Metals surge as U.S and UK economy grind to a halt
The U.S. economy is grinding to a halt as growth stalls and anxiety rises. The economy expanded by 0.1% in the first quarter down from 0.4% in the last quarter of 2015.
Growth in the United Kingdom has slowed to 0.4% as mainstream pundits blame uncertainty over July’s European referendum, while George Osborne feels it’s easier to blame the UK’s slowdown on a lackluster Chinese economy.
After endless rounds of money printing and monetary intervention it is becoming clear central banks don’t have the power to control the economic universe. If financial markets lose confidence in their economic masters there ...