Peter David Schiff, CEO and chief global strategist of Euro Pacific Capital Inc. believed that US economy is approaching to a massive recession. He thinks that the cut of interest rates by Federal Reserve last month was a big mistake. “They never should have taken rates to zero in 2008 and held them there for…
#U.S. president, Donald John Trump criticized the U.S. central bank several times and asked the #interest_rate to be cut by at least 100 basis points over a fairly short period of time. He believed that if it happens, both U.S. and #world_economy enhance quickly. It is well noting that market is not sensitive to these…
The rush of #investors to low risk properties including #bonds during previous weeks caused the bond’s interest rates to fell as low as 0% or even below this level! This issue has caused the 10 year #German mortgage-backed bond yields to fall further and further into negative territory and is now at -0.26%.
