Investor Fear Derives From Policy Ineffectiveness: Englander
Source: BFW (Bloomberg First Word)
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Steven Englander (Citigroup Inc)
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UUID: 7947283
(Bloomberg) -- Perceived U.S. economic fragility leaves no place for currencies to depreciate against, Citigroup strategist Steven Englander writes in client note.
Alert: HALISTER1- QE/negative rates have lost their financial market and economic impact
- Investors looking for support at G-20 on Feb. 26-27 could be disappointed
- There are too many simultaneous issues, meaning that policy coordination is unlikely
- Doubtful that G-20 will produce a realizable action plan
- U.S. economy is less fragile than thought by Fed and some investors
- Global policy makers will be more imaginative, but FX divergence trade is sidelined for now
Source: BFW (Bloomberg First Word)
People
Steven Englander (Citigroup Inc)
To de-activate this alert, click here
UUID: 7947283