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EUR-USD Exchange Rate Could Hit Parity, Says Analyst The euro has lost at least 1.5% to the U.S. dollar, plummeting to 1.1168. The EUR-USD exchange rate dropped in response to news of the decision by the central bank to leave interest rates unchanged. Presumably, the ECB’s continued quantitative…

On the topic of investing in gold, billionaire investor Ray Dalio said something very interesting: “If you don’t own gold, there is no sensible reason other than you don’t know history or you don’t know the economics of it.” What he meant was that gold is an alternative…

Greece, one the most troubled nations in the eurozone, has elected a radical left-wing political party named the Syriza that’s against the austerity measures placed on Greece by the “troika”—that’s the European Central Bank (ECB), the European Union (EU), and the International Monetary Fund (IMF). Syriza wants to…

Three weeks into 2015 and gold prices are already up 10% for the year. Gold stocks we have been recommending in our paid-for newsletters had a spectacular start to the year, having rebounded nicely from their oversold levels. Going forward, I expect the gold prices to move higher…

So the S&P 500 has touched the 2,000 mark. Will the S&P 500 continue to march to new highs? Well, my opinion towards the stock market hasn’t changed. I remain skeptical for a variety of reasons, many of which I have shared with my readers over the past…

This morning came the news that Italy, a country very close to my heart (just look at my last name) and the third-biggest economy in the eurozone, is back in recession. And Germany, the biggest economy in Europe, saw factory orders in June drop by the most since…

We are hearing more and more about interest rates getting ready to rise. The Federal Reserve itself has said it expects the federal funds rate to increase to 1.5% by the end of next year and to 2.25% by the end of 2016. Before the Fed came out…

While the Federal Reserve has cut back on its money printing program, the fact of the matter is that the “official” U.S. national debt is closing in on $18.0 trillion. The unofficial national debt (when obligations like Social Security, Medicare, Medicaid, welfare, and now Obamacare are taken into…

Many central banks within the global economy are involved in printing more of their paper money (often referred to as “fiat” currencies). There’s a race to devalue currencies in hopes to revive economies and maintain a competitive stance. Countries believe that by printing more of their fiat currency,…

Export-oriented provinces in the Chinese economy have turned pessimistic and anticipate exports will only grow at the rate of five percent this year. In 2012, they targeted an export growth rate of eight percent to 10%. What’s troublesome about this is that exports from the Chinese economy account…

The eurozone credit crisis is taking center stage once again. As I have been saying in these pages, it is far from over, even though the European Central Bank (ECB) has announced that it will do “whatever it takes” to save the eurozone. Economic conditions in the region…

While the eurozone crisis is not front-page news like it used to be about a year ago, I see economic conditions in the eurozone actually getting worse. The economic slowdown in the region is becoming more severe as the days pass—even with the European Central Bank announcing it…

When the U.S. economy was on the verge of collapse after the financial crisis of 2008, the Federal Reserve came to the rescue. The central bank provided the financial system with quantitative easing—it printed money and bought bad debt from the big banks. Today, the Federal Reserve will…

Newsflash: the central bank of Germany, the Bundesbank, is raising red flags about the growth of the German economy. The bank expects Germany’s gross domestic product (GDP) to only grow at 0.4% in 2013, compared to a previously forecasted 1.6% in only June of this year. Similarly, another…

This morning there’s news that Italy’s Prime Minister Mario Monti could be out and former Prime Minister Silvio Berlusconi back in, clouding the future of the eurozone’s third largest economy. With politics at play in many troubled eurozone countries, and as I have been harping on in these…

Auto sales data just released for the month of November have caught my eye. Auto sales in the U.S. economy have increased to a level similar to the level in January 2008—15% in November 2012 from November of 2011. Car sales are now running at the annualized rate…

If we had any hopes about the corporate earnings of big-cap companies improving, those hopes are close to being thrown out the window now. The most basic calculation of profit includes two factors: sales and costs. If costs increase, then corporate earnings suffer. If sales decrease, corporate earnings…