Paul J. Markowski
I am hearing from Fed sources that two things are under consideration. One is a coordinated rate cut. Without the ECB and BOE joining the Fed it does not make sense for the Fed to go alone. The other is dollar intervention along with a rate cut.
The decline in stock prices is hardly the problem today - except for equity managers. It is the frozen credit markets that have to be unglued.
The decline in stock prices is hardly the problem today - except for equity managers. It is the frozen credit markets that have to be unglued.
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