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How Exceptional are Conditions?
How exceptional are market developments? Much rests on the answer. If these are extraordinary circumstances, then Japanese intervention becomes more likely. Of course, Japanese policymakers have been inclined to intervene before the UK referendum but were seemingly rebuffed by its G7 partners. In Europe, the designation of "exceptional circumstances" is critical. Such a designation could soften the EU strictures. Italy is on the leading the push in this direction. Like Japan, Italy suffered from pre-existing conditions. Essentially, by the time the Italian political situation allowed to address the banking system, ... (full story)
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- Jun 28, 2016 3:15pm Jun 28, 2016 3:15pm
- DonFF
- | Commercial Member | Joined Nov 2014 | 1969 Comments
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- Jun 28, 2016 3:53pm Jun 28, 2016 3:53pm
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.
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- Jun 28, 2016 5:09pm Jun 28, 2016 5:09pm
- ayngel
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- Jun 28, 2016 6:07pm Jun 28, 2016 6:07pm
- DonFF
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- Jun 28, 2016 6:09pm Jun 28, 2016 6:09pm
- DonFF
- | Commercial Member | Joined Nov 2014 | 1969 Comments