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Basic recession economics says that when you end up with too much of something that you can't sell, you have to cut the price in order to move it. Discounting is a feature of those times. What about a monetary panic? This might sound weird, but same thing. In other words, if you have too muc...
People keep asking me what the Fed should do. I've been answering that question for 11 years, and my answer is always the same: Stop paying IOER right NOW . It was a mistake from the very beginning in October 2008. It's a contractionary policy, as even the Fed acknowledges . Why would yo...
Overview: The S&P 500 and Dow Jones Industrials sold off after the higher open and briefly traded below yesterday's lows. Investors seemed disappointed that the Trump Administration was not ready with specific policies after Monday's tease that had initially helped lift Asia Pacific and ...
Originally published March 3, 2020 Widespread fear of the Coronavirus has led to market turmoil and uncertainty, and it is important that the Fed responds accordingly. Scott Sumner is the Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center at George Mason University, and a...
By Paul Wong The U.S. Federal Reserve (the "Fed") made a surprise interest rate cut of 50 basis points on Tuesday, March 3, and gold bullion closed the week higher, above $1,670. This follows gold's February breakout from the critical $1,585/$1,600 overhead resistance range that we have hi...
By FS Staff The novel (COVID-19) coronavirus that swept through China is on the cusp of turning into a global pandemic, putting major pressure on global manufacturing - especially through disruption on the global supply chain - and, now, the much larger services sector as consumers cut bac...
Today was the greatest crash in Wall Street history by one measure and took down many other milestones. The Dow plunged 2,012 points in its largest single-session drop on record! Percentage-wise, it was down 7.8%, which still knocked out decades of lows, leading to "Black Monday" being the hot...
Everyone with a pension fund or 401K invested in stocks better hope the Fed becomes the buyer of last resort, and soon. Much has been written about what the Federal Reserve cannot do: it can't stop the COVID-19 pandemic or reverse the economic damage unleashed by the pandemic. But let...
Hand sanitizer is not the only commodity in short supply due to the outbreak of the coronavirus. Since late January, when the first case of the virus was reported in the U.S., investors have not been able to buy enough long bonds. Interest rates on 30-year bonds have fallen by 134 basis poin...
Easy Money Becomes Even Easier Last week, the FOMC surprised the markets with a rare inter-meeting rate cut. As the FOMC statement released on the occasion reveals, the decision to cut the Federal Funds rate by a hefty 50 basis points was unanimous. The much-lamented "zero bound" is coming...
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Grass Valley, California--(Newsfile Corp. - September 29, 2023) - Rise Gold Corp. (CSE: RISE) (OTCQX: RYES) (the "Company") reports that Nevada County (the "County") has announced that its Board of Supervisors will hold its public hearing on the Company's Vested Rights Petition (the "Petition")...
Grass Valley, California--(Newsfile Corp. - September 26, 2023) - Rise Gold Corp. (CSE: RISE) (OTCQX: RYES) (the " Company ") announces that it intends to raise up to US$500,000 through the issuance of up to 2,500,000 units (each a " Unit ") at a price of US$0.20 per Unit (~CDN$0.26928 per Unit),...
Grass Valley, California--(Newsfile Corp. - September 25, 2023) - Rise Gold Corp. (CSE: RISE) (OTCQX: RYES) (the "Company" or "Rise Gold") is pleased to report that Mr. Joseph Mullin has been appointed as President and CEO of Rise Gold and President of the Company's wholly owned operating subsidi...