|
Five years after Lehman's collapse, how does the world economy look like? What does the Fed's decision not to taper quantitative easing mean for the US economy? Are we out of the Eurozone crisis as announced by some politicians? Are the fears of another Asian crisis justified?
So many questions Dr Andreas Höfert*, Global Chief Economist, gave answers to during his visit in Luxembourg from UBS Wealth Management 's quarters in New York. It is a common consensus that the Federal Reserve's decision not to taper or reduce quantitative easing got everyone baffled as it was not forecast by any economist, researcher or analyst.
Markets' reaction and especially Wall Street's was one of stupefaction and anger. Federal Reserve's President Bernanke's lack of...
|