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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 374.85

0.0%

Nov 20 4:00 PM EST

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To: THE ANT who wrote (52486)	7/23/2009 12:44:59 AM
From: elmatador	Read Replies (3) of 217901

rate cut by 1/2 to a record 8.75% yesterday. Too much money around means its price must come down. Central bank President Henrique Meirelles and his seven board members had cut the rate by at least a full point in all four previous policy meetings of 2009. Besides there is no threat of high inflation. This is a first in the country's history. as price of money comes down, it is going to spread more evenly and more poor people can afort to have money. Brazil Central Bank May Pause After Slashing Rate to Record Low bloomberg.com

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