10.07.2013 - Does gold price collapse really represent confidence in the global economy?
Government policymakers should not allow gold's collapse to provide a false sense of accomplishment, argues Harvard economist Kenneth Rogoff in a recent article for Project Syndicate. Rogoff – influential yet much criticized because of his work with Carmen Reinhart on the relationship between public debt and GDP growth – suggests that a surge of "naïve investors" and weakening gold market fundamentals go a long way to explain bullion's recent decline...............................................Full Article: Source
Print