Intraday Market Thoughts

Archived IMT (2010.05.18)

by Ashraf Laidi
May 18, 2010 16:57

ASHRAF's TAKE ON THE IMPACT OF THE GREEK CRISIS for the Council of Foreign Relations:

"The most common arguments against a destabilization of the U.S. economy by the eurozone sovereign debt crisis are 1) the activism of the U.S. federal government in mobilizing another TARP-like aid package for U.S. banks, 2) a compliant Federal Reserve willing to reopen the liquidity taps by buying (again) U.S. government bonds, and 3) the sole ability to print a currency in which globally held U.S. debt is denominated. ..."

Read the rest of Ashraf's contribution as well as that of a panel of experts.


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