just as we thought the market would fall on the news of a rate cut , the game over rover , rate cuts are useless against a virus. add in the fake rally on US indexes as well
one of the reasons i ditched all my stocks in nz while back. often complained to broker that there silly market rule on transparancy and lack of liquidity would make it near impossible to ditch a big holding in a rush
your dead right , rbnz is fighting a losing game against bigger players. the fed fighting a losing game too how many QE's it going to take to right the ship ? looks like depression is the only way out of the rabbit hole
The Fed just cut interest rates to zero and official launched a massive QE program.... you Got any GOLD/SILVER yet ? or long term safe bonds with positive rates?
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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Originally Posted by Joshuatree
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