More Stimulus And More QE Coming As The World Economy Falls Off A Cliff
“For quite a while the Fed has led the market to believe that there would have been a rate increase at their meeting this week. But of course that did not happen. So now the guidance is that there will be rate increases at the next two meetings, with the first one in September. But, Eric, soon the data-dependent Fed will realize that there will be no room for rate increases. Instead, there will be more stimulus and more QE, as the U.S., the EU and the rest of the world economy falls off a cliff.”
….continue reading Egon von Greyerz’s interview with King World News HERE