News
Market Report: Bullion banks still trying to close their shorts
Gold and silver suffered a sharp sell-off on Thursday. Other than generally quiet trading conditions there was no fundamental reason for the sell-off.
Ever Grande
The Chinese real estate developer Evergrande is the epitome of Too Big To Fail. It is truly Ever Grande. So what happens if it does, in fact, fail?
Fed Chief Powell owned same type of assets bank bought during Covid
Federal Reserve Chairman Jerome Powell owned municipal bonds of the same type bought by the Fed during the coronavirus pandemic.
The Political Alchemy Called Modern Monetary Theory
The new kid on the economics block is something called modern monetary theory. The name is new, but the "theory" is not.
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