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The Fed Talks about Lower Rates
Currency traders seem convinced that at some point, the Fed is going to hike interest rates once it’s obvious the economy is in better shape. Based on the recent Central Bank decision and following announcement, it appears that it is far from the thoughts of the members.
It was not unexpected that at the conclusion of [...]
2008 Recession Is Unstoppable!
A recession in the US appears unavoidable
From the International Herald Tribune
If history is a reliable guide, the recession of 2008 is now unavoidable.
The dismal jobs report released Friday showed overall employment to be lower than it was three months ago. Every time such a slump has occurred since the early 1970s, a recession has [...]
Black Monday
Black Monday – The Sharpest Fall
On October 19th 1987, The Dow Jones Index fell from 2246.73 to 1738.41. This was the largest ever recorded drop, almost double that of the 1929 crash . $900 billion in equity simply evaporated as stock markets around the world reacted.