Tags » Central Banks
Although it’s barely midway through the trading week, markets have had more than enough to digest since Monday to call it quits early. Unfortunately, with the lack of holidays in mid-August, the show must go on. 891 more words
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Engineering a state of exception comes with considerable risk. The Fed (and central banks in general) carries an implicit responsibility for orderly reemancipation of the markets, which makes stimulus unwind especially tricky.
Let me tell you something you might not know: Citi’s Tobias Levkovich has had it with what he calls “fake news” being spread by the bears. 1,741 more words