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The Fed Raised Interest Rates, Now What?

The Federal Reserve Raises Interest Rates A Quarter of a Percentage Point The Federal Reserve Open Market Committee concluded their meeting last week with an announcement that they were raising […]

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India’s Cash Crunch Means Lower Gold Sales

India Suspends Rupee Exchange Program The Indian government has flip-flopped and reversed its announced Rupee exchange policy. When Prime Minister Modi announced the demonetization of 500 and 1000 rupee notes […]


Foreign Holdings of US Treasury Bonds Sink

Major Foreign Holders of U.S. Treasury Bonds Cut Their Holdings United States Treasury Bonds are the most liquid security in the world. Central banks hold U.S. Treasuries as reserves. In […]

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Janet Yellen Grilled Over “Political” Fed

If the Economy is Doing So Well, Why are Interest Rates So Low? Janet Yellen testified yesterday in front of Congress. She was grilled aggressively by Scott Garrett a Congressman […]