"....stating that Bernanke is to do nothing at Jackson Hole...." What does this mean?
Bernanke to disappoint EURO positions?
Despite Euro-zone sovereign bonds continuing to be sold off, European Banks funding under stress with CDS at record highs, Greenspan believing that the common currency will break down, a plunge in the German ZEW investor confidence reading, an ifo Business Climate survey printing new yearly lows investors continue to grasp for any good news or news more positive than expected to keep the EUR buoyant. It also seems to prove that the market is no mood to go heavily short ahead of Bernanke’s highly anticipated speech tomorrow. Reports continue to do the rounds stating that Bernanke is to do nothing at Jackson Hole. ... (full story)