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Email this article: Don't catch recovery fever, says Peter Schiff
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Posted: Thu April 5, 2012 4:57 pm
INTERNATIONAL. The first few days of April have seen a sharp dollar rally and decline in gold. This is rooted in deflated expectations of a third round of Quantitative Easing. Once again, the markets are responding to the headlines while losing sight of the fundamentals.
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UAE. Business conditions improved at the strongest rate in six months, driven by sharper expansions in output and new orders. Marked growth of new work resulted in greater pressure on operating capacity, however, as backlogs of work rose at the quickest pace since the survey began in August 2009.
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