The 13 percent plunge against the dollar last month swelled Russia’s Reserve Fund by 919 billion rubles ($14 billion), almost six times what the Finance Ministry borrowed on local debt markets last year, official data show. The $85 billion fund, established in 2008 to help cushion against economic slowdowns, has given Putin flexibility to stay out of the debt market for a second year and avoid shouldering borrowing costs that
Other data on Tuesday showing fairly brisk sales in January by the country’s leading automobile manufactures also offered a silver lining for a sector that has taken a hit from weak global demand and falling crude oil prices. “It suggests that activity will pick up in coming months,” said Jennifer Lee, a senior economist at BMO Capital Markets in Toronto. The department also said orders for non-defense capital goods excluding
INCREDIBLE NEW BREAKTHROUGH IN SILVER: This Will Change The World! – The impact of this discovery will be extraordinary, Scientists are already working on multiple applications….
After a wild week of chaotic trading, many investors have been left wondering what is next for the major markets and what is driving the crazy trading action in gold and silver? The piece below takes a look at a major event that shocked the world and what investors should expect next.
Bill Gross & Ray Dalio – Disaster Will Strike In 2015: Beware the Ides of March, or the Ides of any month in 2015 for that matter. When the year is done, there will be minus signs in front of returns for many asset classes. The good times are over….
10 Warning Signs – 2015 Market Crash Dead Ahead: Stock markets opened lower on the first day of trading of 2015, and the credit markets that forewarned the 2007 crash are showing signs of strain. The FTSE 100 slid on the first day of trading in 2015. Here are 10 warning signs that the markets may drop further….
How Demographics May Doom the Bull Market – Boomers in recent decades benefited from one of the largest increases in household wealth in human history…Members of the Greatest Generation were paying their mortgages when the value of the U.S. dollar was still tied to gold…
Putin Accuses West Of Terrorism & Declares Russia Will Prevail – Putin reiterated his view that the current economic crisis — which has seen the ruble plummet over 45 percent against the U.S. dollar since January and is expected to spur inflation to 10 percent by the year’s end — is only temporary and will end…