Markets didn’t know which way to go after Wednesday’s Fed rate cut. Expect
more volatility ahead.
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Investors didn’t know what to make of some of the Federal Reserve’s
messaging on Wednesday. That could portend more volatility ahead.
19 minutes ago
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Seed Newsvine
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They had made a clear calculation: that Italy's political system needed tearing up and cleaning out. They cast their vote for Mr Grillo's movement because they had lost faith in the old political caste.
ReplyDeleteIn Brussels, there was silence or the knee-jerk rant against populists or clowns.
Mario Monti was the darling in Brussels and Berlin, but Italian voters rejected him
What there was not was an understanding of the desire for fundamental change, or of the growing despair that Europe is not working.
Mr Grillo is full of flaws and risks and contradictions but he understood the disaffection and rage coursing through not just Italy but much of southern Europe.
'Failing' prescriptions ....cont/-