By: David Stockman During Friday’s bloodbath I heard a CNBC anchor lady assuring her (scant) remaining audience that Brexit wasn’t a big sweat. That’s because it is purportedly a political crisis, not a financial one. Presumably in the rarified canyons of Wall Street, politics doesn’t matter much. After all, when things get desperate enough, Washington caves and does “whatever it […]
Archives for July 2016
Failed EU should serve as a warning against a North American Union
Appointed European parliamentarians. A crumbling euro. A highly regulated and insular continent. An idea that national sovereignty is the thing of the past. This is life in the European Union (SEE: Just Another Day in Regulated Europe). Ever since last month’s historic referendum that would see Great Britain exit the sinking European Union (EU) ship, […]
Gold, silver have strong Independence Day
Gold and silver prices are having a strong Independence Day, even with the United States stock market shut down for the day. Gold climbed 1.01 percent, or $13.51, to $1,350.21 per ounce. Silver prices rose 4.45 percent, or $0.87, to $20.41 an ounce. Silver even crossed $21 at one point before paring some of its […]
Happy Fourth of July to all of our readers!
Happy Fourth of July to all of our ECN readers. We hope you’re having an extraordinary day off and taking in all of the celebrations, festivities and fireworks around the country today. Despite all of the troubles facing the United States today – everything from Hillary Clinton to the Federal Reserve System – it still […]
If the UK Economy Tanks, Don’t Blame Brexit
By: Frank Shostak Last Thursday, the people of Britain voted in a referendum to leave the European Union (EU). Most commentators view Britain’s exit (“Brexit”) from the European Union as bad news for economic growth in the UK and the eurozone. As a result, it is argued, the growth rate in the rest of the […]