Fed Effects on Europe
May 1st, 2008 | By Whiskey Contributor | Category: Macro Economics
Markets exaggerate in both directions. They create bubbles of overvaluation when expectations are high; they create troughs of undervaluation when expectations are low. At the present time, there is a struggle between optimism and pessimism, in which London is a good deal more optimistic than New York or Washington.
The Bank ...read more
