I write this after Alan Greenspan and the US Federal Reserve moved to halt the slide in the US econo...
I write this after Alan Greenspan and the US Federal Reserve moved to halt the slide in the US economy with a surprise half-point cut in interest rates with the promise of more to follow. US monetary policy is arguably the leading indicator and most important variable for the UK equity market. Given that this is the first 'unscheduled' cut between official meetings since the Asian Financial crisis in 1998, and considering the size of the cut, there are some who are speculating that Greenspan knows something we don't. There has certainly been evidence of economic slowdown and declining con...
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