By: Dave Smith In late December 2019, a bill from the German finance ministry – which had passed the lower legislative house – proposed lowering the “anonymous purchase limit” for precious metals from €10,000 to €2,000 (about $2,200), a reduction of 80%. At the current price, one could buy less than one and one-half troy […]
Archives for January 2020
Federal Reserve leaves interest rates unchanged, silent on QE and coronavirus
The Federal Reserve left interest rates steady after completing its two-day Federal Open Market Committee (FOMC) policy meeting. The central bank alluded to a “strong” labor market and moderate U.S. economic growth for its decision to leaves rates in the rage of between 1.50 percent and 1.75 percent. The Fed statement was little changed from […]
HYPOCRISY: Tom Steyer slams school choice while sending kids to private school
Tom Steyer, the billionaire who has zero shot of becoming president, recently slammed private school and school choice. This would not be that much of a story if it were not for the fact that he sent his own kids to private school. The Washington Free Beacon has the story: Records indicate that Steyer’s four […]
Will the repo market trigger a financial crisis?
By: Andrew Moran What many had first considered a benign and trivial event in the Repurchase Agreement (repo) market has metastasized into something over which to lose sleep. The Federal Reserve has pumped more than $1 trillion into these markets, and the central bank is continuing to inject billions more of liquidity into the big boys league, potentially fueling […]
FLASHBACK: The time CNN couldn’t find Alabama on a map
You have likely seen the clip of CNN host Don Lemon laughing like a little school girl over a pretty bland joke about President Donald Trump “couldn’t find Ukraine on a map if you had the letter ‘U’ and a picture of an actual, physical crane next to it.” The guests, Rick Wilson and New […]