Ralph Silva, director at Silva Research network and Moorad Choudhry, head of treasury at the corporate banking division of RBS, described the US Republicans idea of returning to the gold standard as ‘nonsensical’ and ‘ludacris’.
The gold standard has returned to mainstream U.S. politics for the first time in 30 years, with a “gold commission” set to become part of official Republican party policy.
The Treasury released a press release July 31, 2012 issuing the following the statements:
Mainstream media simply won’t publish charts that reflect the true state of the economy. The media’s job is to maintain a consistent theme that Obama has everything under to control in order to facilitate a re-election. Nothing can stop them from achieving this – except perhaps
Making sense of:
The crisis of credit affects everyone since the banks on Wall Street are more closely connected to the homes on Main Street than you may think. As mortgage rates dropped and home buying became wildly popular, many
Economists and investors have warned of an impending U.S. financial crisis at the end of this year, but others think the fears are dangerously misguided.
The fiscal cliff, slowing U.S. growth, the U.S. election, Europe and even the weather are keeping small business owners up at night. But which of these factors is having the biggest impact on their business varies. Last week, Federal Reserve Chairman Ben Bernanke sounded another warning to Congress about the so-called “fiscal cliff”— a series of tax hikes and spending cuts set to kick in Jan. 1, as part of a deal struck last summer to raise the federal debt ceiling.
If Congress fails to take action before the end of this year, economists and analysts widely think the U.S. economy could
Tom Yorke, Managing Director, Oceanic Capital Management says that U.S. equity markets are “leaking oil” and 10-year U.S. Treasurys could creep down to
Tou Chen Chang, Managing Director & Head of Global Banking, Southeast Asia at HSBC says that investors are returning to the safety of
The debt levels around the globe are unprecedented in peacetime. The odds of restructurings and/or defaults are higher than most believe. The video shows the debt levels of numerous countries have reached “problem” levels. Since the bill coming due in the form of maturing bonds is so large, policymakers in Europe have no easy way out. “Solutions” may include
After Facebook’s initial public offering last Friday the finger pointing has been rampid with a disproportionate level of attention focused on the social media giant’s Chief Financial Officer David Ebersman. The CFO was responsible for the decision to
Former President Bill Clinton says Gov. Mitt Romney’s business experience would not help him create jobs if he’s elected President. Clinton shed light on the subject on Obama and the creation of jobs. He’s not yet sold on the