Why Britain is still paying the price for Gordon Brown’s bullion blunder
The announcement stunned the markets, however. Adrian Ash, director of research at BullionVault, an online investment gold service, said: “It landed like a bombshell. I...
Central banks load up on gold in response to rising geopolitical tensions – The Irish Times
Central bankers who manage trillions in foreign exchange reserves are loading up on gold as geopolitical tensions including the war in Ukraine force them to...
Cash will become ‘less useable’ as high street goes contactless, says Bank of England
As cash continues to decline, new, non-bank financial institutions are likely to start issuing private money such as stablecoins – a type of cryptocurrency that...
Brace for QE all over again, and let us get it right next time
There has been no fundamental reset of the monetary process. The International Monetary Fund says that for all the noise we remain in the grip...
The Fed's Goose That Stopped Laying Golden Eggs
U.S. inflation, which has resulted from the Federal Reserve’s excess creation of money in 2020-21, is still with us. Now, we are just starting to...
Economist Updates Chance of Recession to 90% Despite Strong GDP Data Release: Steve Hanke – Video
Steve Hanke, Professor of Applied Economics at Johns Hopkins University, updates the probability of a recession to above 90%, despite Thursday’s preliminary Q3 GDP data...
U.K.’s Central Banker Struggles With Inflation, a Financial Crisis and His Own Government
LONDON—In late August, Bank of England Gov. Andrew Bailey was at a symposium in Jackson Hole, Wyo., when a New York University economist flagged a...
Bank of England warns of ‘apocalyptic’ global food shortage
The series of shocks to inflation are so severe that a Cabinet minister criticised the Bank over the weekend for failing in its “one job...
Japan’s Long Battle Against Deflation Looks Doomed To Fail
Japan’s central bank has stuck to aggressive government debt purchases, rock-bottom interest rates and near-zero long-term bond yields. The costs of this approach keep rising...