In December of 2013, the Chinese government offloaded $48 billion in paper bringing its total to $1268.9 billion, the second largest dump in China Treasury Holdings (with the sole exception of December 2011). During this time Chinese FX reserves spiked to all time highs when China had a large amount of cash not invested in US paper. The signals China is sending to the world speaks volumes on the
Bitcoin prices are plunging after the Mt. Gox exchange went offline and closed all transactions. CNBC’s Mary Thompson details the problems plaguing bitcoin.
Mt. Gox, one of the currency’s biggest exchanges, just went offline and took hundreds of millions of USD worth Bitcoin equity with it. Mt. Gox had claimed in the past that it handled about 80% of all global trades for BTC/USD. Issued a statement? Planned downtime? Nope, neither. It just
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It’s official: China overtakes India as top consumer of gold. China officially overtook India as the world’s largest consumer of gold in 2013, according to the World Gold Council (WGC), in a year that saw overall demand for bullion slump 15 percent owing to heavy exchange traded fund (ETF) selling. Jonathan Barratt, Founder of Barratt’s Bulletin, says continued Chinese demand for the precious metal could push gold prices to
Credit:CNBC’s Giovanny Moreano and Pradip Sigdyal.
The Chinese New Year is symbolized by an animal from the zodiac calendar, rotating through a 12-year cycle. Last year, for example, was the Year of the Snake and 2012 was the Year of the Dragon.
Since 1928, Horse years have been cautiously optimistic for the S&P 500 and Dow, posting average annual returns of 2.41 percent and -0.09 percent, respectively.
In fact, the Year of the Horse ranks as the second-weakest year for both the
If you thought January was bad for stocks, wait for February.
February is historically a rocky month for stocks, but it’s bound to perform even worse when January is negative.
Since 1971, when January was negative, the S&P 500
Terry Sacka on The Wealth Transfer show on the Christian Television Network discussing U.S. economic statistics. Not the numbers you’re fed through the media, but the shadow statistics that come from shadowstatistics.com, giving you a real look into the raw U.S. economic data. This data will give you shocking numbers on inflation, unemployment, and money printing by our government that directly impacts the future of your retirement. This will help you
Jon Steinberg, president and chief operating officer of BuzzFeed, weighs in on the digital currency, explains how and who is mining it, and unveils a bitcoin mining
