Yellen Leads Fed Damned Every Way by Emerging Market Angst

Janet Yellen is discovering that when it comes to providing monetary stimulus, theFederal Reserve is damned byemerging markets when it does and damned when it doesn’t. Sixteen months after she used a Tokyo gathering of global policy makers to defend her institution against criticism it was purchasing too many assets, Fed Chair Yellen attends this week’s Group of […]

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Money for nothing: Feds in D.C. closed 25% of the time

Between snow days, official holidays and the government shutdown, federal employees have worked a normal business day less than 75 percent of the time since Oct. 1, marking a startlingly chaotic beginning to the fiscal year. Offices have been closed in whole or in part for 27 of the 105 weekdays so far in the fiscal year, […]

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Silver Has Longest Winning Streak Since 1968: Spikes To 3-Month High

Silver and gold were slammed early in the European day but have now recovered those modest losses to extend their winning streak. Gold is holding above $1,320 but Silver is outperforming +1.4% today and is now up 13 days in a row… this is the longest winning streak since at least 1968. Both gold and silver […]

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Fed adopts tough capital rules for foreign banks

(Reuters) – The Federal Reserve on Tuesday adopted tight new rules for foreign banks to shield the U.S. taxpayer from costly bailouts, ceding only minor concessions despite pressure from abroad to weaken the rule. Foreign banks with sizable operations on Wall Street such as Deutsche Bank and Barclays had pushed back hard against the plan because it means they will need […]

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Fears of looming China credit crunch spark new gold rush

China’s “unfolding credit crunch” is having an unforeseen and dramatic impact on gold prices as investors urgently stock up on the precious metal as a form of financial protection against a sharp correction in the world’s second-largest economy. This is the main reason why gold prices have unexpectedly shot up more than 10 per cent […]

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The Federal Government Makes $100 Billion a Year in Improper Welfare Payments

How much money does the federal government send to the wrong recipients? In 2012, over $100 billion. My colleague Jason Fichtner and I produced this chart, which shows the amount and rates of improper payments from federal transfer programs, using the data from the Office of Management and Budget’s “High-Error Programs Report.” continue reading at nationalreview.com

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The U.S. Greater Depression Exposed, Part I

Since the beginning of 2014; we have been subjected to two constant themes in the propaganda of the mainstream media. One of these themes is that after “recovering” year after year after year; the U.S. economy is finally strong enough to begin the Exit Strategy which former Fed Chairman B. S. Bernanke (originally) promised us would begin […]

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Dollar slides to seven-week low vs euro before Fed minutes

(Reuters) – The dollar hit a seven-week low against the euro on Wednesday and its lowest this year versus a basket of currencies, weighed down by soft U.S. housing numbers ahead of the release of minutes from the Federal Reserve’s latest policy meeting. The euro rose as high as $1.3773, its strongest level since January 2. […]

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Wisdom Wednesday’s – Lesson 7 – How Much Should You Invest?

I’m currently in beautiful Singapore and I’m falling in love with this place! It’s sort of the best blend of everything you could want in a city and it’s run like a business. Also the capital gains tax here is a huge 0%! Which helps! Anyway, as I’ve been here I’ve been keeping an eye […]

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At the Fed, The More Things Change, the More They Stay the Same

Last week, Federal Reserve Chairman Janet Yellen testified before Congress for the first time since replacing Ben Bernanke at the beginning of the month. Her testimony confirmed what many of us suspected, that interventionist Keynesian policies at the Federal Reserve are well-entrenched and far from over. Mrs. Yellen practically bent over backwards to reassure Wall […]

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