Big News out of the Central Banks



* U.S. FOMC



* Primary concern - inflation is too low

* no policy to "correct" the problem

* Preparing markets for additional stimulus





* Japanese Central Bank Doublespeak



* Japanese sales tax hike postponed

* Continued calls for more inflation

* Why is sales tax is different than inflation?





* Euro Decline



* Mandating "stability" by increasing inflation?





* Chinese Central Bank



* Cut interest rate to 5.6%









* Money flows to the dollar as a hedge because the market believes the Fed

* Gold has not dropped much against the dollar and has risen against other currencies



 

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