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Follow on Google News | ‘Cornerstone Worldwide’ – Potential Endgame for US Dollar.“Cornerstone Worldwide”: Dollar’s fortunes may be about to reverse.
By: Richard Drake The sources believe that Cornerstone Worldwide are expecting investors to switch focus on the effects of monetary expansion once the Federal Reserve sets out further plans to take public stakes in US banks. Measures taken by the Fed to quell the crisis in global markets have seen an additional $2 trillion added to its balance sheet. Cornerstone Worldwide believe that further bailouts and liquidity injections are on the way as more regional banks and corporations default as fallout from the crisis makes its way into the real economy. Cornerstone Worldwide has maintained a bullish stance on precious metals as protection against the inflationary actions of global central banks believing that governments would rather inflate their way out of the mountains of debt than raise taxes. End
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