News — investment

Presidential Criticism of European Central Bank President Raises Fear of Currency Wars

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By John McDonald Despite suggesting earlier this summer that European Central Bank President Mario Draghi would be better in charge of the Federal Reserve than sitting chairman, Jerome Powell, President Trump has recently criticized Draghi for aggressive monetary tightening in Europe.  Draghi had signaled that the ECB could lower interest rates as early as July while speaking at a central-banking forum in Portugal. The euro responded by plummeting in value while global equity markets reacted positively to the news that the ECB might restart its bond-buying program to support the Eurozone economy. President Trump’s issue with Draghi’s policies came in...

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Fed Skeptical of Presidential Threats to Remove Chairman Jerome Powell

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By John McDonald President Trump is not shy about voicing his displeasure when other federal entities appear to fall short of supporting his goals for the U.S. economy. One individual who has routinely received public presidential criticism for fiscal policy is, not surprisingly, Federal Reserve Chairman Jerome Powell.  In fact, the two have held such divergent opinions in some instances that the White House reviewed the legality of removing Powell from his position.  This, also not surprisingly, set off a firestorm. While the White House legal team allegedly established a possible blueprint for demoting Powell instead of removing him, the...

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Billionaire Hedge Fund Manager: “Gold Has Everything Going For It”

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By John McDonald Paul Tudor Jones, billionaire founder and manager of hedge fund Tudor Investment Corp., said in mid-June that gold is his “favorite trade” right now and will likely remain so for the next 1-2 years.  “[Gold] has everything going for it,” he told Bloomberg, adding that if the precious metal reached $1,400, it would “push to $1,700 rather quickly.” That particular insight is likely extremely exciting to gold investors looking to buy the metal in July, given gold prices have been hovering right around $1,400 since the beginning of July.  Thanks to easing tensions on the world geopolitical...

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Are Investors Properly Heading the Warning Signs or Waiting out a Category 5 Hurricane?

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By John McDonald If you’re familiar with what happens during Hurricane season, you’ll remember that whenever a category 2 storm is headed to shore, local and state authorities will provide warnings to residents. The warnings usually center around locking things down around the house and staying inside. If the category advances to a 4 or a 5, the warnings turn into outright evacuation.  Although most head those warnings, there are many who don’t want to leave and decide they are capable of riding out the storm. At a certain point, if an evacuation isn’t completed by the time the storm...

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Gold Surging on Financial Uncertainty, Stock Market Volatility

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By John McDonald  Unlike the stock market, which makes a certain subset of analysts and investors nervous when the numbers get too high, gold values are surging and few expect them to fall in the near future, if at all. Thanks to wide-ranging uncertainty about the United States’ trade policies, fear that the stock market is flying a little too close to the sun, and ongoing controversy over just what the Fed’s predicted July interest rate cut will really do for the national economy, gold’s “power as a safety trade is not waning, but could actually be set to spike,”...

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