Aug
20

Market Mayhem

stock marketRenewed oil and commodity price declines, along with deflationary pressures from a slowing China and its currency devaluation, has sown fear that developing nations will slow further, leading to capital outflows which will weaken their currencies and lead to even slower global growth. This has led to safe-haven investing in US government bonds, which pushed the stock market and interest rates down and gold up. Why today, who knows?

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