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 an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. 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.
Monex has been a trusted name in precious metals investing for over 50 years. In this time, Monex Deposit Company and its predecessors have engaged in over $60 billion in customer transactions because of our dedication to customer service and satisfaction.