The reliance of eurozone banks on the European Central Bank was demonstrated on Monday when Portugal revealed that its domestic banks were tapping the central bank for record amounts of funding. The Bank of Portugal said the use by domestic banks for the various facilities available from the ECB rose to €56.3bn in March – [...]
Spanish home prices are poised to fall the most on record this year, leaving one in four homeowners owing more than their properties are worth, as the government forces banks to sell real-estate holdings. Home prices will decline 12 percent to 14 percent, according to research and advisory company R.R. de Acuna & Asociados, after [...]
Who’s afraid of the Big, Bad national debt? Lots of people it seems. And, in case you haven’t noticed, everyone from politicians to investors to think tanks to the media thinks we’re bankrupt. “The country is technically bankrupt. If you and I were in business, we would have to declare bankruptcy. Governments print money so [...]
Although the U.S. economy has shown signs of improvement recently, Federal Reserve Chairman Ben Bernanke cautioned that high gas prices could lead to a “hit on growth” and rising inflation. “But at this level we don’t think yet that — particularly given the other good news we’ve seen in labor markets and so on — [...]
Today legendary trader and investor Jim Sinclair told King World News that gold has taken a major step towards becoming the currency of choice when it comes to international trade. Sinclair also said the US has launched an economic war against key Asian countries and it is having an immediate impact on the gold market. [...]
Someone who reads my articles asked me this question: Do you know which specific investments that Buffett made in his early career gave him his biggest returns and generated his initial wealth? What did he see in these companies that led him to invest in them? – Ryan If you read Alice Schroeder’s “The Snowball” [...]