Tag Archives: Bloomberg News

Banks are Bigger than you Think, and That’s NOT a Good Thing

TweetThe vice chairman of the U.S. Federal Deposit Insurance Corporation, Thomas Hoenig, reported in a mid-February interview that “U.S. banks are twice as big as they admit to being!” This image was so stark that the Bloomberg News reporter who … Continue reading

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Gold Imports by China Soar as Inflation Spurs Investment

From Bloomberg News, here’s an interesting article on how gold imports by China are soaring as inflation is a force we must reckon with by investing in gold. China‚Äôs gold imports jumped almost fivefold in the first 10 months from the entire amount shipped in last year as concern about rising inflation increased its appeal as a store of value.

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