A debate between the inflation doves and hawks in the ECB is underway. We already know the winner: In a speech last week on the Risks of Low Inflation, ECB president Mario Draghi effectively said damn the side effects, more stimulus is coming.
A cold wind blew through the markets Friday and it caused investors once again to head for the exits.
Gold is the hitching post of the monetary universe. Jim Dines (quoted in The Maxims of Wall Street, p. 151)
According to new jobless claims, economic distress within the U.S. has spread outside of the oil patch states, as what had been a trend of improvement stoked by falling oil prices has apparently come to a clear end.