“There is no limit to how low rates can go and how large foreign currency reserves can grow…The message is that if it’s not enough, we will do even more…Either we can expand our balance sheet or we can go deeper into negative territory with the interest rates. That is a possibility and no one should try to outguess us here…We can go on forever”.
Denmark’s Central Bank Governor Lars Rohde
Danmarks Nationalbank
Wikipedia
Connecticut’s attorney general sued Moody’s Investors Service and Standard & Poor’s over ratings the firms issued on risky investments.
In the civil lawsuit filed Wednesday, Atty. Gen. Richard …
Naomi Klein on Anti-Union Bills and Shock Doctrine American-Style
Continue reading the article . . .
Short-Term Gold Options Get Physical
CNBC (15 June 12)
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Nature | 21 February 2013
As they zero in on their sugary reward, foraging bumblebees follow an invisible clue: electric fields…
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“Buy the shock” is emerging as a new buzzword — and investment strategy — on Wall Street.” ~ Adam Shell on Brexit
By Catherine Austin Fitts
Overview
Equity markets made a sharp correction in t…
A young man named John received a parrot as an early Christmas gift. The parrot had a bad attitude and an even worse vocabulary. Every word out of the bird’s mouth was rude, obnoxious and laced with…