Aug. 9 (Bloomberg) — Harvard University’s Kenneth Rogoff talks about Standard & Poor’s decision to downgrade U.S. debt and its implications for the nation’s economy and central bank monetary policy. Rogoff also discusses the outlook for the global financial markets, China’s economy and European Central Bank monetary policy. Watch the clip here.
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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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