Central Planners To The Rescue

By |2012-09-09T16:25:10-04:00September 9th, 2012|Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The US stock market rose 2% last week based primarily on the perceived wisdom of various central economic planners around the world. Mario Draghi announced a new bond buying program in Europe designed specifically to circumvent the verdict of the market and prop up the governments of the peripheral countries. There are conditions which the beggar countries must meet before [...]