Whats Going Right and Wrong in U.S. Economy

Whats Going Right and Wrong in U.S. Economy

Here’s Whats Going Right and Wrong in the U.S. Economy Seven years into the economic recovery and three months before a presidential election, how is the United States economy doing? Two reports released on Friday reveal the ways in which the economy is humming along brilliantly — and the things that are very worrying. We’ll start with the good news. G.D.P. Better Than It Looks The big headline about second-quarter G.D.P. was that the economy grew at only 1.2 percent, far below the 2.5 percent that analysts had forecast. But…

Monaco has most millionaires per head

Monaco has most millionaires per head

Monaco has most millionaires per head in Europe – but London not far behind One in every three people in Monaco are millionaires, according to research into the cities of Europe that have the most high net worth individuals, with Zurich close behind. London ranks fourth. Millionaires on its Mayfair streets and penthouses may be more numerous than Monaco, but they account for only one in every 29 of the capital’s citizens. Edinburgh, ranked 16th, is the only other UK city to make it into the top 20, with an estimated one in…

Investors became Bitcoin buyers

Investors became Bitcoin buyers

Large Investors Become Major Buyers Of Bitcoin The world has woken up to the fact that the Central Banks are a curse, rather than a boom to the global economies, and their time left is slowly coming to an end because of new technologies and currencies I talked about last week. People are starting to park their money in digital currencies, like Bitcoin, rather than parking them in fiat currencies. This is primarily due to the Negative Interest Rate Policy as well as Zero Interest Rate Policy of the Central Banks, which…

Blowing Climate Change Efforts Off Course

Blowing Climate Change Efforts Off Course

How Renewable Energy Is Blowing Climate Change Efforts Off Course Is the global effort to combat climate change, painstakingly agreed to in Paris seven months ago, already going off the rails? Germany, Europe’s champion for renewable energy, seems to be having second thoughts about its ambitious push to ramp up its use of renewable fuels for power generation. Hoping to slow the burst of new renewable energy on its grid, the country eliminated an open-ended subsidy for solar and wind power and put a ceiling on additional renewable capacity. Germany may also drop a…

US economy exceeds expectations

US economy exceeds expectations

US economy exceeds expectations to add 287,000 jobs Figure comes after two months of disappointing job growth Unemployment climbs to 4.9%, labor department says The US economy added 287,000 jobs in June – exceeding expectations after two months of disappointing job growth. The unemployment rate went up to 4.9%, the Department of Labor announced on Friday. Economists polled by Reuters had expected 175,000 jobs to be added in June and the unemployment rate to go up to 4.8% – up from 4.7% a month ago. Friday’s report comes just days after the…

Economy is a Monopoly board

Economy is a Monopoly board

BILL GROSS: The economy is a Monopoly board, and everybody is losing Bill Gross thinks the world economy is playing a losing game. In his latest investment outlook on Wednesday, Gross said credit creation had reached its limits and there was nothing central banks could do about it. This means the global economy, which Gross said is based on credit creation, in turn is slowly grinding to a halt. To illustrate his point, Gross compared the world economy to the board game Monopoly. Here’s how it’s supposed to work, according to…

Welsh Reject EU

Welsh Reject EU

Welsh Reject EU, but Its Money Will Be Missed NEWPORT, Wales — David Adams co-owns a Welsh painting business. His leanings in the recent referendum to leave the European Union would seem obvious. Grants from the European Union have funded many of the projects he works on, including the former bank branch he was painting last week in this city in southern Wales. European Union funds also helped him hire apprentices, including his own son. And Wales gets back far more money from the European Union than it pays in. But many…

Post-Brexit crisis

Post-Brexit crisis

Post-Brexit crisis, what crisis? The FTSE 100 is roaring ahead It has taken just a week since the shock EU referendum vote for the best FTSE 100 performance in years. What’s going on? Find out here … The FTSE 100 has recorded its best weekly performance since December 2011 After an initial slump in the first two trading days following the Brexit vote, the index of Britain’s top 100 companies regained all its losses by Wednesday and is now at its best level since last August. The remarkable rebound has surprised analysts,…

Gold Bulls In Control

Gold Bulls In Control

Gold Bulls In Control After Brexit (GLD, PHYS) Gold surged after the Brexit referendum, posting a 2-year high, and could gain considerable ground in coming months. Meanwhile, gold funds are still struggling to clear the tops of rising channels put into place in February when momentum eased after the first round of the recovery rally. These stubborn resistance levels should give way to healthy trend advances, as early as this week. There are many ways to play the gold rally but traders often head straight to the worst choice: Vaneck Vectors Gold Miners ETF (GDX)….

Brexit’ Vote Already Has a Winner

Brexit’ Vote Already Has a Winner

Brexit Vote Already Has a Winner: The Gambling Industry LONDON — Ask for his opinion, and David Howe eagerly tells you how he hopes Britain will leave the European Union. “We need to take control of our borders,” he says. But these sentiments are, at the moment, as valuable to him as his personal views on Her Majesty’s latest hat. He is more keen to know how the rest of the British electorate is inclined so he can win some money. Mr. Howe is standing inside a William Hill gambling shop…