Federal Reserve policy makers at their last meeting said a global slowdown and a stronger dollar posed potential risks to the outlook for the U.S. economy. A number of participants said growth “might be slower than they expected if foreign economic growth came in weaker than anticipated,” according to minutes of the Sept. 16-17 Federal Open Market Committee meeting released Wednesday in[...]
Tag: precious metals
‘Mediocre and a Bit Worse’: IMF Trims Global Growth Forecast
IMF Trims Forecast for Global Economic Growth to 3.3 Percent The International Monetary Fund slightly lowered its outlook for global economic growth this year and next, mostly because of weaker expansions in Japan, Latin America and Europe. The IMF said Tuesday the global economy will grow 3.3 percent this year, one-tenth of a point below what it forecast in July. World growth should then pick[...]
“Nobody Has Any Idea How Disastrous It’s Going To Be” Warns California Water Expert
Newly released images created from NASA satellite data illustrate the staggering effect the California drought has had on groundwater supply in the state. As Mashable's Patrick Kulp explains, the images show the amount of water lost over the past 12 years, with different colors indicating severity over time. “Nobody has any idea how disastrous it’s going to be,” Mike Wade of California Farm [...]
Obama’s Economy Is Creating Too Many Low-Paying Jobs – Real Danger for a Consumer Based Economy
By Peter Morici Despite another seemingly good jobs report, President Obama's approval rating is lower than a snake's belly, and Republicans could retake the Senate in November. Missteps in the Ukraine, Iraq and elsewhere weigh on voters' minds, but the economy — especially the jobs picture — is not what Obama cracks them up to be. The 5.9 percent unemployment rate is a fraud. The[...]
TECHNICAL ALERT – Final Push Down In Silver To Set Up Massive Surge Above $100
KWN published an interview today that provides some spectacular charts regarding the silver market. Specifically, how the trading pattern in silver today is very similar to that of the 1970's, which preceded a 3,000% rise in the silver price. As to today's action in the silver market, the interview has this to share... This kind of engineered breakdown and capitulation in silver is what has[...]
Marc Faber on Commodity Cycles, Monopoly Central Banking and the Wealth Redistribution Craze
The Daily Bell is pleased to present this exclusive interview with Marc Faber: Daily Bell: Hello, again. Since last we spoke, in June 2011, things have grown worse in some cases and better in other ways. How do you see the world today? What pleases you the most economically and what are you most concerned about? Marc Faber: Economically, there is not much that pleases me because I think we are[...]