E.U. Delivers Its Rate Hike… U.K. Next or U.S. Next?
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While the United States could raise rates and not derail the recovery, Europe is in a situation that looks more and more like it is German policy management for the German economy. If you consider the woes of Portugal, Ireland, Greece, and Spain, the move seems almost baffling. The problem is that if you add all of those economies up, they are nowhere close to equating one Germany.
This was the first hike since mid-2008. When it is expected to occur there is just little very little reason sit around analyzing the move. The Titanic is sunk. No reason to rearrange the deck chairs.
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
