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Mario Draghi has gone and done it. After nearly two years of playing the market like a fiddle with nothing more than verbal intervention, Draghi was finally cornered today when during the ECB press conference earlier he explicitly stated that "the

German growth could be reduced by up to 0.9 percentage points this year and 0.3 points in 2015 if the EU imposes tougher economic sanctions on Russia for its actions in Ukraine, a German magazine reported It cited the German section of a European

The Gold Cartel The English language edition of Mr. Speck's book “Geheime Goldpolitik”, has been published early this year under the title “The Gold Cartel”, in parallel with an updated second German edition. The book has received great praise from

It's been a while since we looked at Japan's debt situation. Here is the dire update. From Japan News: Japan’s national debt totaled a record-high ¥1.02 quadrillion as of the end of March, up ¥33.36 trillion from a year earlier, the Finance Ministry

The boom years of financial market trading, when banks made unprecedented profits from bonds, currencies and commodities, may be over for good as financial firms realise there will be no cyclical upswing on their dealing desks. Even though it's taken

David Cameron has come out and argued that taxes will rise unless he can raid bank accounts in the UK. Cameron argues he will “have to put up taxes” unless tax officials are given draconian powers to raid people’s bank accounts if they think they

With the very largest and most experienced of hedge fund managers vociferously commenting on the "Truman Show" mirage of the markets, the danger of currently policies (there is no way to tell exactly how it all will end. Badly, we guess), and the

Barclays executives were blasted by shareholders Thursday for paying bigger bonuses last year, despite the bank's weak earnings. Shareholders large and small lined up at Barclays' annual meeting to accuse the company of putting the interests of its

It may be time for Wall Street banks to reconsider their traditional focus in favor of the less-glamorous world of consumer and commercial banking. Several of the major banks reported shrinking profits from their typically strong investment-banking

One of the oldest "rules" on Wall Street is "sell in May and go away." Based on some rough historical observations, someone decided that it might be a great idea to stay out of the stock market between May and sometime in the fall. FBN Securities

QUESTION: Hi Marty I am somewhat concerned about the events unfolding in Nevada, the encroaching tyranny and the future. Sometimes you say that everything will collapse in 2016. Does this mean that the government will collapse and thereby lose their

Eurozone CPI Flash Estimate, which is released at the end of each month, is an inflation index which measures the change in the price of goods and services charged to consumers. A reading which is higher than the market forecast is bullish for the

US Non-Farm Employment Change measures the change in the number of newly employed people in the US, excluding workers in the farming industry. A reading which is higher than the market forecast is bullish for the dollar. Here are the details and 5

Great news, Q1 was much worse than ourt awesome forecasts expected.. but that was all weather so our forecasts about the future are likely dead correct and that means escape velocity is coming... Stocks are rallying (and gold is fading)... but bonds

Three months ago, we discussed the increasingly close eye that regulators were keeping on Deutsche Bank (and in fact many other precious metal fix providers) as manipulation concerns shifted from conspiracy theory to conspiracy fact. At the time

This chart's value is in posing an if-then question: if today's S&P 500 follows these patterns, what will our reaction be? Longtime contributor B.C. recently submitted a chart that combines two interesting market tools: the Coppock Curve and

An excellent jobs report from the US sent the dollar higher. But the US dollar managed to maintain its gains for about one hour. While it is hard to find good explanations for this move, we can at least be thankful for a return of action to the

EUR/USD resilience is the name of the game and these last couple of weeks are just a case in a point. ECB speakers tried to talk the singl currency down, EUR/USD inched higher. Very strong US data that bet all of the expectations, EUR/USD still on

The Euro reminds us of the weather in London: One minute you are basking in sparkling sunshine, and the next minute the sky opens in a deluge reminiscent of Noah’s flood. Could it really be that peripheral countries’ interest rates are plunging and

The proud recipient of today's $250,000 invoice for propaganda rendered by Ben Bernanke will be the Economic Club of Canada... BERNANKE: FED ACTIONS DIDN'T FAVOR WALL STREET OVER MAIN STREET Bernanke Says US Economy Is Heading Towards Complete