GOLD 0.51% $1,391.7 gold futures

@Andyglo "When the central banks are afraid or raising rates for...

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    @Andyglo

    "When the central banks are afraid or raising rates for fear of hurting the housing industry instead of doing what is needed I also think they are acting stupidly."

    I don't think that it is stupid if a central bank resists to call to blow up the economy for the benefit of a few rentiers.

    In AUD, EUR. GBP or USD, you will never see interest rates at 10% again in your life time. The economic structures that existed to produce high interest rates in the 1980's no longer exist.
 
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