China premier warns on economic slowdown as data fans stimulus talk

(Reuters) – Chinese Premier Li Keqiang warned on Thursday that the economy faces “severe challenges” in 2014 – comments that came as weak data fanned speculation the central bank would relax monetary policy to support stuttering growth. Li, speaking at a news conference on the final day of China’s yearly parliament, hinted Beijing would tolerate […]

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Gold dips as economic data boost equities

Gold for April delivery GCJ4 -0.03%  fell $3.30, or 0.2%, to $1,367.20 an ounce on the Comex division of the New York Mercantile Exchange. The retreat comes on the heels of a three-session climb. May silver SIK4 -0.39%  pulled back even more, down 13 cents, or 0.6%, to $21.23 an ounce. Weekly jobless claims dropped to a three-month low of 315,000, […]

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Russia Said to Ready for Iran-Style Sanctions in Worst Case

Russian government officials and businessmen are bracing for sanctionsresembling those applied to Iran after what they see as the inevitable annexation of Ukraine’s Crimea region, according to four people with knowledge of the preparations. Iran-style retaliation from the West, which would include freezing Russia’s foreign reserves, banking assets and halting lending to companies, is being treated as an unlikely worst case, […]

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Ted Butler: Why Not Just Close the COMEX

This column tonight from Ted Butler at Butler Research set me back a bit. It would be like one of the most die hard economist Fed watchers, after forty years in the business, coming out and saying that the Fed has gone so far off the rails that we ought to just shut it down. It is […]

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The Global Economy’s Ticking Debt Bomb is About to Explode

As the dust settles in the iron ore and copper markets (both metals enjoyed a rise overnight) let’s take a step back and assess the damage. Both metals are heavily involved in China’s credit bubble. That is, traders, speculators and whoever else wanted in on the action would effectively ‘monetise’ their copper/iron ore holdings and then […]

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Russian Neighbor Belarus Asks To Host Another 15 Russian Fighter Jets In Response To NATO Escalation

With NATO actively building up its airforce support in Poland and the Baltic states in recent days in a flashback to cold war military escalation and deterrence, and even launching AWACS planes [6]over Poland and Romania to monitor the Ukraine crisis and “enhance the alliance’s situational awareness,” the inevitable has finally happened, and other Russian neighbor states, […]

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Soros Says Europe Faces 25-Year Slump Without Overhaul

Billionaire investor George Soros saidEurope faces 25 years of Japanese-style stagnation unless politicians pursue further integration of the currency bloc and change policies that have discouraged banks from lending. While the immediate financial crisis that has plagued Europe since 2010 “is over,” it still faces a political crisis that has divided the region between creditor and debtor nations, […]

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Isn't It Ironic: Mt.Gox Hacker Demands Ransom From Exchange Users To Not Reveal Their Personal Data

The bankruptcy of the once largest Bitcoin exchange may be history, but now the real drama begins. First, over the weekend, allegations surfaced that not the whole truth may have been revealed during the heartfelt announcement by Mt. Gox CEO, Mark Karpeles, who claimed that $400 million in Bitcoin were stolen by hackers. As Forbes […]

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China worries chill markets, copper dives

(Reuters) – A fall in copper to near four-year lows combined with increasing concern about China’s economic slowdown sent a wave of unease on Wednesday through world financial markets. Global stocks fell for a fourth day and copper, often regarded as a proxy for China’s economic fortunes, hit its lowest level since 2010 after Shanghai futures had again fallen by […]

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Wisdom Wednesday's – Lesson 10 – Setting Realistic Investment Goals

Welcome to another Wisdom Wednesday! Have you ever sat in-front of an “expert” who’s pitching you on an investment and thought “Yeah right…” when they mentioned potential ROI’s? Well if you’ve ever started walking down one of those paths only to find out that it wasn’t what it seems to start with then this Wisdom […]

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