"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
As Some High-risk Assets Take a Hit, Investors Fear Worse Is to Come
Submitted by Emmett Harris on Tue, 2014-07-15 00:00
“It all comes against a backdrop of anxiety about whether global markets and economies are resilient enough to cope when the U.S. Federal Reserve takes the punch bowl away by ending its bond buying program and then starts to raise interest rates – probably next year - for the first time since 2006.”
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