If you are in Cyprus, your life’s savings hangs in the balance, as the government deliberates a controversial €10 billion [1]bailout agreement reached with the Eurogroup [2] that puts the country’s saving deposits down as collateral. The unprecedented bailout measure threatens to snatch €5.8 billion [3] from all savers in the country. Cypriots have had no access to […]
Housing Stocks- Market Reversal? Banks Not Feeling Stress…Yet
Dear Investor, The saga continues for the homebuilders. Last week, we saw the first steps toward consolidation in this sector when Pulte Homes (NYSE:PHM) bought out Centex (NYSE:CTX). This came on the heels of some slight improvements in existing home sales. Even yesterday, a builder sentiment survey showed an improvement among builders. That got investors […]
A township on the banks
A township on the banks of the river Niranjana (also called the Falgu), Bodhgaya is revered by Buddhists across the world as the place where the Buddha preached, meditated and attained enlightenment.The Mahabodhi Temple in Bodhgaya, marked by a 52 mt tall spire and home to a large gilded statue of the Buddha, stands […]
Cash Ban in India Causes Gold Sales to Plummet
India’s demonetization strategy is causing gold sales to plummet. The World Gold Council (WGC) released their gold market outlook for 2017, putting India in the spotlight. The country removed 85% of their cash out of circulation. A temporary negative effect on the country is expected as a result of the transition to new notes and […]
How the Arctic was divided up between the USA and Canada
There is the hypothesis that in the near future the Arctic may become the next region of contention and the central intersection of shared interests of the influential global Powers, occupying the same niche as the Middle East now. And this hypothesis is not a groundless one. According to estimates of the US Geological Survey […]
International trade – Is It at Risk as The Populist Clamor for Nationalism Becomes Louder
What does Trump and Brexit mean altogether for international trade? 2016 has been an eventful year and it is likely to go down the annals as the year that the trade map of the world was redrawn. The Brexit vote in June is a shocking vote that saw the United Kingdom voting to leave the […]
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