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Fed likely to cut rates again in October, and 3 other things we learned
from Powell’s press conference
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Here are the main takeaways culled from conversations and research notes
from experienced Fed watchers.
50 minutes ago
1 comment:
... whether the E.C.B. is becoming a “bad bank” thanks to its purchases of troubled nations’ debt, Mr. Trichet, his voice rising, insisted that his institution has performed “impeccably, impeccably!” as a guardian of price stability.
Indeed it has. And that’s why the euro is now at risk of collapse.
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And, ...COLLATERAL DAMAGE is sure to follow, OBVIOUSLY.
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