Banking Crisis In Europe, A Selling Stampede In Stocks And A Major Buy Signal In The Gold Market
KingWorldNews.com
January 28, 2016
With continued uncertainty in global markets, today two legends in the business sent King World News powerful pieces about the banking crisis in Europe and a major buy signal in the gold market.
January 28 (King World News) – Jeff Saut, Chief Investment Strategist at Raymond James: “A word means what I choose it to mean” is a close facsimile of the aforementioned quote. I was reminded of it as I read yesterday’s FOMC statement for there were a few phrases that stood out.
Our economist Scott Brown, Ph.D. writes, “Note that the FOMC also added one new line to its statement on longer-term goals and monetary policy strategy: The committee reaffirmed its 2% inflation objective, adding ‘The Committee would be concerned if inflation were running persistently above or below this objective.’ Persistently low inflation apparently is a concern for some officials.”
Scott also writes, “No change in rates, as expected. The FOMC recognizes that U.S. economic growth has slowed, while the labor market has continued to tighten. Both market and survey-based measures of inflation expectations have declined. The FOMC continues to expect ‘gradual’ policy adjustments (rate hikes), and is keeping a close eye on global economic and financial market developments. This seems a lot like what we saw in September (when the FOMC delayed raising rates).”
The Rest…HERE
