July 11th, 2010
Market News & Updates
The International Monetary Fund recently released it’s growth forecasts for 2011 for major economic countries. The IMF says the global economy is recovering faster than expected but the UK is still in the doldrums. Interest rates were kept on hold at 0.5% in the UK Thursday for the 16th month running.
The European Central Bank also kept rates on hold at 1% for the 14th month running. Markets enjoyed the IMF’s growth forecast for global growth however which was upgraded from 4% to 4.5% but it was Asia that underpinned the overall growth. The IMF says growth in China will rise at an amazing rate of 10.5% and India not far behind at 9.4%. They expect Japan to be at 2.4% up from 1.9%, and the US at 3.3%.
June 1st, 2010
LTG GoldRock News
Just when we all thought the global financial crisis was over the Greeks have been smashing too many plates it seems and the world’s economies are threatened again.
You may recall that one of LTG GoldRock’s directors attended a major Financial Summit in Arizona a few months ago and we mentioned that some of the world’s leading financial economists predicted a double dip recession. It seems we are getting warmed up now for round 2 of the GFC (Global Financial Crisis). Stocks markets have soared in 2010 and some warned that it would only take a Greek style meltdown in one country or one bank to trigger things off again. Buckle Up!
For those of you living in Asia/Australia the Euro is often just seen as one currency that is used throughout some European countries and not much thought is given to the complex nature of how the Euro actually works. It seemed like a great idea 10 years ago when it was launched and it would solve all kinds of banking and trading challenges here in Europe, not to mention 10 different currencies all within approximately 1 hours flying time of London.
Exchange rate volatility would be a thing of the past for the Euro partners and life would be a bowl of cherries. 11 Countries initially joined up but one did not. The Brits may not win too many gold medals at the Olympics or win the tournament of tournaments in tennis in their own back yard, but they did kick a goal in my view not joining the Euro. They were criticised by many for not playing ball but in essence I think they made the right move. I won’t complicate things too much for you but consider this. » Continue Reading »
The International Monetary Fund recently released it’s growth forecasts for 2011 for major economic countries. The IMF says the global economy is recovering faster than expected but the UK is still in the doldrums. Interest rates were kept on hold at 0.5% in the UK Thursday for the 16th month running.
