For years, contrarian investors have been expecting China and Japan to dump their holdings of United States Treasury debt, which would cause widespread panic and financial collapse at home. According to the latest numbers from the U.S. Treasury Department, these two Asian powerhouses have begun doing so. The Treasury Department confirmed Wednesday that foreign holdings […]
Archives for February 2015
Federal Reserve likely to delay interest rate hike this summer
The Federal Reserve released its Federal Open Market Committee (FOMC) minutes from the Jan. 27 to 28 meeting and it revealed that members are still undecided as to whether or not it will raise interests this summer, citing concerns about an array of economic factors. Ostensibly, United States central bank policymakers believe raising rates too […]
Retirement Crisis: Poll finds more Canadians expect to work beyond age 66
Do you plan to retire as soon as you reach the age of 65 or do you plan to work well beyond your winter years? Well, a growing number of Canadians expect to put in their 9-to-5 hours past the age of 66, a new poll finds. According to a new survey from Sun Life […]
Student loan bubble collapsing as delinquency rate nears all-time high
The student loan bubble is on the cusp of bursting. Student loan debt is currently the biggest consumer debt item in the United States today as it has surpassed the $1 trillion threshold. Although automobile loans and credit card debt are ascending again, even years after the Great Recession that left millions of U.S. households […]
WGC: Central banks acquired 477.2 tonnes of gold in 2014
Last week, the World Gold Council (WGC) released its annual Gold Demand Trends Full Year 2014 report, and many gold bugs and investors were interested by what the report highlighted, particularly that central banks, despite their intentions of embarking upon a currency war, were huge buyers of the yellow metal. Although global gold demand slipped […]