Last Week’s Market Action Summarized Into A-Two Minute Read – Asian, European, and US Markets. USD Rally A Leading Indicator Of FOMC Surprise.The following is a partial summary of the conclusions from the fxempire.com weekly analysts’ meeting in which we share thoughts and conclusions about the weekly outlook for the major currency pairs.
Wallison is incorrect in claiming that there has been no significant financial deregulation in the last 30 years. There has been very little desirable financial deregulation in the last 30 years, but there has been extensive, destructive deregulation. Deregulation played a major role in the S&L debacle and the current crisis.
Wallison says that the government and Fannie/Freddie were prime causes of the financial crisis. Black says Wallison is defending his partisan past.