Jan
22nd
Tue
22nd
Turmoil Today
Today seems like a poster child day for the issues we predicted last week.
Fed slashes 75 bps so we are 75% there to our 100%, 100 bps prediction and 37.5% of the way to the 60% / 200 bps prediction
Global equities markets in freefall as they discover re-coupling.
Look at Kedrosky for why decoupling hasn’t exactly happened…
