What’s going on here? When it came to the switch from currencies to the euro, the Germans gave up their Deutsche mark, the French franc disappeared, and the Dutch guilder was no more, the Greeks gave up their drachma, and the Italians retired the lira. However, the British pound remained the currency of choice for…
Tag: dollar
Ep 33: Freeze Frame
What’s Going On Here? The Federal Reserve said it would freeze the key US interest rate in place; Although it admitted that rates might ultimately trickle downward this year. What Does This Mean? There’s been much anxiety among investors about which way the US central bank would go. On the one hand, recent data has shown improving consumer spending, super-low unemployment, and American factory output picking back…
with HT 