3 September 2007
Global systemic crisis / Summer 2007 : Fed loses control on US interest rates and crisis reaches China and EU
GEAB N°16 is available! Global systemic crisis / Summer 2007 : Fed loses control on US interest rates and crisis reaches China and EU: "This second quarter's fundamental event about to shove most players' anticipations over the coming months, is certainly the final and simultaneous failure of the two key-strategies defined by US leaders, i.e.: . in the economic, financial and monetary fields, the Fed' policy initiated a year ago when M3 publishing was abandoned and aimed at substituting a financial and stock bubble to the bursting housing bubble in order to maintain US growth (and capital attractiveness) has now patently failed, thus entailing a historical loss of the Fed's control on US interest rates (for the first time since 1918, except in times of war or social/economic depression) "