Forum > View Topic
by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:
USD
Discuss USD
The FED gives a damn' on economy. And it is not over yet.
http://online.wsj.com/article/SB100014240531119034
54504576490571851230178.html
You might be right as anything is possible with mkt irrationality, however I should point out that s&p ALREADY fell out of bed ! At some point a relief rally is inevitable but I should be very surprised to see it get anywhere near previous highs. Right now I worry about the impending liquidity crisis Cat (and other comentators) have been alerting. Not sure if you appreciate the degree of eurozone fundamentals deterioration this year which is truly frightening.
It will be interesting to see if 10yr yields continue on down as Roubini thinks possible.