Federal Open Market Committee (Photo credit: DonkeyHotey)
Members of the Federal Reserve’s policy-setting committee pared back their expectations for short-term U.S. economic growth as a result of tepid consumer spending and employment growth, Federal Open Market Committee minutes reveal. The FOMC warned that a potential intensification of the European debt crisis and the looming fiscal cliff also present ‘significant downside risks’ to the outlook. As such, the FOMC considered new policy options, including a large-scale asset purchase program and the extension of the Fed’s low-rate pledge to jump-start the economy.
Euro (Photo credit: Images_of_Money)
Nice Interesting article and l see many reasons for believing Gold will not yet peak! There is however one irrefutable reason it will drop in the future and that is an end of the Euro Zone! In the meantime, people are making good returns!
European Central Bank (Photo credit: kumbarov)
With borrowing comes responsibility or so the story goes because this story gets more like a pantomime everyday. You can make your own mind up to which one and who plays certain characters but now we have a benefactor good olde ECB and what have they offered this Christmastide well money of course, well they are a bank. But not just any bank but the bank of last resort and what does the one in [drag-hi] do but buy up all the debt of other countries.
Now we should all be saying well done but instead we are saying he`s behind you and his name is not Abanazar, but something much worse the ” Ghost of Christmas Of Yet To Come ” namely a huge ” Debt Mountain ” but in the meantime people will still dress up and act out the pantomime until the very last act.
The it will be CURTAIN`S
Read the Article at HuffingtonPost