Daily Pfennig® | Economic happenings around the world

Gold 2
On April 4, 2017, hundreds of people flooded the local Syrian hospital – from the patients’ rooms to the operating rooms and the corridors. Some were dead on arrival, the result of asphyxiation. Others presented symptoms like pale skin, sweating,…Read More
Timothy Smith
Last year turned out to be a great year for commodities generally. For the first time in five years, Bloomberg’s Commodities Index ended up in 2016. Industrial metals led the rally, jumping almost 20%. Gold ended the year 8.5% higher.1…Read More
Stock Market Chart on Blue Background
For the past few years, investors have talked about the possibility of a “great rotation,” whereby investors would move assets from bonds into equity funds. It never really came to fruition. But now, some analysts believe this could be happening.…Read More
“Gold touches two-month high as Trump uncertainty hits dollar.” 1 “Gold ends near 10-week high in Trump era as dollar wobbles.” 2 “Gold Hits 2-Mo. High On Safe-Haven Demand, Weak U.S. Dollar” 3 These are just some of the recent…Read More
Oil refinery at twilight
If you ever took Econ 101, I’m sure you remember the concept of “prisoner’s dilemma.” It shows why two completely “rational” individuals might not cooperate, even if it’s in their best interests to do so. The basic version goes like…Read More

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