Well that escalated quickly!
When I originally sat down to write this on Friday afternoon, the Federal Reserve had just announced the day before that it planned to inject further liquidity into markets, and did so barely over week after it announced a 50-point cut to its benchmark rate.
I had originally planned to write about the reaction in stock markets, oil, and especially the gold price in the wake of Thursday’s announcement. Specifically, whether this week would produce signs that we’re in a normal bear market or something worse, like a true deflationary like