Japan, Thailand and South Korea markets are closed. The RBA
cuts the key rate by 25 basis points to 2% as expected. Oddly, the Aussie
dollar is 0.7889 strengthening instead of weakening. Traders must think that
there are no further cuts planned by the RBA with
[Text is Redacted: Purchase May 2015-05 to Read the Complete Chronology]
Fed’s Kocherlakota, an uber dove, says rates should not begin to rise until 2016. The Fed loves to print money and the wealthy, that own stocks, are greatly appreciative of the never-ending Keynesian policies.
[Text is Redacted: Purchase May 2015-05 to Read the Complete Chronology]
Fed’s Kocherlakota, an uber dove, says rates should not begin to rise until 2016. The Fed loves to print money and the wealthy, that own stocks, are greatly appreciative of the never-ending Keynesian policies.
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