The Fed is suddenly looking very nervous, and by contrast, the Europeans don't seem anywhere nervous enough on the banking front.
Could that have had anything to do with the flurry of bank meetings in
the US. I have no idea, but I do have to wonder, with so much smoke
everywhere in the banking industry, is there a fire we need to know
Or maybe presidents and central bankers are just making sure things
generally hold together through the election cycle. Such a bad-news week
for banks around the world certainly doesn’t sound like all is well as
our smiling central bankers, president and V.P, say it is.
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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.
His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
Scott is a former President of Common Ground-NYC (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for (more...)
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