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We just received some incredible honest statements from Solita Marcelli, global head of fixed income, currencies and commodities at JPMorgan Private Bank (open only to wealthy investors with at least $5 million of investable assets). She told CNBC this week that the bank’s analysts are expecting to see gold prices go higher for the rest of Read the full article…
Yanis Varoufakis, a former finance minister of Greece, and currently Professor of Economics at the University of Athens wrote a very interesting piece about the need for a monetary reset, titled: Imagining a New Bretton Woods Because of it’s importance here’s the full text: AUSTIN, TEXAS – The financial meltdown of 2008 prompted calls for a Read the full article…
Kenneth Rogoff, Professor of Economics and Public Policy at Harvard University and former chief economist of the IMF (2001-2003) recently surprised investors with his call towards BRICS- countries (Emerging Markets) to buy huge quantities of gold. ‘There has never been a compelling reason for emerging markets to buy into the rich-country case for completely demonetizing gold. Read the full article…
On his blog for the Brookings Institution, former Federal Reserve chief Ben Bernanke has written a series titled “What tools does the Fed have left?” The entries that Bernanke has penned so far discuss three weapons — negative interest rates, targeting longer-term interest rates, and helicopter money — that the central bank can still wield to hit Read the full article…
China wants a ‘gradual increase in world-wide use of the IMF’s SDR’ and use both the U.S. dollar and the SDR’s to report the country’s reserves of foreign currencies. China will also consider issuing bonds denominated in SDR, People’s Bank of China Governor Zhou Xiaochuan explained in a transcript published on the PBoC’s website, according to the WSJ. His Read the full article…