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
LONDON to HOLLAND & EU Countries.
Unfortunately this process is going too slowly for markets and too quickly for the politicians and their electorates, according to Aranda-Hassel, who believes the markets are overlooking the fact that fiscal union has two aspects.
ReplyDelete“The first—mutualization of national sovereign risk—is clearly a concern. But, by political necessity, it must evolve behind the second: the transfer of sovereignty from national governments to the federal EU level,” Aranda-Hassel said.