The Fed will buy up $300 billion worth of treasury debts plus $750 billion of mortgage-backed securities.
With the news, gold again rose to $950 level because of the massive injection of cash into the markets? What will happen to the dollar?
If the economy does not recover, we will have the double edged sword of stagflation - economic stagnation and price inflation. Looking seriously into gold now is probably a good idea...
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1 comment:
Hi,
I invite you to visit www.crisis-o-meter.com where you may express your opinion on the world economic crisis. It is a simple 20 seconds survey.
You can also generate important graphs and read about how people are influenced by the crisis all over the world.
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