Reason for the turnaround in global stock markets was not hard to find. New York Times: “Once again, the Federal Reserve helped save the day for investors” who were “inspired by soothing words from an influential Fed policy maker.” By “soothing words,” the Times means the promise of further infusions of cash into the financial system, which has fueled the continual rise in equity prices.
In just the last two weeks China has cut its holdings of US government bonds worth around $100 billion. Beijing justified the step as a measure to support the yuan. However, the move can also be viewed as a clear warning to the United States,
Media sources in Venezuela have claimed that a state-run supermarket offering subsidized goods, recently witnessed a stampede of desperate customers. The military was called in to quell the crowd, which numbered in the thousands. Throughout the ordeal, 75 people were injured and one 80-year-old woman was trampled to death.
The U.S. Department of Labor (DoL) no longer issues mass layoff reports: “On March 1, 2013, President Obama ordered into effect the across-the- board spending cuts (commonly referred to as sequestration) required by the Balanced Budget and Emergency Deficit Control Act, as amended.
CNN is the expert on propaganda that serves the U.S. government’s agenda… and right now, they don’t want you to worry just like they didn’t in 2008…
Gold for December delivery at the New York COMEX exchange rose 8.4 dollars, to $1,131.1 a troy ounce. Silver for December delivery increased 0,65%, that is 14.17 dollars an ounce.
The Chinese regime is under international pressure to accelerate its pro-market reform agenda, including privatisation of state-owned enterprises (SOEs) and the further liberalisation of the financial sector to open up new profit opportunities for foreign investors. Such measures heighten the social gulf between rich and poor and provoke wider social unrest.
A computer glitch is preventing hundreds of mutual and exchange-traded funds from providing investors with the values of their holdings, complicating trading in some of the most widely held investments, hinder[ing] investors’ ability to trade accurately in and out of popular investment vehicles.
At a time when the oil price is at its lowest for decades, producers need to find half a trillion dollars to repay their debt to investors. The oil and gas industry is facing an upheaval of epic proportions as producers, who don't have the large cash reserves to survive, will sink into unsustainable — and unrepayable — debt.
China’s Rate Cuts Will Stop The Crash. It’s Not A Crash, It’s Just The End Of A “Market Cycle.”The Fed Will Never Raise Rates. Get Ready For QE4. It’s Not As Bad As It Seems.
A top official of the Federal Reserve Board broadly hinted Wednesday that the US central bank, contrary to previous indications, would not begin to raise its benchmark interest rate at the September meeting of its policymaking committee.
President Rafael Correa; it costs the OPEC nation $39 to produce a barrel of oil for which it only receives $30. Ecuador produces 538,000 barrels a day and under current circumstances stands to lose up to $3 million a day on them, state-owned Petroecuador oil company says it was profitable for the first half of 2015 because oil averaged $47 a barrel.
"What happens when China liquidates all of its Treasury holdings is anyone's guess, and an even better question is will anyone else decide to join China as its sells US Treasurys at a never before seen pace, and best of all: will the Fed just sit there and watch as the biggest offshore holder of US Treasurys liquidates its entire inventory…
The Western media paints the prospects of the BRICS grouping (Brazil, Russia, India, China and South Africa) in dark colors, predicting its hard days and inevitable demise but Russian experts say these predictions have nothing to do with reality. They say that a deliberately planned information campaign is underway.
Ignoring the current western sanctions against Russia, many European aircraft makers readily accepted an invitation to take part in the MAKS-2015 international air show that launches outside Moscow on Tuesday and will run through Sunday.
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