The economy is stronger than it looks, said Dennis Gartman, The Gartman Letter, sharing his outlook on gold, the next Fed chairman and the fate of Treasury rates.
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Greece will probably default but will not leave the euro zone, Fitch credit ratings agency said on Tuesday, as pressure increased on the Greek government to push through with fiscal reforms.
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Jacob Kirkegaard, Senior Research Staff at PIIE says the ECB will not be cutting rates now or in the near future. He also believes that rates will be on hold for the rest of the year.
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Steve Hilton, David Cameron’s enigmatic strategy director, has startled colleagues by proposing the abolition of maternity leave and all consumer rights legislation, as part of an initiative to inject life into Britain’s sluggish economy, the FT reported.
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