Diamond News Archives
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If the Fed doesn't slow the pace of its monthly bond purchases in the next few months, its balance sheet will be close to $9 trillion by yearend. In the past three months alone, its holdings have expanded by $384 billion, to $8.45 trillion.
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There simply aren't enough rich people to finance all the new spending.
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The Federal Reserve may hold off on its tapering announcement as the two political parties spar on raising the debt ceiling, sending Treasury yields further down, according to Guggenheim Investments. The decision, which most investors expect to come in November, could be delayed to December as the “upcoming drama” over the debt limit could lead to...
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- Category: News Archives
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Gold prices on Wednesday consolidated in a tight range near the key $1,800 level as softer U.S. inflation data fed uncertainty about the Federal Reserve’s tapering timeline.
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The government bean counters are working overtime to hide inflation. Yesterday’s Consumer Price Index (CPI) number would be hilarious if it wasn’t so damaging to Americans. According to the Bureau of Labor Statistics (BLS), inflation rose only 0.3% month over …
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