The U.S. economy roared ahead in the second quarter of 2018 after increasing at a modest rate in the first quarter. Economic conditions have been fueled by strong corporate profits, healthy financial market conditions, and accommodative monetary and fiscal policies. If these trends persist, buoyant economic and labor market conditions are likely over the second half of the year.
Global Economic
Trump: We are going to put a 25% tariff on every car from the European Union – Gold Silver Reports
✅ President Donald Trump said Tuesday night that the U.S. would slap a 25 percent tariff on cars coming from the European Union.
✅ The president’s statement came hours after The Wall Street Journal reported that Commerce Secretary Wilbur Ross said he had postponed an August timeline to publish a report on auto tariffs.
Foreign Trade in July 2018: Slowdown @ a High Level – Gold Silver Reports
Gold Silver Reports – Foreign Trade in July 2018: Slowdown @ a High Level – After a stagnation in the previous month, exports and imports developed negatively. …
Moody’s Downgrades Turkey’s Ratings to Ba3 and Assigns Negative Outlook
Gold Silver Reports – Moody’s Investors Service (“Moody’s”) has today downgraded the Government of Turkey’s long-term issuer ratings to Ba3 from Ba2 and changed its rating outlook to negative, concluding the review for downgrade that was initiated on 1 June 2018. The senior unsecured bond ratings and senior unsecured shelf ratings have also been downgraded to Ba3 and (P)Ba3 respectively.
Turkish Central Bank to allow gold for foreign exchange and location swap deals – Gold Silver Reports
LOOKING SOME POSITIVE NEWS FOR GOLD
Citing a bank document, Reuters recently reported that the Turkish Central Bank would allow gold for foreign exchange and location swap deals.
In speaking with some of the world’s top business leaders I asked what it is that would make business (jobs) even better in the U.S.
In speaking with some of the world’s top business leaders I asked what it is that would make business (jobs) even better in the U.S. “Stop …
More on what’s Coming up From Fed Chair Powell at Jackson Hole – Gold Silver Reports
I posted earlier on confirmation from the Federal Reserve that Jerome Powell will be speaking at Jackson Hole