Greg Pickup

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The Wizard of Fed
By Greg Pickup - October 23, 1998
Last week the Fed made its celebrated preemptive strike on the financial markets by lowering the Fed funds rate by ¼%. The timing of the cut, coming after bond futures had closed and the day before the expiration of October equity options...
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In 1792 the U.S. Congress adopted a bimetallic standard (gold and silver) for the new nation's currency - with gold valued at $19.30 per troy ounce

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