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Prime cuts of freshly ground US dollars
I want a hippopotamus for Christmas.
Why? Because I’m currently stuck watching our economy. Our disgusting, filthy, disease-ridden, unteachable-and-unwilling-to-learn economy. So, if I’m going to stare at a dirty, fat, dangerous consumption machine, I would at least prefer to have people lined up and paying to see it.
Chopping away at a valuable economic weapon
The Fed cut rates again. The market goes up 359 points. Millions cheer. Only hundreds know what this will actually mean for the economy. I’m not even sure that I’m one of them.
Unfortunately, as far as the rate cut’s apparent influence on the advancement in…
19Dec2008 | Oxbury Research | 0 comments | ContinuedRate cuts trigger inflation fears
Marketwatch
Moming Zohu
The Federal Reserve, European Central Bank and four other central banks lowered interest rates in a coordinated effort to combat world’s deepening financial turmoil.
"Coordinated central bank aggressive interest rate cuts should lead to gold surging in value in the coming months" as "currency devaluations look increasingly likely," said Mark O’Byrne, executive director at Gold and Silver Investments.
Gold for December delivery gained $24.50, or 2.8%, to close at $906.50 an ounce on the Comex division of the New York Mercantile Exchange. It was the first time the contract topped the $900 level since Sept. 29.
The metal has…
9Oct2008 | The Real Deal | Comments Off | ContinuedFed Policymakers Look to Juggle Inflation, Stagnation
The U.S. Federal Reserve faces a tough challenge as it kicks off a two-day policymaking meeting tomorrow (Tuesday): It probably needs to start raising interest rates to prop up the U.S. dollar and offset a major escalation in inflationary pressures; but the economy needs low interest rates if it’s to maintain its anemic growth rate.
After one of the Fed’s most aggressive rate-cutting campaigns ever slashed short-term interest rates from 5.25% in mid-September to 2.0% now, experts now expect the central bank to reverse course. And this week’s two-day meeting of the policymaking Federal Open Market Committee (FOMC) represents the first…
23Jun2008 | Money Morning | Comments Off | Continued
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