Chinese Turmoil
Panic sets in in China: the following steps were taken: Interest rates were lowered by 25 bps to 4.60 from 4.85. Reserve Requirement Ratio (for big banks) lowered by 50 bps to 18.0 from 18.50. 22 Billion was pumped into…
FED Rate Rise – What Now?
For the FED to raise rates in September, growth in the US economy would need to clearly show up in the economic data. Inflation numbers were not really there given the strong US Dollar (imports are cheaper) and low oil…
