LATEST NEWS : Zero growth best hope for Germany as confidence disappears

German business confidence continued to deteriorate in October amid fears that the eurozone could enter a triple-dip recession. The Ifo Economic Institute’s closely-watched business climate index tumbled to 103.2 in October, from 104.7 in September. This was well below economists’ expectations of a slight fall to 104.5 and represents the sixth consecutive monthly decline. continue […]

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LATEST NEWS : World braces as deflation tremors hit Eurozone bond markets

Eurozone fears have returned with a vengeance as deepening deflation across Southern Europe and fresh turmoil in Greece set off wild moves on the European bond markets. Yields on 10-year German Bund plummeted to an all-time low on 0.72pc on flight to safety, touching levels never seen before in any major European country in recorded […]

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LATEST NEWS : Evans-Pritchard: ECB's Embrace of Deflationary Policy Means 'Mass Unemployment'

The European Central Bank (ECB) is pursuing a deflationary policy that spells trouble for the eurozone economy, says Ambrose Evans-Pritchard, a columnist for The London Telegraph. “The ECB has failed to meet its 2 percent inflation target or to comply with its other Treaty obligation of supporting jobs and growth,” Evans-Pritchard writes. “It admits that this inflicts […]

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George Soros blasts 'parasite' banks

George Soros, the billionaire investor, believes the banking sector is a “parasite” holding back the economic recovery and an “incestuous” relationship with regulators means little has been done to resolve the issues behind the 2008 crisis. “The banking sector is acting as a parasite on the real economy,” Mr Soros said in his new book […]

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Why Silver Prices Could Easily Double from Here

In the first 10 months of this year, the U.S. Mint sold 39.2 million ounces of silver in coins. In the same period last year, the Mint only sold 28.94 million ounces of silver in coins. A general negativity by investors surrounding silver this year has not stopped people from buying silver coins. In fact, […]

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