We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
'The only way we avoid a wave of 'fallen angels' this cycle (BBBs that get pushed into 'junk'), which would create an intense tightening in financial conditions with knock-on effects across all risk asset classes, is for the corporates in question to repair their balance sheets.'
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
El-Erian: Fed chief Jerome Powell is trying to break the market's central bank 'co-dependence'Powell would likely say 'it's about time the markets stand on their own feet' in response to stocks sinking Wednesday following his press conference, economist Mohamed El-Erian says. elerianm His dual mandate is intrinsically linked with the overall health of US equity markets. elerianm The markets have been thriving on the sugar rush from the high levels of cheap liquidity. This is the crash from that rush. elerianm I wonder if it occurs to anyone both how futile and stupid that is. The Fed's mandate is to effect both inflation and unemployment which the market is very interested in and affected by.
Source: CNBC - 🏆 12. / 72 Read more »
Mohamed El-Erian: Fed chief Jerome Powell looks to break the market's central bank 'co-dependence'Jerome Powell would likely say 'it's about time the markets stand on their own feet' in response to stocks sinking Wednesday following his press conference, economist Mohamed El-Erian says. elerianm so 2008 was when America was great? Mission accomplished Mr. President. elerianm Mohd El Erian? Serves fake news media just right elerianm Yellen raised rates without this kind of disruption. Why isn't Powell following same communication strategy?
Source: CNBC - 🏆 12. / 72 Read more »