Surprising many who were expecting a rate cut from the ECB this morning, moments ago Christine Lagarde announced that rates would remain unchanged, with the all important deposit rate unchanged at -0.50%. However, in order to alleviate liquidity shortages, the ECB did...
From 1970 to present let’s investigate how gold reacted to various interest rate environments. A reader asked to see a chart of gold vs “real” interest rates. Real means inflation-adjusted. To calculate the real rate I subtracted year-over-year CPI...