India's 'de-monetization' scheme has caused chaos across the nation, and while SocGen says the government's plan may have some short-term success in curbing so-called 'black-money', investors should "brace for economic disruption" as Bloomberg reports the Indian government is considering a cap on cash holdings for individuals. As SocGen concludes, "people will now be more inclined to park their black income in gold rather than in currency."
“The 35.7% decline in distressed property sales drove the overall decline in Bay Area sales to its lowest level since 2001. The persistent trend of sluggish sales amidst rising prices has been the story for over a year now.”
Gold ETF Holdings have collapsed by 1.93 million troy ounces in the days since Donald Trump's election. This is the biggest decline since July 2013, a period when gold prices plunged to $1200 before ripping almost 20% higher in the next few weeks.
One of the bigger headaches hanging over Donald Trump as he enters the transition period of his presidency, was the ongoing litigation that his now defunct Trump University defrauded students. Well, no more. Moments ago, the president-elect agreed to settle fraud lawsuits relating to his Trump University series of real estate seminars for $25 million.
China's curbs to cool its overheating property market have a long way to go as October home prices grew at the fastest rate since record-keeping began in 2011, despite a significant slump in property sales volume as more discriminating buyers appear to have stepped back from the recent buying frenzy.
“He made time for me, even though he is busy with personnel matters,” Abe said after his meeting with president-elect Donald Trump. “I am convinced that President-elect Trump is a leader we can trust.” The pair agreed to meet again for broader and deeper talks when their schedules allow.
What Yellen and Trump don’t understand is that our nation is both debt-disabled and asset-bubble addicted, which requires interest rates to be near zero or the whole ersatz economy will implode. The bond bubble’s collapse will bring Trump to that reality very soon.
The dollar pulled back from close to 14-year highs on Tuesday, US and euro zone government bond yields fell and the price of copper tumbled as traders cashed in gains from a rally fueled by Donald Trump's victory in the U.S. presidential election. Was that it for the Trump "reflation rally."