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In March 2013 the index of producer prices for industrial products rose by 0.4% from the corresponding month of the preceding year. In February 2013 the annual rate of change was +1.2%, in January 2013 it had been +1.7%. Compared with the preceding

Japanese Finance Minister Taro Aso defended his country's fight against deflation this week, saying that the yen's decline is an unintended consequence of policies designed to boost growth. Japan is using a combination of monetary policy and

European Central Bank Governing Council member Jens Weidmann said the bank would only cut interest rates if economic data worsen. “We didn’t change interest rates at our last meeting as they are currently appropriate and in accordance with our

The euro extended its losses against the dollar to trade 1 percent lower on Wednesday after European Central Bank Governing Council member Jens Weidmann was quoted by the Wall Street Journal as saying the ECB could lower interest rates further if

It's not that the price is different, per se. When gold crashed on Monday, dragging market prices down to a low of $1321.50 an ounce from levels around $1560 only days before, holders of physical gold saw the value of their holdings decline as well

Bitcoin. It’s the raging topic at every financial media outlet in the world, the center of every “currency collapse” conversation from London to Tokyo, and I personally can’t open a page of Twitter feed without seeing the word at least four times

Gold officially entered bear market territory on Friday, down 20% from the cycle high. Prices fell below $1,500 per ounce for the first time Since July 2011. Frank Holmes at US Global investors told Business Insider that this was being driven by

The European Union and International Monetary Fund will not give Cyprus extra cash to help plug gaping holes in its finances over the next three years, officials said Friday. Cyprus needs to find 6 billion euros more than originally forecast to meet

There was widespread confusion over the funding of Cyprus' bailout on Friday morning, as media reports suggested the country had asked for a further 10 billion euros of aid. Dow Jones reported that Cypriot President Nikos Anastasiades would ask for

The dollar plummeted from a four-year peak against the yen on Friday after dismal data on U.S. retail sales last month reinforced expectations the Federal Reserve will continue buying bonds to support the U.S. economy. The yen's bounce, however

Gold has taken three sharp declines this morning: once around 5 AM ET, again around 8:15, and then again around 10:30. Despite weaker than expected retail sales figures and plummeting consumer confidence in the United States, it's down 4.5%, trading

Retail sales in the U.S. unexpectedly fell in March by the most in nine months as employment slowed, showing households ended the first quarter on softer footing. The 0.4 percent decrease, the biggest since June, followed a 1 percent gain in

Stocks saw a modest sell-off in the wake of some bad economic data. Gold, on the other hand, got destroyed. First the scoreboard: Dow: 14,865, -0.0 pts, -0.0% S&P 500: 1,588, -4.5 pts, -0.2% NASDAQ: 3,294, -5.2 pts, -0.1% And now the top stories

apan has struggled to keep its standing as the world's third-largest economy. For the past 15 years, it has been plagued by falling prices, making it the only major economy to undergo prolonged deflation since the Great Depression. Over the years

I had the opportunity this afternoon to connect with Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital. It was a fascinating conversation, which took place while gold was absolutely collapsing. During the interview, Peter

The big story today (and actually for awhile) is the collapse in gold, which has just fallen below $1500/oz. If you look on Twitter, or anywhere else econ types chat, there's a lot of glee over this news. Why should the decline of a relatively

There was a major sell-off across the financial markets today. First the scoreboard: Dow: 14,599, -265.5 pts, -1.7% S&P 500: 1,552, -36.4 pts, -2.3% NASDAQ: 3,216, -78.4 pts, -2.3% And now the top stories: Just before 3:00 PM ET, there were at least

The Dow and S&P 500 set another round of records last week but enthusiasm for stocks on Main Street remains muted, at best. Oh sure, there are plenty of stories about retail investors “rushing” back into the market but such analysis fails to put the

Gold tumbled below $1,400 an ounce, falling the most since 1980, after dropping into a bear market last week as optimism that a U.S. recovery will curb the need for stimulus cut demand for a protection of wealth. Silver, platinum and palladium

Gold has fallen 8.5% to $1,416 an ounce, its lowest level in two years, as fears of high inflation recede. Gold is traditionally bought by investors to protect against inflation, which erodes the value of cash investments. But investors are now