Overnight price action was relatively subdued after Sunday to Monday’s overnight fireworks. The main news was Moody’s downgrading to negative outlook the sovereign debt of Germany, Netherlands, and Finland, due to the European support programs. …
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Here’s the important parts of the S&P release. In bold is the issue we’ve been incessantly talking about here at Risk Reversal for the past few months. (via WSJ) We have lowered the long-term ratings …
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WSJ Fed Chairman Ben Bernanke’s main message in his much-awaited Jackson Hole speech is essentially, “Stay Tuned.” In light of the slow economy, investors have been clamoring for the Fed to renew its quantitative easing …
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