Despite Wall Street investors and speculators cheering on the roaring stock market and proclaiming that the happy days are here again, it appears that some well-known investment firms are already beginning to help their clients move out of the way of the upcoming financial crisis. Case in point, Jeremy Grantham, co-founder and chief investment strategist […]
Archives for July 2014
Federal Reserve Vice-Chair Stanley Fischer warns of another economic collapse
The Federal Reserve has been the primary culprit of the economic collapses, the financial crises and the domestic downturns that have inflicted the United States. Indeed, the federal government and the central bank usually omit this fact from their analyses, and instead purport that everything has been contained. Last week, speaking to the National Bureau […]
Social media, biotech bubbles on the verge of collapsing: financial community
For the first time that we can recall, Marc Faber, the publisher of The Gloom, Boom and Doom Report, and Janet Yellen, Federal Reserve Chair, have something in common: social media and biotech stocks are in a bubble, and they are on the verge of bursting, popping and collapsing. In fact, the S&P 500, says […]
Russia’s gold reserves increase to 35.2 million troy ounces
Amid the global hostility shifted towards the Russian Federation, the central bank announced on its website Friday that it increased its gold reserves in the month of June from 34.7 million troy ounces to 35.2 million troy ounces. Russia’s value of its gold holdings currently stands at $46.29 billion as of Jul. 1, up from […]
Spain introduces a 0.03% tax on all bank account deposits; is the U.S. next?
Last year, Cyprus made headlines all over the world for the wrong reasons. Due to a financial crisis, the government instituted a tax upwards of 50 percent on bank deposits exceeding 100,000 euros – initially it was all deposits but the citizens were in upheaval. Now Spain is following the same financial path. Earlier this […]