Credibility is a funny thing. It takes a long time to develop, but it’s lost fairly quickly. Credibility is a word that refers to the believability of a source or message. And there are two components of credibility: Trustworthiness and expertise. For example, in the world of journalism, professional integrity is the cornerstone of a…
On March 10, The Reserve Bank of New Zealand (RBNZ) surprisingly cut rates by a quarter of a percentage point to 2.25 per cent, and then, NZD/USD instantly fell nearly 2 percent. Interestingly, just two months earlier, Reserve Bank Governor Graeme Wheeler sounded as if there would be no upcoming rate cuts, and the markets…
On March 10, 2016, the European Central Bank (ECB) announced their current monetary policy decision. The financial markets heard that they were cutting interest rates in the eurozone, expanding its money printing program, and reducing a key deposit rate further into negative territory. The intention of all this was to revive the economy and fend…
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