Today revised US GDP numbers for Q3 were released. While most commentators focused on the better than expected real GDP numbers I am on the other hand mostly impressed by just how stable the development in… 225 more words
Tags » Federal Reserve
THE DUTCH GET SOME GOLD, BUT WHAT ABOUT THE DEUTSCH? GOLD BAR MONTE, PART ONE
The Great Block’o’Gold Swindle (related post)
The U.S. economy expanded even more than originally estimated in the third quarter, thwarting economists’ expectations that gross domestic product would be revised downward.
GDP, the total value of all goods and services produced nationally, grew at a 3.9% pace in the third quarter compared with an initial reading of 3.5%, … 139 more words
Since 2009 the Federal Reserve, the American central bank, began a step-by-step program of buying financial assets (be it stocks, bonds, etc) from commercial banks (Citibank, Bank of America, etc) to liquidate those assets and turn them into cash that banks could then use to loan money. 302 more words
OPEC has an important meeting on November 27th. The market seems to be anticipating that, at “worst”, there will be a floor put under Brent around the current levels or, at “best”, prices will start trending up toward what the oil analysts view as the “natural” long run price of $95-$100 per barrel. 552 more words