The Gold Prices Newsletter |
A Currency Niche: The Case for Raising Interest Rates Posted: 31 Jan 2009 08:56 PM PST All major countries and central banks appear to be embarking on the same response to this crisis, which is cutting interest rates, loosening credit lines and devaluing the currency. In doing this the leaders hope to stimulate the economy with cheap and abundant credit, and boost exports with currency devaluations that should (in theory) make exports cheaper to overseas buyers. However, in practice these policies simply are not working (more…) Related on Gold Prices: Also See: |
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