Why the market vetoed the U.K.’s budget–and what it means for the changing nature of stimulus around the world
Consider the following statement about the relationship between markets and policymakers: “(They) are separated by light years of distrust and misunderstanding. But market realities have the last say-so. Wall Street votes with the upward or downward movement of stock and bond prices. Their reaction ultimately will make or break a President’s program.” These were the … Read more