Economy & Finance

China’s Gold Reserves Jump For 7th Month As Consumption, Production Slump

A new report from the China Gold Association, first examined by China Daily, said gold consumption in China reached 523.54 metric tons in 1H19, down 3.27% YoY, due mostly to offlining of production facilities, the demise of zombie company producers, and readjusting the industrial structure to a period of lower demand. <!–[if IE 9]><![endif]–><!–[if IE […]

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Weakening Dodd-Frank’s Volcker Rule Puts Depositors And Tax Payers At Risk

Former U.S. Federal Reserve Chairman Paul Volcker In an unfortunate decision, three of the four voting members of the board of the Federal Deposit Insurance Corporation (FDIC) voted to significantly gut the Volcker Rule, a risk reduction cornerstone of the Obama era financial reform law, The Wall Street Reform and Consumer Protection Act (Dodd-Frank).  The […]

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