Just when you thought it was all baked into the cake…whammo! Another pie to the face. Get ready for more pies. In fact, you could take your pick of pies this morning. The most painful pie was yesterday’s 4.3% decline on the All Ords. It was the worst day of the year for Australian stocks. Unemployment called in at 4.5% and said it would be ticking higher this year too. Given last night’s news stream from East and West, it does not look like a happy Friday…
January 16th, 2009 | Dan Denning | 4 comments | ContinuedAll Posts Tagged With: "zero interest rate policy"
The Dow Gives Up the Post-ZIRP (Zero interest rate policy) Gains
Yesterday, the Dow lost another 219 points – it has given up almost all the post-ZIRP gains. You remember ZIRP? Zero interest rate policy. Read on…
December 22nd, 2008 | Bill Bonner | 4 comments | Continued
