Both the IMF and World Bank are calling for the UN NOT to let rates rise for another year.
Just the announcement of Fed rate relaxation has hammered some emerging nation currencies.
Those organization have lowered world growth projections for next year (although the numbers are still decent).
Meanwhile the Greek crisis is coming to a head and the markets are going wild with enthusiasm - apparently thinking the problem is solved (for now).
Elsewhere, rate hedging asymmetries have caused "bouts of extreme illiquidity" in the $381 trillion market in bonds and related instruments. Yes $381 trillion. Think about that number. That's 22 times the size of the US GDP. And that's one sector of one industry.
So . . . somebody wrap this (and other indicators) up for us, please. Where are we headed, short and long term and what should we do if we are poor or well off, young or old...?
Just the announcement of Fed rate relaxation has hammered some emerging nation currencies.
Those organization have lowered world growth projections for next year (although the numbers are still decent).
Meanwhile the Greek crisis is coming to a head and the markets are going wild with enthusiasm - apparently thinking the problem is solved (for now).
Elsewhere, rate hedging asymmetries have caused "bouts of extreme illiquidity" in the $381 trillion market in bonds and related instruments. Yes $381 trillion. Think about that number. That's 22 times the size of the US GDP. And that's one sector of one industry.
So . . . somebody wrap this (and other indicators) up for us, please. Where are we headed, short and long term and what should we do if we are poor or well off, young or old...?
