Russia Boosts its Gold Reserves Russia continues to add to its gold reserves in its efforts to de-dollarize. Russia Boosts its Gold Reserves Russia adds another 300,000 oz. (9.3 tonnes) of gold to its reserves in the last month. Live Gold Price Russia has been increasing its gold reserves at a rapid pace in recent … Read More →
The Fed met this week and delivered the news: the economy is recovering & the end of QE is near. The end of QE may be near but the economy is not recovering. Don’t Call it an Economic Recovery. Podcast Summary: 0:00-4:05 Introduction Could Just About Anyone Do Janet Yellen’s Job? 4:05-5:05 discussion of Janet … Read More →
The Fed met yesterday and announced a continued tapering to its QE program citing improvement in the economy. Fed keeps faith in recovery, bumps up expected rate-hike path. Fed Says Economy Rebounding as It Trims Bond Purchases Reuters and Bloomberg headlines June 18, 2014 post Federal Open Market Committee meeting of the Federal Reserve Board. … Read More →
Home Ownership and Happiness A country’s homeownership rate is not positively correlated to its happiness or GDP. Real Estate News Homeownership and Happiness Countries with the Highest Home Ownership Rates Are Neither The Richest Nor the Happiest. The National Association of Realtors (NAR) constantly promotes and incessantly lobbies for increased home ownership touting the supposed … Read More →
Home Equity Loans Home equity loans are back as home prices rise. Is the housing market setting itself up for yet another collapse? Real Estate News Home equity loans are back as home prices rise. “Borrowers Tap Their Homes at a Hot Clip” blurted a recent Wall Street Journal Headline. It was bound to happen … Read More →
Negative Interest Rates and European Central Banks The ECB’s decision to institute negative interest rates will increase demand for interest bearing US Treasuries allowing the Fed to exit quantitative easing. Buy Physical Silver Online Podcast Summary 0:00-5:50 Introduction European Central Bank Opts for Negative Interest Rates Helping the Fed Exit QE 5:50-10:20 Discussion of the … Read More →