Monthly Archives: April 2012

Bloomberg.com By Emma Ross-Thomas and Simone Meier April 30, 2012 Spain’s economy contracted in the first quarter, putting the euro region’s fourth-largest economy into its second recession since 2009. Gross domestic product fell 0.3 percent, the same as in the previous three months, … Continue reading →

Yahoo! News By Nigel Davies, Reuters April 27, 2012 MADRID (Reuters) – Spain’s sickly economy faces a “crisis of huge proportions”, a minister said on Friday, as unemployment hit its highest level in almost two decades and Standard and Poor’s … Continue reading →

The Economist By The Economist Staff April 27, 2012 CHRISTINE LAGARDE, the IMF’s managing director, boasted of a “Washington moment”. At its spring meetings in the American capital this month, the fund saw its lending power almost double, thanks to … Continue reading →

USA Today Money By Pan Pylas, Associated Press April 27, 2012 MADRID – The hole in Spain’s economy is getting deeper. The government reported Friday that unemployment rose to 24.4% in the first quarter — compared with 22.9% in the … Continue reading →

Business Insider By Goldcore April 26, 2012 While gold demand from the western investors and store of wealth buyers has fallen in recent months, central bank demand continues to be very robust and this is providing strong support to gold … Continue reading →

Yahoo! Finance By Morgan Korn April 26, 2012 Zac Bissonnette hates student loans. Good thing the 2011 University of Massachusetts graduate and author of the new book “How to Be Richer, Smarter, and Better Looking Than Your Parents” does not … Continue reading →

ZeroHedge.com By Phoenix Capital Research April 26, 2012 (Originally Published April 21, 2012) Spain is about to enter a full-scale Crisis. A few facts about Spain: • Total Spanish banking loans are equal to 170% of Spanish GDP. • Troubled … Continue reading →

MarketWatch By Deborah Levine April 25, 2012 NEW YORK (MarketWatch) — The dollar edged down and Treasury prices remained under slight pressure on Wednesday after a report showed U.S. durable goods fell 4.2% in March, more than economists expected. The … Continue reading →

Kitco News By Allen Sykora April 25, 2012 Commerzbank looks for central banks to remain net gold buyers this year, as was reflected by March data from the International Monetary Fund released on Tuesday. Central banks from emerging economies were … Continue reading →

Yahoo! Finance By Jan Harvey of Reuters April 24, 2012 * Dollar’s softer tone, official sector buying underpin gold * Markets eye outcome of two-day Fed meeting * Mexico, Russia lift gold holdings in March, Argentina in Sept * Russia’s palladium exports to Switzerland … Continue reading →