``What came to light as on odd discrepancy between GFMS' Chinese gold demand and "apparent supply" has proven to be a tenacious cover-up by the oldest consultancy firm in the gold market. And not only does GFMS publish incomplete and misleading data on Chinese gold demand, all its supply and demand data is incomplete and misleading. Show More Summary
Coming up with an answer isn't necessarily helpful when you can't even agree on the question. However Italians vote, it may take some time to figure out exactly what the result means to Italy, the Eurozone, the EU, and the global economy. Show More Summary
``The "Russians did it" story was greedily devoured by a growing segment of blue-state America that is beginning to fall victim to the same conspiracist tendencies that became epidemic on the political right in the last few years... Most high school papers wouldn't touch sources like these. Show More Summary
``The fact that the labor force participation rate is falling at the same time the unemployment rate is falling indicates that that there is a structural problem in the economy... [the] process is accelerating as technological advances...Show More Summary
While global stocks rallied in November, the gains -- $635 billion -- were outright puny compared to the $1.7 trillion wiped out in the much larger bond markets. On Thursday it got worse. It started in Europe where government bonds got...Show More Summary
``The Pirates, who vowed radical reforms, came third in the elections in which no party won an outright majority... "Earlier today, I met the leaders of all parties and asked their opinion on who should lead those talks. After that I summoned Birgitta Jonsdottir and handed her the mandate," President Johannesson said on Friday.''
... last night, two months after the silver settlement, Deutsche Bank agreed to pay another $60 million to settle the other side of the antitrust litigation: that of rigging the gold market... the preliminary settlement was filed on Friday with the U.S. Show More Summary
``Big international investors are holding huge short positions on Italian assets, the CEO of the Italian exchange said on Tuesday, days before the country holds a referendum on constitutional reform that could unseat Prime Minister Matteo Renzi... Show More Summary
``The total number of properties listed for sale on the Multiple Listing Service (MLS) in Greater Vancouver rose 3.6% year-over-year to 8,385. Which leaves us wondering, given the for-sale signs along entire blocks...''
... averages can cover up more than they reveal. On a city-by-city basis, a different scenario emerges, with rents going totally crazy in some la-la lands, as if it were still the summer of 2015, and in other cities, including the three...Show More Summary
``? As dangerous as this neo-McCarthyism is for our civil liberties, conventional false narratives of the new Cold War are no less dangerous for US national security and in particular the détente policies toward Russia that Trump has suggested he might pursue. Show More Summary
or those who have foreign currencies under the pillow, come change this to gold, come change this to Turkish lira. Let the lira win greater value. Let gold win greater value," he said during a televised speech in Ankara... In November...Show More Summary
The 93-year-old former secretary of state, who secretly brokered President Richard Nixon's watershed visit in 1972, returned to Beijing to meet with state leaders Friday, just two weeks after huddling with Trump in New York. While little...Show More Summary
``While the corrupt Modi regime has denied it has plans to block imports, this denial comes despite weeks of persistent rumors that the government intends to "impose curbs" on India's gold market. Based on these fears, premiums to buy gold in India jumped to a two-year high.... Show More Summary
Loan limits for VA mortgages have been announced and, like last year, will follow the conforming loan limits. Technically, VA loans do not have limits like conforming and FHA mortgages. The “loan limit” that is referred to with a VA loan is highest loan amount a Veteran can borrower without making a down payment. It’s […]
``As a result of this the US labor force shrank by 226,000 to 159,486K, down from 159,712K a month ago, and helped the unemployment rate tumble to 4.6%, the lowest level since August 2007. '' -- An excuse for the Fed to raise has been provided... (Note also per this report that average hourly earnings are actually slightly down on the month, belying alleged strength...)
The November Non-Farm Payrolls report shows a slowdown in wage growth. Inflation fears abate; mortgage rates drop.
``As President-elect Donald Trump's economic team takes shape, led by Treasury Secretary nominee Steven Mnuchin, investors are misguided in betting that promised tax cuts, infrastructure spending and deregulation will spur faster growth, according to an e-mail Thursday from Gross, the billionaire bond fund manager. Show More Summary
Refinancing activity increased in October, according to Ellie Mae’s recent Origination Insight Report. In fact, refinances across all types have shown a noticeable surge. The Report Ellie Mae is a premier provider of software services for the residential mortgage industry. Show More Summary
How much do mortgage lenders make on a home loan? Probably not as much as you think. However, there are ways for you to put less money in lenders' pocket, and keep more in yours.