Italy Granted €150BN Bank Bailout Program To Prevent A Bank Run
According to an EU official, the liquidity support program includes up to €150 billion ($166 billion) in government guarantees.
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According to an EU official, the liquidity support program includes up to €150 billion ($166 billion) in government guarantees.
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Little more than a year after publicly stating that he did not condone a return to the gold standard, Greenspan does now. “If we went back on the gold standard … as it existed prior to 1913, we’d be fine."
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With this political and economic uncertainty holding sway for the undefinable future, investors will undoubtedly be seeking safe havens for their wealth.
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Gold through thousands of years of testing has become the standard. It is the standard against which every currency is tested and compared; even crypto-currencies can’t stop being compared to gold.
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Market observers are totally ignoring the real figures and the long term trends and are instead focusing on what the Fed will do.
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There were very few surprises today as the two-day Fed meeting came to a close. There was a refusal to raise the interest rate from 0.5%, while economic expectations were lowered for both 2017 and 2018. There were also hints that the current interest rate may hold for longer than previously...
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As is perhaps to be expected, Deutsche Bank are keen to underplay their ongoing problems, dismissing speculation that they are “another Lehman Brothers”. But is it right to deny such claims, and are the experts right on this matter?
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Most people believe that the era we live in is totally normal. This is the case whether you live in a war-zone or in “Shangri-La”. It is the same with the economy. Everybody in the West today believes that stocks always go up and that property grows to the sky and that government bonds are the sa...
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The surge in gold prices since the beginning of this year following three years of decline could gain further momentum if U.K. citizens vote in favor of the Brexit, which is looking increasingly more likely.
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One of the biggest bubbles that would clearly bring down the financial system is the bond market. Here we have a $100 trillion market which has grown exponentially in the last 25 years and which has virtually gone vertical since the 2006-9 crisis.
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