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19-09-2015, 12:33 PM
(19-09-2015, 11:47 AM)weijian Wrote:(18-09-2015, 07:41 AM)greengiraffe Wrote: Federal Reserve holds rate at zero; cites China worries
This is funny. Wasn't it only a little while ago that her fellow vice-chairman Stanley Fischer reminded everyone that the FED ain't the central banker of the world and its mandate wasnt fully focused on the tax-paying citizens of the Free World?
Oh wait, it looks either Dr Jane has gladly decided to assume the role of World Savior OR she wants to keep the USD more competitive and guarded against the ill effects of globalization that will unleash onto her Free World?
Some of the US economic figures are also fudged lah, their "real" unemployment rate would be super high if they included those drop out of workforce and gave up looking for work.
http://www.shadowstats.com/alternate_dat...ent-charts
You can roughly guess from their lack of wage growth things are not looking rosy at all for them. on Main street they are actually going through depression which is masked by the asset inflation from the successive QE.
Japan stimulus is not working and European one is probably near its end of life effect as well. Now only left China haven't gone to zero interest rate yet. Central banks running out of ammo liao...
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com
http://thebluefund.blogspot.com