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The Bottom Line: Central Bankers are Worried
It’s a volatile day already, with a lot of news out there and markets erratic after three major central banks took easing measures, some better-than-expected jobs data, warnings from the ECB’s Mario Draghi, and German Chancellor Angela Merkel sounding like she’s trying to back off the purported “deal” at last week’s summit. Let’s try to make sense of all this. The upshot of all this appears to be that central bankers are worried about their economies being weak. That’s no surprise to anybody who lives in the real world, but it’s apparently a surprise in some quarters. U.S. stock futures are ... (full story)
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