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A Whole Lotta Nothing
“But Maybe Nothing Is
Better Than Something”
As expected, the Federal Reserve kept its key interest rate near 0% and claimed it stands ready to take additional steps such as purchasing longer-term Treasury bonds if such a move will help get credit flowing once again.
It seems their logic is that lowering the yield on government bonds will spur other lenders to lower their own yields. Hmmm, isn’t the mantra of cheaper money everywhere sounding familiar? Why, of course it is.
Cheaper money is exactly what helped inspire the crisis in the first place.
With reasoning like this, we’re glad they decided to do…
29Jan2009 | Oxbury Research | 0 comments | ContinuedExclusive Government Update
“The Sky Is Blue, Water Is Wet … and the U.S. Economy Is Officially In Recession”
Things are so bad now that even the government has had to admit the painfully obvious: the U.S. economy has ground to a halt and is now trying out the reverse gear. According to the official numbers, it’s going backwards at the rate of 0.5% as per the third quarter.
Bloomberg, eminently more sensible than the government, claims the recession actually began in 2007 which makes it the longest recession in nearly 20 years – already!
Aside from the negative GDP growth, the most worrisome number in…
4Dec2008 | Oxbury Research | 0 comments | ContinuedFrank Holmes: “When Inflation Erupts, Gold Will Take Off”
Expect short-term hesitancy in the upward movement of the gold price until liquidity returns to the markets, says Frank Holmes, CEO and chief investment officer at U. S. Global Investors and co-author of the new book “The Goldwatcher: Demystifying Gold Investing” (John Wiley & Sons). In this exclusive interview with the Gold Report, he predicts gold will go to $1,000, even $2,000, over the next two years. A growing money supply due to a change in government policies will help lift some juniors out of their misery, too. Holmes advises selective nibbling until conditions improve and names a…
21Oct2008 | The Gold Report | Comments Off | Continued
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