he is deliberately trying to devalue the £ and that he’s got more imaginatively way’s [...]
Detlev Schlichter recently appeared on the Keiser report to talk about the monetary problems faced around the world. The take-aways are: There is a policy of ‘repression’ at the moment Interest rate suppression is being undertaken, essentially holding interest rates below the inflation rate to inflate the debts away Capital controls will be technically difficult [...]
