2023-07-28 Markets
A fair amount of interesting news came out during the week. The events receiving most attention were on the monetary front, where the FED and the ECB both raised rates while less noted was the move by the Bank of Japan which, for the first time in I don’t even recall how long, gave signs of a change of course coming in the not too distant future. — Economics was also in the news, with the IMF revising slightly upward its forecast for global growth and the US reporting stronger-than-expected second quarter GDP. Many factors probably contributed to these results, but the policies enacted by the Biden administration in the face of obtuse opposition in congress must be counted as perhaps the most sensible – and least recognized – ones.
[Cover: lavoce.info]
[Cover: lavoce.info]
