Is Yellen Targeting Mid-September for Rate Hike?

At a Wednesday meeting last week, the Federal Reserve left key interest rates unchanged and near zero, which means that the low-rate regime that began at least six years ago has been extended yet again. However, various mainstream media reports were in agreement that September might be the month when the Fed finally targets higher…

Read More

Greece Faces Bank Confiscations… As We Warned

Greek pain is far from over – and depositors should have seen it coming. Just the other day we wrote about the way wealthy Greeks were lining up for passports and worrying openly that cash-rich accounts could be frozen or even seized.  And now Reuters tells us it could be happening just the way it…

Read More