“In announcing ‘no change’ in rates yesterday, the Fed pretends that its policy is perfectly calibrated to deal with the current economy. In reality however, the Fed is pinned down by a cross fire of inflation and recession.” — John Browne
by John Browne
Baltimore – (TFN): Cheerleaders will face [...]
Tags: china, dow, europe, Fed, federal reserve, house prices, India, inflation, saudi arabia, stock markets, us
“Though it’s admittedly unpleasant to say so, there’s a point at which the effects of high oil prices are so great that in the short run they far outweigh one’s distaste for the thuggish Russian regime.” — Martin Hutchinson
by Martin Hutchinson
Baltimore – (TFN): New Russian President Dmitry Medvedev [...]
“Is the bloom finally off the rose? Some say the emerging market countries have great economic growth and fundamentals that are being ignored. Others say their markets are valued almost as high as the U.S. markets.” — Andrew Gordon
by Andrew Gordon
Baltimore – (TFN): Since 2002, foreign [...]
"The antitrust investigation is standard procedure, according to the commission. But when Mastercard went through the same standard procedure last year, the commission ruled that its exchange fee system was contrary to the EU’s antitrust rules." — Stephanie Grimmett
by Stephanie Grimmett
Baltimore – (TFN): Maybe Visa already knew this was coming three years [...]
Tags: antitrust, bx, china, commission, eu, europe, lfc, life insurance, ms, NYSE, sovereign fund, v, visa ipo
"They had the power to open up the money spigot, keep it as is, or tighten it. They were all aware of the Fed’s increasing inclination to lower the U.S. benchmark rate to help fight off recession. If it made sense in the U.S., why wouldn’t it also make sense in Europe?" — Andrew Gordon
by Andrew [...]