Posts Tagged ‘central banks’

US Dollar Losing Steam

Friday, December 12, 2008 19:02 No Comments

The 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, [...]

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IMF Warns: Worst of financial crisis yet to come

Saturday, November 22, 2008 22:39 No Comments

The 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 [...]

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