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Tweet Just read their first paragraph, it’s actually kind of cheering: The role of renewable sources in the global power mix continues to increase.
View post: Destruction of French Manufacturing Placed Squarely on Euro
Read More: One Paper and Another – Clouds and Methane
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The Financial Times reports ECB exit from easing remains far off, Draghi says . Speaking to committees in the French lower house of parliament, Mr Draghi said there were still downside risks to growth in the eurozone economy and the ECB was ready to take fresh action if needed. "On our policy stance, let me say that it’s been accommodative in the past, it is accommodative in the present time and will stay accommodative for the foreseeable future," Draghi said.
"Paradigm shift" to send gold sliding to $1,200 an ounce: SocGen And last but not least, what is probably the funniest headline yet delivered by all these newly minted gold bears: “UBS Says QE’s End May Render Gold ‘Obsolete’†A major theme of these forecasts is, you guessed it, the Fed’s alleged imminent ‘QE tapering’, and/or ‘raising of real interest rates’. To the latter we would point out that real interest rates (nominal interest rates relative to inflation expectations) have indeed risen lately, but it was certainly not the Fed’s fault.
Read More: Italy Faces Huge Losses on Derivatives Restructured in Eurozone Crisis
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