The U.S. economy is in a ‘sweet spot’. But markets may be getting one thing
wrong, says Goldman Sachs.
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Investors are possibly too pessimistic on the likely pace of Fed rate cuts
40 minutes ago
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Sunday, August 14, 2011
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"We're kind of moving from drama to trauma for a lot of the Eurozone countries," he said.
ReplyDeleteFinancial markets have suffered dizzying swings in recent days and weeks on mounting concern that the eurozone debt crisis and weak US economy could help see the world fall back into recession.
But Zoellick said how much impact the rollercoaster ride will have more broadly depended on how much the loss of confidence spread.