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DRYBLOWER
Dryblower on Jackson Hole, the shot heard round the world
“DON’T fight the Fed” is one of the oldest pieces of investment advice <i>Dryblower</i> can remember with a demonstration of what it means delivered in the US on Friday when Wall Street dropped 3.1%, and gold fell by 1.2%.
Painful as those losses might have been for some investors the real message in what happened after a speech by Jerome Powell, the chairman of the Federal Reserve, the US central bank, is that Friday's...
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