by Léonard Sartoni , Gold Broker:
The Fed bankers must be really upset: They haven’t even started to raise their base rate and markets are already in panic mode with the expected end to QE 3, just like junkies being told they might have to go into detox. The truth is that economic recovery is so fragile that it can’t go without monetary fixes.
The wind of speculation, brought about by much too low interest rates fixed by the Fed and the other central banks, is such that even turkeys have started to fly! In 2014, stock market euphoria and multi-billion dollar IPOs have reached new heights. Money has flown into all kinds of assets, including crypto-currencies. When the tide recedes we’ll be able to better see who was swimming naked.
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