IIFT Daily Note with Peter Brown

The American’s are comming!

Posted by:  |  Time: 7:32 am  |  Topic:
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Big US influence in this crises now. The decision to provide funding to European Central Banks is important. It shows how deep the banking crises is in Europe. It also shows the US are fed up with efforts to fix it. Expect some Fed style solutions to emerge. QE maybe , possibly a TARP, i.e. buying bad assets of the balance sheets of the banks. Everything is up in the air and the markets are capable of doing anything. From a Greek default this weekend ( now unlikely ) to a meltdown in banking stocks. This market is likely to show some serious volatily today. Which way it will go I do not know. Have to wait to see the direction before I move.

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