Going into this week, hedge funds were exceptionally bullish on gold. Their ‘net long’ position was 262,000 contracts, with each contract representing 100 ounces of gold.
Stay informed about the latest developments in the ongoing crisis in the Eurozone and the European economy.
Trouble usually equals opportunity for the investor. Whether it means picking up shares on the cheap or real estate in the doghouse — perhaps even the euro when it’s ‘on sale’ — don’t discount Europe’s economy from your investing radar.
In Friday’s Daily Reckoning, I asked whether you have to win one to lose one. After witnessing two momentous grand finals on the weekend, the answer to that is an emphatic ‘no’.
Another crisis is coming. We can be sure of it. Because the problem behind the crisis of 2008 — fake money, fake interest rates, fake economy — was not corrected.
Whatever you think of Donald Trump, his candidacy is one big middle finger to the Establishment. It’s part of the worldwide rise of ‘People Power’.
Trump is looking surprisingly good in the polls. Should he take office, it would be bad for Wall Street…and bad for stocks in general.
Italy is not doing well economically. It has been affected by a nationwide banking crisis and Europe’s refugee crisis. Its debt to GDP has climbed to a whopping 131.8%
The truth is that German banks are struggling. And Deutsche Bank, Germany’s symbol of strength, is in crisis. It has been in trouble since 2015.
There is turbulence ahead. Markets are bracing themselves for a bumpy ride. In Europe, Britain is moving ahead with their separation from the EU.
The European economy has not been doing well since the global financial crisis in 2008. It seems like the economy has not recovered from that large shock.
Technical analysts will tell you that an RSI over 70 suggests an index or security is ‘overbought’. An RSI under 30 suggests an index is ‘oversold’.
By using low or negative rates as a stimulus measure, Central Banks run the risk of triggering a bank run — or a currency war.
With negative interest rates, governments, and some high quality corporates, are now being paid to borrow money.
Muslim fanatics can kill hundreds…maybe thousands…of people in the West. But there is no unified Islamic power capable of challenging the West’s elected governments.
The golden years are behind us. Now we are dealing with these deflationary pressures within the system.
even though Spain’s economy grew last year, it has the second largest deficit to GDP ratio in the EU. And in 2015, Spain failed to fulfil its deficit goals.