Senior editor Ash Bennington joins managing editor Ed Harrison to talk about how EU leaders have closed in on its landmark recovery deal. Ash and Ed examine…
After 90 hours of negotiations, the European leaders managed to reach an agreement. The deal is a watered down version of the initial proposal. Concessions were made to win over the ‘Frugals’ (Netherlands, Denmark, Sweden, Austria)
"The Fed has essentially driven a gigantic wedge between the fundamentals – which we don’t think are very good at all – and the capital market pricing"
Never before has so much fiscal and monetary stimulus been injected in the economy in a single quarter. And never before has the scale of the stimulus matched the nation’s nominal output.