Stephen Leeb on the missing presidential debate on ‘trickle-up’ economics and the energy war
Welcome to Capital Account. The global rate-cutting race continues, with two central banks lowering their interest rates in the past 24 hours. The Central Bank of Brazil and the Central Bank of South Korea lowered rates by a quarter of a percentage point, while China continued its easing policy to offset tight liquidity conditions. We talk to Dr. Stephen Leeb, chairman of Leeb Capital Management, about the global impact of loose monetary policy on commodity prices.