The US Federal Reserve Board continues to run the Die Hard Playbook right into the hands of inflation and de-valuing of the US Dollar. They’re level of predictability has driven them to the point of becoming boring…but I still have to report on it…so here it is.
Tonight, the U.S. Federal Reserve cut to its lending rate to financial institutions to 3.25 percent from 3.50 percent, effective immediately, and created another lending facility for big investment banks to secure short-term loans. Go here to read the full story.
Now, in an incredible feat of clairvoyance and prophetization (I don’t care if it’s not a word), I am going to predict the following:
- Further $US Weakness
- Higher Gold Prices
- Higher Oil Prices
I’m scary. Cue the music from The Omen.
Regards,
George