More Rate Cuts (and Overt QE) Pending – Craig Hemke

by Craig Hemke
Sprott Money

Precious metals prices have rallied in 2019 as global central banks reverse their policies of tightening and rate increases. And now even more rate cuts and restarted QE are on the way.

If anything, none of this should come as a surprise to regular readers of these weekly updates. Though nearly every Wall Street economist was forecasting rate hikes in 2019, we stood firm with our forecast of recession and rate cuts. Even as late as May, there was some doubt that this year was unfolding in a manner similar to 2010. There’s not much doubt remaining now.

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