Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More

The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More

Probe of FBI agent leads to release of convicted drug dealers from prison … An investigation into possible misconduct by an FBI agent has forced authorities to quietly release at least a dozen convicts serving prison sentences for distributing drugs in the District and its suburbs, according to law enforcement officials, court documents and defense attorneys. – Washington PostDominant...Read More

China Is Very, Very, Very, Very Big … Larry Summers and Lant Pritchett have written a paper predicting a Chinese growth slowdown. In 2013, Barry Eichengreen, Donghyun Park, and Kwanho Shin wrote a paper with much the same message, which accurately predicted the recent Chinese slowdown from about 10 percent annual growth to about7.5 percent. In fact, the most basic model of economic growth, t...Read More

Gold Sharply Lower in Aftermath of Hawkish FOMC, Rallying Greenback; Silver Sinks to 4-Year Low … Gold prices ended the U.S. day session sharply lower and hit a three-week low Thursday. Precious metals have been hit hard by a stronger U.S. dollar and a surprisingly hawkish Federal Reserve. Silver prices slumped to a four-year low Thursday. December Comex gold was last down $25.50 at $1,199.4...Read More

The Fed's $4 Trillion Bet … The U.S. Federal Reserve announced … that it will halt the bond-buying program known as quantitative easing — one of the biggest experiments in economic policy ever attempted. The policy was a gamble, and it's too soon to be sure of the results. Nonetheless, the Fed was right to take the risk. – BloombergDominant Social Theme: Another bol...Read More

Enough! Mexico Is Ready to Explode … Mexico has been profoundly shaken by atrocities and high-level corruption in Guerrero. The earthquake's epicenter is Iguala, the state's third largest city. Fifty thousand marchers thronged Mexico City's main avenues last Wednesday, and demonstrations took place all over the country. More than 80 delegates to the Inter-University Assembly have...Read More

Facebook third-quarter revenue rises 59 percent, shares down slightly … Facebook Inc's mobile ads powered the social network past Wall Street revenue targets in the third quarter, even as the company revealed deep losses in its recently acquired WhatsApp business. Shares of Facebook, which are roughly up 47 percent this year, were down less than one percent at $80.20 in extended trading...Read More

The NRA Comes Out in Support of Warrior Cops … The current issue of the National Rifle Association's American Warrior magazine just hit, and in it, the gun lobby comes out squarely in favor of warrior cops. An article titled, "If You Were a Cop, What Would You Drive?" opens with a photo of an armored personnel carrier-style vehicle juxtaposed with a Volkswagen van. Rick Stewart...Read More

The Fed has its critics, of course, and its unique constitutional dispensation is challenged from time to time, but its political independence is mostly seen as a good thing. Yet the idea of replicating that idea, and creating other permanent, semi-independent policy-making agencies, almost never comes up. There's a reason for that. It's hard to imagine that an independent fiscal agency, f...Read More

U.S.D.A. to Start Program to Support Local and Organic Farming … The organic food business in the United States reached $35 billion last year. The United States Department of Agriculture … will spend $52 million to support local and regional food systems like farmers' markets and food hubs and to spur research on organic farming. The local food movement has been one of the fastest...Read More

Europe's economic and political future will be determined in the next few days … Europe is at a make or break moment. Two very different events on Sunday, occurring at opposite ends of Europe, will largely determine the entire continent's direction for years ahead: the parliamentary election in Ukraine and the bank "stress tests" and Asset Quality Review conducted by the Eu...Read More

The marijuana industry could be bigger than the NFL by 2020 … A report out from Greenwave Advisors, a "comprehensive research and financial analysis for the emerging legalized marijuana industry," projects that legal cannabis could be an industry with revenues of $35 billion by 2020 if marijuana is legalized at the federal level. They note that this is a floor representing revenues...Read More

The Rise of Bitcoin Is It Real Money If It Doesn't Come From the Mint? … Bitcoins introduced a lot of people to the idea of computerized money. Now the digital currency, which set off a minor frenzy when it broke into public consciousness in 2013, is trying to grow up and turn into something useful. – BloombergDominant Social Theme: Bitcoin could be money, maybe … Anyway, it&...Read More

The Race Is On to Find Organic Pesticides – Hunt for Beneficial Microbes Comes Amid Regulatory Scrutiny of Man-Made Chemical Insecticides … On his way to a conference in Orlando, Fla., Brian Vande Berg pulled his rental sedan over every 10 minutes to hike along beaches and marshes and occasionally stoop down to pack dirt into small, plastic vials. His target: microscopic, soil-dwelling...Read More

Denmark's central bank to stop producing money … The outsourcing of banknote and coin production will result in 100 million kroner in savings, the bank said. With more and more people paying with credit cards and their smartphones, Denmark's central bank Nationalbanken says it no longer pays to print banknotes or mint coins. – Denmark, The LocalDominant Social Theme: Digital mo...Read More

McDonald's May Sell More Organic Foods to Boost Sales … In today's "Morning Must Read," Bloomberg's Brendan Greeley recaps the op-ed pieces and analyst notes providing insight behind today's headlines on "Bloomberg Surveillance." McDonald's Corp. (MCD), which yesterday posted its fourth straight quarter of falling U.S. same-store sales, may look to sel...Read More

'Plunge protection' behind market's sudden recovery … Mysterious forces were trying their best, but they couldn't keep the stock market from swooning Wednesday. They failed in the morning, despite massive purchases of stock index futures contracts. Within minutes of the market's opening, the Dow Jones industrial average was down 350 points. Later in the day – after...Read More

Should you buy organic food? Is it just a status symbol, or is it really better for us? Is it really better for the environment? What about organic produce grown thousands of miles from our kitchens, in countries like India? Is organic better than local? A lot of consumers who would like to do the right thing for their health and the environment are asking such questions. "India's Organic...Read More

Zombie Ideas That Keep on Losing … The worst of today's political malfeasance is being driven by failed ideologies. Zombie ideas that refuse to die have become enshrined in our collective intellectual legacy. The people behind these have been insulated from the economic costs they impose. Blame the billionaires. – BloombergDominant Social Theme: There are so many bad memes. Why do...Read More

Uruguay's roll-out of marijuana experiment faces election risk … Uruguay is struggling to roll out the commercial production and sale of marijuana and its ground-breaking experiment could be dropped or watered down if an opposition candidate wins this month's presidential election. – ReutersDominant Social Theme: Cannabis legalization is too complex to work. The state has a nea...Read More

Here Comes the Internet of Money … Paul Volcker, the acclaimed former chairman of the Federal Reserve, famously questioned the value of financial innovation. He said he saw the point of the automated teller machine ("more of a mechanical innovation than a financial one"), but that was about it. Financial innovation was an unproductive competition for excess profit and a cause of in...Read More