Will worsening economic conditions and the war in Iraq bring about monetary easing?
*The Economist, March 16, 2008:
"THE Federal Reserve's rate-setting committee meets on Tuesday March
18th. The Fed has already slashed its key interest rate from 5.25% to
3% since last September. A further reduction of at least half a
percentage point is expected after next week's meeting, in response to
fresh signs of fragility in the American economy and the worsening
state of global financial markets.
THE fifth anniversary of war in Iraq comes around on Thursday March 20th. Last year's "surge" of American troops, along with help from Sunni tribes and a truce from the most troublesome Shia leader, Muqtada al-Sadr, has damped down violence. Even so American voters remain mostly eager to quit the country. And Iraqis continue to make only sporadic political progress on such matters as rehabilitating supporters of the previous regime and sharing power between regions."
*This information is solely a highlight of the opinion of a third-party publication and is incomplete. Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
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