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The situation in China is starting to remind me of the US in 2008

I clearly remember this time of year 15 years ago. It was 5 months after the collapse of Bear Sterns and markets were full of complacency. The Fed was at 2.00% and offering no signals about cutting rates, despite an average of 66K job losses over the past six months.Markets were complacent.The August 5, 2008 FOMC statement read like this:Economic activity expanded in the second quarter, partly reflecting growth in consumer spending and exports. However, labor markets have softened further and... Read More

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Content Topics

Situation

China

Starting

Remind

2008

Forex

Posted: Aug 18 2023, 14:08

Author Name: forexlive

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