Central Bankers Have Declared War on Your Savings

Central Bankers Have Declared War on Your Savings By Andrew Moran When any one of the plethora of bubbles burst – pick your poison – and the next financial crisis impacts Wall Street and Main Street, how will the central banks and federal governments react? They have fired all their unconventional rounds of bullets, from subzero interest rates to vast money-printing. One other proposal could conceivably be giving your deposits a haircut, much like what occurred in Cyprus following the recession. This dyspeptic vision is not hyperbole nor is it…

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European Central Bank In Panic Mode as Economy Stalls

European Central Bank In Panic Mode as Economy Stalls By Andrew Moran The eurozone could not borrow from the momentum of the U.S. economy in the third quarter as economic growth slumped to a tepid 0.2% , the slowest rate in more than four years. With the 19-nation currency bloc beginning to stagnate, and the heavyweights failing to post significant gains, Brussels is in panic mode, likely leaning on the European Central Bank (ECB) for further stimulus. Economists originally anticipated growth of 0.4%. But global trade woes, tumbling business confidence,…

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