skews13
Diamond Member
- Mar 18, 2017
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Donald Trump insists the U.S. isn’t in a financial crisis, of course. We’re gonna “win,” he says. Yet alarm bells are going off for some in the banking industry. Mark Cabana, a rates strategist at Bank of America Merrill Lynch, told CNN Business that the move was “unprecedented, at least in the post-crisis era.” Meanwhile, Jim Bianco, of Bianco Research, noted on Twitter that “nobody knows why (the spike in overnight borrowing rates) is happening,” saying it could “be a problem” if it continues.
Federal Reserve rescues markets twice, for the first (and second) time since 2008 financial crisis
Government borrowing has climbed because of a decline in tax revenue?
Hmm...
Federal Reserve rescues markets twice, for the first (and second) time since 2008 financial crisis
Government borrowing has climbed because of a decline in tax revenue?
Hmm...