This Is Why The Dow Just Plunged Another 550 Points
KingWorldNews.com
February 08, 2018
On the heels of what has been a wild first few days of trading in February, this is why the Dow just plunged another 550 points.
End Of QE
By Peter Boockvar, author of the Boock Report
February 8 (King World News) – Here is what Peter Boockvar wrote as the world awaits the next round of monetary madness: While I don’t see how the Bank of England voted 9-0 to leave their benchmark rate at .5% while CPI is running at 3% with a straight face, they are doing what central bankers do. Instead of surprising us, they are laying the groundwork for a sooner than expected hike. They said “monetary policy would need to be tightened somewhat earlier and by a somewhat greater degree over the forecast period than anticipated at the time of the November report.” The underline is mine…
The Rest…HERE
