‘Act now or risk another deep downturn,’ OECD warns policymakers

Global policymakers have been warned by the Organisation for Economic Co-operation and Development (OECD) to “act now” to prevent “persistent and sluggish growth” and another economic downturn as it downgraded its global growth forecasts. In the OECD’s latest economic outlook published on Wednesday, the organization said that global growth had “languished over the past eight…

'Act now or risk another deep downturn,' OECD warns policymakersDetails

Yale’s Robert Shiller: No Regulation Can Stop Next Global Financial Crisis

Yale University Economics Professor and Nobel Laureate Robert Shiller warns that no amount of regulation can really protect the world from the next financial crisis because human nature is unpredictable. “The international regulatory framework has changed for the better since 2008, but no such changes can anticipate all the kinds of change in narratives that…

Yale's Robert Shiller: No Regulation Can Stop Next Global Financial CrisisDetails

Should I Buy Gold Locally?

Last quarter marked a 30-year high for gold, which is already up 18 percent this year. That kind of growth makes it the best performing major asset of 2016, according to Bloomberg. Recent surges are more than encouraging for gold buyers and holders; historically speaking, gold has maintained a positive return in 12 of the…

Should I Buy Gold Locally?Details

Druckenmiller: Get out of the Stock Market, Own Gold

Legendary billionaire investor Stanley Druckenmiller told Sohn Investment Conference attendees to sell their equity holdings Wednesday. “The conference wants a specific recommendation from me. I guess ‘Get out of the stock market’ isn’t clear enough,” said Druckenmiller from the conference stage in New York. Gold “remains our largest currency allocation.” The billionaire investor expressed skepticism…

Druckenmiller: Get out of the Stock Market, Own GoldDetails

Buffett: I Might Consider Taking Money Out of Banks If They Charge for Deposits

With persistently low interest rates around the globe, billionaire investor Warren Buffett told CNBC on Monday he’d consider taking money out of banks, especially if negative interest rates result in customers being charged to park their money in accounts. “There could be a point where you’d really want to start withdrawing currency,” Buffett said in…

Buffett: I Might Consider Taking Money Out of Banks If They Charge for DepositsDetails