Interest rates are on holdfor now. Savers should enjoy it while it lasts.
The Bank of Japans decision to move rates from slightly positive to slightly negative was all about weakening the Yen.
Its another salvo in the currency skirmish thats playing out between China, Europe and the land of the (ever) rising debt.
Australia cannot afford to have our currency strengthen in a world of weakening demand. Our interest rates are headed lower much lower during the course of 2016/17.
The US share market finished down nearly 300 points. Mixed earnings results, a weaker oil price and overall uncertainty about whats happening out there seem to be the reasons for the negative result.
The beginning of the end of the greatest fraud in history…
Read the full article at: http://www.dailyreckoning.com.au/the-end-of-the-greatest-fraud-in-history/2016/02/03/