Doug Casey and the editors at Casey Research are very skeptical that we are experiencing any sort of economic recovery. In our opinion, too many economic indicators are based on faulty data and optimistic assumptions. Our research suggests that a recovery isn’t sustainable yet. And with that, we lack the foundation needed to support the rapidly rising stock markets.

The Bank of England cut the base interest rate by 0.25% to 5% yesterday. So naturally, mortgage interest rates went up. Nationwide, Alliance & Leicester and Britannia all raised the rates on their fixed-rate deals, by as much as 30 basis points (0.3%) in the case of A&L’s two-year fix.