Economy

India cuts interest rates more than expected

India central bank Raghuram Rajan interest rates

India’s central bank on Tuesday cut its key interest rate more than markets expected amid optimism that inflation will remain low and fears that Asia’s third-largest economy is slowing. Reserve Bank of India Governor Raghuram Rajan cut the repurchase-agreement rate by 0.5 percentage point to 6.75%. That brings the total easing by …

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Sweden shifting to a 6-hour work day

Happy workplace

Despite research telling us it’s a really bad idea, many of us end up working 50-hour weeks or more because we think we’ll get more done and reap the benefits later. And according to a study published last month involving 600,000 people, those of us who clock up a 55-hour week will have a …

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UBS set to blow cover on massive gold-rigging scandal

UBS gold

With countless settlements documenting the rigging of every single asset class, it was only a matter of time before the regulators – some 10 years behind the curve as usual – finally cracked down on gold manipulation as well, even though as we have shown in the past, central banks in …

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Swiss open major bank probe into precious metals market rigging

Precious metals gold

The Swiss competition regulator has opened an investigation into possible collusion in the precious metals market by several major banks, it said on Monday, the latest in a string of manipulation probes. Switzerland’s WEKO watchdog said its investigation, the result of a preliminary probe, was looking at whether UBS, Julius …

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Negative interest rates and QE4 is coming

Janet Yellen Federal Reserve

From Filip Karinja, for Birch Gold Group Despite the Federal Reserve running a zero interest rate policy (ZIRP) for 80 months straight and Quantitative Easing programs that have ballooned its balance sheet over $3.5 trillion, US GDP has struggled to reach 2%. It’s plain for all to see: They are running out of options to …

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Russia rapidly increases its gold reserves

Gold reserves Russia

Russia’s appetite for gold accelerated last month, with the country adding the most to its reserves since at least March. The nation increased holdings to 42.4 million ounces from 41.4 million ounces in July, the central bank said on its website Friday. The amount bought was about the same as the 30.5 …

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Deutsche Bank is headed for collapse in Germany

Deutsche Bank

Is something about to happen in Germany that will shake the entire world? According to disturbing new intel that I have received, a major financial event in Germany could be imminent. Now when I say imminent, I do not mean to suggest that it will happen tomorrow. But I do …

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Federal Reserve can’t raise interest rates

Janet Yellen Federal Reserve QE4

From Filip Karinja, for Birch Gold Group On Thursday, the Federal Reserve announced that it will leave interest rates as is, right near zero percent. Fed Chair Janet Yellen cited recent volatility in markets and uncertainty overseas as reasons to hold off from a rate hike. Since December 2008, the Federal Reserve has lowered the interest …

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U.S. stock market is relying on Apple iPhone 6s

Apple iPhone 6s

From Filip Karinja, for Birch Gold Group Ever since innovative genius Steve Jobs left us, it seems as though Apple has lost its shine. The product announcements made by Apple CEO Tim Cook earlier this week were anything but spectacular, and the “new” iPhone features presented were nothing breakthrough. In fact, they will …

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