Slovakia is not key in determining the fate of Europe as the European Union will likely carry on with the EFSF regardless of Slovakia's vote, wrote David Ader, market strategist with CRT Capital Group, in a research note. Ader added that he expects "more dire outcomes," including deeper haircuts and more bailouts of banks, before the EFSF is expanded. "The whole thing is one of fits and starts," he said.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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