The Fed begins its long and gradual exit | Gavyn Davies – FT

Bull and bear in front of the Frankfurt Stock ...

Bull and bear in front of the Frankfurt Stock Exchange (Photo credit: Wikipedia)

This is an excellent article from Gavyn Davies, the respected macro-economist, writing in his FT blog. For me, this is probably the best article that I have seen on the Fed‘s policy change announced this week. It’s a STRONGLY RECOMMENDED READ, in my view. Check it out!

The Fed begins its long and gradual exit | Gavyn Davies.

Here is the FT’s bio profile on Gavyn Davies:

Gavyn Davies is a macroeconomist who is now chairman of Fulcrum Asset Management and co-founder of Prisma Capital Partners. He was the head of the global economics department at Goldman Sachs from 1987-2001, and was chairman of the BBC from 2001-2004.

He has also served as an economic policy adviser in No 10 Downing Street, an external adviser to the British Treasury, and as a visiting professor at the London School of Economics.

Reading this article, what came across very strongly was that the US labor market still has a long way to go to return to normality. The second most important point for me was that the bull market with its upward trend in prices was likely to continue.

Any thoughts?

 

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5 responses

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