Fed a Creature of Financial Markets; The Draghi PUT; Global Crisis Coming Up
MishTalk
DECEMBER 25, 2015
Creature of Financial Markets Stephen Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, blasts the Greenspan Fed, the Bernanke Fed, and the Yellen Fed in his latest post The Perils of Fed Gradualism. A majority of financial market participants applaud this strategy. In fact, it is a dangerous mistake.
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