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Economics

Raising the Roof on Debt

Today the U.S. government officially borrowed beyond its $14.29 trillion statutory debt limit. And even though the Obama administration has assured us that accounting gimmickry will allow the government to borrow for another few months, the breach has given seeming urgency to Congressional ...

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Reads: 542

Money Control Around the World

Argentina's lower house of Congress approved money-laundering legislation just weeks ahead of an international review of the country's anti-money laundering and terrorist financing controls. The bill, which enjoyed the backing of President Cristina Fernandez, was passed with 181 votes in favor and ...

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Reads: 730

Cost of Bin Laden Deception: US$3 Trillion

As we mark Osama bin Laden's death, what's striking is how much he cost our nation--and how little we've gained from our fight against him. By conservative estimates, bin Laden cost the United States at least $3 trillion over the past 15 years, counting the disruptions he wrought on the domestic ...

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Reads: 1066

Silver's Bubble Has Burst?

Silver loses shine in 20pc tumble The price of silver futures tumbled again on Wednesday, taking total losses to more than 20pc in a week amid fears that the precious metal represented a bubble bursting. In recent weeks, experts have warned that a dangerous bubble was forming in the silver markets. ...

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Reads: 1095

Spain, Struggling With Weak Economy, Raises Taxes, Attacks Business

Spain's Crackdown on Black Economy Aims to Trim EU's Highest Jobless Rate . . . Spain unveiled a crackdown on underground employment as the government seeks to shrink one of the region's largest shadow economies, bolster tax revenue and reduce the Europe Union's highest jobless rate. The plan ...

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Reads: 919

Waking Up to Economic Realities

Last week the financial markets were roiled by Standard & Poor's announcement that they will change their outlook on the fiscal health of the United States over the next two years from "stable" to "negative". The administration decried this decision as political. However, it seems the only ...

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Reads: 562

The University of Texas Straddles the Gold Bull

The University of Texas Straddles the Gold Bull

from Gold Money

The University of Texas’s endowment fund, UTIMCO, took physical delivery of 6,643 gold bars on April 15, with a total value of $987 million. UTIMCO is the second largest university fund in the United States after the Harvard Management Company. Kyle Bass, the renowned Dallas-based ...

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Reads: 1170

Council on Foreign Relations: 'Free-Markets Need Our Help' .

Capitalismis failing the middle class ... Global capitalism isn't working for the American middle class. That isn't a headline from the left-leaning Huffington Post, or a comment on Glenn Beck's right-wing populist blackboard. It is, instead, the conclusion of a rigorous analysis bearing the ...

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Reads: 925

21st Century Investing NOT Business As Usual

The challenges facing investors and investment professionals ... Personal investment is a goldmine for some but a minefield for most. The decade ahead is going to pose tough challenges for both personal investors and the investment professionals who serve them. There will always be some shares that ...

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Reads: 526

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