LONDON (MarketWatch) — In times of war, hoarding food is illegal.
In a financial crisis, so should hoarding of cash by banks.
Seemingly every day, governments are announcing fresh initiatives — bank deposit
guarantees, rate cuts, capital injections.
But what’s the private sector doing, besides panicking and pleading for
assistance?
Now it’s time for the banks to do their part, certainly [...]
LONDON (MarketWatch) — European Central Bank President Jean-Claude Trichet on
Thursday acknowledged that rapidly deteriorating economic growth prospects had
diminished inflation risks for the 15-nation euro zone, opening the door to a
rate cut as early as next month.
“With the weakening of demand, upside risks to price stability have diminished
somewhat, but they have not disappeared,” Trichet said at [...]
LONDON (MarketWatch) — Inflation pressures in the euro zone have diminished
“somewhat” and downside economic risks have increased, European Central Bank
President Jean-Claude Trichet said Thursday, following the central bank’s
decision to leave its key lending rate unchanged at 4.25%. Trichet warned,
however, that inflation was likely to remain elevated for some time and noted
that wage growth has been [...]
DO THE MATH
At this point I really don’t give a crap, but if you do the math when
this share price was low of 10.27 last August Gold futures was around
675. Do the math at today’s price of 880. 675/10.27=880/x x=
13.38.
At today’s gold price. You would have to go back to 04-05 [...]
Stumble It!