We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Stay away from danger

16 August 2007 By Edward Hadas

The market is banking on a Fed rate cut and ECB inaction. But the current crunch is a liquidity problem, not a rate squeeze. Lower rates wouldn t help money markets clear. But they might renew financial overconfidence. That s the last thing the world needs.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)