European investors are fleeing Euro banks and flocking to gold, which is at an all-time high in Euro and British Pound.
Tag Archives: European Central Bank
Last week the World Bank warned that global growth is slowing. At the same time, central banks around the world have signaled they are ready to start the printing presses again in one way or another. Also, recent comments from a Federal Reserve official about rising levels of corporate debt and financial stability (possible debt […]
The European Central Bank shockingly slashed the 2019 Euro economic outlook from 1.7% to 1.1%. ECB President, Mario Draghi, told reporters, The weakening in economic data points to a sizeable reduction in the pace of economic expansion that will extend into the current year.