Federal Reserve Delays Taper Continues Debasement

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Stock markets reacted positively on built of September. 18, with the Dow Jones Industrial Average gaining 134 points (0.9) to 15,659, an all-time high. The S&P 500 index rose 18 points (1.1%) to 1723, additionally a record the highest. The Nasdaq Composite Index rose 28 points (0.8%) to 3774, its highest level since 2000. Stocks had a modest correction on May. 19, while gold had its largest one-day gain (4.7%) since September 2008, rising $61.70 to $1,369.30. Bitcoin appear with regard to significantly influenced by the statement, with its value continuing its usual level of volatility.

12/19: Mark "dipthrong" Herm, an holdem poker superstar within the last few 5 years, joins BIG Dave and Steve Karp to discuss his deep run at EPT Prague. He also talks about his experiences as a backer in reference to his current gig hosting an online poker podcast. [Visit Website] [Download MP3].



Other details released on Wednesday show that the Fed's expansion of the monetary supply is not having their desired effect of growing prices from a rate of two percent per year, using latest projections predicting increases of first.2-1.3 percent for 2013, 1.5-1.7 percent for 2014, 1.7-2.0 percent for 2015, and particular.9-2.0 percent for 2016. The projected annual increase in gross domestic product (GDP) for 2013 and 2014 was revised downward to the June projection, with the 2013 projection dropping to two Cryptocurrency .0-2.3 percent from 2.3-2.6 percent, and the 2014 projection dropping to two.9-3.1 percent from three.0-3.5 percent.

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In 2008 the exchange rate was 3 Argentine Pesos to at least one U.S. Dollar (USD). So the USD wasn't universally accepted, convertibility into Pesos wasn't any problem. What i immediately noticed was how cheap specific things were like beef and public methods of travel. I felt like I may get a substantial meal with wine in the restaurant for a very reasonable price, and was within a big place. Prior to their economic problems, the exchange rate was 1:1.

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