The Bank of England has kept rates on hold at its meeting today, contrary to market expectations. Sterling staged a modest rebound, albeit from multi-decade low levels against the US Dollar, as the central bank held fire on further stimulus activity. 351 more words
Tags » Stagflation
May 31, 2016
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Speculative traders abandon gold in latest week … Gold prices fell Monday, moving in the opposite direction of the U.S. dollar, which soared after comments by Federal Reserve Chairwoman Janet Yellen last week indicated an interest-rate hike could come this summer.
By Alasdair Macleod – Re-Blogged From http://www.Silver-Phoenix500.com
World-wide, markets are horribly distorted, which spells danger not only to investors, but to businesses and their employees as well, because it is impossible to allocate capital efficiently in this financial environment. 1,599 more words