Mr. Shaman
Well-Known Member
- Joined
- Nov 27, 2007
- Messages
- 7,829
"The U.S. Federal Reserve on Thursday said that it was raising the discount rate that it charges banks for emergency loans. The move, despite being a signal the economy is on the right track, alarmed investors who have relied heavily on near-zero interest rates and have shoveled cheap money into ri$kier inve$tment$ like equities and commodities that yield more returns."
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Gee....whatta shame those investors will no-longer be able to roll-the-dice with TAXPAYERS-buck$ on-the-line!!!!!!!
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"The U.S. dollar hit an eight-month high against a currency basket in the wake of the Fed's surprise announcement."