Posts Tagged ‘central banks’
US Dollar Losing Steam
Friday, December 12, 2008 19:02 No CommentsThe 2008 US dollar rally is losing steam and may be coming to an end. I know that the run up in the currency left many in the financial world scratching their heads. How can the currency of a collapsing economy strengthen? Why, when trillions of new dollars are being created out of thin air, [...]
IMF Warns: Worst of financial crisis yet to come
Saturday, November 22, 2008 22:39 No CommentsThe IMF’s chief economist has warned that the global financial crisis is set to worsen and that the situation will not improve until 2010, a report said Saturday.”The worst is yet to come,” Blanchard said in an interview with the Finanz und Wirtschaft newspaper, adding that “a lot of time is needed before the situation [...]





















