China Debt Load Reaches Record High as Risk to Economy Mounts

China’s total debt rose to a record 237 per cent of gross domestic product in the first quarter, far above emerging-market counterparts, raising the risk of a financial crisis or a prolonged slowdown in growth, economists warn. Beijing has turned to massive lending to boost economic growth, bringing total net debt to Rmb163tn ($25tn) at…

China Debt Load Reaches Record High as Risk to Economy MountsDetails

Gold’s Best Forecasters See Rally Resuming on Rates Caution

Gold, one of this year’s best performing assets, has room to extend its advance, according to top-ranked forecasters, even as the rebound shows signs of losing steam. Capital Economics Ltd. and Cantor Fitzgerald LP are bullish as real interest rates will probably stay low even if the Federal Reserve raises borrowing costs in response to…

Gold's Best Forecasters See Rally Resuming on Rates CautionDetails

U.S. Regulators Fail ‘Living Wills’ at Five of Eight Big Banks

Five out of eight of the biggest U.S. banks do not have credible plans for winding down operations during a crisis without the help of public money, federal regulators said on Wednesday. The banks have until October 1 to resubmit their plans with serious “deficiencies” corrected, or face stricter regulations, like higher capital requirements or…

U.S. Regulators Fail 'Living Wills' at Five of Eight Big BanksDetails

Gold Strikes Highest in almost Three Week, Boosted by Rate Outlook

Gold prices shot to their highest in almost three weeks on Monday, setting the market on a steady course toward $1,300 per ounce, drawing confidence from an ultra-low interest rate environment. Weak economic data and uncertainty over U.S. monetary policy has contributed to risk aversion, boosting investor appetite for bullion and other assets perceived as…

Gold Strikes Highest in almost Three Week, Boosted by Rate OutlookDetails

Gold Rush by Russia Makes Up for Billions Lost in Currency Rout

Here’s why Governor Elvira Nabiullina is in no haste to resume foreign-currency purchases after an eight-month pause: gold’s biggest quarterly surge since 1986 has all but erased losses the Bank of Russia suffered by mounting a rescue of the ruble more than a year ago. While the ruble’s 9 percent rally this year has raised…

Gold Rush by Russia Makes Up for Billions Lost in Currency RoutDetails

Investors Are Still Betting Big on Gold. What Do They Know That You Don’t?

The stock market may be back on track, but nervous investors are still showering gold with tons of love. An impressive $13.4 billion was poured into gold assets over the past 11 weeks, according to Bank of America Merrill Lynch. That’s the largest sustained weekly inflow for gold since during the 2009 financial crisis. Gold…

Investors Are Still Betting Big on Gold. What Do They Know That You Don't?Details

Gold Rallies 1 Percent after Brussels Blasts

Gold rallied more than 1 percent on Tuesday as investors sought assets seen as a haven from risk after deadly bomb attacks hit Brussels airport and a rush-hour Metro train in the Belgian capital. The attacks killed 34 people, according to public broadcaster VRT, and triggered security alerts across Europe that brought some cross-border traffic…

Gold Rallies 1 Percent after Brussels BlastsDetails

Why was No One Prosecuted for Contributing to the Financial Crisis?

“This gags me.”  So said Elizabeth Warren in response to a Quora user, who asked, “What do you think are the real reasons that no Wall Street executives have been prosecuted for fraud as a result of the 2008 financial crisis?” Her answer, which she expounds on more thoroughly in her report Rigged Justice, is, “Weak…

Why was No One Prosecuted for Contributing to the Financial Crisis?Details