IIFT Daily Note with Peter Brown

Archive for August 2nd, 2012


Bernanke does nothing! Draghi?

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Fed chairman made a conditional promise of action. Basically they will do something if growth and unemployment don’t improve. Roll on to Friday’s Non Farm payroll then. Very dissapointing, but the market wasn’t expecting QE from Bernanke  as much as action from Draghi today. The market sold off but nothing Continue Reading →