The European Central Bank (ECB) did it again. Mario Draghi and Co. continued slashing interest rates, expanded quantitative easing and pledged to fight ultra low inflation rates. It’s becoming quite interesting over in Europe. Here is what the ECB did on Thursday: – Cut the deposit rate by 10 basis points to 0.4 percent. – […]
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Donald Trump warns currency manipulation is ‘very dangerous’, wants tax on foreign products sold in U.S.
As many of us know, Republican frontrunner Donald Trump has vehemently criticized China, Japan and other countries for devaluing their currencies. According to Trump, these nations have eroded the value of their money so much that it makes it harder for the United States to compete and it takes away jobs from Americans. Speaking in […]
Bank of Canada holds key interest rate at 0.5%
The Bank of Canada (BOC) announced Wednesday that it’s holding its key interest rate at 0.5 percent. Central bank governor Stephen Poloz said in a statement that the benchmark interest rate would remain unchanged. The BOC said that it will take a wait-and-see approach and find out what the federal government will do to stimulate […]
Canada to put a new woman on currency by 2018
No, Queen Elizabeth doesn’t count. To mark International Women’s Day, the Bank of Canada and the federal government announced that it will put a brand new woman on its currency by the year 2018. Canadian Finance Minister Bill Morneau said that Canadian women have been “unrepresented” on Canadian banknotes. “In 2018, we will bring real […]
Where’s Walter Block? Donald Trump adviser says welfare opponents hate the poor
It was discovered by the Daily Caller this week that Republican Party frontrunner Donald Trump is being politically advised by Barry Bennett. Just who is this Bennett that we speak of? He was hired by a telephone company to promote Obamaphones and paint the program as something to help veterans. The ads engulfed the airwaves […]