BI’s Joe Weisenthal opines: Whew. Those were a crazy couple
of weeks we just wrapped up.
Morgan Stanley's interest rate strategist Matthew Hornbach
writes:
When the history books are written or market participants
look at charts three months from now, the past two weeks may go down as the
most important of 2012 – aside from how the US government handles the fiscal
cliff (which may not occur this year anyway). The ECB introduction of the
Outright Monetary Transactions (OMT), China’s approval of construction projects
to spur growth, the German Constitutional Court decision that paved the way for
Germany to ratify the ESM and fiscal compact, and the Fed’s decision to
introduce an open ended purchase program – which may one day include Treasuries
– represent a bazooka blast of monetary and, to a much lesser extent, fiscal
policy support…”.
You can’t stop reading now.
Go to http://www.businessinsider.com/historical-impact-fed-decision-german-court-decision-omt-chinese-stimulus-2012-9
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