https://thegoldandoilguy.com/wp-content/uploads/2019/08/11.jpg 488 678 admin http://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.png admin2019-08-12 23:22:072019-08-12 23:22:07Global Central Banks Move To Keep The Party Rolling Onward
Global Central Banks Move To Keep The Party Rolling Onward
The recent news that the US Fed, China and many of the global central banks are continuing to make efforts to lower rates and spark further consumer spending and economic activity is reminiscent of the late 2010~2013 global economic recovery efforts. This was a time when the economy was much slower than current levels and when central banks were doing everything possible to attempt to raise consumer and business activity related to capital. The world’s governments and banks operate on a very simple premise – transactions and economic activity must continue to operate within a fairly standard range of consistency in order for tax revenues and transactional fees to drive profits/income. If extended periods of economic contraction persist, the capacity to function within standard operating parameters diminishes very quickly for these institutions. A -5% to -10% contraction in asset values, transactional business, tax revenues and/or consumer activity over an extended period of time could result in a catastrophic set of events taking place. All the credit issues and interest rate changes recently allowed us to profit from collapse in the stock market and rally in metals for a quick 24.16% profit last week.