Rate Hikes: Sooner Rather than Later
SeekingAlpha.com (Free subscription) | 10/08/2009
Market Blog submits: W hen the Reserve Bank of Australia raised its key interest rate on Monday, triggering a global stock market rally after two weeks of losses in North America, one of the conclusions drawn from the move was that the global economy was recovering. However, Morgan Stanley’s Joachim Fels believes there is another lesson to be learned here: Central banks will be...
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