IIFT Daily Note with Peter Brown

Archive for December 13th, 2012


Distractions are gone, it’s about the Fiscal Cliff now

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FOMC meeting last night did more or less as the market expected. Continued easing. Market hit 1438 and then sold off. This pattern is common,’ buy the rumour sell the fact’.

Elsewhere we got the first steps towards banking union and centralised regulation. A complete waste of time . Did Continue Reading →