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On Monday, It’s China Versus Greece

by John Rubino on June 28, 2015 · 19 comments

Fear and greed are both getting a serious workout lately, but Monday will be even more fun than usual because of two big stories that hit over the weekend. First, Greece decided to put the draconian demands of its European creditors to a popular vote, to which the creditors responded by cutting Greece off from […]

 

Another Week, Another Chinese Gold Mine

Though the true amounts are debatable, it’s generally conceded that China is importing a lot of gold. What’s not included in this calculation — but should be — are the deposits its mining companies are acquiring overseas. This gold-in-the-ground is just as much a national monetary asset as is metal accumulated by Chinese investors and […]

16 comments

Housing Recovery? Nah, It’s Just Spiking Mortgage Rates

This morning saw two very strong housing reports: First-time buyers lift U.S. home sales to 5-1/2-year high WASHINGTON (Reuters) – U.S. home resales surged to a 5-1/2-year high in May as first-time buyers stepped into the market, the latest indication that housing and overall economic activity were gathering steam in the second quarter. The strengthening […]

20 comments
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